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SEGMENT REPORTING (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Schedule of Financial Information with Respect to Company's Reportable Business Segments
The following tables present selected financial information with respect to the Company’s reportable business segments for the three months ended September 30, 2016 and 2015:
 
 
 
Three Months Ended
September 30, 2016
 
 
 
Banking
Division
 
Retail
Mortgage
Division
 
Warehouse
Lending
Division
 
SBA
Division
 
Total
 
 
 
(Dollars in Thousands)
 
Interest income
 
$
55,369
 
$
3,679
 
$
2,073
 
$
1,089
 
$
62,210
 
Interest expense
 
 
4,995
 
 
-
 
 
-
 
 
148
 
 
5,143
 
Net interest income
 
 
50,374
 
 
3,679
 
 
2,073
 
 
941
 
 
57,067
 
Provision for loan losses
 
 
57
 
 
447
 
 
94
 
 
213
 
 
811
 
Noninterest income
 
 
13,949
 
 
13,198
 
 
555
 
 
1,162
 
 
28,864
 
Noninterest expense
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Salaries and employee benefits
 
 
18,323
 
 
8,940
 
 
103
 
 
616
 
 
27,982
 
Equipment and occupancy expenses
 
 
5,490
 
 
433
 
 
1
 
 
65
 
 
5,989
 
Data processing and telecommunications expenses
 
 
5,794
 
 
364
 
 
26
 
 
1
 
 
6,185
 
Other expenses
 
 
11,533
 
 
1,303
 
 
26
 
 
181
 
 
13,043
 
Total noninterest expense
 
 
41,140
 
 
11,040
 
 
156
 
 
863
 
 
53,199
 
Income before income tax expense
 
 
23,126
 
 
5,390
 
 
2,378
 
 
1,027
 
 
31,921
 
Income tax expense
 
 
7,286
 
 
1,887
 
 
832
 
 
359
 
 
10,364
 
Net income
 
$
15,840
 
$
3,503
 
$
1,546
 
$
668
 
$
21,557
 
Total assets
 
$
5,841,207
 
$
356,755
 
$
203,334
 
$
92,199
 
$
6,493,495
 
Other intangible assets, net ,
 
$
18,472
 
$
-
 
$
-
 
$
-
 
$
18,472
 
Goodwill
 
$
122,545
 
$
-
 
$
-
 
$
-
 
$
122,545
 
 
 
 
Three Months Ended
September 30, 2015
 
 
 
Banking
Division
 
Retail
Mortgage
Division
 
Warehouse
Lending
Division
 
SBA
Division
 
Total
 
 
 
(Dollars in Thousands)
 
Interest income
 
$
46,734
 
$
2,485
 
$
1,128
 
$
848
 
$
51,195
 
Interest expense
 
 
3,690
 
 
-
 
 
-
 
 
106
 
 
3,796
 
Net interest income
 
$
43,044
 
$
2,485
 
$
1,128
 
$
742
 
$
47,399
 
Provision for loan losses
 
 
960
 
 
26
 
 
-
 
 
-
 
 
986
 
Noninterest income
 
 
13,470
 
 
9,827
 
 
372
 
 
1,309
 
 
24,978
 
Noninterest expense
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Salaries and employee benefits
 
 
17,921
 
 
6,138
 
 
137
 
 
738
 
 
24,934
 
Equipment and occupancy expenses
 
 
5,444
 
 
397
 
 
1
 
 
73
 
 
5,915
 
Data processing and telecommunications expenses
 
 
4,998
 
 
308
 
 
22
 
 
1
 
 
5,329
 
Other expenses
 
 
11,379
 
 
662
 
 
40
 
 
137
 
 
12,218
 
Total noninterest expense
 
 
39,742
 
 
7,505
 
 
200
 
 
949
 
 
48,396
 
Income before income tax expense
 
 
15,812
 
 
4,781
 
 
1,300
 
 
1,102
 
 
22,995
 
Income tax expense
 
 
4,854
 
 
1,673
 
 
455
 
 
386
 
 
7,368
 
Net income
 
$
10,958
 
$
3,108
 
$
845
 
$
716
 
$
15,627
 
Total assets
 
$
4,805,387
 
$
216,640
 
$
92,398
 
$
101,875
 
$
5,216,300
 
Other intangible assets, net
 
$
18,218
 
$
-
 
$
-
 
$
-
 
$
18,218
 
Goodwill
 
$
87,701
 
$
-
 
$
-
 
$
-
 
$
87,701
 
 
The following tables present selected financial information with respect to the Company’s reportable business segments for the nine months ended September 30, 2016 and 2015:
 
