Summary income statement of discontinued operations |
| | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | | | September 30, | | September 30, | | (in thousands) | | 2021 | | 2020 | | 2021 | | 2020 | | | | | | | | | | | | | | | | INTEREST INCOME: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Loans, including fees | | $ | 76 | | $ | 135 | | $ | 14,815 | | $ | 20,978 | | Funds transfer credit | | | 51 | | | 70 | | | 313 | | | 1,543 | | Total interest income | | | 127 | | | 205 | | | 15,128 | | | 22,521 | | | | | | | | | | | | | | | | INTEREST EXPENSE: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Deposits | | | — | | | — | | | — | | | 527 | | Funds transfer cost | | | 4 | | | 2 | | | 200 | | | 1,132 | | Total interest expense | | | 4 | | | 2 | | | 200 | | | 1,659 | | | | | | | | | | | | | | | | NET INTEREST INCOME | | | 123 | | | 203 | | | 14,928 | | | 20,862 | | | | | | | | | | | | | | | | Provision for expected credit loss expense | | | (2,261) | | | (4,342) | | | 7,850 | | | 15,239 | | | | | | | | | | | | | | | | NET INTEREST INCOME AFTER PROVISION | | | 2,384 | | | 4,545 | | | 7,078 | | | 5,623 | | | | | | | | | | | | | | | | NONINTEREST INCOME: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net refund transfer fees | | | 1,280 | | | 1,152 | | | 19,922 | | | 19,888 | | Interchange fee income | | | 63 | | | 37 | | | 232 | | | 178 | | Other | | | 1 | | | 8 | | | 78 | | | 90 | | Total noninterest income | | | 1,344 | | | 1,197 | | | 20,232 | | | 20,156 | | | | | | | | | | | | | | | | NONINTEREST EXPENSE: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Salaries and employee benefits | | | 1,043 | | | 1,460 | | | 4,268 | | | 4,208 | | Technology, equipment, and communication | | | 86 | | | 131 | | | 260 | | | 461 | | Occupancy | | | — | | | — | | | 1 | | | 7 | | Marketing and development | | | 45 | | | 55 | | | 160 | | | 196 | | FDIC insurance expense | | | — | | | — | | | 150 | | | — | | Bank franchise tax expense | | | 9 | | | 2 | | | 14 | | | 1,729 | | Legal and professional fees | | | 303 | | | 8 | | | 1,382 | | | 173 | | Other | | | 172 | | | 89 | | | 1,491 | | | 1,455 | | Total noninterest expense | | | 1,658 | | | 1,745 | | | 7,726 | | | 8,229 | | | | | | | | | | | | | | | | INCOME FROM DISCONTINUED OPERATIONS BEFORE INCOME TAX EXPENSE | | | 2,070 | | | 3,997 | | | 19,584 | | | 17,550 | | INCOME TAX EXPENSE | | | 473 | | | 883 | | | 4,840 | | | 4,004 | | INCOME FROM DISCONTINUED OPERATIONS | | $ | 1,597 | | $ | 3,114 | | $ | 14,744 | | $ | 13,546 | |
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