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Segment Financials (Tables)
9 Months Ended
Sep. 30, 2022
Segment Financials [Abstract]  
Schedule Of Segment Financials

For the three months ended September 30, 2022

Specialty finance

Payments

Corporate

Discontinued operations

Total

(Dollars in thousands)

Interest income

$

75,041 

$

34 

$

8,846 

$

—

$

83,921 

Interest allocation

(17,747)

17,154 

593 

—

—

Interest expense

940 

13,981 

4,341 

—

19,262 

Net interest income

56,354 

3,207 

5,098 

—

64,659 

Provision for credit losses

822 

—

—

—

822 

Non-interest income

1,952 

21,440 

34 

—

23,426 

Non-interest expense

18,292 

17,348 

9,190 

—

44,830 

Income (loss) before taxes

39,192 

7,299 

(4,058)

—

42,433 

Income tax expense

—

—

11,829 

—

11,829 

Net income (loss)

$

39,192 

$

7,299 

$

(15,887)

$

—

$

30,604 

For the three months ended September 30, 2021

Specialty finance

Payments

Corporate

Discontinued operations

Total

(Dollars in thousands)

Interest income

$

46,313 

$

—

$

7,187 

$

—

$

53,500 

Interest allocation

(4,314)

5,155 

(841)

—

—

Interest expense

239 

916 

1,452 

—

2,607 

Net interest income

41,760 

4,239 

4,894 

—

50,893 

Provision for credit losses

1,613 

—

—

—

1,613 

Non-interest income

6,408 

20,166 

14 

—

26,588 

Non-interest expense

16,452 

16,286 

6,646 

—

39,384 

Income (loss) from continuing operations before taxes

30,103 

8,119 

(1,738)

—

36,484 

Income tax expense

—

—

8,289 

—

8,289 

Income (loss) from continuing operations

30,103 

8,119 

(10,027)

—

28,195 

Income from discontinued operations

—

—

—

66 

66 

Net income (loss)

$

30,103 

$

8,119 

$

(10,027)

$

66 

$

28,261 

 

For the nine months ended September 30, 2022

Specialty finance

Payments

Corporate

Discontinued operations

Total

(Dollars in thousands)

Interest income

$

179,700 

$

89 

$

21,596 

$

—

$

201,385 

Interest allocation

(28,300)

28,565 

(265)

—

—

Interest expense

1,429 

19,989 

7,886 

—

29,304 

Net interest income

149,971 

8,665 

13,445 

—

172,081 

Provision for credit losses

4,331 

—

—

—

4,331 

Non-interest income

11,496 

64,524 

3,923 

—

79,943 

Non-interest expense

53,071 

51,529 

21,427 

—

126,027 

Income (loss) before taxes

104,065 

21,660 

(4,059)

—

121,666 

Income tax expense

—

—

31,694 

—

31,694 

Net income (loss)

$

104,065 

$

21,660 

$

(35,753)

$

—

$

89,972 

For the nine months ended September 30, 2021

Specialty finance

Payments

Corporate

Discontinued operations

Total

(Dollars in thousands)

Interest income

$

143,549 

$

—

$

23,854 

$

—

$

167,403 

Interest allocation

(12,713)

15,438 

(2,725)

—

—

Interest expense

723 

3,298 

4,663 

—

8,684 

Net interest income

130,113 

12,140 

16,466 

—

158,719 

Provision for credit losses

1,484 

—

—

—

1,484 

Non-interest income

13,864 

62,600 

59 

—

76,523 

Non-interest expense

50,844 

52,666 

21,640 

—

125,150 

Income (loss) from continuing operations before taxes

91,649 

22,074 

(5,115)

—

108,608 

Income tax expense

—

—

25,195 

—

25,195 

Income (loss) from continuing operations

91,649 

22,074 

(30,310)

—

83,413 

Income from discontinued operations

—

—

—

248 

248 

Net income (loss)

$

91,649 

$

22,074 

$

(30,310)

$

248 

$

83,661 

September 30, 2022

Specialty finance

Payments

Corporate

Discontinued operations

Total

(Dollars in thousands)

Total assets

$

6,061,700 

$

59,561 

$

1,655,813 

$

—

$

7,777,074 

Total liabilities

$

368,932 

$

5,724,483 

$

1,019,921 

$

—

$

7,113,336 

December 31, 2021

Specialty finance

Payments

Corporate

Discontinued operations

Total

(in thousands)

Total assets

$

5,099,388 

$

41,593 

$

1,698,990 

$

3,268 

$

6,843,239 

Total liabilities

$

329,372 

$

5,312,115 

$

549,298 

$

—

$

6,190,785