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DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations The following table summarizes the calculation of the net gain (loss) on disposal of discontinued operations for 2019:
(in thousands)
Proceeds from asset sales$186,692 
Book value of assets sold181,243 
Gain on assets sold
5,449 
Transaction costs8,770 
Compensation expense related to the transactions4,636 
Facility and IT related costs13,660 
Total costs
27,066 
Net loss on disposal $(21,617)


The carrying amount of major classes of assets and liabilities related to discontinued operations consisted of the following at December 31, 2019:
(in thousands)
Assets of discontinued operations
LHFS at fair value$26,123 
Other assets 2,505 
Total$28,628 
Liabilities of discontinued operations
Account payable and other liabilities$2,603 

Income Statement of Discontinued Operations for 2019:
(in thousands)
Net interest income$5,858 
Noninterest income63,713 
Noninterest expense97,856 
Loss before income taxes(28,285)
Income tax (benefit) expense(5,077)
Loss from discontinued operations$(23,208)

Cash Flows from Discontinued Operations for 2019:
(in thousands)
Net cash provided by operating activities $238,212 
Net cash provided by investing activities185,458