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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
INTEREST AND DIVIDEND INCOME      
Loan receivable $ 473,782 $ 427,621 $ 390,440
Investment securities 21,426 21,523 24,237
Federal Home Loan Bank stock 2,099 3,164 1,974
Deposits with banks 1,763 1,398 1,996
Total interest and dividend income 499,070 453,706 418,647
INTEREST EXPENSE      
Time deposits 43,327 39,443 35,111
Other deposits 16,094 12,445 10,658
Interest on securities sold under agreements to repurchase 15,329 15,813 24,685
Advances from the Federal Home Loan Bank 659 487 945
Long-term debt 5,791 5,776 4,467
Total interest expense 81,200 73,964 75,866
Net interest income before reversal for credit losses 417,870 379,742 342,781
Reversal for credit losses (15,650) (11,400) (10,800)
Net interest income after reversal for credit losses 433,520 391,142 353,581
NON-INTEREST INCOME      
Securities gains/(losses), net 4,898 (3,349) 6,748
Letters of credit commissions 4,939 5,545 6,043
Depository service fees 5,478 5,348 5,288
Other operating income 18,055 25,130 22,448
Total non-interest income 33,370 32,674 40,527
NON-INTEREST EXPENSE      
Salaries and employee benefits 97,348 89,960 89,893
Occupancy expense 18,315 17,018 15,735
Computer and equipment expense 9,777 9,828 9,793
Professional services expense 18,686 17,316 15,927
Data processing service expense 8,957 7,698 6,707
FDIC and State assessments 9,712 9,087 8,796
Marketing expense 5,092 4,926 4,126
Other real estate owned income/(loss) 856 (800) (1,304)
Operations of investments in affordable housing and alternative energy partnerships, net 40,264 33,335 6,990
Amortization of core deposit premium 689 667 719
Cost associated with debt redemption 3,348
Other operating expense 14,994 13,685 13,583
Total non-interest expense 224,690 202,720 174,313
Income before income tax expense 242,200 221,096 219,795
Income tax expense 67,101 59,987 81,965
Net income attributable to common stockholders 175,099 161,109 137,830
Other comprehensive income/(loss), net of tax:      
Unrealized holding gains/(losses) on securities available for sale 6,725 (4,200) 30,468
Unrealized holding gains/(losses) on cash flow hedge derivatives 825 (598) (2,397)
Less: reclassification adjustment for gains/(losses) included in net income 2,839 (1,941) 3,911
Total other comprehensive income/(loss), net of tax 4,711 (2,857) 24,160
Total comprehensive income $ 179,810 $ 158,252 $ 161,990
Net income attributable to common stockholders per common share      
Basic (in dollars per share) $ 2.21 $ 2 $ 1.73
Diluted (in dollars per share) $ 2.19 $ 1.98 $ 1.72
Basic average common shares outstanding (in shares) 79,153,762 80,563,577 79,661,571
Diluted average common shares outstanding (in shares) 79,929,262 81,294,796 80,106,895