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SEGMENT REPORTING (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Schedule of Segment Reporting, by Reportable Business Segments
The following tables present selected financial information with respect to the Company’s reportable business segments for the three months ended June 30, 2018 and 2017:
 
Three Months Ended
June 30, 2018
(dollars in thousands)
Banking
Division
 
Retail
Mortgage
Division
 
Warehouse
Lending
Division
 
SBA
Division
 
Premium
 Finance
 Division
 
Total
Interest income
$
68,398

 
$
7,973

 
$
3,641

 
$
1,907

 
$
8,027

 
$
89,946

Interest expense
6,639

 
2,927

 
1,315

 
587

 
2,479

 
13,947

Net interest income
61,759

 
5,046

 
2,326

 
1,320

 
5,548

 
75,999

Provision for loan losses
766

 
246

 

 
447

 
7,651

 
9,110

Noninterest income
13,287

 
13,889

 
735

 
1,349

 
2,047

 
31,307

Noninterest expense
 

 
 

 
 

 
 

 
 

 
 

Salaries and employee benefits
26,646

 
10,864

 
128

 
736

 
1,402

 
39,776

Equipment and occupancy expenses
5,684

 
545

 

 
55

 
106

 
6,390

Data processing and telecommunications expenses
5,611

 
383

 
30

 
9

 
406

 
6,439

Other expenses
29,937

 
1,778

 
55

 
290

 
1,721

 
33,781

Total noninterest expense
67,878

 
13,570

 
213

 
1,090

 
3,635

 
86,386

Income before income tax expense
6,402

 
5,119

 
2,848

 
1,132

 
(3,691
)
 
11,810

Income tax expense
1,716

 
1,075

 
598

 
238

 
(1,204
)
 
2,423

Net income
$
4,686

 
$
4,044

 
$
2,250

 
$
894

 
$
(2,487
)
 
$
9,387

 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
9,380,969

 
$
727,639

 
$
324,706

 
$
142,116

 
$
615,267

 
$
11,190,697

Goodwill
437,605

 

 

 

 
67,159

 
504,764

Other intangible assets, net
33,507

 

 

 

 
20,054

 
53,561

 
Three Months Ended
June 30, 2017
(dollars in thousands)
Banking
Division
 
Retail
Mortgage
Division
 
Warehouse
Lending
Division
 
SBA
Division
 
Premium
 Finance
 Division
 
Total
Interest income
$
56,694

 
$
4,974

 
$
1,613

 
$
1,258

 
$
6,872

 
$
71,411

Interest expense
4,894

 
1,504

 
359

 
373

 
1,124

 
8,254

Net interest income
51,800

 
3,470

 
1,254

 
885

 
5,748

 
63,157

Provision for loan losses
1,491

 
347

 
176

 
51

 
140

 
2,205

Noninterest income
12,954

 
13,053

 
438

 
1,718

 
26

 
28,189

Noninterest expense
 

 
 

 
 

 
 

 
 

 
 

Salaries and employee benefits
19,359

 
7,763

 
127

 
890

 
993

 
29,132

Equipment and occupancy expenses
5,427

 
610

 
1

 
54

 
54

 
6,146

Data processing and telecommunications expenses
6,378

 
440

 
25

 
2

 
183

 
7,028

Other expenses
10,209

 
888

 
54

 
259

 
2,023

 
13,433

Total noninterest expense
41,373

 
9,701

 
207

 
1,205

 
3,253

 
55,739

Income before income tax expense
21,890

 
6,475

 
1,309

 
1,347

 
2,381

 
33,402

Income tax expense
6,095

 
2,361

 
472

 
472

 
915

 
10,315

Net income
$
15,795

 
$
4,114

 
$
837

 
$
875

 
$
1,466

 
$
23,087

 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
6,186,980

 
$
475,599

 
$
174,149

 
$
80,909

 
$
480,221

 
$
7,397,858

Goodwill
125,532

 

 

 

 

 
125,532

Other intangible assets, net
15,378

 

 

 

 

 
15,378

 
The following tables present selected financial information with respect to the Company’s reportable business segments for the six months ended June 30, 2018 and 2017:
 
Six Months Ended
June 30, 2018
(dollars in thousands)
Banking
Division
 
Retail
Mortgage
Division
 
Warehouse
Lending
Division
 
SBA
Division
 
Premium
 Finance
 Division
 
Total
Interest income
$
129,294

 
$
14,795

 
$
6,393

 
$
3,338

 
$
15,638

 
$
169,458

Interest expense
12,176

 
4,752

 
2,212

 
1,094

 
4,424

 
24,658

Net interest income
117,118

 
10,043

 
4,181

 
2,244

 
11,214

 
144,800

Provision for loan losses
1,654

 
463

 

 
984

 
7,810

 
10,911

Noninterest income
26,386

 
25,474

 
1,132

 
2,719

 
2,060

 
57,771

Noninterest expense
 
 
 
 
 
 
 
 
 
 
 
Salaries and employee benefits
48,714

 
18,606

 
266

 
1,476

 
2,803

 
71,865

Equipment and occupancy expenses
11,161

 
1,138

 

 
113

 
176

 
12,588

Data processing and telecommunications expenses
11,915

 
772

 
63

 
18

 
806

 
13,574

Other expenses
41,017

 
3,509

 
107

 
526

 
2,298

 
47,457

Total noninterest expense
112,807

 
24,025

 
436

 
2,133

 
6,083

 
145,484

Income before income tax expense
29,043

 
11,029

 
4,877

 
1,846

 
(619
)
 
46,176

Income tax expense
6,958

 
2,319

 
1,024

 
388

 
(560
)
 
10,129

Net income
$
22,085

 
$
8,710

 
$
3,853

 
$
1,458

 
$
(59
)
 
$
36,047


 
Six Months Ended
June 30, 2017
(dollars in thousands)
Banking
Division
 
Retail
Mortgage
Division
 
Warehouse
Lending
Division
 
SBA
Division
 
Premium
 Finance
 Division
 
Total
Interest income
$
110,906

 
$
9,028

 
$
2,946

 
$
2,471

 
$
13,110

 
$
138,461

Interest expense
8,980

 
2,582

 
587

 
679

 
1,886

 
14,714

Net interest income
101,926

 
6,446

 
2,359

 
1,792

 
11,224

 
123,747

Provision for loan losses
3,473

 
355

 
(56
)
 
99

 
170

 
4,041

Noninterest income
25,967

 
23,566

 
757

 
3,533

 
72

 
53,895

Noninterest expense
 

 
 

 
 

 
 

 
 

 
 

Salaries and employee benefits
38,203

 
14,979

 
274

 
1,481

 
1,989

 
56,926

Equipment and occupancy expenses
10,684

 
1,129

 
2

 
105

 
103

 
12,023

Data processing and telecommunications expenses
12,421

 
757

 
52

 
3

 
367

 
13,600

Other expenses
19,450

 
2,029

 
86

 
470

 
4,248

 
26,283

Total noninterest expense
80,758

 
18,894

 
414

 
2,059

 
6,707

 
108,832

Income before income tax expense
43,662

 
10,763

 
2,758

 
3,167

 
4,419

 
64,769

Income tax expense
12,951

 
3,862

 
979

 
1,109

 
1,628

 
20,529

Net income
$
30,711

 
$
6,901

 
$
1,779

 
$
2,058

 
$
2,791

 
$
44,240