SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2019

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 and nine months ended September 30, 2019 and 2018:

	Three Months Ended September 30, 2019
(dollars in thousands)	Banking Division			Retail Mortgage Division		Warehouse Lending Division		SBA Division			Premium  Finance  Division		Total
Interest income	$	141,630		$	27,141	$	5,786	$	4,366		$	9,438	$	188,361
Interest expense	17,368			14,132		2,617		1,793			3,682		39,592
Net interest income	124,262			13,009		3,169		2,573			5,756		148,769
Provision for loan losses	3,549			1,490		—		(15		)	965		5,989
Noninterest income	21,173			52,493		560		2,766			1		76,993
Noninterest expense
Salaries and employee benefits	39,794			34,144		286		1,985			1,424		77,633
Equipment and occupancy expenses	10,750			1,686		2		66			135		12,639
Data processing and telecommunications expenses	9,551			660		41		22			98		10,372
Other expenses	87,059			3,484		27		503			980		92,053
Total noninterest expense	147,154			39,974		356		2,576			2,637		192,697
Income before income tax expense	(5,268		)	24,038		3,373		2,778			2,155		27,076
Income tax expense	(1,269		)	5,048		708		584			621		5,692
Net income	$	(3,999	)	$	18,990	$	2,665	$	2,194		$	1,534	$	21,384
Total assets	$	13,031,554		$	3,156,895	$	564,297	$	262,719		$	748,812	$	17,764,277
Goodwill	846,990			—		—		—			64,498		911,488
Other intangible assets, net	78,728			—		—		—			18,600		97,328

	Three Months Ended September 30, 2018
(dollars in thousands)	Banking Division		Retail Mortgage Division		Warehouse Lending Division		SBA Division		Premium  Finance  Division		Total
Interest income	$	97,282	$	9,347	$	4,035	$	2,090	$	8,365	$	121,119
Interest expense	13,241		3,803		1,566		631		2,840		22,081
Net interest income	84,041		5,544		2,469		1,459		5,525		99,038
Provision for loan losses	1,229		122		—		41		703		2,095
Noninterest income	16,524		12,097		503		1,045		2		30,171
Noninterest expense
Salaries and employee benefits	26,120		10,061		136		650		1,447		38,414
Equipment and occupancy expenses	7,871		618		2		58		49		8,598
Data processing and telecommunications expenses	7,589		347		30		1		551		8,518
Other expenses	13,461		1,828		69		242		1,223		16,823
Total noninterest expense	55,041		12,854		237		951		3,270		72,353
Income before income tax expense	44,295		4,665		2,735		1,512		1,554		54,761
Income tax expense	11,156		943		574		317		327		13,317
Net income	$	33,139	$	3,722	$	2,161	$	1,195	$	1,227	$	41,444
Total assets	$	9,616,931	$	789,402	$	297,979	$	134,172	$	590,510	$	11,428,994
Goodwill	440,147		—		—		—		65,457		505,604
Other intangible assets, net	33,125		—		—		—		21,604		54,729

 

	Nine Months Ended September 30, 2019
(dollars in thousands)	Banking Division		Retail Mortgage Division		Warehouse Lending Division		SBA Division		Premium  Finance  Division		Total
Interest income	$	338,396	$	53,286	$	16,140	$	8,827	$	25,669	$	442,318
Interest expense	44,340		26,957		7,294		3,986		9,926		92,503
Net interest income	294,056		26,329		8,846		4,841		15,743		349,815
Provision for loan losses	7,913		2,235		—		394		3,523		14,065
Noninterest income	50,373		84,853		1,389		6,379		6		143,000
Noninterest expense
Salaries and employee benefits	91,954		54,237		609		3,447		4,049		154,296
Equipment and occupancy expenses	25,065		3,122		4		190		296		28,677
Data processing and telecommunications expenses	24,778		1,384		109		27		853		27,151
Other expenses	126,743		7,983		170		1,249		3,104		139,249
Total noninterest expense	268,540		66,726		892		4,913		8,302		349,373
Income before income tax expense	67,976		42,221		9,343		5,913		3,924		129,377
Income tax expense	16,197		8,831		1,962		1,242		952		29,184
Net income	$	51,779	$	33,390	$	7,381	$	4,671	$	2,972	$	100,193

	Nine Months Ended September 30, 2018
(dollars in thousands)	Banking Division		Retail Mortgage Division		Warehouse Lending Division		SBA Division		Premium  Finance  Division			Total
Interest income	$	226,576	$	24,142	$	10,428	$	5,428	$	24,003		$	290,577
Interest expense	25,417		8,555		3,778		1,725		7,264			46,739
Net interest income	201,159		15,587		6,650		3,703		16,739			243,838
Provision for loan losses	2,883		585		—		1,025		8,513			13,006
Noninterest income	42,910		37,571		1,635		3,764		2,062			87,942
Noninterest expense
Salaries and employee benefits	74,834		28,667		402		2,010		4,250			110,163
Equipment and occupancy expenses	19,032		1,756		2		171		225			21,186
Data processing and telecommunications expenses	19,504		1,119		93		19		1,357			22,092
Other expenses	54,478		5,337		176		884		3,521			64,396
Total noninterest expense	167,848		36,879		673		3,084		9,353			217,837
Income before income tax expense	73,338		15,694		7,612		3,358		935			100,937
Income tax expense (benefit)	18,114		3,262		1,598		705		(233		)	23,446
Net income	$	55,224	$	12,432	$	6,014	$	2,653	$	1,168		$	77,491