Sale of Subsidiary (Tables)

9 Months Ended

Sep. 30, 2019

Sale of Subsidiary [Abstract]

Net gain on disposal of discontinued operations

($ in thousands)	Year Ended December 31, 2018
Proceeds from the transaction	$	29,276
Compensation expense related to the transaction		2,588
Broker fees		935
Other transaction costs		594
Net cash proceeds		25,159
Net assets sold		(12,423)
Net gain on disposal	$	12,736

Financial information of discontinued operations

The following tables present the financial information of discontinued operations as of the dates and for the periods indicated:

	September 30,		December 31,
($ in thousands)	2019		2018
ASSETS
Goodwill	$	—	$	8
Other assets		—		625
Assets of discontinued operations	$	—	$	633
LIABILITIES
Accrued expenses and other liabilities	$	—	$	3,323
Liabilities of discontinued operations	$	—	$	3,323

	For Three Months Ended				For Nine Months Ended
	September 30,				September 30,
($ in thousands)	2019		2018		2019		2018
Noninterest income
Insurance agency commissions	$	—	$	2,170	$	—	$	7,015
All other income		—		76		15		264
Total noninterest income		—		2,246		15		7,279
Noninterest expense
Salaries and wages		—		1,307		28		3,836
Employee benefits		—		288		7		953
Occupancy expense		—		121		14		330
Furniture and equipment		—		38		1		98
Amortization of intangible assets		—		12		—		35
Legal and professional fees		2		20		73		54
Other noninterest expenses		8		191		5		656
Total noninterest expense		10		1,977		128		5,962
(Loss) income from discontinued operations before income taxes		(10)		269		(113)		1,317
Income tax (benefit) expense		(2)		71		(27)		324
(Loss) income from discontinued operations	$	(8)	$	198	$	(86)	$	993