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Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2015
Business Segment Reporting  
Schedule of impaired loans held-for-investment and the impaired loans held for investment carried at fair value

 

                                                                                                                                                                                    

 

 

For the Twelve Months Ended
Deember 31, 2015

 

 

 

Banking(1)

 

Factoring

 

Consolidated

 

 

 

(Dollars in thousands)

 

Interest income

 

$

66,306

 

$

12,437

 

$

78,743

 

Intersegment interest allocations

 

 

1,087

 

 

(1,087

)

 

 

Total interest expense

 

 

2,422

 

 

 

 

2,422

 

​  

​  

​  

​  

​  

​  

Net interest income

 

 

64,971

 

 

11,350

 

 

76,321

 

Provision (credit) for loan losses

 

 

(156

)

 

188

 

 

32

 

​  

​  

​  

​  

​  

​  

Net interest income after provision

 

 

65,127

 

 

11,162

 

 

76,289

 

Noninterest income

 

 

8,234

 

 

751

 

 

8,985

 

Noninterest expense

 

 

51,438

 

 

7,235

 

 

58,673

 

Intersegment expense allocations

 

 

386

 

 

(386

)

 

 

​  

​  

​  

​  

​  

​  

Income before income taxes

 

 

22,309

 

 

4,292

 

 

26,601

 

Income tax expense

 

 

8,301

 

 

1,803

 

 

10,104

 

​  

​  

​  

​  

​  

​  

Net income

 

$

14,008

 

$

2,489

 

$

16,497

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total assets

 

$

2,306,543

 

$

55,036

 

$

2,361,579

 

Loans, net of deferred fees

 

$

1,318,657

 

$

40,059

 

$

1,358,716

 

Goodwill

 

$

32,620

 

$

13,044

 

$

45,664

 


 

(1)Includes the holding company's results of operations

 

                                                                                                                                                                                    

 

 

For the Twelve Months Ended
Deember 31, 2014

 

 

 

Banking(1)

 

Factoring(2)

 

Consolidated

 

 

 

(Dollars in thousands)

 

Interest income

 

$

57,178

 

$

2,078

 

$

59,256

 

Intersegment interest allocations

 

 

31

 

 

(31

)

 

 

Total interest expense

 

 

2,033

 

 

120

 

 

2,153

 

​  

​  

​  

​  

​  

​  

Net interest income

 

 

55,176

 

 

1,927

 

 

57,103

 

Provision (credit) for loan losses

 

 

(338

)

 

 

 

(338

)

​  

​  

​  

​  

​  

​  

Net interest income after provision

 

 

55,514

 

 

1,927

 

 

57,441

 

Noninterest income

 

 

7,662

 

 

84

 

 

7,746

 

Noninterest expense

 

 

43,132

 

 

1,090

 

 

44,222

 

​  

​  

​  

​  

​  

​  

Income before income taxes

 

 

20,044

 

 

921

 

 

20,965

 

Income tax expense

 

 

7,151

 

 

387

 

 

7,538

 

​  

​  

​  

​  

​  

​  

Net income

 

$

12,893

 

$

534

 

$

13,427

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total assets

 

$

1,561,911

 

$

55,192

 

$

1,617,103

 

Loans, net of deferred fees

 

$

1,048,631

 

$

40,012

 

$

1,088,643

 

Goodwill

 

$

 

$

13,044

 

$

13,044

 


(1)Includes the holding company's results of operations

(2)Includes two months of Bay View Funding's results of operations