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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and Dividend Income    
Loans receivable, including loan fees $ 178,277 $ 151,290
Investment securities 7,290 6,458
Federal Home Loan Bank stock 304 396
Deposits with banks 1,890 1,556
Total interest and dividend income 187,761 159,700
Interest Expense    
Time deposits 34,123 15,728
Other deposits 5,377 4,586
Securities sold under agreements to repurchase 714
Advances from Federal Home Loan Bank 2,590 971
Long-term debt 2,132 2,082
Deferred payments from acquisition 217 276
Short-term borrowings 6
Total interest expense 44,445 24,357
Net interest income before reversal for credit losses 143,316 135,343
Reversal for credit losses (3,000)
Net interest income after reversal for credit losses 143,316 138,343
Non-Interest Income    
Net gains/(losses) from equity securities 4,163 (3,847)
Letters of credit commissions 1,554 1,275
Depository service fees 7,111 6,867
Gain from acquisition 340
Other operating income 5,949 6,097
Total non-interest income 12,921 5,310
Non-Interest Expense    
Salaries and employee benefits 32,132 30,377
Occupancy expense 5,549 5,452
Computer and equipment expense 2,879 3,094
Professional services expense 5,257 6,039
Data processing service expense 3,410 3,219
FDIC and regulatory assessments 2,476 2,035
Marketing expense 2,141 858
Other real estate owned expense/(income) 280 (212)
Amortization of investments in low income housing and alternative energy partnerships 10,810 5,761
Amortization of core deposit intangibles 172 234
Acquisition and integration costs 169
Other operating expense 5,864 3,945
Total non-interest expense 70,970 60,971
Income before income tax expense 85,267 82,682
Income tax expense 18,588 18,866
Net income 66,679 63,816
Other Comprehensive Income, net of tax    
Unrealized holding gains/(losses) on securities available-for-sale 8,799 (11,514)
Unrealized holding (losses)/gains on cash flow hedge derivatives (1,224) 2,193
Total other comprehensive gain/(loss), net of tax 7,575 (9,321)
Total other comprehensive income $ 74,254 $ 54,495
Net Income Per Common Share:    
Basic (in dollars per share) $ 0.83 $ 0.79
Diluted (in dollars per share) 0.83 0.78
Cash dividends (in dollars per share) $ 0.31 $ 0.24
Average Common Shares Outstanding:    
Basic (in shares) 80,455,317 81,123,380
Diluted (in shares) 80,703,134 81,680,445
Deposit Account [Member]    
Non-Interest Income    
Depository service fees $ 1,255 $ 1,445