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DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Discontinued Operations
The following presents operating results of the discontinued operations of FCLS for the years ended December 31, 2019, 2018, and 2017:
 
 
Years Ended December 31,
(in thousands)
 
2019
 
2018
 
2017
Interest income
 
$
6,085

 
$
5,267

 
$
5,182

Interest expense
 
3,372

 
2,131

 
1,350

Net interest income
 
2,713

 
3,136

 
3,832

Non-interest income
 
38,517

 
35,574

 
51,445

Total net revenue
 
41,230

 
38,710

 
55,277

Non-interest expense
 
46,769

 
43,477

 
46,732

(Loss)/income from discontinued operations before income taxes
 
(5,539
)
 
(4,767
)
 
8,545

Income tax expense
 
(1,468
)
 
(1,313
)
 
2,414

Net income from discontinued operations
 
$
(4,071
)
 
$
(3,454
)
 
$
6,131


The following is a summary of the assets and liabilities of the discontinued operations of FCLS at December 31, 2019 and December 31, 2018:
(in thousands)
 
December 31, 2019
 
December 31, 2018
Assets
 
 
 
 
Loans held for sale, at fair value
 
$
132,655

 
$
94,050

Premises and equipment, net
 
1,073

 
1,867

Mortgage servicing rights, at fair value
 
12,299

 
11,500

Mortgage banking derivatives
 
2,329

 
3,254

Right-of-use asset
 
3,462

 
—

Deferred tax
 
(3,418
)
 
(3,270
)
Other assets
 
5,732

 
6,858

Total assets
 
$
154,132

 
$
114,259

Liabilities
 
 
 
 
Customer payments in process
 
$
15,372

 
$
6,584

Lease liability
 
3,494

 
—

Other liabilities
 
7,615

 
3,013

Total liabilities
 
$
26,481

 
$
9,597