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Segment Financials (Tables)
12 Months Ended
Dec. 31, 2015
Segment Financials [Abstract]  
Schedule Of Segment Financials

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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