|
Revenue
|
|
$9.8m
|
$28.4m
|
$35.3m
|
$32.7m
|
$38.0m
|
$39.0m
|
$31.4m
|
$30.5m
|
$36.2m
|
|
Loans receivable
|
|
$164.8m
|
$189.9m
|
$217.8m
|
$255.2m
|
$228.8m
|
$263.6m
|
$343.8m
|
$382.3m
|
$403.2m
|
|
Debt securities available for sale and equity securities
|
|
$17.2m
|
$25.3m
|
$30.9m
|
$28.4m
|
$30.2m
|
$34.2m
|
$28.1m
|
$36.4m
|
$39.9m
|
|
Debt securities held to maturity
|
|
$68k
|
$7.1m
|
$8.2m
|
$8.0m
|
$8.6m
|
$9.7m
|
$9.7m
|
$10.0m
|
$11.4m
|
|
Federal funds and interest-earning deposits
|
|
$308k
|
$1.2m
|
$594k
|
$413k
|
$430k
|
$474k
|
$8.2m
|
$15.2m
|
$11.1m
|
|
Federal Home Loan Bank stock dividends
|
|
$1.8m
|
$2.8m
|
$3.6m
|
$3.7m
|
$2.0m
|
$1.7m
|
$5.2m
|
$7.6m
|
$5.3m
|
|
Deposits
|
|
$25.6m
|
$39.5m
|
$61.6m
|
$55.2m
|
$29.1m
|
$27.9m
|
$125.2m
|
$202.4m
|
$197.4m
|
|
Borrowings
|
|
$18.9m
|
$22.7m
|
$27.2m
|
$18.9m
|
$7.9m
|
$15.0m
|
$63.9m
|
$71.1m
|
$51.9m
|
|
Net interest income
|
|
$139.8m
|
$164.0m
|
$172.4m
|
$221.6m
|
$233.1m
|
$266.8m
|
$205.9m
|
$178.0m
|
$221.6m
|
|
Provision for credit losses
|
|
—
|
—
|
—
|
$18.4m
|
($10.0m)
|
$5.5m
|
$4.8m
|
$14.5m
|
$9.8m
|
|
Net interest income after provision for credit losses
|
|
$133.4m
|
$157.4m
|
$168.1m
|
$203.1m
|
$243.1m
|
$261.3m
|
$201.1m
|
$163.5m
|
$211.8m
|
|
Bank-owned life insurance
|
|
$4.9m
|
$5.2m
|
$5.8m
|
$6.6m
|
$6.0m
|
$7.4m
|
$10.1m
|
$7.3m
|
$8.2m
|
|
Loan fees and service charges
|
|
—
|
—
|
—
|
—
|
$3.0m
|
$3.9m
|
$4.5m
|
$4.5m
|
$5.9m
|
|
Gain (loss) on securities transactions
|
|
($1.7m)
|
$116k
|
$2.6m
|
$370k
|
$2.0m
|
$210k
|
($10.8m)
|
($35.9m)
|
$290k
|
|
Change in fair value of equity securities
|
|
—
|
—
|
$305k
|
$767k
|
($1.8m)
|
($401k)
|
$695k
|
$2.6m
|
$873k
|
|
Gain on sale of loans
|
|
($380k)
|
$618k
|
$785k
|
$5.4m
|
$10.8m
|
$178k
|
$1.2m
|
$906k
|
$928k
|
|
Gain on sale of real estate owned
|
|
$233k
|
($56k)
|
—
|
—
|
—
|
—
|
$0
|
$0
|
$281k
|
|
Other non-interest income
|
|
$4.5m
|
$4.9m
|
$5.9m
|
$7.0m
|
$8.9m
|
$10.4m
|
$14.1m
|
$13.4m
|
$9.6m
|
|
Compensation and employee benefits
|
|
$63.0m
|
$77.2m
|
$84.3m
|
$100.7m
|
$99.5m
|
$116.9m
|
$120.8m
|
$109.5m
|
$119.2m
|
|
Occupancy
|
|
$13.3m
|
