NOTE 22 – BUSINESS SEGMENT INFORMATION

The following presents the Company’s operating segments. The accounting policies of the segments are substantially similar to those described in Note 1 – Summary of Significant Accounting Policies. Transactions between segments consist primarily of borrowed funds. Intersegment interest expense is allocated to the Factoring segment based on the Company’s prime rate. The provision for loan loss is allocated based on the segment’s ALLL determination. Noninterest income and expense directly attributable to a segment are assigned to it. Taxes are paid on a consolidated basis but not allocated for segment purposes. The Factoring segment includes only factoring originated by TBC. General factoring services not originated through TBC are included in the Banking segment. On March 31, 2017, we sold our 100% membership interest in TCA. As a result, the Asset Management segment had no operations subsequent to March 31, 2017.

(Dollars in thousands)						Asset
Year Ended December 31, 2017	Banking		Factoring			Management		Corporate			Consolidated
Total interest income	$	130,480	$	45,346		$	3	$	1,395		$	177,224
Intersegment interest allocations		8,023		(8,023	)		—		—			—
Total interest expense		16,240		—			—		5,300			21,540
Net interest income (expense)		122,263		37,323			3		(3,905	)		155,684
Provision for loan losses		9,310		2,227			—		91			11,628
Net interest income (expense) after provision		112,953		35,096			3		(3,996	)		144,056
Gain on sale of subsidiary		—		—			—		20,860			20,860
Other noninterest income		14,336		2,737			1,717		1,006			19,796
Noninterest expense		90,632		22,641			1,456		8,885			123,614
Operating income (loss)	$	36,657	$	15,192		$	264	$	8,985		$	61,098

(Dollars in thousands)						Asset
Year Ended December 31, 2016	Banking		Factoring			Management		Corporate			Consolidated
Total interest income	$	90,823	$	32,824		$	145	$	700		$	124,492
Intersegment interest allocations		4,583		(4,583	)		—		—			—
Total interest expense		9,872		—			—		2,262			12,134
Net interest income (expense)		85,534		28,241			145		(1,562	)		112,358
Provision for loan losses		6,239		454			—		—			6,693
Net interest income (expense) after provision		79,295		27,787			145		(1,562	)		105,665
Noninterest income		9,077		2,256			6,632		2,991			20,956
Noninterest expense		65,795		19,551			5,234		2,532			93,112
Operating income (loss)	$	22,577	$	10,492		$	1,543	$	(1,103	)	$	33,509

(Dollars in thousands)						Asset
Year Ended December 31, 2015	Banking		Factoring			Management		Corporate			Consolidated
Total interest income	$	65,831	$	32,103		$	108	$	718		$	98,760
Intersegment interest allocations		3,144		(3,144	)		—		—			—
Total interest expense		6,978		—			10		1,121			8,109
Net interest income (expense)		61,997		28,959			98		(403	)		90,651
Provision for loan losses		3,226		1,303			—		—			4,529
Net interest income (expense) after provision		58,771		27,656			98		(403	)		86,122
Bargain purchase gain		—		—			15,117		—			15,117
Other noninterest income		9,644		1,739			5,757		1,040			18,180
Noninterest expense		51,249		17,871			6,866		5,879			81,865
Operating income (loss)	$	17,166	$	11,524		$	14,106	$	(5,242	)	$	37,554

(Dollars in thousands)					Asset
December 31, 2017	Banking		Factoring		Management		Corporate		Eliminations			Consolidated
Total assets	$	3,444,322	$	360,922	$	—	$	504,656	$	(810,867	)	$	3,499,033
Gross loans held for investment	$	2,784,147	$	346,293	$	—	$	11,936	$	(331,520	)	$	2,810,856

(Dollars in thousands)					Asset
December 31, 2016	Banking		Factoring		Management		Corporate		Eliminations			Consolidated
Total assets	$	2,588,509	$	223,994	$	4,879	$	391,745	$	(568,060	)	$	2,641,067
Gross loans held for investment	$	1,961,552	$	212,784	$	—	$	1,866	$	(148,578	)	$	2,027,624