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, 2021, 2020 and 2019. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2021 | (dollars in thousands) | Banking Division | | Retail Mortgage Division | | Warehouse Lending Division | | SBA Division | | Premium Finance Division | | Total | Interest income | $ | 449,955 | | | $ | 130,140 | | | $ | 36,784 | | | $ | 56,597 | | | $ | 29,636 | | | $ | 703,112 | | Interest expense | (7,627) | | | 47,422 | | | 1,383 | | | 5,062 | | | 1,545 | | | 47,785 | | Net interest income | 457,582 | | | 82,718 | | | 35,401 | | | 51,535 | | | 28,091 | | | 655,327 | | Provision for credit losses | (32,866) | | | 2,947 | | | (514) | | | (2,921) | | | (2,011) | | | (35,365) | | Noninterest income | 69,664 | | | 281,900 | | | 4,603 | | | 9,360 | | | 17 | | | 365,544 | | Noninterest expense | | | | | | | | | | | | Salaries and employee benefits | 157,079 | | | 167,796 | | | 1,130 | | | 4,856 | | | 6,915 | | | 337,776 | | Occupancy and equipment expenses | 41,065 | | | 6,206 | | | 3 | | | 475 | | | 317 | | | 48,066 | | Data processing and communications expenses | 39,802 | | | 5,551 | | | 232 | | | 47 | | | 344 | | | 45,976 | | Other expenses | 84,244 | | | 38,295 | | | 490 | | | 1,594 | | | 3,683 | | | 128,306 | | Total noninterest expense | 322,190 | | | 217,848 | | | 1,855 | | | 6,972 | | | 11,259 | | | 560,124 | | Income before income tax expense | 237,922 | | | 143,823 | | | 38,663 | | | 56,844 | | | 18,860 | | | 496,112 | | Income tax expense | 64,446 | | | 30,203 | | | 8,120 | | | 11,937 | | | 4,493 | | | 119,199 | | Net income | $ | 173,476 | | | $ | 113,620 | | | $ | 30,543 | | | $ | 44,907 | | | $ | 14,367 | | | $ | 376,913 | | | | | | | | | | | | | | Total assets | $ | 17,537,221 | | | $ | 4,231,767 | | | $ | 760,546 | | | $ | 419,040 | | | $ | 909,747 | | | $ | 23,858,321 | | Goodwill | $ | 948,122 | | | $ | — | | | $ | — | | | $ | — | | | $ | 64,498 | | | $ | 1,012,620 | | Other intangible assets, net | $ | 114,048 | | | $ | — | | | $ | — | | | $ | — | | | $ | 11,890 | | | $ | 125,938 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2020 | (dollars in thousands) | Banking Division | | Retail Mortgage Division | | Warehouse Lending Division | | SBA Division | | Premium Finance Division | | Total | Interest income | $ | 499,031 | | | $ | 129,951 | | | $ | 26,522 | | | $ | 40,334 | | | $ | 30,665 | | | $ | 726,503 | | Interest expense | 27,800 | | | 47,592 | | | 2,631 | | | 7,244 | | | 3,483 | | | 88,750 | | Net interest income | 471,231 | | | 82,359 | | | 23,891 | | | 33,090 | | | 27,182 | | | 637,753 | | Provision for credit losses | 125,136 | | | 15,850 | | | 2,562 | | | 2,719 | | | (887) | | | 145,380 | | Noninterest income | 63,165 | | | 370,256 | | | 3,864 | | | 9,200 | | | 15 | | | 446,500 | | Noninterest expense | | | | | | | | | | | | Salaries and employee benefits | 160,430 | | | 184,765 | | | 981 | | | 6,893 | | | 7,209 | | | 360,278 | | Occupancy and equipment expenses | 44,939 | | | 6,710 | | | 4 | | | 391 | | | 305 | | | 52,349 | | Data processing and communications expenses | 39,040 | | | 6,275 | | | 270 | | | 33 | | | 399 | | | 46,017 | | Other expenses | 105,965 | | | 28,155 | | | 176 | | | 1,832 | | | 3,857 | | | 139,985 | | Total noninterest expense | 350,374 | | | 225,905 | | | 1,431 | | | 9,149 | | | 11,770 | | | 598,629 | | Income before income tax expense | 58,886 | | | 210,860 | | | 23,762 | | | 30,422 | | | 16,314 | | | 340,244 | | Income tax expense | 19,138 | | | 44,286 | | | 5,004 | | | 6,389 | | | 3,439 | | | 78,256 | | Net income | $ | 39,748 | | | $ | 166,574 | | | $ | 18,758 | | | $ | 24,033 | | | $ | 12,875 | | | $ | 261,988 | | | | | | | | | | | | | | Total assets | $ | 14,250,780 | | | $ | 3,395,811 | | | $ | 922,071 | | | $ | 1,088,611 | | | $ | 781,365 | | | $ | 20,438,638 | | Goodwill | $ | 863,507 | | | $ | — | | | $ | — | | | $ | — | | | $ | 64,498 | | | $ | 928,005 | | Other intangible assets, net | $ | 57,129 | | | $ | — | | | $ | — | | | $ | — | | | $ | 14,845 | | | $ | 71,974 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 credit 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 | |
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