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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Mar. 31, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Acquisition-related costs $ 1,005 $ 0   $ 1,005 $ 0
INTEREST INCOME:          
Loans receivable 104,868   $ 95,221 298,743 281,304
Mortgage-backed securities 8,915   6,644 25,145 17,529
Securities and cash equivalents 3,865   3,413 11,003 9,976
Total interest income 117,648   105,278 334,891 308,809
INTEREST EXPENSE:          
Deposits 5,517   3,189 13,139 9,162
FHLB advances 1,388   569 3,564 1,142
Other borrowings 60   84 179 241
Junior subordinated debentures 1,605   1,226 4,495 3,494
Total interest expense 8,570   5,068 21,377 14,039
Net interest income 109,078   100,210 313,514 294,770
PROVISION FOR LOAN LOSSES 2,000   2,000 6,000 6,000
Net interest income after provision for loan losses 107,078   98,210 307,514 288,770
NON-INTEREST INCOME:          
Deposit fees and other service charges 12,255   11,058 35,535 32,611
Bank-owned life insurance (BOLI) 1,726   1,043 3,511 3,599
Miscellaneous 569   1,705 4,995 7,062
Other operating income 20,366   18,304 59,365 59,126
Net gain on sale of securities 0   270 48 230
Net change in valuation of financial instruments carried at fair value 45   (493) 3,577 (1,831)
Total non-interest income 20,411   18,081 62,990 57,525
NON-INTEREST EXPENSE:          
Salary and employee benefits 48,930   48,931 150,491 144,014
Less capitalized loan origination costs (4,318)   (4,331) (13,062) (13,245)
Occupancy and equipment 12,385   11,737 35,725 35,778
Information/computer data services 4,766   4,420 13,711 12,513
Payment and card processing expenses 3,748   3,581 11,179 10,523
Professional services 3,010   3,349 11,276 12,233
Advertising and marketing 1,786   2,130 5,758 5,225
Deposit insurance 991   1,101 3,353 3,438
State/municipal business and use taxes 902   780 2,430 1,857
REO operations 433   240 553 (1,089)
Amortization of core deposit intangibles 1,348   1,542 4,112 4,790
Miscellaneous 6,646   6,851 19,444 20,432
Total non-interest expense 81,632   80,331 245,975 236,469
Noninterest Operating Expense, Before Acquisition Related Costs 80,627 $ 80,331   244,970 236,469
Income before provision for income taxes 45,857   35,960 124,529 109,826
PROVISION FOR INCOME TAXES 8,084   10,883 25,542 35,502
NET INCOME $ 37,773   $ 25,077 $ 98,987 $ 74,324
Earnings per common share:          
Basic $ 1.17   $ 0.76 $ 3.06 $ 2.25
Diluted 1.17   0.76 3.05 2.25
Cumulative dividends declared per common share $ 0.38   $ 0.25 $ 1.58 $ 1.75
Weighted average number of common shares outstanding, Basic 32,256,789   32,982,532 32,300,688 32,966,214
Weighted average number of common shares outstanding, Diluted 32,376,623   33,079,099 32,406,414 33,061,172
Mortgage Banking [Member]          
NON-INTEREST INCOME:          
Mortgage banking operations $ 5,816   $ 4,498 $ 15,324 $ 15,854