|
Non-interest income
|
|
|
|
|
|
|
|
|
|
|
Loans, including fees
|
|
$77.3m
|
$117.1m
|
$136.5m
|
$164.5m
|
$231.9m
|
$345.0m
|
$429.7m
|
$480.5m
|
|
Securities
|
|
—
|
—
|
—
|
$5.8m
|
$15.6m
|
$18.5m
|
$21.4m
|
$23.6m
|
|
Overnight deposits
|
|
$5.0m
|
$7.7m
|
$2.5m
|
$2.3m
|
$12.3m
|
$9.3m
|
$15.0m
|
$9.3m
|
|
Other interest and dividends
|
|
$654k
|
$1.0m
|
$812k
|
$608k
|
$939k
|
$2.5m
|
$2.2m
|
$1.8m
|
|
Deposits
|
|
$9.1m
|
$25.5m
|
$14.2m
|
$14.2m
|
$29.3m
|
$128.7m
|
$198.0m
|
$198.8m
|
|
Borrowed funds
|
|
$1.1m
|
$4.1m
|
$1.7m
|
—
|
$893k
|
$22.4m
|
$15.8m
|
$11.9m
|
|
Trust preferred securities
|
|
$846k
|
$899k
|
$572k
|
$424k
|
$799k
|
$1.5m
|
$1.5m
|
$1.3m
|
|
Net interest income
|
|
$71.2m
|
$97.6m
|
$124.9m
|
$157.0m
|
$229.2m
|
$222.8m
|
$253.1m
|
$303.2m
|
|
Provision for credit losses
|
|
—
|
—
|
—
|
$3.8m
|
$10.1m
|
$12.3m
|
$6.3m
|
$37.6m
|
|
Net interest income after provision for credit losses
|
|
$68.1m
|
$93.4m
|
$115.4m
|
$153.2m
|
$219.0m
|
$210.6m
|
$246.8m
|
$265.6m
|
|
Other income
|
|
—
|
—
|
$4.8m
|
$2.5m
|
$1.5m
|
$2.8m
|
$2.2m
|
$3.5m
|
|
Compensation and benefits
|
|
$25.7m
|
$31.2m
|
$39.8m
|
$45.9m
|
$57.3m
|
$67.0m
|
$77.9m
|
$84.0m
|
|
Bank premises and equipment
|
|
$5.1m
|
$6.5m
|
$8.3m
|
$8.1m
|
$8.9m
|
$9.3m
|
$9.7m
|
$10.3m
|
|
Professional fees
|
|
$2.9m
|
$3.4m
|
$4.1m
|
$6.8m
|
$14.4m
|
$18.1m
|
$21.3m
|
$14.9m
|
|
Deposit related program fees
|
|
—
|
—
|
—
|
—
|
—
|
$13.1m
|
$16.8m
|
$24.0m
|
|
FDIC assessments
|
|
—
|
—
|
$2.0m
|
$3.9m
|
$4.6m
|
$9.1m
|
$11.8m
|
$9.5m
|
|
Regulatory settlement reserve
|
|
—
|
—
|
—
|
—
|
$35.0m
|
($5.5m)
|
$9.5m
|
—
|
|
Total interest income
|
|
$83.9m
|
$129.8m
|
$143.1m
|
$173.3m
|
$260.7m
|
$375.4m
|
$468.4m
|
$515.3m
|
|
Total non-interest income
|
|
$12.2m
|
$10.6m
|
$17.0m
|
$23.7m
|
$26.6m
|
$27.9m
|
$23.8m
|
$11.9m
|
|
Net income
|
|
$25.6m
|
$30.1m
|
$39.5m
|
$60.6m
|
$59.4m
|
$77.3m
|
$66.7m
|
$71.1m
|
|
Basic earnings (in dollars per share)
|
|
$3.12
|
$3.63
|
$4.76
|
$6.64
|
$5.42
|
$6.95
|
$5.97
|
$6.71
|
|
Diluted earnings (in dollars per share)
|
|
$3.06
|
$3.56
|
$4.66
|
$6.45
|
$5.29
|
$6.91
|
$5.93
|
$6.62
|
|
Technology costs
|
|
$4.0m
|
$11.0m
|
$3.4m
|
$5.2m
|
$4.7m
|
$4.9m
|
$11.0m
|
$17.1m
|
|
Other expenses
|
|
$5.8m
|
$7.8m
|
$9.2m
|
$12.8m
|
$13.4m
|
$15.9m
|
$19.4m
|
$16.0m
|
|
Net income before income tax expense
|
|
$36.8m
|
$44.1m
|
$57.9m
|
$89.6m
|
$96.9m
|
$106.9m
|
$97.1m
|
$101.5m
|
|
Income tax expense
|
|
$11.2m
|
$13.9m
|
$18.5m
|
$29.0m
|
$37.5m
|
$29.6m
|
$30.4m
|
$30.4m
|
|
Total interest expense
|
|
$12.7m
|
$32.2m
|
$18.2m
|
$16.3m
|
$31.6m
|
$152.6m
|
$215.3m
|
$212.0m
|
|
Total non-interest expense
|
|
$43.5m
|
$60.0m
|
$74.5m
|
$87.3m
|
$148.7m
|
$131.5m
|
$173.6m
|
$176.0m
|