SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2021

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 and six months ended June 30, 2021 and 2020:


	Three Months Ended June 30, 2021
(dollars in thousands)	Banking Division		Retail Mortgage Division		Warehouse Lending Division		SBA Division		Premium Finance Division		Total
Interest income	$	109,260	$	34,085	$	8,988	$	14,050	$	7,368	$	173,751
Interest expense	(1,410)		11,552		268		1,168		321		11,899
Net interest income	110,670		22,533		8,720		12,882		7,047		161,852
Provision for credit losses	(3,949)		5,647		(155)		(607)		(794)		142
Noninterest income	16,171		69,055		1,333		2,677		4		89,240
Noninterest expense
Salaries and employee benefits	37,814		44,798		278		937		1,678		85,505
Occupancy and equipment	9,050		1,553		1		132		76		10,812
Data processing and communications expenses	10,280		1,435		68		—		94		11,877
Other expenses	18,763		7,638		30		284		852		27,567
Total noninterest expense	75,907		55,424		377		1,353		2,700		135,761
Income before income tax expense	54,883		30,517		9,831		14,813		5,145		115,189
Income tax expense	14,196		6,408		2,064		3,111		1,083		26,862
Net income	$	40,687	$	24,109	$	7,767	$	11,702	$	4,062	$	88,327

Total assets	$	15,561,628	$	3,917,275	$	779,234	$	748,234	$	880,560	$	21,886,931
Goodwill	863,507		—		—		—		64,498		928,005
Other intangible assets, net	50,418		—		—		—		13,365		63,783


	Three Months Ended June 30, 2020
(dollars in thousands)	Banking Division		Retail Mortgage Division		Warehouse Lending Division		SBA Division		Premium Finance Division		Total
Interest income	$	128,653	$	34,714	$	5,285	$	8,757	$	7,609	$	185,018
Interest expense	8,323		10,412		259		1,723		487		21,204
Net interest income	120,330		24,302		5,026		7,034		7,122		163,814
Provision for credit losses	86,805		423		403		2,322		(1,792)		88,161
Noninterest income	14,468		104,195		727		1,570		—		120,960
Noninterest expense
Salaries and employee benefits	40,423		50,003		209		2,612		1,921		95,168
Occupancy and equipment	11,679		1,953		1		97		77		13,807
Data processing and communications expenses	8,919		1,406		55		15		119		10,514
Other expenses	27,997		6,949		88		359		886		36,279
Total noninterest expense	89,018		60,311		353		3,083		3,003		155,768
Income (loss) before income tax expense	(41,025)		67,763		4,997		3,199		5,911		40,845
Income tax expense (benefit)	(8,582)		14,231		1,049		671		1,240		8,609
Net income (loss)	$	(32,443)	$	53,532	$	3,948	$	2,528	$	4,671	$	32,236

Total assets	$	13,121,679	$	3,905,683	$	753,668	$	1,310,077	$	781,522	$	19,872,629
Goodwill	863,507		—		—		—		64,498		928,005
Other intangible assets, net	64,007		—		—		—		16,347		80,354


	Six Months Ended June 30, 2021
(dollars in thousands)	Banking Division		Retail Mortgage Division		Warehouse Lending Division		SBA Division		Premium Finance Division		Total
Interest income	$	221,639	$	64,284	$	19,315	$	32,084	$	14,379	$	351,701
Interest expense	(1,847)		22,767		689		2,567		696		24,872
Net interest income	223,486		41,517		18,626		29,517		13,683		326,829
Provision for credit losses	(27,853)		1,094		(300)		(1,154)		(236)		(28,449)
Noninterest income	32,909		166,695		2,313		5,288		8		207,213
Noninterest expense
Salaries and employee benefits	80,537		94,636		608		2,319		3,390		181,490
Occupancy and equipment	19,170		3,029		2		238		154		22,593
Data processing and communications expenses	20,481		2,981		117		1		181		23,761
Other expenses	38,473		15,827		63		579		1,773		56,715
Total noninterest expense	158,661		116,473		790		3,137		5,498		284,559
Income before income tax expense	125,587		90,645		20,449		32,822		8,429		277,932
Income tax expense	32,652		19,035		4,294		6,893		1,769		64,643
Net income	$	92,935	$	71,610	$	16,155	$	25,929	$	6,660	$	213,289


	Six Months Ended June 30, 2020
(dollars in thousands)	Banking Division		Retail Mortgage Division		Warehouse Lending Division		SBA Division		Premium Finance Division		Total
Interest income	$	260,954	$	68,125	$	10,135	$	12,485	$	16,087	$	367,786
Interest expense	22,249		26,067		1,807		3,270		2,634		56,027
Net interest income	238,705		42,058		8,328		9,215		13,453		311,759
Provision for credit losses	122,802		2,420		394		1,419		2,173		129,208
Noninterest income	32,241		138,564		1,687		2,847		—		175,339
Noninterest expense
Salaries and employee benefits	82,044		81,100		419		4,088		3,463		171,114
Occupancy and equipment	22,026		3,457		2		194		156		25,835
Data processing and communications expenses	19,716		2,392		96		28		236		22,468
Other expenses	58,642		12,824		122		874		1,942		74,404
Total noninterest expense	182,428		99,773		639		5,184		5,797		293,821
Income (loss) before income tax expense	(34,284)		78,429		8,982		5,459		5,483		64,069
Income tax expense (benefit)	(8,307)		16,639		1,886		1,146		1,147		12,511
Net income (loss)	$	(25,977)	$	61,790	$	7,096	$	4,313	$	4,336	$	51,558