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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income        
Loans, including fees $ 49,454 $ 41,577 $ 97,358 $ 80,893
Investment securities:        
Taxable interest 7,201 10,188 16,009 20,683
Tax-exempt interest 25 27 53 59
Interest earning deposits 300 107 483 1,730
Total interest income 56,980 51,899 113,903 103,365
Interest expense        
Deposits 1,519 1,510 3,285 9,738
Short-term borrowings   15 8 180
Senior debt 1,280   2,559  
Subordinated debentures 112 128 225 290
Total interest expense 2,911 1,653 6,077 10,208
Net interest income 54,069 50,246 107,826 93,157
Provision for credit losses (951) 922 (129) 4,501
Net interest income after provision for credit losses 55,020 49,324 107,955 88,656
Non-interest income        
Net realized and unrealized gains (losses) on commercial loans, at fair value 2,579 (940) 4,575 (6,096)
Change in value of investment in unconsolidated entity       (45)
Leasing related income 1,767 443 2,732 1,276
Other 164 483 273 1,064
Total non-interest income 25,861 20,366 49,935 36,965
Non-interest expense        
Salaries and employee benefits 27,087 25,492 52,745 48,233
Depreciation and amortization 706 828 1,415 1,672
Rent and related occupancy cost 1,271 1,396 2,521 2,815
Data processing expense 1,146 1,177 2,272 2,346
Printing and supplies 130 168 196 326
Audit expense 391 407 754 808
Legal expense 2,044 2,229 4,098 3,142
Amortization of intangible assets 100 147 199 294
FDIC insurance 2,589 2,918 4,969 5,507
Software 3,706 3,386 7,390 6,863
Insurance 1,026 695 1,771 1,318
Telecom and IT network communications 409 402 814 794
Consulting 240 346 504 601
Other 3,038 3,029 6,118 6,319
Total non-interest expense 43,883 42,620 85,766 81,038
Income from continuing operations before income taxes 36,998 27,070 72,124 44,583
Income tax expense 7,840 6,787 16,906 11,139
Net income from continuing operations 29,158 20,283 55,218 33,444
Discontinued operations        
Income (loss) from discontinued operations before income taxes 361 (274) 237 (1,049)
Income tax expense (benefit) 84 (59) 55 (264)
Income (loss) from discontinued operations, net of tax 277 (215) 182 (785)
Net income $ 29,435 $ 20,068 $ 55,400 $ 32,659
Net income per share from continuing operations - basic $ 0.51 $ 0.35 $ 0.96 $ 0.58
Net income (loss) per share from discontinued operations - basic     0.01 (0.01)
Net income per share - basic 0.51 0.35 0.97 0.57
Net income per share from continuing operations - diluted 0.49 0.35 0.93 0.58
Net income (loss) per share from discontinued operations - diluted     0.01 (0.01)
Net income per share - diluted $ 0.50 $ 0.35 $ 0.94 $ 0.57
ACH, Card And Other Payment Processing Fees [Member]        
Non-interest income        
Non-interest income $ 1,904 $ 1,707 $ 3,700 $ 3,553
Prepaid, Debit Card And Related Fees [Member]        
Non-interest income        
Non-interest income $ 19,447 $ 18,673 $ 38,655 $ 37,213