SEGMENT REPORTING

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 13 – SEGMENT REPORTING

The following tables present selected financial information with respect to the Company’s reportable business segments for the three months ended June 30, 2016 and 2015:

	Three Months Ended June 30, 2016
	Banking Division		Retail Mortgage Division		Warehouse Lending  Division		SBA Division		Total
	(Dollars in Thousands)
Interest income	$	53,534	$	3,293	$	1,622	$	891	$	59,340
Interest expense		4,594		-		-		157		4,751
Net interest income		48,940		3,293		1,622		734		54,589
Provision for loan losses		733		93		-		63		889
Noninterest income		13,018		13,304		440		1,617		28,379
Noninterest expense
Salaries and employee benefits		18,428		8,304		108		691		27,531
Equipment and occupancy expenses		5,901		405		1		64		6,371
Data processing and telecommunications expenses		5,685		338		25		1		6,049
Other expenses		11,071		1,133		26		178		12,408
Total noninterest expense		41,085		10,180		160		934		52,359
Income before income tax expense		20,140		6,324		1,902		1,354		29,720
Income tax expense		6,318		2,213		666		474		9,671
Net income	$	13,822	$	4,111	$	1,236	$	880	$	20,049
Total assets	$	5,691,976	$	306,932	$	150,823	$	71,563	$	6,221,294
Other intangible assets, net,	$	20,574	$	-	$	-	$	-	$	20,574
Goodwill	$	121,422	$	-	$	-	$	-	$	121,422

	Three Months Ended June 30, 2015
	Banking Division		Retail Mortgage Division		Warehouse Lending  Division		SBA Division		Total
	(Dollars in Thousands)
Interest income	$	40,252	$	1,979	$	1,179	$	819	$	44,229
Interest expense		3,446		-		-		95		3,541
Net interest income		36,806		1,979		1,179		724		40,688
Provision for loan losses		2,456		200		-		-		2,656
Noninterest income		9,262		9,095		383		1,886		20,626
Noninterest expense
Salaries and employee benefits		15,675		5,592		99		1,099		22,465
Equipment and occupancy expenses		4,376		396		1		36		4,809
Data processing and telecommunications expenses		3,913		279		20		2		4,214
Other expenses		24,048		1,150		19		159		25,376
Total noninterest expense		48,012		7,417		139		1,296		56,864
Income (loss) before income tax expense (benefit)		(4,400)		3,457		1,423		1,314		1,794
Income tax expense (benefit)		(1,682)		1,210		498		460		486
Net income (loss)	$	(2,718)	$	2,247	$	925	$	854	$	1,308
Total assets	$	4,823,335	$	235,067	$	82,913	$	64,419	$	5,205,734
Other intangible assets, net	$	19,189	$	-	$	-	$	-	$	19,189
Goodwill	$	87,367	$	-	$	-	$	-	$	87,367

The following tables present selected financial information with respect to the Company’s reportable business segments for the six months ended June 30, 2016 and 2015:

	Six Months Ended June 30, 2016
	Banking Division		Retail Mortgage Division		Warehouse Lending Division		SBA Division		Total
	(Dollars in Thousands)
Interest income	$	103,313	$	6,313	$	2,641	$	1,632	$	113,899
Interest expense		8,572		-		-		302		8,874
Net interest income		94,741		6,313		2,641		1,330		105,025
Provision for loan losses		1,414		93		-		63		1,570
Noninterest income		25,753		22,928		773		3,211		52,665
Noninterest expense
Salaries and employee benefits		37,417		14,651		296		1,354		53,718
Equipment and occupancy expenses		11,051		893		2		125		12,071
Data processing and telecommunications expenses		11,505		610		45		2		12,162
Other expenses		27,507		2,089		51		361		30,008
Total noninterest expense		87,480		18,243		394		1,842		107,959
Income before income tax expense		31,600		10,905		3,020		2,636		48,161
Income tax expense		9,999		3,816		1,057		923		15,795
Net income	$	21,601	$	7,089	$	1,963	$	1,713	$	32,366

	Six Months Ended June 30, 2015
	Banking Division		Retail Mortgage Division		Warehouse Lending Division		SBA Division		Total
	(Dollars in Thousands)
Interest income	$	79,549	$	3,524	$	2,014	$	1,510	$	86,597
Interest expense		6,904		-		-		173		7,077
Net interest income		72,645		3,524		2,014		1,337		79,520
Provision for loan losses		3,383		342		-		-		3,725
Noninterest income		18,042		16,705		656		2,798		38,201
Noninterest expense
Salaries and employee benefits		31,037		10,119		226		1,715		43,097
Equipment and occupancy expenses		8,520		776		3		64		9,363
Data processing and telecommunications expenses		7,924		491		53		6		8,474
Other expenses		34,404		2,082		55		216		36,757
Total noninterest expense		81,885		13,468		337		2,001		97,691
Income before income tax expense		5,419		6,419		2,333		2,134		16,305
Income tax expense		1,423		2,246		817		747		5,233
Net income	$	3,996	$	4,173	$	1,516	$	1,387	$	11,072