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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
INTEREST INCOME:    
Loans receivable $ 91,288 $ 86,958
Mortgage-backed securities 4,647 5,390
Securities and cash equivalents 3,161 2,953
Total interest income 99,096 95,301
INTEREST EXPENSE:    
Deposits 2,791 2,946
FHLB advances 273 279
Other borrowings 74 75
Junior subordinated debentures 1,104 958
Total interest expense 4,242 4,258
Net interest income 94,854 91,043
PROVISION FOR LOAN LOSSES 2,000 0
Net interest income after provision for loan losses 92,854 91,043
NON-INTEREST INCOME:    
Deposit fees and other service charges 12,186 11,818
Mortgage banking operations 4,603 5,643
Bank-owned life insurance (BOLI) 1,095 1,185
Miscellaneous 3,636 1,263
Other operating income 21,520 19,909
Net gain on sale of securities 13 21
Net change in valuation of financial instruments carried at fair value (688) 29
Total non-interest income 20,845 19,959
NON-INTEREST EXPENSE:    
Salary and employee benefits 46,063 46,564
Less capitalized loan origination costs (4,316) (4,250)
Occupancy and equipment 11,996 10,388
Information/computer data services 3,994 4,920
Payment and card processing expenses 5,020 4,785
Professional services 5,152 2,614
Advertising and marketing 1,328 1,734
Deposit insurance 1,266 1,338
State/municipal business and use taxes 799 838
REO operations (966) 397
Amortization of core deposit intangibles 1,624 1,808
Miscellaneous 6,118 6,085
Operating expenses, before acquisition-related costs 78,078 77,221
Acquisition-related costs 0 6,813
Total non-interest expense 78,078 84,034
Income before provision for income taxes 35,621 26,968
PROVISION FOR INCOME TAXES 11,828 9,194
NET INCOME $ 23,793 $ 17,774
Earnings per common share:    
Basic $ 0.72 $ 0.52
Diluted 0.72 0.52
Cumulative dividends declared per common share $ 0.25 $ 0.21
Weighted average number of common shares outstanding, Basic 32,933,444 34,023,800
Weighted average number of common shares outstanding, Diluted 33,051,459 34,103,727