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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
INTEREST AND DIVIDEND INCOME      
Loan receivable $ 549,291 $ 473,782 $ 427,621
Investment securities 20,531 21,426 21,523
Federal Home Loan Bank stock 1,798 2,099 3,164
Federal funds sold and securities purchased under agreement to resell 110
Deposits with banks 4,421 1,763 1,398
Total interest and dividend income 576,151 499,070 453,706
INTEREST EXPENSE      
Time deposits 46,768 43,327 39,443
Other deposits 19,076 16,094 12,445
Interest on securities sold under agreements to repurchase 4,250 15,329 15,813
Advances from the Federal Home Loan Bank 2,712 659 487
Long-term debt 5,775 5,791 5,776
Deferred payments from acquisition 1,861
Total interest expense 80,442 81,200 73,964
Net interest income before reversal for credit losses 495,709 417,870 379,742
Reversal for credit losses (2,500) (15,650) (11,400)
Net interest income after reversal for credit losses 498,209 433,520 391,142
NON-INTEREST INCOME      
Securities gains/(losses), net 1,006 4,898 (3,349)
Letters of credit commissions 4,860 4,939 5,545
Depository service fees 5,624 5,478 5,348
Gain from acquisition 5,628
Other operating income 19,179 18,055 25,130
Total non-interest income 36,297 33,370 32,674
NON-INTEREST EXPENSE      
Salaries and employee benefits 109,458 97,348 89,960
Occupancy expense 20,429 18,315 17,018
Computer and equipment expense 10,846 9,777 9,828
Professional services expense 20,439 18,686 17,316
Data processing service expense 11,190 8,957 7,698
FDIC and State assessments 10,633 9,712 9,087
Marketing expense 6,200 5,092 4,926
Other real estate owned income/(loss) (1,649) 856 (800)
Operations of investments in affordable housing and alternative energy partnerships, net 27,212 40,264 33,335
Amortization of core deposit premium 930 689 667
Acquisition and integration costs 4,121
Other operating expense 16,390 14,994 13,685
Total non-interest expense 236,199 224,690 202,720
Income before income tax expense 298,307 242,200 221,096
Income tax benefit 122,265 67,101 59,987
Net income attributable to common stockholders 176,042 175,099 161,109
Other comprehensive income/(loss), net of tax:      
Unrealized holding gains/(losses) on securities available for sale 1,068 6,725 (4,200)
Unrealized holding gains/(losses) on cash flow hedge derivatives 719 825 (598)
Less: reclassification adjustment for gains/(losses) included in net income 583 2,839 (1,941)
Total other comprehensive income/(loss), net of tax 1,204 4,711 (2,857)
Total comprehensive income $ 177,246 $ 179,810 $ 158,252
Net income attributable to common stockholders per common share      
Basic (in dollars per share) $ 2.19 $ 2.21 $ 2
Diluted (in dollars per share) $ 2.17 $ 2.19 $ 1.98
Basic average common shares outstanding (in shares) 80,262,782 79,153,762 80,563,577
Diluted average common shares outstanding (in shares) 81,004,550 79,929,262 81,294,796