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Business Segment Information | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Business Segment Information | BUSINESS SEGMENT INFORMATION The following presents the Company’s operating segments. The accounting policies of the segments are substantially the same as 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 and Payments segments based on Federal Home Loan Bank advance rates. Credit loss expense is allocated based on the segment’s allowance for credit losses determination. Noninterest income and expense directly attributable to a segment are assigned to it and the majority of salaries and benefits expense for the Company's executive leadership team is allocated to the Banking segment. Taxes are paid on a consolidated basis and are not allocated for segment purposes. The Factoring segment includes only factoring originated by TBC.
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
Year Ended December 31, 2021 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Consolidated
Total interest income |  | $ | 189,621 |  |  | $ | 185,741 |  |  | $ | 12,093 |  |  | $ | 100 |  |  | $ | 387,555 |
Intersegment interest allocations |  | 10,389 |  |  | (9,878) |  |  | (511) |  |  | — |  |  | — |
Total interest expense |  | 10,205 |  |  | — |  |  | — |  |  | 8,220 |  |  | 18,425 |
Net interest income (expense) |  | 189,805 |  |  | 175,863 |  |  | 11,582 |  |  | (8,120) |  |  | 369,130 |
Credit loss expense (benefit) |  | (19,016) |  |  | 9,691 |  |  | 438 |  |  | 57 |  |  | (8,830) |
Net interest income after credit loss expense |  | 208,821 |  |  | 166,172 |  |  | 11,144 |  |  | (8,177) |  |  | 377,960 |
Noninterest income |  | 33,447 |  |  | 13,005 |  |  | 7,451 |  |  | 598 |  |  | 54,501 |
Noninterest expense |  | 169,114 |  |  | 74,768 |  |  | 39,769 |  |  | 3,856 |  |  | 287,507 |
Operating income (loss) |  | $ | 73,154 |  |  | $ | 104,409 |  |  | $ | (21,174) |  |  | $ | (11,435) |  |  | $ | 144,954 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
Year Ended December 31, 2020 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Consolidated
Total interest income |  | $ | 207,978 |  |  | $ | 109,391 |  |  | $ | 4,474 |  |  | $ | 272 |  |  | $ | 322,115 |
Intersegment interest allocations |  | 12,815 |  |  | (12,371) |  |  | (444) |  |  | — |  |  | — |
Total interest expense |  | 29,910 |  |  | — |  |  | — |  |  | 7,477 |  |  | 37,387 |
Net interest income (expense) |  | 190,883 |  |  | 97,020 |  |  | 4,030 |  |  | (7,205) |  |  | 284,728 |
Credit loss expense (benefit) |  | 20,217 |  |  | 16,042 |  |  | 172 |  |  | 1,898 |  |  | 38,329 |
Net interest income after credit loss expense |  | 170,666 |  |  | 80,978 |  |  | 3,858 |  |  | (9,103) |  |  | 246,399 |
Gain on sale of subsidiary or division |  | 9,758 |  |  | — |  |  | — |  |  | — |  |  | 9,758 |
Other noninterest income |  | 29,379 |  |  | 21,010 |  |  | 125 |  |  | 113 |  |  | 50,627 |
Noninterest expense |  | 151,115 |  |  | 54,011 |  |  | 12,880 |  |  | 4,068 |  |  | 222,074 |
Operating income (loss) |  | $ | 58,688 |  |  | $ | 47,977 |  |  | $ | (8,897) |  |  | $ | (13,058) |  |  | $ | 84,710 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
Year Ended December 31, 2019 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Consolidated
Total interest income |  | $ | 210,528 |  |  | $ | 98,247 |  |  | $ | 1,214 |  |  | $ | 1,164 |  |  | $ | 311,153 |
Intersegment interest allocations |  | 11,510 |  |  | (11,294) |  |  | (216) |  |  | — |  |  | — |
Total interest expense |  | 48,786 |  |  | — |  |  | — |  |  | 6,464 |  |  | 55,250 |
Net interest income (expense) |  | 173,252 |  |  | 86,953 |  |  | 998 |  |  | (5,300) |  |  | 255,903 |
Credit loss expense (benefit) |  | 5,465 |  |  | 2,486 |  |  | 68 |  |  | (77) |  |  | 7,942 |
Net interest income after credit loss expense |  | 167,787 |  |  | 84,467 |  |  | 930 |  |  | (5,223) |  |  | 247,961 |
Noninterest income |  | 26,825 |  |  | 4,727 |  |  | 49 |  |  | (32) |  |  | 31,569 |
Noninterest expense |  | 141,900 |  |  | 51,780 |  |  | 6,720 |  |  | 3,684 |  |  | 204,084 |
Operating income (loss) |  | $ | 52,712 |  |  | $ | 37,414 |  |  | $ | (5,741) |  |  | $ | (8,939) |  |  | $ | 75,446 |
Total assets and gross loans below include intersegment loans, which eliminate in consolidation.
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2021 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Eliminations |  | Consolidated
Total assets |  | $ | 5,568,826 |  |  | $ | 1,679,495 |  |  | $ | 293,212 |  |  | $ | 1,009,998 |  |  | $ | (2,595,281) |  |  | $ | 5,956,250 |
Gross loans |  | $ | 4,444,136 |  |  | $ | 1,546,361 |  |  | $ | 153,176 |  |  | $ | 700 |  |  | $ | (1,276,801) |  |  | $ | 4,867,572 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2020 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Eliminations |  | Consolidated
Total assets |  | $ | 5,791,537 |  |  | $ | 1,121,704 |  |  | $ | 115,836 |  |  | $ | 861,967 |  |  | $ | (1,955,253) |  |  | $ | 5,935,791 |
Gross loans |  | $ | 4,788,093 |  |  | $ | 1,036,548 |  |  | $ | 84,222 |  |  | $ | 800 |  |  | $ | (912,887) |  |  | $ | 4,996,776 |

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