Schedule of Financial Information with Respect to Company's Reportable Business Segments |
The following table presents selected financial information with respect to the Company’s reportable business segments for the years ended December 31, 2018, 2017 and 2016. | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2018 | (dollars in thousands) | Banking Division | | Retail Mortgage Division | | Warehouse Lending Division | | SBA Division | | Premium Finance Division | | Total | Interest income | $ | 323,757 |
| | $ | 37,146 |
| | $ | 14,522 |
| | $ | 7,672 |
| | $ | 30,229 |
| | $ | 413,326 |
| Interest expense | 38,199 |
| | 13,686 |
| | 5,434 |
| | 2,617 |
| | 9,998 |
| | 69,934 |
| Net interest income | 285,558 |
| | 23,460 |
| | 9,088 |
| | 5,055 |
| | 20,231 |
| | 343,392 |
| Provision for loan losses | 4,486 |
| | 584 |
| | — |
| | 1,137 |
| | 10,460 |
| | 16,667 |
| Noninterest income | 58,694 |
| | 48,260 |
| | 2,021 |
| | 4,858 |
| | 4,579 |
| | 118,412 |
| Noninterest expense | | | | | | | | | | | | Salaries and employee benefits | 100,716 |
| | 39,469 |
| | 547 |
| | 2,870 |
| | 5,691 |
| | 149,293 |
| Occupancy and equipment expenses | 26,112 |
| | 2,440 |
| | 2 |
| | 234 |
| | 343 |
| | 29,131 |
| Data processing and communications expenses | 27,026 |
| | 1,425 |
| | 122 |
| | 19 |
| | 1,793 |
| | 30,385 |
| Other expenses | 71,788 |
| | 6,998 |
| | 238 |
| | 1,137 |
| | 4,677 |
| | 84,838 |
| Total noninterest expense | 225,642 |
| | 50,332 |
| | 909 |
| | 4,260 |
| | 12,504 |
| | 293,647 |
| Income before income tax expense | 114,124 |
| | 20,804 |
| | 10,200 |
| | 4,516 |
| | 1,846 |
| | 151,490 |
| Income tax expense | 23,607 |
| | 4,335 |
| | 2,142 |
| | 948 |
| | (569 | ) | | 30,463 |
| Net income | $ | 90,517 |
| | $ | 16,469 |
| | $ | 8,058 |
| | $ | 3,568 |
| | $ | 2,415 |
| | $ | 121,027 |
| | | | | | | | | | | | | Total assets | $ | 9,290,437 |
| | $ | 1,153,615 |
| | $ | 360,839 |
| | $ | 139,671 |
| | $ | 498,953 |
| | $ | 11,443,515 |
| Goodwill | $ | 438,144 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 65,290 |
| | $ | 503,434 |
| Other intangible assets, net | $ | 37,836 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 20,853 |
| | $ | 58,689 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2017 | (dollars in thousands) | Banking Division | | Retail Mortgage Division | | Warehouse Lending Division | | SBA Division | | Premium Finance Division | | Total | Interest income | $ | 231,111 |
| | $ | 21,318 |
| | $ | 7,701 |
| | $ | 5,293 |
| | $ | 28,924 |
| | $ | 294,347 |
| Interest expense | 20,392 |
| | 5,731 |
| | 1,824 |
| | 1,549 |
| | 4,726 |
| | 34,222 |
| Net interest income | 210,719 |
| | 15,587 |
| | 5,877 |
| | 3,744 |
| | 24,198 |
| | 260,125 |
| Provision for loan losses | 6,787 |
| | 771 |
| | 186 |
| | (111 | ) | | 731 |
| | 8,364 |
| Noninterest income | 51,416 |
| | 44,913 |
| | 1,739 |
| | 6,277 |
| | 112 |
| | 104,457 |
| Noninterest expense | | | | | | | | | | | | Salaries and employee benefits | 78,857 |
| | 32,996 |
