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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
INTEREST INCOME:      
Loans receivable $ 471,473 $ 413,370 $ 374,449
Mortgage-backed securities 38,640 35,076 24,535
Securities and cash equivalents 15,566 15,186 13,300
Total interest income 525,679 463,632 412,284
INTEREST EXPENSE:      
Deposits 37,630 20,642 12,273
FHLB advances 12,234 5,636 1,908
Other borrowings 330 245 317
Junior subordinated debentures 6,574 6,136 4,752
Total interest expense 56,768 32,659 19,250
Net interest income before provision for loan losses 468,911 430,973 393,034
PROVISION FOR LOAN LOSSES 10,000 8,500 8,000
Net interest income 458,911 422,473 385,034
NON-INTEREST INCOME      
Total Deposit Fees and Other Service Charges 46,632 48,074 43,452
Bank Owned Life Insurance Income 4,645 4,505 4,618
Miscellaneous 8,632 7,148 8,985
Other operating income 82,124 81,070 77,935
Net gain (loss) on sale of securities 33 (837) (2,080)
Net change in valuation of financial instruments carried at fair value (208) 3,775 (2,844)
Gain on sale of branches, including related loans and deposits 0 0 12,189
Total non-interest income 81,949 84,008 85,200
NON-INTEREST EXPENSE:      
Income before provision for income taxes 183,132 165,110 151,264
PROVISION FOR INCOME TAXES 36,854 28,595 90,488
NET INCOME 146,278 136,515 60,776
Salary and employee benefits 226,409 202,613 192,096
Less capitalized loan origination costs (28,934) (17,925) (17,379)
Occupancy and equipment 52,390 49,215 47,866
Information/computer data services 22,458 18,823 17,245
Payment and card processing expenses 16,993 15,412 14,330
Professional and legal expenses 9,736 17,945 17,534
Advertising and marketing 7,836 8,346 8,637
Deposit insurance 2,840 4,446 4,689
State/municipal business and use taxes 3,880 3,284 2,594
REO operations 303 804 (2,030)
Amortization of core deposit intangibles 8,151 6,047 6,246
Miscellaneous 28,122 26,754 27,142
Total other operating expense, before acquisition related costs 350,184 335,764 318,970
Acquisition related costs 7,544 5,607 0
Total non-interest expense $ 357,728 $ 341,371 $ 318,970
Earnings per common share      
Basic (in dollars per share) $ 4.20 $ 4.16 $ 1.85
Diluted (in dollars per share) 4.18 4.15 1.84
Cumulative dividends declared per common share (in dollars per share) $ 2.64 $ 1.96 $ 2.00
Weighted average number of common shares outstanding:      
Basic 34,868,434 32,784,724 32,888,007
Diluted 34,967,684 32,894,425 32,986,707
Mortgage Banking [Member]      
NON-INTEREST INCOME      
Fees and Commissions, Mortgage Banking and Servicing $ 22,215 $ 21,343 $ 20,880