SEGMENT REPORTING

The Company has the following five reportable segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division and Premium Finance Division. The Banking Division derives its revenues from the delivery of full-service financial services, including commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division derives its revenues from the origination, sales and servicing of one-to-four family residential mortgage loans. The Warehouse Lending Division derives its revenues from the origination and servicing of warehouse lines to other businesses that are secured by underlying one-to-four family residential mortgage loans. The SBA Division derives its revenues from the origination, sales and servicing of SBA loans. The Premium Finance Division derives its revenues from the origination and servicing of commercial insurance premium finance loans.

The Banking, Retail Mortgage, Warehouse Lending, SBA and Premium Finance Divisions are managed as separate business units because of the different products and services they provide. The Company evaluates performance and allocates resources based on profit or loss from operations. There are no material intersegment sales or transfers.

The following tables present selected financial information with respect to the Company’s reportable business segments for the three months ended March 31, 2018 and 2017:



	Three Months Ended March 31, 2018
(dollars in thousands)	Banking Division		Retail Mortgage Division		Warehouse Lending Division		SBA Division		Premium Finance Division		Total
Interest income	$	60,896	$	6,822	$	2,752	$	1,431	$	7,611	$	79,512
Interest expense	5,537		1,825		897		507		1,945		10,711
Net interest income	55,359		4,997		1,855		924		5,666		68,801
Provision for loan losses	888		217		—		537		159		1,801
Noninterest income	13,099		11,585		397		1,370		13		26,464
Noninterest expense
Salaries and employee benefits	22,068		7,742		138		740		1,401		32,089
Equipment and occupancy expenses	5,477		593		—		58		70		6,198
Data processing and telecommunications expenses	6,304		389		33		9		400		7,135
Other expenses	11,080		1,731		52		236		577		13,676
Total noninterest expense	44,929		10,455		223		1,043		2,448		59,098
Income before income tax expense	22,641		5,910		2,029		714		3,072		34,366
Income tax expense	5,242		1,244		426		150		644		7,706
Net income	$	17,399	$	4,666	$	1,603	$	564	$	2,428	$	26,660

Total assets	$	6,464,130	$	613,706	$	247,257	$	109,011	$	588,724	$	8,022,828
Goodwill	125,532		—		—		—		82,981		208,513
Other intangible assets, net	12,562		—		—		—		—		12,562



	Three Months Ended March 31, 2017
(dollars in thousands)	Banking Division		Retail Mortgage Division		Warehouse Lending Division			SBA Division		Premium Finance Division		Total
Interest income	$	54,212	$	4,054	$	1,333		$	1,213	$	6,238	$	67,050
Interest expense	4,086		1,078		228			306		762		6,460
Net interest income	50,126		2,976		1,105			907		5,476		60,590
Provision for loan losses	1,982		8		(232		)	48		30		1,836
Noninterest income	13,013		10,513		319			1,815		46		25,706
Noninterest expense
Salaries and employee benefits	18,844		7,216		147			591		996		27,794
Equipment and occupancy expenses	5,257		519		1			51		49		5,877
Data processing and telecommunications expenses	6,043		317		27			1		184		6,572
Other expenses	9,241		1,141		32			211		2,225		12,850
Total noninterest expense	39,385		9,193		207			854		3,454		53,093
Income before income tax expense	21,772		4,288		1,449			1,820		2,038		31,367
Income tax expense	6,856		1,501		507			637		713		10,214
Net income	$	14,916	$	2,787	$	942		$	1,183	$	1,325	$	21,153

Total assets	$	6,100,876	$	378,897	$	107,937		$	76,405	$	430,741	$	7,094,856
Goodwill	125,532		—		—			—		—		125,532
Other intangible assets, net	16,391		—		—			—		—		16,391