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Business Segments (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables present the operating results for Customers' reportable business segments for the three months ended March 31, 2019 and 2018. The segment financial results include directly attributable revenues and expenses. Consistent with the presentation of segment results to Customers' chief operating decision makers, overhead costs and preferred stock dividends are assigned to the Customers Bank Business Banking segment. The tax benefit assigned to BankMobile was based on an estimated effective tax rate of 23.15% for 2019 and 24.56% for 2018, respectively.

	Three Months Ended March 31, 2019
(amounts in thousands)	Customers Bank Business Banking				BankMobile				Consolidated
Interest income (1)	$	92,871			$	8,204			$	101,075
Interest expense	41,605				166				41,771
Net interest income	51,266				8,038				59,304
Provision for loan losses	2,976				1,791				4,767
Non-interest income	7,577				12,141				19,718
Non-interest expense	35,384				18,600				53,984
Income (loss) before income tax expense (benefit)	20,483				(212		)		20,271
Income tax expense (benefit)	4,880				(49		)		4,831
Net income (loss)	15,603				(163		)		15,440
Preferred stock dividends	3,615				—				3,615
Net income (loss) available to common shareholders	$	11,988			$	(163	)		$	11,825
As of March 31, 2019
Goodwill and other intangibles	$	3,629			$	12,544			$	16,173
Total assets	$	9,916,308			$	227,586			$	10,143,894
Total deposits	$	6,798,562			$	626,756			$	7,425,318
Total non-deposit liabilities	$	1,719,469			$	20,734			$	1,740,203

(1) Amounts reported include funds transfer pricing of $5.6 million for the three months ended March 31, 2019, credited to BankMobile for the value provided to the Customers Bank Business Banking segment for the use of low/no cost deposits.

	Three Months Ended March 31, 2018
(amounts in thousands)	Customers Bank Banking				BankMobile				Consolidated
Interest income (2)	$	92,554			$	4,410			$	96,964
Interest expense	31,917				16				31,933
Net interest income	60,637				4,394				65,031
Provision for loan losses	1,874				243				2,117
Non-interest income	8,439				12,471				20,910
Non-interest expense	34,331				17,949				52,280
Income (loss) before income tax expense (benefit)	32,871				(1,327		)		31,544
Income tax expense (benefit)	7,728				(326		)		7,402
Net income (loss)	25,143				(1,001		)		24,142
Preferred stock dividends	3,615				—				3,615
Net income (loss) available to common shareholders	$	21,528			$	(1,001	)		$	20,527
As of March 31, 2018
Goodwill and other intangibles	$	3,630			$	13,847			$	17,477
Total assets	$	10,690,479			$	78,787			$	10,769,266
Total deposits	$	6,418,810			$	623,649			$	7,042,459
Total non-deposit liabilities	$	2,759,156			$	48,563			$	2,807,719

(2) Amounts reported include funds transfer pricing of $4.4 million for the three months ended March 31, 2018 credited to BankMobile for the value provided to the Customers Bank Business Banking segment for the use of low/no cost deposits.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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