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Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2016
Business Segment Reporting  
Schedule of information by operating segment

 

                                                                                                                                                                                    

 

 

For the Theee Months Ended
March 31, 2016

 

 

 

Banking(1)

 

Factoring

 

Consolidated

 

 

 

(Dollars in thousands)

 

Interest income

 

$

20,208

 

$

2,854

 

$

23,062

 

Intersegment interest allocations

 

 

245

 

 

(245

)

 

 

Total interest expense

 

 

758

 

 

 

 

758

 

​  

​  

​  

​  

​  

​  

Net interest income

 

 

19,695

 

 

2,609

 

 

22,304

 

Provision for loan losses

 

 

387

 

 

14

 

 

401

 

​  

​  

​  

​  

​  

​  

Net interest income after provision

 

 

19,308

 

 

2,595

 

 

21,903

 

Noninterest income

 

 

2,412

 

 

202

 

 

2,614

 

Noninterest expense

 

 

13,052

 

 

1,633

 

 

14,685

 

Intersegment expense allocations

 

 

175

 

 

(175

)

 

 

​  

​  

​  

​  

​  

​  

Income before income taxes

 

 

8,843

 

 

989

 

 

9,832

 

Income tax expense

 

 

3,310

 

 

416

 

 

3,726

 

​  

​  

​  

​  

​  

​  

Net income

 

$

5,533

 

$

573

 

$

6,106

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total assets

 


$

2,271,411

 


$

55,922

 


$

2,327,333

 

Loans, net of deferred fees

 

$

1,353,315

 

$

41,949

 

$

1,395,264

 

Goodwill

 

$

32,620

 

$

13,044

 

$

45,664

 


 

 

(1)          

Includes the holding company's results of operations

                                                                                                                                                                                    

 

 

For the Three Months Ended
March 31, 2015

 

 

 

Banking(1)

 

Factoring

 

Consolidated

 

 

 

(Dollars in thousands)

 

Interest income

 

$

14,304

 

$

3,062

 

$

17,366

 

Intersegment interest allocations

 

 

268

 

 

(268

)

 

 

Total interest expense

 

 

508

 

 

 

 

508

 

​  

​  

​  

​  

​  

​  

Net interest income

 

 

14,064

 

 

2,794

 

 

16,858

 

Provision (credit) for loan losses

 

 

(58

)

 

(2

)

 

(60

)

​  

​  

​  

​  

​  

​  

Net interest income after provision

 

 

14,122

 

 

2,796

 

 

16,918

 

Noninterest income

 

 

1,792

 

 

134

 

 

1,926

 

Noninterest expense

 

 

10,506

 

 

1,770

 

 

12,276

 

Intersegment expense allocations

 

 

75

 

 

(75

)

 

 

​  

​  

​  

​  

​  

​  

Income before income taxes

 

 

5,483

 

 

1,085

 

 

6,568

 

Income tax expense

 

 

1,974

 

 

456

 

 

2,430

 

​  

​  

​  

​  

​  

​  

Net income

 

$

3,509

 

$

629

 

$

4,138

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total assets

 


$

1,593,176

 


$

59,711

 


$

1,652,887

 

Loans, net of deferred fees

 

$

1,057,437

 

$

44,554

 

$

1,101,991

 

Goodwill

 

$

 

$

13,054

 

$

13,054

 


 

 

(1)          

Includes the holding company's results of operations