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Segment Financials (Tables)
3 Months Ended
Mar. 31, 2020
Segment Financials [Abstract]  
Schedule Of Segment Financials





 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

For the three months ended March 31, 2020



 

Specialty finance

 

Payments

 

Corporate

 

Discontinued operations

 

Total



 

(in thousands)

Interest income

 

$            39,293 

 

$                    - 

 

$            12,173 

 

$                    - 

 

$          51,466 

Interest allocation

 

 -

 

12,173 

 

(12,173)

 

 -

 

 -

Interest expense

 

340 

 

5,065 

 

3,150 

 

 -

 

8,555 

Net interest income (loss)

 

38,953 

 

7,108 

 

(3,150)

 

 -

 

42,911 

Provision for credit losses

 

3,579 

 

 -

 

 -

 

 -

 

3,579 

Non-interest income

 

(3,839)

 

20,421 

 

17 

 

 -

 

16,599 

Non-interest expense

 

16,916 

 

17,145 

 

4,357 

 

 -

 

38,418 

Income (loss) from continuing operations before taxes

 

14,619 

 

10,384 

 

(7,490)

 

 -

 

17,513 

Income tax expense

 

 -

 

 -

 

4,352 

 

 -

 

4,352 

Income (loss) from continuing operations

 

14,619 

 

10,384 

 

(11,842)

 

 -

 

13,161 

Loss from discontinued operations

 

 -

 

 -

 

 -

 

(570)

 

(570)

Net income (loss)

 

$            14,619 

 

$          10,384 

 

$          (11,842)

 

$             (570)

 

$          12,591 



 

 

 

 

 

 

 

 

 

 











 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

For the three months ended March 31, 2019



 

Specialty finance

 

Payments

 

Corporate

 

Discontinued operations

 

Total



 

(in thousands)

Interest income

 

$            30,473 

 

$                    - 

 

$            13,105 

 

$                    - 

 

$          43,578 

Interest allocation

 

 -

 

13,105 

 

(13,105)

 

 -

 

 -

Interest expense

 

368 

 

8,384 

 

816 

 

 -

 

9,568 

Net interest income (loss)

 

30,105 

 

4,721 

 

(816)

 

 -

 

34,010 

Provision for credit losses

 

1,700 

 

 -

 

 -

 

 -

 

1,700 

Non-interest income

 

11,777 

 

18,548 

 

40 

 

 -

 

30,365 

Non-interest expense

 

15,357 

 

16,459 

 

7,413 

 

 -

 

39,229 

Income (loss) from continuing operations before taxes

 

24,825 

 

6,810 

 

(8,189)

 

 -

 

23,446 

Income tax expense

 

 -

 

 -

 

6,035 

 

 -

 

6,035 

Income (loss) from continuing operations

 

24,825 

 

6,810 

 

(14,224)

 

 -

 

17,411 

Income from discontinued operations

 

 -

 

 -

 

 -

 

519 

 

519 

Net income (loss)

 

$            24,825 

 

$            6,810 

 

$          (14,224)

 

$               519 

 

$          17,930 



 

 

 

 

 

 

 

 

 

 













 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

March 31, 2020



 

Specialty finance

 

Payments

 

Corporate

 

Discontinued operations

 

Total



 

(in thousands)

Total assets

 

$        3,735,854 

 

$            48,361 

 

$        1,539,775 

 

$          134,118 

 

$       5,458,108 

Total liabilities

 

$           260,220 

 

$       3,977,947 

 

$           721,837 

 

$                      - 

 

$       4,960,004 







 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

December 31, 2019



 

Specialty finance

 

Payments

 

Corporate

 

Discontinued operations

 

Total



 

(in thousands)

Total assets

 

$        3,008,304 

 

$            57,746 

 

$        2,450,256 

 

$          140,657 

 

$       5,656,963 

Total liabilities

 

$           247,485 

 

$       4,030,921 

 

$           894,060 

 

$                      - 

 

$       5,172,466