Segment Financials

12 Months Ended

Dec. 31, 2015

Segment Financials [Abstract]

Segment Financials

Note V—Segment Financials

The Company performed a strategic evaluation of its businesses in the third quarter of 2014.  As a result of the evaluation, the Company decided to discontinue its commercial lending operations, as described in Note W- Discontinued Operations.  The shift from a traditional bank balance sheet led the Company to evaluate its remaining business structure.  Based on the continuing operations of the Company, it was determined that there would be four segments of the business: specialty finance, payments, corporate and discontinued operations.  Specialty finance includes commercial mortgage loan sales, Small Business Administration loans, leasing and security backed lines of credit and any deposits generated by those business lines.  Payments include prepaid cards, card payments, ACH processing and healthcare accounts.  Corporate includes the Company’s investment portfolio and corporate overhead and other non-allocated expenses.  Investment income is allocated to the payments segment.  These operating segments reflect the way the Company views its current operations.

	For the year ended December 31, 2015
	Specialty finance	Payments	Corporate	Discontinued operations	Total
	(in thousands)
Interest income	$              49,789	$                     11	$              33,730	$                        -	$              83,530
Interest allocation	-	33,730	(33,730)	-	-
Interest expense	5,039	7,445	1,115	-	13,599
Net interest income	44,750	26,296	(1,115)	-	69,931
Provision for loan and lease losses	2,100	-	-	-	2,100
Non-interest income	17,891	97,963	17,213	-	133,067
Non-interest expense	47,863	128,828	17,397	-	194,088
Income (loss) from continuing operations before taxes	12,678	(4,569)	(1,299)	-	6,810
Income taxes	-	-	1,450	-	1,450
Income (loss) from continuing operations	12,678	(4,569)	(2,749)	-	5,360
Income from discontinued operations	-	-	-	8,072	8,072
Net income (loss)	$              12,678	$               (4,569)	$               (2,749)	$                8,072	$              13,432

	For the year ended December 31, 2014
	Specialty finance	Payments	Corporate	Discontinued operations	Total
	(in thousands)
Interest income	$              36,402	$                     58	$              34,260	$                        -	$              70,720
Interest allocation	-	34,261	(34,261)	-	-
Interest expense	3,964	6,137	1,194	-	11,295
Net interest income	32,438	28,182	(1,195)	-	59,425
Provision for loan and lease losses	1,202	-	-	-	1,202
Non-interest income	19,030	65,509	510	-	85,049
Non-interest expense	37,933	79,145	18,902	-	135,980
Income (loss) from continuing operations before taxes	12,333	14,546	(19,587)	-	7,292
Income taxes	-	-	(14,523)	-	(14,523)
Income (loss) from continuing operations	12,333	14,546	(5,064)	-	21,815
Income from discontinued operations	-	-	-	35,294	35,294
Net income (loss)	$              12,333	$              14,546	$               (5,064)	$              35,294	$              57,109

	For the year ended December 31, 2013
	Specialty finance	Payments	Corporate	Discontinued operations	Total
	(in thousands)
Interest income	$              27,577	$                     64	$              23,509	$                        -	$              51,150
Interest allocation	-	23,510	(23,510)	-	-
Interest expense	3,762	4,796	2,210	-	10,768
Net interest income	23,815	18,778	(2,211)	-	40,382
Provision for loan and lease losses	355	-	-	-	355
Non-interest income	23,049	57,129	1,895	-	82,073
Non-interest expense	30,190	59,202	12,425	-	101,817
Income (loss) from continuing operations before taxes	16,319	16,705	(12,741)	-	20,283
Income taxes	-	-	6,767	-	6,767
Income (loss) from continuing operations	16,319	16,705	(19,508)	-	13,516
Loss from discontinued operations	-	-	-	(27,938)	(27,938)
Net income (loss)	$              16,319	$              16,705	$             (19,508)	$             (27,938)	$             (14,422)

	December 31, 2015
	Specialty finance	Payments	Corporate	Discontinued operations	Total
	(in thousands)
Total assets	$          1,747,558	$               35,165	$          2,399,191	$             583,909	$          4,765,823
Total liabilities	$             783,866	$          2,991,856	$             670,100	$                         -	$          4,445,822

	December 31, 2014
	Specialty finance	Payments	Corporate	Discontinued operations	Total
	(in thousands)
Total assets	$          1,099,914	$               30,503	$          2,967,971	$             887,929	$          4,986,317
Total liabilities	$          1,165,567	$          3,198,129	$             303,598	$                         -	$          4,667,294