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SEGMENT REPORTING (Tables)
9 Months Ended
Sep. 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 September 30, 2018 and 2017:
 
Three Months Ended
September 30, 2018
(dollars in thousands)
Banking
Division
 
Retail
Mortgage
Division
 
Warehouse
Lending
Division
 
SBA
Division
 
Premium
 Finance
 Division
 
Total
Interest income
$
97,282

 
$
9,347

 
$
4,035

 
$
2,090

 
$
8,365

 
$
121,119

Interest expense
13,241

 
3,803

 
1,566

 
631

 
2,840

 
22,081

Net interest income
84,041

 
5,544

 
2,469

 
1,459

 
5,525

 
99,038

Provision for loan losses
1,229

 
122

 

 
41

 
703

 
2,095

Noninterest income
16,524

 
12,097

 
503

 
1,045

 
2

 
30,171

Noninterest expense
 

 
 

 
 

 
 

 
 

 
 

Salaries and employee benefits
26,120

 
10,061

 
136

 
682

 
1,447

 
38,446

Equipment and occupancy expenses
7,871

 
618

 
2

 
58

 
49

 
8,598

Data processing and telecommunications expenses
7,589

 
347

 
30

 
1

 
551

 
8,518

Other expenses
13,461

 
1,828

 
69

 
210

 
1,223

 
16,791

Total noninterest expense
55,041

 
12,854

 
237

 
951

 
3,270

 
72,353

Income before income tax expense
44,295

 
4,665

 
2,735

 
1,512

 
1,554

 
54,761

Income tax expense
11,156

 
943

 
574

 
317

 
327

 
13,317

Net income
$
33,139

 
$
3,722

 
$
2,161

 
$
1,195

 
$
1,227

 
$
41,444

 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
9,616,931

 
$
789,402

 
$
297,979

 
$
134,172

 
$
590,510

 
$
11,428,994

Goodwill
440,147

 

 

 

 
65,457

 
505,604

Other intangible assets, net
33,125

 

 

 

 
21,604

 
54,729

 
Three Months Ended
September 30, 2017
(dollars in thousands)
Banking
Division
 
Retail
Mortgage
Division
 
Warehouse
Lending
Division
 
SBA
Division
 
Premium
 Finance
 Division
 
Total
Interest income
$
59,130

 
$
5,862

 
$
2,022

 
$
1,413

 
$
7,895

 
$
76,322

Interest expense
5,530

 
1,597

 
487

 
432

 
1,421

 
9,467

Net interest income
53,600

 
4,265

 
1,535

 
981

 
6,474

 
66,855

Provision for loan losses
1,037

 
262

 
215

 
(1
)
 
274

 
1,787

Noninterest income
13,007

 
12,257

 
583

 
1,130

 
22

 
26,999

Noninterest expense
 

 
 

 
 

 
 

 
 

 
 

Salaries and employee benefits
20,554

 
9,792

 
129

 
858

 
1,250

 
32,583

Equipment and occupancy expenses
5,384

 
555

 
1

 
54

 
42

 
6,036

Data processing and telecommunications expenses
6,357

 
425

 
28

 
9

 
231

 
7,050

Other expenses
14,905

 
1,001

 
51

 
63

 
2,078

 
18,098

Total noninterest expense
47,200

 
11,773

 
209

 
984

 
3,601

 
63,767

Income before income tax expense
18,370

 
4,487

 
1,694

 
1,128

 
2,621

 
28,300

Income tax expense
4,850

 
1,475

 
580

 
394

 
843

 
8,142

Net income
$
13,520

 
$
3,012

 
$
1,114

 
$
734

 
$
1,778

 
$
20,158

 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
6,296,159

 
$
531,897

 
$
236,024

 
$
94,531

 
$
491,209

 
$
7,649,820

Goodwill
125,532

 

 

 

 

 
125,532

Other intangible assets, net
14,437

 

 

 

 

 
14,437

 
The following tables present selected financial information with respect to the Company’s reportable business segments for the nine months ended September 30, 2018 and 2017:
 
Nine Months Ended
September 30, 2018
(dollars in thousands)
Banking
Division
 
Retail
Mortgage
Division
 
Warehouse
Lending
Division
 
SBA
Division
 
Premium
 Finance
 Division
 
Total
Interest income
$
226,576

 
$
24,142

 
$
10,428

 
$
5,428

 
$
24,003

 
$
290,577

Interest expense
25,417

 
8,555

 
3,778

 
1,725

 
7,264

 
46,739

Net interest income
201,159

 
15,587

 
6,650

 
3,703

 
16,739

 
243,838

Provision for loan losses
2,883

 
585

 

 
1,025

 
8,513

 
13,006

Noninterest income
42,910

 
37,571

 
1,635

 
3,764

 
2,062

 
87,942

Noninterest expense
 
 
 
 
 
 
 
 
 
 
 
Salaries and employee benefits
74,834

 
28,667

 
402

 
2,158

 
4,250

 
110,311

Equipment and occupancy expenses
19,032

 
1,756

 
2

 
171

 
225

 
21,186

Data processing and telecommunications expenses
19,504

 
1,119

 
93

 
19

 
1,357

 
22,092

Other expenses
54,478

 
5,337

 
176

 
736

 
3,521

 
64,248

Total noninterest expense
167,848

 
36,879

 
673

 
3,084

 
9,353

 
217,837

Income before income tax expense
73,338

 
15,694

 
7,612

 
3,358

 
935

 
100,937

Income tax expense
18,114

 
3,262

 
1,598

 
705

 
(233
)
 
23,446

Net income
$
55,224

 
$
12,432

 
$
6,014

 
$
2,653

 
$
1,168

 
$
77,491


 
Nine Months Ended
September 30, 2017
(dollars in thousands)
Banking
Division
 
Retail
Mortgage
Division
 
Warehouse
Lending
Division
 
SBA
Division
 
Premium
 Finance
 Division
 
Total
Interest income
$
170,036

 
$
14,890

 
$
4,968

 
$
3,884

 
$
21,005

 
$
214,783

Interest expense
14,510

 
4,179

 
1,074

 
1,111

 
3,307

 
24,181

Net interest income
155,526

 
10,711

 
3,894

 
2,773

 
17,698

 
190,602

Provision for loan losses
4,510

 
617

 
159

 
98

 
444

 
5,828

Noninterest income
38,974

 
35,823

 
1,340

 
4,663

 
94

 
80,894

Noninterest expense
 

 
 

 
 

 
 

 
 

 
 

Salaries and employee benefits
58,757

 
24,771

 
403

 
2,339

 
3,239

 
89,509

Equipment and occupancy expenses
16,068

 
1,684

 
3

 
159

 
145

 
18,059

Data processing and telecommunications expenses
18,778

 
1,182

 
80

 
12

 
598

 
20,650

Other expenses
34,355

 
3,030

 
137

 
533

 
6,326

 
44,381

Total noninterest expense
127,958

 
30,667

 
623

 
3,043

 
10,308

 
172,599

Income before income tax expense
62,032

 
15,250

 
4,452

 
4,295

 
7,040

 
93,069

Income tax expense
17,801

 
5,337

 
1,559

 
1,503

 
2,471

 
28,671

Net income
$
44,231

 
$
9,913

 
$
2,893

 
$
2,792

 
$
4,569

 
$
64,398