SEGMENT REPORTING

12 Months Ended

Dec. 31, 2019

The following table presents selected financial information with respect to the Company’s reportable business segments for the years ended December 31, 2019, 2018 and 2017.


	Year Ended December 31, 2019
(dollars in thousands)	Banking Division		Retail Mortgage Division		Warehouse Lending Division		SBA Division		Premium Finance Division		Total
Interest income	$	478,340	$	88,129	$	22,370	$	12,735	$	34,820	$	636,394
Interest expense	59,327		43,577		9,753		5,704		12,867		131,228
Net interest income	419,013		44,552		12,617		7,031		21,953		505,166
Provision for loan losses	12,654		3,472		67		544		3,021		19,758
Noninterest income	69,005		118,188		1,999		8,915		6		198,113
Noninterest expense
Salaries and employee benefits	130,134		82,470		934		4,783		5,617		223,938
Occupancy and equipment expenses	35,281		4,666		5		269		375		40,596
Data processing and communications expenses	34,934		2,418		156		32		973		38,513
Other expenses	149,919		12,536		223		1,651		4,561		168,890
Total noninterest expense	350,268		102,090		1,318		6,735		11,526		471,937
Income before income tax expense	125,096		57,178		13,231		8,667		7,412		211,584
Income tax expense	31,609		12,202		2,778		1,820		1,734		50,143
Net income	$	93,487	$	44,976	$	10,453	$	6,847	$	5,678	$	161,441

Total assets	$	13,063,461	$	3,636,321	$	527,527	$	267,273	$	747,997	$	18,242,579
Goodwill	$	867,139	$	—	$	—	$	—	$	64,498	$	931,637
Other intangible assets, net	$	73,737	$	—	$	—	$	—	$	17,849	$	91,586


	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		2,709		5,691		149,132
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		1,298		4,677		84,999
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		2,893		4,507		119,783
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		971		8,629		60,215
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