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Business Segments (Tables)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 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 24.57% for 2018, respectively.

			Three Months Ended September 30, 2019
(amounts in thousands)			Customers Bank Business Banking						BankMobile						Consolidated
Interest income (1)			$	113,995					$	12,723					$	126,718
Interest expense			50,734						249						50,983
Net interest income			63,261						12,474						75,735
Provision for loan and lease losses			2,475						1,951						4,426
Non-interest income			11,757						11,612						23,369
Non-interest expense			38,347						21,245						59,592
Income (loss) before income tax expense (benefit)			34,196						890						35,086
Income tax expense (benefit)			7,814						206						8,020
Net income (loss)			26,382						684						27,066
Preferred stock dividends			3,615						—						3,615
Net income (loss) available to common shareholders			$	22,767					$	684					$	23,451

			Three Months Ended September 30, 2018
(amounts in thousands)			Customers Bank Business Banking						BankMobile						Consolidated
Interest income (1)			$	106,156					$	3,889					$	110,045
Interest expense			45,982						62						46,044
Net interest income			60,174						3,827						64,001
Provision for loan and lease losses			2,502						422						2,924
Non-interest income			(7,756)						9,840						2,084
Non-interest expense			36,115						20,989						57,104
Income (loss) before income tax expense (benefit)			13,801						(7,744)						6,057
Income tax expense (benefit)			1,930						(1,902)						28
Net income (loss)			11,871						(5,842)						6,029
Preferred stock dividends			3,615						—						3,615
Net income (loss) available to common shareholders			$	8,256					$	(5,842)					$	2,414

(1) Amounts reported include funds transfer pricing of $0.3 million and $3.9 million for the three months ended September 30, 2019 and 2018, respectively, credited to BankMobile for the value provided to the Customers Bank Business Banking segment for the use of excess low/no cost deposits.

			Nine Months Ended September 30, 2019
(amounts in thousands)			Customers Bank Business Banking						BankMobile						Consolidated
Interest income (1)			$	309,882					$	29,863					$	339,745
Interest expense			139,402						625						140,027
Net interest income			170,480						29,238						199,718
Provision for loan and lease losses			3,245						11,294						14,539
Non-interest income			20,304						34,821						55,125
Non-interest expense			111,840						61,320						173,160
Income (loss) before income tax expense (benefit)			75,699						(8,555)						67,144
Income tax expense (benefit)			17,324						(1,981)						15,343
Net income (loss)			58,375						(6,574)						51,801
Preferred stock dividends			10,844						—						10,844
Net income (loss) available to common shareholders			$	47,531					$	(6,574)					$	40,957
As of September 30, 2019
Goodwill and other intangibles			$	3,629					$	11,892					$	15,521
Total assets (2)			$	11,131,914					$	591,876					$	11,723,790
Total deposits			$	8,260,080					$	665,605					$	8,925,685
Total non-deposit liabilities (2)			$	1,747,846					$	31,109					$	1,778,955

			Nine Months Ended September 30, 2018
(amounts in thousands)			Customers Bank Business Banking						BankMobile						Consolidated
Interest income (1)			$	302,820					$	11,829					$	314,649
Interest expense			118,081						214						118,295
Net interest income			184,739						11,615						196,354
Provision for loan and lease losses			3,128						1,129						4,257
Non-interest income			8,147						30,973						39,120
Non-interest expense			108,168						54,966						163,134
Income (loss) before income tax expense (benefit)			81,590						(13,507)						68,083
Income tax expense (benefit)			17,567						(3,317)						14,250
Net income (loss)			64,023						(10,190)						53,833
Preferred stock dividends			10,844						—						10,844
Net income (loss) available to common shareholders			$	53,179					$	(10,190)					$	42,989
As of September 30, 2018
Goodwill and other intangibles			$	3,629					$	13,196					$	16,825
Total assets (2)			$	10,542,175					$	74,929					$	10,617,104
Total deposits			$	7,781,225					$	732,489					$	8,513,714
Total non-deposit liabilities (2)			$	1,134,251					$	14,327					$	1,148,578

(1) Amounts reported include funds transfer pricing of $8.1 million and $11.8 million, for the nine months ended September 30, 2019 and 2018, respectively, credited to BankMobile for the value provided to the Customers Bank Business Banking segment for the use of excess low/no cost deposits.

(2) Amounts reported exclude inter-segment receivables/payables.

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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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

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