| | 530 |
| | 3,126 |
| | 4,507 |
| | 120,016 |
| Occupancy and equipment expenses | 21,436 |
| | 2,217 |
| | 4 |
| | 215 |
| | 197 |
| | 24,069 |
| Data processing and communications expenses | 25,177 |
| | 1,611 |
| | 98 |
| | 21 |
| | 962 |
| | 27,869 |
| Other expenses | 46,192 |
| | 4,260 |
| | 163 |
| | 738 |
| | 8,629 |
| | 59,982 |
| Total noninterest expense | 171,662 |
| | 41,084 |
| | 795 |
| | 4,100 |
| | 14,295 |
| | 231,936 |
| Income before income tax expense | 83,686 |
| | 18,645 |
| | 6,635 |
| | 6,032 |
| | 9,284 |
| | 124,282 |
| Income tax expense | 36,518 |
| | 6,526 |
| | 2,322 |
| | 2,111 |
| | 3,257 |
| | 50,734 |
| Net income | $ | 47,168 |
| | $ | 12,119 |
| | $ | 4,313 |
| | $ | 3,921 |
| | $ | 6,027 |
| | $ | 73,548 |
| | | | | | | | | | | | | Total assets | $ | 6,431,151 |
| | $ | 598,355 |
| | $ | 238,561 |
| | $ | 101,737 |
| | $ | 486,399 |
| | $ | 7,856,203 |
| Goodwill | $ | 125,532 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 125,532 |
| Other intangible assets, net | $ | 13,496 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 13,496 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2016 | (dollars in thousands) | Banking Division | | Retail Mortgage Division | | Warehouse Lending Division | | SBA Division | | Premium Finance Division | | Total | Interest income | $ | 213,246 |
| | $ | 14,110 |
| | $ | 6,686 |
| | $ | 3,959 |
| | $ | 1,064 |
| | $ | 239,065 |
| Interest expense | 14,762 |
| | 3,469 |
| | 724 |
| | 739 |
| | — |
| | 19,694 |
| Net interest income | 198,484 |
| | 10,641 |
| | 5,962 |
| | 3,220 |
| | 1,064 |
| | 219,371 |
| Provision for loan losses | 1,973 |
| | 573 |
| | 590 |
| | 847 |
| | 108 |
| | 4,091 |
| Noninterest income | 53,168 |
| | 45,162 |
| | 1,790 |
| | 5,681 |
| | — |
| | 105,801 |
| Noninterest expense | | | | | | | | | | | | Salaries and employee benefits | 72,824 |
| | 30,689 |
| | 619 |
| | 2,705 |
| | — |
| | 106,837 |
| Occupancy and equipment expenses | 22,209 |
| | 1,928 |
| | 4 |
| | 254 |
| | 2 |
| | 24,397 |
| Data processing and communications expenses | 23,140 |
| | 1,300 |
| | 103 |
| | 4 |
| | 44 |
| | 24,591 |
| Other expenses | 54,438 |
| | 4,485 |
| | 106 |
| | 712 |
| | 269 |
| | 60,010 |
| Total noninterest expense | 172,611 |
| | 38,402 |
| | 832 |
| | 3,675 |
| | 315 |
| | 215,835 |
| Income before income tax expense | 77,068 |
| | 16,828 |
| | 6,330 |
| | 4,379 |
| | 641 |
| | 105,246 |
| Income tax expense | 23,283 |
| | 5,891 |
| | 2,215 |
| | 1,533 |
| | 224 |
| | 33,146 |
| Net income | $ | 53,785 |
| | $ | 10,937 |
| | $ | 4,115 |
| | $ | 2,846 |
| | $ | 417 |
| | $ | 72,100 |
| | | | | | | | | | | | | Total assets | $ | 5,879,859 |
| | $ | 358,497 |
| | $ | 189,670 |
| | $ | 90,908 |
| | $ | 373,097 |
| | $ | 6,892,031 |
| Goodwill | $ | 125,532 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 125,532 |
| Other intangible assets, net | $ | 17,428 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 17,428 |
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