Business Segment Information - Operating Statements (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 22, 2017 |
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Operating Income | ||||||||||||
Interest income | $ 28,152 | $ 27,955 | $ 26,107 | $ 24,697 | $ 23,991 | $ 23,874 | $ 23,504 | $ 23,062 | $ 106,911 | $ 94,431 | $ 78,743 | |
Total interest expense | 1,708 | 1,634 | 1,174 | 871 | 867 | 826 | 760 | 758 | 5,387 | 3,211 | 2,422 | |
Net interest income | 26,444 | 26,321 | 24,933 | 23,826 | 23,124 | 23,048 | 22,744 | 22,304 | 101,524 | 91,220 | 76,321 | |
Provision for loan losses | (291) | 115 | (46) | 321 | 240 | 245 | 351 | 401 | 99 | 1,237 | 32 | |
Net interest income after provision | 26,735 | 26,206 | 24,979 | 23,505 | 22,884 | 22,803 | 22,393 | 21,903 | 101,425 | 89,983 | 76,289 | |
Noninterest income | 2,564 | 2,460 | 2,293 | 2,295 | 3,039 | 2,312 | 3,660 | 2,614 | 9,612 | 11,625 | 8,985 | |
Noninterest expense | 15,322 | 14,834 | 15,254 | 15,328 | 14,277 | 14,296 | 14,381 | 14,685 | 60,738 | 57,639 | 58,673 | |
Income before income taxes | 13,977 | 13,832 | 12,018 | 10,472 | 11,646 | 10,819 | 11,672 | 9,832 | 50,299 | 43,969 | 26,601 | |
Income tax expense | 12,719 | 5,249 | 4,569 | 3,934 | 4,431 | 4,054 | 4,377 | 3,726 | 26,471 | 16,588 | 10,104 | |
Net income | 1,258 | $ 8,583 | $ 7,449 | $ 6,538 | 7,215 | $ 6,765 | $ 7,295 | $ 6,106 | 23,828 | 27,381 | 16,497 | |
Total assets | 2,843,452 | 2,570,880 | 2,843,452 | 2,570,880 | 2,361,579 | |||||||
Loans, net of deferred fees | 1,582,667 | 1,502,607 | 1,582,667 | 1,502,607 | 1,358,716 | |||||||
Goodwill | 45,664 | 45,664 | 45,664 | 45,664 | 45,664 | |||||||
Pre-tax acquisition costs | 671 | |||||||||||
Tax Cuts and Jobs Act of 2017 effect on re-measurement of net deferred tax assets | $ 7,103 | 7,103 | 7,103 | |||||||||
Banking | ||||||||||||
Operating Income | ||||||||||||
Interest income | 95,027 | 82,175 | 66,306 | |||||||||
Intersegment interest allocations | 1,126 | 1,163 | 1,087 | |||||||||
Total interest expense | 5,387 | 3,211 | 2,422 | |||||||||
Net interest income | 90,766 | 80,127 | 64,971 | |||||||||
Provision for loan losses | 102 | 1,181 | (156) | |||||||||
Net interest income after provision | 90,664 | 78,946 | 65,127 | |||||||||
Noninterest income | 8,559 | 10,821 | 8,234 | |||||||||
Noninterest expense | 53,860 | 50,298 | 51,438 | |||||||||
Intersegment expense allocations | 528 | 804 | 386 | |||||||||
Income before income taxes | 45,891 | 40,273 | 22,309 | |||||||||
Income tax expense | 24,266 | 15,036 | 8,301 | |||||||||
Net income | 21,625 | 25,237 | 14,008 | |||||||||
Total assets | 2,780,286 | 2,507,121 | 2,780,286 | 2,507,121 | 2,306,543 | |||||||
Loans, net of deferred fees | 1,533,841 | 1,452,991 | 1,533,841 | 1,452,991 | 1,318,657 | |||||||
Goodwill | 32,620 | 32,620 | 32,620 | 32,620 | 32,620 | |||||||
Pre-tax acquisition costs | 671 | |||||||||||
Tax Cuts and Jobs Act of 2017 effect on re-measurement of net deferred tax assets | 6,749 | |||||||||||
Factoring | ||||||||||||
Operating Income | ||||||||||||
Interest income | 11,884 | 12,256 | 12,437 | |||||||||
Intersegment interest allocations | (1,126) | (1,163) | (1,087) | |||||||||
Net interest income | 10,758 | 11,093 | 11,350 | |||||||||
Provision for loan losses | (3) | 56 | 188 | |||||||||
Net interest income after provision | 10,761 | 11,037 | 11,162 | |||||||||
Noninterest income | 1,053 | 804 | 751 | |||||||||
Noninterest expense | 6,878 | 7,341 | 7,235 | |||||||||
Intersegment expense allocations | (528) | (804) | (386) | |||||||||
Income before income taxes | 4,408 | 3,696 | 4,292 | |||||||||
Income tax expense | 2,205 | 1,552 | 1,803 | |||||||||
Net income | 2,203 | 2,144 | 2,489 | |||||||||
Total assets | 63,166 | 63,759 | 63,166 | 63,759 | 55,036 | |||||||
Loans, net of deferred fees | 48,826 | 49,616 | 48,826 | 49,616 | 40,059 | |||||||
Goodwill | 13,044 | 13,044 | 13,044 | 13,044 | 13,044 | |||||||
Tax Cuts and Jobs Act of 2017 effect on re-measurement of net deferred tax assets | 354 | |||||||||||
HCC (Parent) | ||||||||||||
Operating Income | ||||||||||||
Total interest expense | 1,394 | 11 | 18 | |||||||||
Income before income taxes | 12,450 | 15,421 | (2,723) | |||||||||
Income tax expense | (1,300) | (1,063) | (1,139) | |||||||||
Net income | 23,828 | 27,381 | 16,497 | |||||||||
Total assets | $ 310,626 | $ 259,850 | $ 310,626 | $ 259,850 | ||||||||
Focus Business Bank | ||||||||||||
Operating Income | ||||||||||||
Pre-tax acquisition costs | $ 6,398 |