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SEGMENT REPORTING (Tables)
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Schedule of Segment Reporting, by Reportable Business Segments
The following tables present selected financial information with respect to the Company’s reportable business segments for the three months ended September 30, 2017 and 2016:
 
Three Months Ended
September 30, 2017
(dollars in thousands)
Banking
Division
 
Retail
Mortgage
Division
 
Warehouse
Lending
Division
 
SBA
Division
 
Premium
 Finance
 Division
 
Total
Interest income
$
59,130

 
$
5,862

 
$
2,022

 
$
1,413

 
$
7,895

 
$
76,322

Interest expense
5,530

 
1,597

 
487

 
432

 
1,421

 
9,467

Net interest income
53,600

 
4,265

 
1,535

 
981

 
6,474

 
66,855

Provision for loan losses
1,037

 
262

 
215

 
(1
)
 
274

 
1,787

Noninterest income
13,007

 
12,257

 
583

 
1,130

 
22

 
26,999

Noninterest expense
 

 
 

 
 

 
 

 
 

 
 

Salaries and employee benefits
20,554

 
9,792

 
129

 
858

 
1,250

 
32,583

Equipment and occupancy expenses
5,384

 
555

 
1

 
54

 
42

 
6,036

Data processing and telecommunications expenses
6,357

 
425

 
28

 
9

 
231

 
7,050

Other expenses
14,905

 
1,001

 
51

 
63

 
2,078

 
18,098

Total noninterest expense
47,200

 
11,773

 
209

 
984

 
3,601

 
63,767

Income before income tax expense
18,370

 
4,487

 
1,694

 
1,128

 
2,621

 
28,300

Income tax expense
4,850

 
1,475

 
580

 
394

 
843

 
8,142

Net income
$
13,520

 
$
3,012

 
$
1,114

 
$
734

 
$
1,778

 
$
20,158

 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
6,296,159

 
$
531,897

 
$
236,024

 
$
94,531

 
$
491,209

 
$
7,649,820

Goodwill
125,532

 

 

 

 

 
125,532

Other intangible assets, net
14,437

 

 

 

 

 
14,437

 
Three Months Ended
September 30, 2016
(dollars in thousands)
Banking
Division
 
Retail
Mortgage
Division
 
Warehouse
Lending
Division
 
SBA
Division
 
Premium
 Finance
 Division
 
Total
Interest income
$
55,369

 
$
3,679

 
$
2,073

 
$
1,089

 
$

 
$
62,210

Interest expense
3,716

 
1,054

 
225

 
148

 

 
5,143

Net interest income
51,653

 
2,625

 
1,848

 
941

 

 
57,067

Provision for loan losses
57

 
447

 
94

 
213

 

 
811

Noninterest income
13,949

 
13,198

 
555

 
1,162

 

 
28,864

Noninterest expense
 

 
 

 
 

 
 

 
 

 
 

Salaries and employee benefits
18,323

 
8,940

 
103

 
616

 

 
27,982

Equipment and occupancy expenses
5,490

 
433

 
1

 
65

 

 
5,989

Data processing and telecommunications expenses
5,794

 
364

 
26

 
1

 

 
6,185

Other expenses
11,533

 
1,303

 
26

 
181

 

 
13,043

Total noninterest expense
41,140

 
11,040

 
156

 
863

 

 
53,199

Income before income tax expense
24,405

 
4,336

 
2,153

 
1,027

 

 
31,921

Income tax expense
7,733

 
1,518

 
754

 
359

 

 
10,364

Net income
$
16,672

 
$
2,818

 
$
1,399

 
$
668

 
$

 
$
21,557

 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
5,841,207

 
$
356,755

 
$
203,334

 
$
92,199

 
$

 
$
6,493,495

Goodwill
122,545

 

 

 

 

 
122,545

Other intangible assets, net
18,472

 

 

 

 

 
18,472

 
The following tables present selected financial information with respect to the Company’s reportable business segments for the nine months ended September 30, 2017 and 2016:
 
Nine Months Ended
September 30, 2017
(dollars in thousands)
Banking
Division
 
Retail
Mortgage
Division
 
Warehouse
Lending
Division
 
SBA
Division
 
Premium
 Finance
 Division
 
Total
Interest income
$
170,036

 
$
14,890

 
$
4,968

 
$
3,884

 
$
21,005

 
$
214,783

Interest expense
14,510

 
4,179

 
1,074

 
1,111

 
3,307

 
24,181

Net interest income
155,526

 
10,711

 
3,894

 
2,773

 
17,698

 
190,602

Provision for loan losses
4,510

 
617

 
159

 
98

 
444

 
5,828

Noninterest income
38,974

 
35,823

 
1,340

 
4,663

 
94

 
80,894

Noninterest expense
 

 
 

 
 

 
 

 
 

 
 

Salaries and employee benefits
58,757

 
24,771

 
403

 
2,339

 
3,239

 
89,509

Equipment and occupancy expenses
16,068

 
1,684

 
3

 
159

 
145

 
18,059

Data processing and telecommunications expenses
18,778

 
1,182

 
80

 
12

 
598

 
20,650

Other expenses
34,355

 
3,030

 
137

 
533

 
6,326

 
44,381

Total noninterest expense
127,958

 
30,667

 
623

 
3,043

 
10,308

 
172,599

Income before income tax expense
62,032

 
15,250

 
4,452

 
4,295

 
7,040

 
93,069

Income tax expense
17,801

 
5,337

 
1,559

 
1,503

 
2,471

 
28,671

Net income
$
44,231

 
$
9,913

 
$
2,893

 
$
2,792

 
$
4,569

 
$
64,398

 
 
Nine Months Ended
September 30, 2016
(dollars in thousands)
Banking
Division
 
Retail
Mortgage
Division
 
Warehouse
Lending
Division
 
SBA
Division
 
Premium
 Finance
 Division
 
Total
Interest income
$
158,682

 
$
9,992

 
$
4,714

 
$
2,721

 
$

 
$
176,109

Interest expense
10,726

 
2,383

 
458

 
450

 

 
14,017

Net interest income
147,956

 
7,609

 
4,256

 
2,271

 

 
162,092

Provision for loan losses
1,471

 
540

 
94

 
276

 

 
2,381

Noninterest income
39,702

 
36,126

 
1,328

 
4,373

 

 
81,529

Noninterest expense
 

 
 

 
 

 
 

 
 

 
 

Salaries and employee benefits
55,740

 
23,591

 
399

 
1,970

 

 
81,700

Equipment and occupancy expenses
16,541

 
1,326

 
3

 
190

 

 
18,060

Data processing and telecommunications expenses
17,299

 
974

 
71

 
3

 

 
18,347

Other expenses
39,040

 
3,392

 
77

 
542

 

 
43,051

Total noninterest expense
128,620

 
29,283

 
550

 
2,705

 

 
161,158

Income before income tax expense
57,567

 
13,912

 
4,940

 
3,663

 

 
80,082

Income tax expense
18,278

 
4,870

 
1,729

 
1,282

 

 
26,159

Net income
$
39,289

 
$
9,042

 
$
3,211

 
$
2,381

 
$

 
$
53,923