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Business Segment Information (Tables)
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

Asset

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2015

 

Factoring

 

 

Banking

 

 

Management

 

 

Corporate

 

 

Consolidated

 

Total interest income

 

$

8,275

 

 

$

18,189

 

 

$

5

 

 

$

128

 

 

$

26,597

 

Intersegment interest allocations

 

 

(1,017

)

 

 

1,017

 

 

 

 

 

 

 

 

 

 

Total interest expense

 

 

 

 

 

1,674

 

 

 

 

 

 

278

 

 

 

1,952

 

Net interest income (expense)

 

 

7,258

 

 

 

17,532

 

 

 

5

 

 

 

(150

)

 

 

24,645

 

Provision for loan losses

 

 

477

 

 

 

1,971

 

 

 

 

 

 

93

 

 

 

2,541

 

Net interest income after provision

 

 

6,781

 

 

 

15,561

 

 

 

5

 

 

 

(243

)

 

 

22,104

 

Other noninterest income

 

 

450

 

 

 

2,708

 

 

 

1,352

 

 

 

259

 

 

 

4,769

 

Noninterest expense

 

 

4,450

 

 

 

12,707

 

 

 

809

 

 

 

1,669

 

 

 

19,635

 

Operating income (loss)

 

$

2,781

 

 

$

5,562

 

 

$

548

 

 

$

(1,653

)

 

$

7,238

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

189,755

 

 

$

1,251,704

 

 

$

13,812

 

 

$

73,988

 

 

$

1,529,259

 

Gross loans

 

$

176,154

 

 

$

957,888

 

 

$

42

 

 

$

18,595

 

 

$

1,152,679

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

Asset

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2014

 

Factoring

 

 

Banking

 

 

Management

 

 

Corporate

 

 

Consolidated

 

Total interest income

 

$

6,637

 

 

$

14,804

 

 

$

 

 

$

12

 

 

$

21,453

 

Intersegment interest allocations

 

 

(701

)

 

 

701

 

 

 

 

 

 

 

 

 

 

Total interest expense

 

 

 

 

 

1,164

 

 

 

 

 

 

408

 

 

 

1,572

 

Net interest income (expense)

 

 

5,936

 

 

 

14,341

 

 

 

 

 

 

(396

)

 

 

19,881

 

Provision for loan losses

 

 

512

 

 

 

1,235

 

 

 

 

 

 

 

 

 

1,747

 

Net interest income after provision

 

 

5,424

 

 

 

13,106

 

 

 

 

 

 

(396

)

 

 

18,134

 

Noninterest income

 

 

404

 

 

 

1,945

 

 

 

129

 

 

 

155

 

 

 

2,633

 

Noninterest expense

 

 

3,509

 

 

 

11,025

 

 

 

720

 

 

 

906

 

 

 

16,160

 

Operating income (loss)

 

$

2,319

 

 

$

4,026

 

 

$

(591

)

 

$

(1,147

)

 

$

4,607

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

159,246

 

 

$

1,223,317

 

 

$

252

 

 

$

24,257

 

 

$

1,407,072

 

Gross loans

 

$

146,370

 

 

$

793,147

 

 

$

 

 

$

 

 

$

939,517

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

Asset

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2015

 

Factoring

 

 

Banking

 

 

Management

 

 

Corporate

 

 

Consolidated

 

Total interest income

 

$

15,503

 

 

$

32,424

 

 

$

65

 

 

$

184

 

 

$

48,176

 

Intersegment interest allocations

 

 

(1,926

)

 

 

1,926

 

 

 

 

 

 

 

 

 

 

Total interest expense

 

 

 

 

 

3,246

 

 

 

10

 

 

 

550

 

 

 

3,806

 

Net interest income (expense)

 

 

13,577

 

 

 

31,104

 

 

 

55

 

 

 

(366

)

 

 

44,370

 

Provision for loan losses

 

 

368

 

 

 

2,725

 

 

 

 

 

 

93

 

 

 

3,186

 

Net interest income after provision

 

 

13,209

 

 

 

28,379

 

 

 

55

 

 

 

(459

)

 

 

41,184

 

Bargain purchase gain

 

 

 

 

 

 

 

 

12,509

 

 

 

 

 

 

12,509

 

Other noninterest income

 

 

781

 

 

 

5,293

 

 

 

2,309

 

 

 

536

 

 

 

8,919

 

Noninterest expense

 

 

8,762

 

 

 

25,107

 

 

 

3,435

 

 

 

3,114

 

 

 

40,418

 

Operating income (loss)

 

$

5,228

 

 

$

8,565

 

 

$

11,438

 

 

$

(3,037

)

 

$

22,194

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

189,755

 

 

$

1,251,704

 

 

$

13,812

 

 

$

73,988

 

 

$

1,529,259

 

Gross loans

 

$

176,154

 

 

$

957,888

 

 

$

42

 

 

$

18,595

 

 

$

1,152,679

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

Asset

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2014

 

Factoring

 

 

Banking

 

 

Management

 

 

Corporate

 

 

Consolidated

 

Total interest income

 

$

11,742

 

 

$

30,063

 

 

$

 

 

$

26

 

 

$

41,831

 

Intersegment interest allocations

 

 

(1,272

)

 

 

1,272

 

 

 

 

 

 

 

 

 

 

Total interest expense

 

 

 

 

 

2,278

 

 

 

 

 

 

818

 

 

 

3,096

 

Net interest income

 

 

10,470

 

 

 

29,057

 

 

 

 

 

 

(792

)

 

 

38,735

 

Provision for loan losses

 

 

902

 

 

 

1,770

 

 

 

 

 

 

 

 

 

2,672

 

Net interest income after provision

 

 

9,568

 

 

 

27,287

 

 

 

 

 

 

(792

)

 

 

36,063

 

Noninterest income

 

 

787

 

 

 

3,912

 

 

 

129

 

 

 

415

 

 

 

5,243

 

Noninterest expense

 

 

6,445

 

 

 

21,890

 

 

 

1,074

 

 

 

1,647

 

 

 

31,056

 

Operating income (loss)

 

$

3,910

 

 

$

9,309

 

 

$

(945

)

 

$

(2,024

)

 

$

10,250

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

159,246

 

 

$

1,223,317

 

 

$

252

 

 

$

24,257

 

 

$

1,407,072

 

Gross loans

 

$

146,370

 

 

$

793,147

 

 

$

 

 

$

 

 

$

939,517