Supplemental Financial Information |
Condensed Statements of Operations | | | | | | | | | | | | | | | | | | | Year ended December 31, | ($ in thousands) | 2021 | | 2020 | | 2019 | Income: | | | | | | Dividends from Bank | $ | 95,000 | | | $ | 37,000 | | | $ | 60,000 | | Dividends from nonbank subsidiaries | 2,000 | | | 1,400 | | | 1,500 | | Other | 3,600 | | | 483 | | | 663 | | Total income | 100,600 | | | 38,883 | | | 62,163 | | | | | | | | Expenses: | | | | | | Interest expense | 11,406 | | | 10,590 | | | 8,689 | | | | | | | | Other expenses | 11,037 | | | 6,946 | | | 6,936 | | Total expenses | 22,443 | | | 17,536 | | | 15,625 | | | | | | | | Income before taxes and equity in undistributed earnings of subsidiaries | 78,157 | | | 21,347 | | | 46,538 | | | | | | | | Income tax benefit | 3,710 | | | 3,448 | | | 3,478 | | | | | | | | Net income before equity in undistributed earnings of subsidiaries | 81,867 | | | 24,795 | | | 50,016 | | | | | | | | Equity in undistributed earnings of subsidiaries | 51,188 | | | 49,589 | | | 42,723 | | Net income | $ | 133,055 | | | $ | 74,384 | | | $ | 92,739 | |
The following table presents miscellaneous income and other expense components that exceed one percent of the aggregate of total interest income and other income in one or more of the periods indicated:
| | | | | | | | | | | | | | | | | | | Year ended December 31, | ($ in thousands) | 2021 | | 2020 | | 2019 | Miscellaneous income: | | | | | | Community development fees | $ | 5,491 | | | $ | 3,353 | | | $ | 889 | | Other miscellaneous income | 16,657 | | | 13,609 | | | 11,007 | | Total miscellaneous income | $ | 22,148 | | | $ | 16,962 | | | $ | 11,896 | | | | | | | | Other expense: | | | | | | Amortization expense | $ | 5,691 | | | $ | 5,673 | | | $ | 5,543 | | Banking expenses | 6,123 | | | 4,921 | | | 5,258 | | Customer analysis expense | 12,104 | | | 1,246 | | | — | | FDIC and other insurance | 5,789 | | | 3,897 | | | 2,380 | | Loan, legal expenses | 7,130 | | | 4,003 | | | 3,526 | | Meals and entertainment | 1,253 | | | 742 | | | 3,670 | | Outside services | 4,992 | | | 4,961 | | | 4,335 | | Other expenses | 19,593 | | | 18,807 | | | 17,119 | | Total other noninterest expenses | $ | 62,675 | | | $ | 44,250 | | | $ | 41,831 | |
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