Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Business Segment Information

Schedule of information by operating segment

	Three Months Ended June 30, 2020
	Banking(1)		Factoring		Consolidated
	(Dollars in thousands)
Interest income	$	34,570		2,562	$	37,132
Intersegment interest allocations		218		(218)		—
Total interest expense		2,192		—		2,192
Net interest income		32,596		2,344		34,940
Provision for credit losses on loans		1,107		7		1,114
Net interest income after provision		31,489		2,337		33,826
Noninterest income		1,883		195		2,078
Noninterest expense		19,336		1,676		21,012
Intersegment expense allocations		106		(106)		—
Income before income taxes		14,142		750		14,892
Income tax (benefit) expense		4,052		222		4,274
Net income	$	10,090	$	528	$	10,618
Total assets	$	4,546,199	$	68,202	$	4,614,401
Loans, net of deferred fees	$	2,644,480	$	41,909	$	2,686,389
Goodwill	$	154,587	$	13,044	$	167,631

	Three Months Ended June 30, 2019
	Banking(1)		Factoring		Consolidated
	(Dollars in thousands)
Interest income	$	30,521		2,968	$	33,489
Intersegment interest allocations		292		(292)		—
Total interest expense		2,573		—		2,573
Net interest income		28,240		2,676		30,916
Provision (credit) for loan losses		(744)		4		(740)
Net interest income after provision		28,984		2,672		31,656
Noninterest income		2,641		124		2,765
Noninterest expense		16,784		1,661		18,445
Intersegment expense allocations		132		(132)		—
Income before income taxes		14,973		1,003		15,976
Income tax expense		4,327		296		4,623
Net income	$	10,646	$	707	$	11,353
Total assets	$	3,045,378	$	62,653	$	3,108,031
Loans, net of deferred fees	$	1,827,936	$	49,831	$	1,877,767
Goodwill	$	70,709	$	13,044	$	83,753

(1) Includes the holding company’s results of operations

	Six Months Ended June 30, 2020
	Banking (1)		Factoring		Consolidated
	(Dollars in thousands)
Interest income	$	72,635	$	5,439	$	78,074
Intersegment interest allocations		502		(502)		—
Total interest expense		4,554		—		4,554
Net interest income		68,583		4,937		73,520
Provision for credit losses on loans		13,981		403		14,384
Net interest income after provision		54,602		4,534		59,136
Noninterest income		4,906		365		5,271
Noninterest expense		43,519		3,267		46,786
Intersegment expense allocations		235		(235)		—
Income before income taxes		16,224		1,397		17,621
Income tax expense		4,729		413		5,142
Net income	$	11,495	$	984	$	12,479
Total assets	$	4,546,199	$	68,202	$	4,614,401
Loans, net of deferred fees	$	2,644,480	$	41,909	$	2,686,389
Goodwill	$	154,587	$	13,044	$	167,631

	Six Months Ended June 30, 2019
	Banking (1)		Factoring		Consolidated
	(Dollars in thousands)
Interest income	$	61,017	$	5,921	$	66,938
Intersegment interest allocations		606		(606)		—
Total interest expense		4,980		—		4,980
Net interest income		56,643		5,315		61,958
Provision for loan losses		(1,636)		(165)		(1,801)
Net interest income after provision		58,279		5,480		63,759
Noninterest income		4,873		360		5,233
Noninterest expense		32,985		3,378		36,363
Intersegment expense allocations		253		(253)		—
Income before income taxes		30,420		2,209		32,629
Income tax expense		8,477		653		9,130
Net income	$	21,943	$	1,556	$	23,499
Total assets	$	3,045,378	$	62,653	$	3,108,031
Loans, net of deferred fees	$	1,827,936	$	49,831	$	1,877,767
Goodwill	$	70,709	$	13,044	$	83,753

(1) Includes the holding company’s results of operations