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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
INTEREST AND DIVIDEND INCOME      
Loan receivable $ 652,480 $ 549,291 $ 473,782
Investment securities 28,603 20,531 21,426
Federal Home Loan Bank stock 1,663 1,798 2,099
Federal funds sold and securities purchased under agreement to resell 110
Deposits with banks 5,209 4,421 1,763
Total interest and dividend income 687,955 576,151 499,070
INTEREST EXPENSE      
Time deposits 86,368 46,768 43,327
Other deposits 20,503 19,076 16,094
Interest on securities sold under agreements to repurchase 1,446 4,250 15,329
Advances from the Federal Home Loan Bank 3,739 2,712 659
Long-term debt 8,723 5,775 5,791
Deferred payments from acquisition 1,090 1,861
Short-term borrowings 187
Total interest expense 122,056 80,442 81,200
Net interest income before reversal for credit losses 565,899 495,709 417,870
Reversal for credit losses (4,500) (2,500) (15,650)
Net interest income after reversal for credit losses 570,399 498,209 433,520
NON-INTEREST INCOME      
Net (losses)/gains from equity securities, (2,787)
Securities gains, net 22 1,006 4,898
Letters of credit commissions 5,614 4,860 4,939
Depository service fees 27,985 25,649 25,486
Gain from acquisition 340 5,628
Other operating income 23,434 19,179 18,055
Total non-interest income [1] 31,707 36,297 33,370
NON-INTEREST EXPENSE      
Salaries and employee benefits 124,477 109,458 97,348
Occupancy expense 20,690 20,429 18,315
Computer and equipment expense 11,402 10,846 9,777
Professional services expense 22,810 20,439 18,686
Data processing service expense 12,438 11,190 8,957
FDIC and State assessments 8,000 10,633 9,712
Marketing expense 7,837 6,200 5,092
Other real estate owned (income)/loss (719) (1,649) 856
Operations of investments in affordable housing and alternative energy partnerships, net 40,515 27,212 40,264
Amortization of core deposit premium 876 930 689
Acquisition and integration costs 2,105 4,121
Other operating expense 13,988 16,390 14,994
Total non-interest expense 264,419 236,199 224,690
Income before income tax expense 337,687 298,307 242,200
Total income tax expense, amount 65,802 122,265 67,101
Net income attributable to common stockholders 271,885 176,042 175,099
Other comprehensive income/(loss), net of tax:      
Unrealized holding (losses)/gains on securities available for sale (7,934) 1,068 6,725
Unrealized holding gains on cash flow hedge derivatives 1,525 719 825
Less: reclassification adjustment for gains included in net income 15 583 2,839
Total other comprehensive (loss)/income, net of tax (6,424) 1,204 4,711
Total comprehensive income $ 265,461 $ 177,246 $ 179,810
Net income attributable to common stockholders per common share      
Basic (in dollars per share) $ 3.35 $ 2.19 $ 2.21
Diluted (in dollars per share) $ 3.33 $ 2.17 $ 2.19
Basic average common shares outstanding (in shares) 81,131,269 80,262,782 79,153,762
Diluted average common shares outstanding (in shares) 81,607,346 81,004,550 79,929,262
Deposit Account [Member]      
NON-INTEREST INCOME      
Depository service fees $ 5,084 $ 5,624 $ 5,478
[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.