XML 57 R26.htm IDEA: XBRL DOCUMENT v3.20.1
DISCONTINUED OPERATIONS (Tables)
3 Months Ended
Mar. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Discontinued Operations
The following presents operating results of the discontinued operations of FCLS for the three months ended March 31, 2020 and March 31, 2019:
 
 
Three Months Ended March 31,
(in thousands)
 
2020
 
2019
Interest income
 
$
729

 
$
1,044

Interest expense
 
282

 
584

Net interest income
 
447

 
460

Non-interest income
 
1,358

 
8,813

Total net revenue
 
1,805

 
9,273

Non-interest expense
 
12,434

 
10,127

(Loss) from discontinued operations before income taxes
 
(10,629
)
 
(854
)
Income tax expense
 
(2,831
)
 
(217
)
Net (loss) from discontinued operations
 
$
(7,798
)
 
$
(637
)

The following is a summary of the assets and liabilities of the discontinued operations of FCLS at March 31, 2020 and December 31, 2019:
(in thousands)
 
March 31, 2020
 
December 31, 2019
Assets
 
 
 
 
Loans held for sale, at fair value
 
$
125,723

 
$
132,655

Premises and equipment, net
 
682

 
1,073

Mortgage servicing rights, at fair value
 
8,518

 
12,299

Mortgage banking derivatives
 
(332
)
 
2,329

Right-of-use asset
 
2,743

 
3,462

Other assets
 
2,730

 
2,314

Total assets
 
$
140,064

 
$
154,132

Liabilities
 
 
 
 
Customer payments in process
 
$
21,241

 
$
15,372

Lease liability
 
2,767

 
3,494

Other liabilities
 
6,546

 
7,615

Total liabilities
 
$
30,554

 
$
26,481