Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Business Segment Information

Schedule of information by operating segment

	Three Months Ended June 30, 2021
	Banking (1)		Factoring		Consolidated
	(Dollars in thousands)
Interest income	$	33,860	$	2,772	$	36,632
Intersegment interest allocations		202		(202)		—
Total interest expense		1,756		—		1,756
Net interest income		32,306		2,570		34,876
Provision for (recapture of) credit losses on loans		(486)		(7)		(493)
Net interest income after provision		32,792		2,577		35,369
Noninterest income		2,049		120		2,169
Noninterest expense		24,331		1,444		25,775
Intersegment expense allocations		127		(127)		—
Income before income taxes		10,637		1,126		11,763
Income tax expense		2,617		333		2,950
Net income	$	8,020	$	793	$	8,813
Total assets	$	5,003,894	$	68,981	$	5,072,875
Loans, net of deferred fees	$	2,777,685	$	47,111	$	2,824,796
Goodwill	$	154,587	$	13,044	$	167,631

	Three Months Ended June 30, 2020
	Banking (1)		Factoring		Consolidated
	(Dollars in thousands)
Interest income	$	34,570		2,562	$	37,132
Intersegment interest allocations		218		(218)		—
Total interest expense		2,192		—		2,192
Net interest income		32,596		2,344		34,940
Provision for credit losses on loans		1,107		7		1,114
Net interest income after provision		31,489		2,337		33,826
Noninterest income		1,883		195		2,078
Noninterest expense		19,336		1,676		21,012
Intersegment expense allocations		106		(106)		—
Income before income taxes		14,142		750		14,892
Income tax expense		4,052		222		4,274
Net income	$	10,090	$	528	$	10,618
Total assets	$	4,546,199	$	68,202	$	4,614,401
Loans, net of deferred fees	$	2,644,480	$	41,909	$	2,686,389
Goodwill	$	154,587	$	13,044	$	167,631

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

	Six Months Ended June 30, 2021
	Banking (1)		Factoring		Consolidated
	(Dollars in thousands)
Interest income	$	67,971	$	5,422	$	73,393
Intersegment interest allocations		413		(413)		—
Total interest expense		3,559		—		3,559
Net interest income		64,825		5,009		69,834
Provision for (recapture of) credit losses on loans		(1,949)		(56)		(2,005)
Net interest income after provision		66,774		5,065		71,839
Noninterest income		4,209		261		4,470
Noninterest expense		46,228		2,791		49,019
Intersegment expense allocations		233		(233)		—
Income before income taxes		24,988		2,302		27,290
Income tax expense		6,593		680		7,273
Net income	$	18,395	$	1,622	$	20,017
Total assets	$	5,003,894	$	68,981	$	5,072,875
Loans, net of deferred fees	$	2,777,685	$	47,111	$	2,824,796
Goodwill	$	154,587	$	13,044	$	167,631

	Six Months Ended June 30, 2020
	Banking (1)		Factoring		Consolidated
	(Dollars in thousands)
Interest income	$	72,635	$	5,439	$	78,074
Intersegment interest allocations		502		(502)		—
Total interest expense		4,554		—		4,554
Net interest income		68,583		4,937		73,520
Provision for credit losses on loans		13,981		403		14,384
Net interest income after provision		54,602		4,534		59,136
Noninterest income		4,906		365		5,271
Noninterest expense		43,519		3,267		46,786
Intersegment expense allocations		235		(235)		—
Income before income taxes		16,224		1,397		17,621
Income tax expense		4,729		413		5,142
Net income	$	11,495	$	984	$	12,479
Total assets	$	4,546,199	$	68,202	$	4,614,401
Loans, net of deferred fees	$	2,644,480	$	41,909	$	2,686,389
Goodwill	$	154,587	$	13,044	$	167,631

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