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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income        
Loans, including fees $ 46,426 $ 44,433 $ 143,784 $ 125,326
Investment securities:        
Taxable interest 6,882 7,911 22,891 28,594
Tax-exempt interest 25 28 78 87
Interest earning deposits 167 106 650 1,836
Total interest income 53,500 52,478 167,403 155,843
Interest expense        
Deposits 1,209 1,730 4,494 11,468
Short-term borrowings 7 1 15 181
Senior debt 1,279 633 3,838 633
Subordinated debentures 112 118 337 408
Total interest expense 2,607 2,482 8,684 12,690
Net interest income 50,893 49,996 158,719 143,153
Provision for credit losses 1,613 1,297 1,484 5,798
Net interest income after provision for credit losses 49,280 48,699 157,235 137,355
Non-interest income        
Net realized and unrealized gains (losses) on commercial loans, at fair value 4,306 684 8,881 (5,412)
Change in value of investment in unconsolidated entity       (45)
Leasing related income 1,968 1,519 4,700 2,795
Other 186 955 459 2,019
Total non-interest income 26,588 24,352 76,523 61,317
Non-interest expense        
Salaries and employee benefits 25,094 26,417 77,839 74,650
Depreciation and amortization 729 785 2,144 2,457
Rent and related occupancy cost 1,256 1,376 3,777 4,191
Data processing expense 1,209 1,192 3,481 3,538
Printing and supplies 81 114 277 440
Audit expense 356 397 1,110 1,205
Legal expense 1,251 994 5,349 4,136
Amortization of intangible assets 99 147 298 441
FDIC insurance 266 2,180 5,235 7,687
Software 4,045 3,595 11,435 10,458
Insurance 1,110 741 2,881 2,059
Telecom and IT network communications 413 392 1,227 1,186
Consulting 448 410 952 1,011
Other 3,027 3,286 9,145 9,605
Total non-interest expense 39,384 42,026 125,150 123,064
Income from continuing operations before income taxes 36,484 31,025 108,608 75,608
Income tax expense 8,289 7,894 25,195 19,033
Net income from continuing operations 28,195 23,131 83,413 56,575
Discontinued operations        
Income (loss) from discontinued operations before income taxes 87 (1,671) 324 (2,720)
Income tax expense (benefit) 21 (1,794) 76 (2,058)
Income (loss) from discontinued operations, net of tax 66 123 248 (662)
Net income $ 28,261 $ 23,254 $ 83,661 $ 55,913
Net income per share from continuing operations - basic $ 0.49 $ 0.40 $ 1.45 $ 0.98
Net income (loss) per share from discontinued operations - basic     0.01 (0.01)
Net income per share - basic 0.49 0.40 1.46 0.97
Net income per share from continuing operations - diluted 0.48 0.40 1.41 0.97
Net income (loss) per share from discontinued operations - diluted     0.01 (0.01)
Net income per share - diluted $ 0.48 $ 0.40 $ 1.42 $ 0.96
ACH, Card And Other Payment Processing Fees [Member]        
Non-interest income        
Non-interest income $ 1,905 $ 1,760 $ 5,605 $ 5,313
Prepaid, Debit Card And Related Fees [Member]        
Non-interest income        
Non-interest income $ 18,223 $ 19,434 $ 56,878 $ 56,647