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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income        
Loans, including fees $ 24,981 $ 21,420 $ 70,254 $ 59,066
Investment securities:        
Taxable interest 10,906 8,847 31,375 26,990
Tax-exempt interest 50 86 159 228
Federal funds sold/securities purchased under agreements to resell 480 371 1,369 931
Interest earning deposits 2,239 1,190 6,166 3,961
Total interest income 38,656 31,914 109,323 91,176
Interest expense        
Deposits 7,690 3,688 18,298 10,554
Short-term borrowings 148 175 261 197
Subordinated debentures 186 150 524 432
Total interest expense 8,024 4,013 19,083 11,183
Net interest income 30,632 27,901 90,240 79,993
Provision for loan and lease losses 1,060 800 2,660 2,150
Net interest income after provision for loan and lease losses 29,572 27,101 87,580 77,843
Non-interest income        
Net realized and unrealized gains on commercial loans originated for sale 8,999 11,394 20,274 17,535
Gain on sale of investment securities 15 506 41 1,595
Change in value of investment in unconsolidated entity (78) (4) (2,981) (20)
Leasing income 758 705 2,353 2,088
Affinity fees 84 275 271 1,445
Gain on sale of IRA portfolio 65,000   65,000  
Gain on sale of health savings accounts       2,538
Loss from sale of European prepaid operations       (3,437)
Other 305 376 689 892
Total non-interest income 90,970 29,007 137,105 71,399
Non-interest expense        
Salaries and employee benefits 19,243 21,788 59,213 57,902
Depreciation and amortization 999 1,080 3,012 3,405
Rent and related occupancy cost 1,343 1,368 4,077 4,227
Data processing expense 1,380 1,926 4,741 8,047
One time fee to exit data processing contract   1,136   1,136
Printing and supplies 285 282 779 1,120
Audit expense 471 393 1,553 1,270
Legal expense 1,610 2,744 5,811 5,909
Amortization of intangible assets 382 377 1,148 1,133
Losses on sale and write downs on other real estate owned     45 19
FDIC insurance 2,241 2,063 7,389 7,586
Software 3,593 3,088 9,879 9,328
Insurance 673 633 1,967 1,853
Telecom and IT network communications 332 426 971 1,443
Consulting 1,130 505 2,658 1,745
Civil money penalty (adjustment)   2,500 (290) 2,500
Lease termination expense     395  
Other 3,617 3,574 10,310 10,406
Total non-interest expense 37,299 43,883 113,658 119,029
Income from continuing operations before income taxes 83,243 12,225 111,027 30,213
Income tax expense (benefit) 21,942 5,455 29,550 (457)
Net income from continuing operations 61,301 6,770 81,477 30,670
Income (loss) from discontinued operations before income taxes (370) 829 (264) 5,488
Income tax expense (benefit) (346) 318 (345) 2,050
Income (loss) from discontinued operations, net of tax (24) 511 81 3,438
Net income available to common shareholders $ 61,277 $ 7,281 $ 81,558 $ 34,108
Net income per share from continuing operations - basic $ 1.09 $ 0.12 $ 1.45 $ 0.55
Net income per share from discontinued operations - basic   0.01   0.06
Net income per share - basic 1.09 0.13 1.45 0.61
Net income per share from continuing operations - diluted 1.07 0.12 1.43 0.55
Net income per share from discontinued operations - diluted   0.01   0.06
Net income per share - diluted $ 1.07 $ 0.13 $ 1.43 $ 0.61
Service Fees On Deposit Accounts [Member]        
Non-interest income        
Non-interest income, revenue $ 402 $ 1,700 $ 3,624 $ 4,895
ACH, Card And Other Payment Processing Fees [Member]        
Non-interest income        
Non-interest income, revenue 2,281 1,564 6,275 4,596
Prepaid Card Fees [Member]        
Non-interest income        
Non-interest income, revenue $ 13,204 $ 12,491 $ 41,559 $ 39,272