 
 
Nine Months Ended
September 30, 2016
 
 
 
Banking
Division
 
Retail
Mortgage
Division
 
Warehouse
Lending
Division
 
SBA
Division
 
Total
 
 
 
(Dollars in Thousands)
 
Interest income
 
$
158,682
 
$
9,992
 
$
4,714
 
$
2,721
 
$
176,109
 
Interest expense
 
 
13,567
 
 
-
 
 
-
 
 
450
 
 
14,017
 
Net interest income
 
 
145,115
 
 
9,992
 
 
4,714
 
 
2,271
 
 
162,092
 
Provision for loan losses
 
 
1,471
 
 
540
 
 
94
 
 
276
 
 
2,381
 
Noninterest income
 
 
39,702
 
 
36,126
 
 
1,328
 
 
4,373
 
 
81,529
 
Noninterest expense
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Salaries and employee benefits
 
 
55,740
 
 
23,591
 
 
399
 
 
1,970
 
 
81,700
 
Equipment and occupancy expenses
 
 
16,541
 
 
1,326
 
 
3
 
 
190
 
 
18,060
 
Data processing and telecommunications expenses
 
 
17,299
 
 
974
 
 
71
 
 
3
 
 
18,347
 
Other expenses
 
 
39,040
 
 
3,392
 
 
77
 
 
542
 
 
43,051
 
Total noninterest expense
 
 
128,620
 
 
29,283
 
 
550
 
 
2,705
 
 
161,158
 
Income before income tax expense
 
 
54,726
 
 
16,295
 
 
5,398
 
 
3,663
 
 
80,082
 
Income tax expense
 
 
17,285
 
 
5,703
 
 
1,889
 
 
1,282
 
 
26,159
 
Net income
 
$
37,441
 
$
10,592
 
$
3,509
 
$
2,381
 
$
53,923
 
 
 
 
Nine Months Ended
September 30, 2015
 
 
 
Banking
Division
 
Retail
Mortgage
Division
 
Warehouse
Lending
Division
 
SBA 
Division
 
Total
 
 
 
(Dollars in Thousands)
 
Interest income
 
$
126,283
 
$
6,009
 
$
3,142
 
$
2,358
 
$
137,792
 
Interest expense
 
 
10,594
 
 
-
 
 
-
 
 
279
 
 
10,873
 
Net interest income
 
$
115,689
 
$
6,009
 
$
3,142
 
$
2,079
 
$
126,919
 
Provision for loan losses
 
 
4,343
 
 
368
 
 
-
 
 
-
 
 
4,711
 
Noninterest income
 
 
31,512
 
 
26,532
 
 
1,028
 
 
4,107
 
 
63,179
 
Noninterest expense
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Salaries and employee benefits
 
 
48,958
 
 
16,257
 
 
363
 
 
2,453
 
 
68,031
 
Equipment and occupancy expenses
 
 
13,964
 
 
1,173
 
 
4
 
 
137
 
 
15,278
 
Data processing and telecommunications expenses
 
 
12,922
 
 
799
 
 
75
 
 
7
 
 
13,803
 
Other expenses
 
 
45,783
 
 
2,744
 
 
95
 
 
353
 
 
48,975
 
Total noninterest expense
 
 
121,627
 
 
20,973
 
 
537
 
 
2,950
 
 
146,087
 
Income before income tax expense
 
 
21,231
 
 
11,200
 
 
3,633
 
 
3,236
 
 
39,300
 
Income tax expense
 
 
6,277
 
 
3,920
 
 
1,272
 
 
1,133
 
 
12,601
 
Net income
 
 
14,954
 
 
7,280
 
 
2,361
 
 
2,103
 
 
26,699