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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest and Dividend Income    
Loans receivable, including loan fees $ 151,290 $ 124,910
Investment securities 6,458 4,406
Federal Home Loan Bank stock 396 412
Deposits with banks 1,556 1,076
Total interest and dividend income 159,700 130,804
Interest Expense    
Time deposits 15,728 10,982
Other deposits 4,586 4,446
Securities sold under agreements to repurchase 714 1,550
Advances from Federal Home Loan Bank 971 288
Long-term debt 2,082 1,424
Deferred payments from acquisition 276
Total interest expense 24,357 18,690
Net interest income before reversal for credit losses 135,343 112,114
Reversal for credit losses (3,000) (2,500)
Net interest income after reversal for credit losses 138,343 114,614
Non-Interest Income    
Net losses from equity securities (3,847)
Securities gains/(losses), net (466)
Letters of credit commissions 1,275 1,123
Depository service fees [1] 6,867 6,660
Gain from acquisition 340
Other operating income 6,097 4,553
Total non-interest income 5,310 6,718
Non-Interest Expense    
Salaries and employee benefits 30,377 25,871
Occupancy expense 5,452 4,699
Computer and equipment expense 3,094 2,724
Professional services expense 6,039 4,256
Data processing service expense 3,219 2,532
FDIC and regulatory assessments 2,035 2,520
Marketing expense 858 871
Other real estate owned (income)/expense (212) 61
Amortization of investments in low income housing and alternative energy partnerships 5,761 4,850
Amortization of core deposit intangibles 234 172
Acquisition and integration costs 169
Other operating expense 3,945 3,330
Total non-interest expense 60,971 51,886
Income before income tax expense 82,682 69,446
Income tax expense 18,866 20,505
Net income 63,816 48,941
Other comprehensive income, net of tax    
Unrealized holding losses on securities available-for-sale (11,514) (496)
Unrealized holding gain on cash flow hedge derivatives 2,193 299
Less: reclassification adjustments for gains/(losses) included in net income (270)
Total other comprehensive gain, net of tax (9,321) 73
Total other comprehensive income $ 54,495 $ 49,014
Net income per common share:    
Basic (in dollars per share) $ 0.79 $ 0.61
Diluted (in dollars per share) 0.78 0.61
Cash dividends paid per common share (in dollars per share) $ 0.24 $ 0.21
Weighted-average shares:    
Basic (in shares) 81,123,380 79,703,593
Diluted weighted-average number of common shares outstanding (in shares) 81,680,445 80,413,178
Deposit Account [Member]    
Non-Interest Income    
Depository service fees $ 1,445 $ 1,508
[1] There were no adjustments to the Company's financial statements recorded as a result of the adoption of ASC 606. For comparability, the Company has adjusted prior period amounts to conform to the periods presentation.