$14.5m
|
$16.2m
|
$19.2m
|
$20.1m
|
$22.6m
|
$22.9m
|
$23.5m
|
$24.5m
|
|
Federal deposit insurance premiums
|
|
$1.7m
|
$1.9m
|
$895k
|
$1.9m
|
$2.4m
|
$2.6m
|
$8.6m
|
$7.6m
|
$6.8m
|
|
Advertising
|
|
$4.1m
|
$4.1m
|
$3.9m
|
$2.6m
|
$2.4m
|
$2.9m
|
$2.8m
|
$2.5m
|
$2.4m
|
|
Professional fees
|
|
$1.4m
|
$4.6m
|
$5.9m
|
$5.8m
|
$7.4m
|
$8.2m
|
$9.8m
|
$14.2m
|
$10.8m
|
|
Loss on extinguishment of debt
|
|
—
|
$0
|
$0
|
$1.2m
|
$2.9m
|
$0
|
$300k
|
$3.4m
|
$0
|
|
Total interest income
|
|
$184.2m
|
$226.3m
|
$261.1m
|
$295.7m
|
$270.1m
|
$309.7m
|
$395.0m
|
$451.4m
|
$471.0m
|
|
Total non-interest income
|
|
$17.2m
|
$21.7m
|
$31.6m
|
$31.3m
|
$38.8m
|
$30.4m
|
$27.4m
|
$1.9m
|
$37.1m
|
|
Net income (loss)
|
|
$31.1m
|
$22.7m
|
$54.7m
|
$57.6m
|
$92.0m
|
$86.2m
|
$36.1m
|
($11.7m)
|
$51.8m
|
|
Earnings (loss) per share - basic (in dollars per share)
|
|
—
|
$0.20
|
$0.49
|
$0.52
|
$0.88
|
$0.82
|
$0.35
|
($0.11)
|
$0.51
|
|
Earnings (loss) per share - diluted (in dollars per share)
|
|
—
|
$0.20
|
$0.49
|
$0.52
|
$0.88
|
$0.81
|
$0.35
|
($0.11)
|
$0.51
|
|
Weighted average shares outstanding - basic (in shares)
|
|
—
|
—
|
111.1m
|
109.8m
|
104.2m
|
105.6m
|
102.7m
|
101.7m
|
101.8m
|
|
Weighted average shares outstanding - diluted (in shares)
|
|
—
|
—
|
111.1m
|
109.8m
|
104.2m
|
106.2m
|
102.9m
|
101.8m
|
101.8m
|
|
Data processing and software expenses
|
|
$2.2m
|
$2.6m
|
$3.0m
|
$3.3m
|
$11.5m
|
$13.4m
|
$15.0m
|
$15.6m
|
$17.1m
|
|
Merger-related expenses
|
|
$0
|
$0
|
$2.8m
|
$1.9m
|
$822k
|
$2.8m
|
$606k
|
$1.7m
|
$214k
|
|
Other non-interest expense
|
|
$14.2m
|
$5.6m
|
$11.8m
|
$21.5m
|
$8.9m
|
$5.5m
|
$1.4m
|
$3.4m
|
($48k)
|
|
Income (loss) before income tax expense (benefit)
|
|
$47.1m
|
$33.7m
|
$71.1m
|
$76.3m
|
$126.2m
|
$116.9m
|
$46.1m
|
($15.9m)
|
$68.0m
|
|
Income tax expense (benefit)
|
|
$16.0m
|
$10.9m
|
$16.4m
|
$18.7m
|
$34.1m
|
$30.7m
|
$10.0m
|
($4.3m)
|
$16.2m
|
|
Total interest expense
|
|
$44.4m
|
$62.3m
|
$88.7m
|
$74.1m
|
$37.0m
|
$42.9m
|
$189.1m
|
$273.4m
|
$249.3m
|
|
Total non-interest expense
|
|
$103.4m
|
$145.4m
|
$128.7m
|
$158.1m
|
$155.7m
|
$174.8m
|
$182.4m
|
$181.3m
|
$180.9m
|