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SALES OF BRANCH, SUBSIDIARY AND BUSINESS UNITS (Tables)
 12 Months Ended
Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Disposal groups including discontinued operations
The following table summarizes the calculation of the net gain on disposal of discontinued operations:
 
 
Year Ended December, 31
 
 
($ in thousands)
 
2019
 
2018
 
2017
 
Total Net Gain on Disposal After Completion of Sale
Proceeds from the transaction
 
$
—

 
$
—

 
$
63,054

 
$
63,054

Compensation expense related to the transaction
 
—

 
1,003

 
(3,500
)
 
(2,497
)
Other transaction costs
 
—

 
436

 
(3,431
)
 
(2,995
)
Net cash proceeds
 
—

 
1,439

 
56,123

 
57,562

Book value of certain assets sold
 
—

 
—

 
(2,455
)
 
(2,455
)
Book value of MSRs sold
 
—

 
—

 
(37,772
)
 
(37,772
)
Goodwill
 
—

 
—

 
(2,100
)
 
(2,100
)
Net gain on disposal
 
$
—

 
$
1,439

 
$
13,796

 
$
15,235

The following tables present the financial information of discontinued operations as of the dates and for the periods indicated:
Statements of Financial Condition of Discontinued Operations
 
 
December 31,
($ in thousands)
 
2019
 
2018
ASSETS
 
 
 
 
Loans held-for-sale, carried at fair value
 
$
—

 
$
19,490

Assets of discontinued operations
 
$
—

 
$
19,490

LIABILITIES
 
 
 
 
Liabilities of discontinued operations
 
$
—

 
$
—


Statements of Operations of Discontinued Operations
 
 
Year Ended December 31,
($ in thousands)
 
2019
 
2018
 
2017
Interest income
 
 
 
 
 
 
Loans, including fees
 
$
—

 
$
665

 
$
7,052

Total interest income
 
—

 
665

 
7,052

Noninterest income
 
 
 
 
 
 
Net gain on disposal
 
—

 
1,439

 
13,796

Loan servicing income
 
—

 
—

 
1,551

Net revenue on mortgage banking activities
 
—

 
428

 
42,889

All other income
 
—

 
2,200

 
1,871

Total noninterest income
 
—

 
4,067

 
60,107

Noninterest expense
 
 
 
 
 
 
Salaries and employee benefits
 
—

 
20

 
38,374

Occupancy and equipment
 
—

 
—

 
3,964

Professional fees
 
—

 
—

 
2,546

Outside Service Fees
 
—

 
—

 
5,625

Data processing
 
—

 
8

 
687

Advertising
 
—

 
—

 
1,357

Restructuring expense
 
—

 
—

 
3,794

All other expenses
 
—

 
108

 
3,648

Total noninterest expense
 
—

 
136

 
59,995

Income from discontinued operations before income taxes
 
—

 
4,596

 
7,164

Income tax expense
 
—

 
1,271

 
2,929

Income from discontinued operations
 
$
—

 
$
3,325

 
$
4,235


Statements of Cash Flows of Discontinued Operations
 
 
Year Ended December 31,
($ in thousands)
 
2019
 
2018
 
2017
Net cash provided by operating activities
 
$
—

 
$
14,916

 
$
365,045

Net cash provided by investing activities
 
—

 
—

 
56,123

Net cash provided by discontinued operations
 
$
—

 
$
14,916

 
$
421,168