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Business Segment Information (Tables)
6 Months Ended
Jun. 30, 2016
Business Segment Information  
Schedule of information by operating segment

                                                                                                                                                                                                             

 

 

Three Months Ended
June 30, 2016

 

 

 

Banking(1)

 

Factoring

 

Consolidated

 

 

 

(Dollars in thousands)

 

Interest income

 

$

20,301

 

$

3,203

 

$

23,504

 

Intersegment interest allocations

 

 

304

 

 

(304

)

 

 

Total interest expense

 

 

760

 

 

 

 

760

 

​  

​  

​  

​  

​  

​  

Net interest income

 

 

19,845

 

 

2,899

 

 

22,744

 

Provision for loan losses

 

 

325

 

 

26

 

 

351

 

​  

​  

​  

​  

​  

​  

Net interest income after provision

 

 

19,520

 

 

2,873

 

 

22,393

 

Noninterest income

 

 

3,497

 

 

163

 

 

3,660

 

Noninterest expense

 

 

12,602

 

 

1,779

 

 

14,381

 

Intersegment expense allocations

 

 

214

 

 

(214

)

 

 

​  

​  

​  

​  

​  

​  

Income before income taxes

 

 

10,629

 

 

1,043

 

 

11,672

 

Income tax expense

 

 

3,940

 

 

437

 

 

4,377

 

​  

​  

​  

​  

​  

​  

Net income

 

$

6,689

 

$

606

 

$

7,295

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total assets

 


$

2,311,058

 


$

67,234

 


$

2,378,292

 

Loans, net of deferred fees

 

$

1,412,317

 

$

51,797

 

$

1,464,114

 

Goodwill

 

$

32,620

 

$

13,044

 

$

45,664

 


 

 

(1)          

Includes the holding company's results of operations


 

                                                                                                                                                                                    

 

 

Three Months Ended
June 30, 2015

 

 

 

Banking(1)

 

Factoring

 

Consolidated

 

 

 

(Dollars in thousands)

 

Interest income

 

$

15,037

 

$

3,138

 

$

18,175

 

Intersegment interest allocations

 

 

274

 

 

(274

)

 

 

Total interest expense

 

 

533

 

 

 

 

533

 

​  

​  

​  

​  

​  

​  

Net interest income

 

 

14,778

 

 

2,864

 

 

17,642

 

Provision for loan losses

 

 

21

 

 

1

 

 

22

 

​  

​  

​  

​  

​  

​  

Net interest income after provision

 

 

14,757

 

 

2,863

 

 

17,620

 

Noninterest income

 

 

1,921

 

 

243

 

 

2,164

 

Noninterest expense

 

 

10,809

 

 

1,808

 

 

12,617

 

Intersegment expense allocations

 

 

79

 

 

(79

)

 

 

​  

​  

​  

​  

​  

​  

Income before income taxes

 

 

5,948

 

 

1,219

 

 

7,167

 

Income tax expense

 

 

2,178

 

 

512

 

 

2,690

 

​  

​  

​  

​  

​  

​  

Net income

 

$

3,770

 

$

707

 

$

4,477

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total assets

 


$

1,622,804

 


$

57,402

 


$

1,680,206

 

Loans, net of deferred fees

 

$

1,091,309

 

$

42,294

 

$

1,133,603

 

Goodwill

 

$

 

$

13,055

 

$

13,055

 


 

 

(1)          

Includes the holding company's results of operations


                                                                                                                                                                                    

 

 

Six Months Ended
June 30, 2016

 

 

 

Banking(1)

 

Factoring

 

Consolidated

 

 

 

(Dollars in thousands)

 

Interest income

 

$

40,509

 

$

6,057

 

$

46,566

 

Intersegment interest allocations

 

 

549

 

 

(549

)

 

 

Total interest expense

 

 

1,518

 

 

 

 

1,518

 

​  

​  

​  

​  

​  

​  

Net interest income

 

 

39,540

 

 

5,508

 

 

45,048

 

Provision for loan losses

 

 

712

 

 

40

 

 

752

 

​  

​  

​  

​  

​  

​  

Net interest income after provision

 

 

38,828

 

 

5,468

 

 

44,296

 

Noninterest income

 

 

5,909

 

 

365

 

 

6,274

 

Noninterest expense

 

 

25,654

 

 

3,412

 

 

29,066

 

Intersegment expense allocations

 

 

389

 

 

(389

)

 

 

​  

​  

​  

​  

​  

​  

Income before income taxes

 

 

19,472

 

 

2,032

 

 

21,504

 

Income tax expense

 

 

7,250

 

 

853

 

 

8,103

 

​  

​  

​  

​  

​  

​  

Net income

 

$

12,222

 

$

1,179

 

$

13,401

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total assets

 


$

2,311,058

 


$

67,234

 


$

2,378,292

 

Loans, net of deferred fees

 

$

1,412,317

 

$

51,797

 

$

1,464,114

 

Goodwill

 

$

32,620

 

$

13,044

 

$

45,664

 


 

 

(1)          

Includes the holding company's results of operations


 

                                                                                                                                                                                    

 

 

Six Months Ended
June 30, 2015

 

 

 

Banking(1)

 

Factoring

 

Consolidated

 

 

 

(Dollars in thousands)

 

Interest income

 

$

29,341

 

$

6,200

 

$

35,541

 

Intersegment interest allocations

 

 

542

 

 

(542

)

 

 

Total interest expense

 

 

1,041

 

 

 

 

1,041

 

​  

​  

​  

​  

​  

​  

Net interest income

 

 

28,842

 

 

5,658

 

 

34,500

 

Provision (credit) for loan losses

 

 

(37

)

 

(1

)

 

(38

)

​  

​  

​  

​  

​  

​  

Net interest income after provision

 

 

28,879

 

 

5,659

 

 

34,538

 

Noninterest income

 

 

3,712

 

 

378

 

 

4,090

 

Noninterest expense

 

 

21,314

 

 

3,579

 

 

24,893

 

Intersegment expense allocations

 

 

154

 

 

(154

)

 

 

​  

​  

​  

​  

​  

​  

Income before income taxes

 

 

11,431

 

 

2,304

 

 

13,735

 

Income tax expense

 

 

4,152

 

 

968

 

 

5,120

 

​  

​  

​  

​  

​  

​  

Net income

 

$

7,279

 

$

1,336

 

$

8,615

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total assets

 


$

1,622,804

 


$

57,402

 


$

1,680,206

 

Loans, net of deferred fees

 

$

1,091,309

 

$

42,294

 

$

1,133,603

 

Goodwill

 

$

 

$

13,055

 

$

13,055

 


 

 

(1)          

Includes the holding company's results of operations