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SEGMENT REPORTING & DISCONTINUED OPERATIONS | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
SEGMENT REPORTING & DISCONTINUED OPERATIONS | SEGMENT REPORTING & DISCONTINUED OPERATIONS On May 23, 2018, the Bank announced that it had entered into an agreement with a third-party mortgage company TFSB to allow TFSB to offer residential mortgages from certain Bank locations on the terms and conditions set forth in the agreement. Concurrently with this arrangement, the Bank began the process of winding down the operations of UMG, the Company's reportable mortgage segment. Effective at the close of business June 1, 2018, UMG was no longer originating mortgages in its name. The decision to exit the mortgage business was based on a number of strategic priorities and other factors, including the additional investment in the business required to achieve the necessary scale to be competitive. As a result of this decision, the community bank segment is the only remaining reportable segment and does not require separate reporting disclosures. As of December 31, 2018, the Company's Consolidated Balance Sheets included assets from discontinued operations of $1.5 million, which did not include loans held for sale. The Company also reported $1.7 million as liabilities of discontinued operations. As of December 31, 2017, the Company's Consolidated Balance Sheets included assets from discontinued operations of $44.7 million which included $40.7 million of loans held for sale. The Company also reported $3.7 million as liabilities of discontinued operations. Management believes there are no material on-going obligations with respect to the mortgage banking business that have not been recorded in the Company's consolidated financial statements. The following table presents summarized operating results of the discontinued mortgage segment at December 31, 2018, 2017 and 2016, respectively (dollars in thousands):
| 2018 |  | 2017 |  | 2016
Net interest income | $ | 850 |  |  | $ | 1,150 |  |  | $ | 1,184 |
Provision for credit losses | (185 | ) |  | (46 | ) |  | 217 |
Net interest income after provision for credit losses | 1,035 |  |  | 1,196 |  |  | 967 |
Noninterest income | 3,882 |  |  | 9,245 |  |  | 11,058 |
Noninterest expenses | 9,197 |  |  | 9,097 |  |  | 9,613 |
Income before income taxes | (4,280 | ) |  | 1,344 |  |  | 2,412 |
Income tax expense (benefit) | (1,115 | ) |  | 597 |  |  | 834 |
Net income (loss) on discontinued operations | $ | (3,165 | ) |  | $ | 747 |  |  | $ | 1,578 |

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