XML 52 R39.htm IDEA: XBRL DOCUMENT
v3.23.2

Business Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
Three months ended June 30, 2023 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Consolidated
Total interest income |  | $ | 65,624 |  |  | $ | 36,367 |  |  | $ | 3,451 |  |  | $ | 44 |  |  | $ | 105,486 |
Intersegment interest allocations |  | 7,478 |  |  | (9,358) |  |  | 1,880 |  |  | — |  |  | — |
Total interest expense |  | 11,634 |  |  | — |  |  | — |  |  | 2,401 |  |  | 14,035 |
Net interest income (expense) |  | 61,468 |  |  | 27,009 |  |  | 5,331 |  |  | (2,357) |  |  | 91,451 |
Credit loss expense (benefit) |  | 831 |  |  | 1,481 |  |  | 41 |  |  | 290 |  |  | 2,643 |
Net interest income after credit loss expense |  | 60,637 |  |  | 25,528 |  |  | 5,290 |  |  | (2,647) |  |  | 88,808 |
Noninterest income |  | 6,347 |  |  | 980 |  |  | 4,119 |  |  | 65 |  |  | 11,511 |
Intersegment noninterest income (expense)(1) |  | — |  |  | (97) |  |  | 97 |  |  | — |  |  | — |
Noninterest expense |  | 31,934 |  |  | 20,218 |  |  | 16,939 |  |  | 21,305 |  |  | 90,396 |
Net income (loss) before income tax expense |  | $ | 35,050 |  |  | $ | 6,193 |  |  | $ | (7,433) |  |  | $ | (23,887) |  |  | $ | 9,923 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
Three months ended June 30, 2022 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Consolidated
Total interest income |  | $ | 46,239 |  |  | $ | 55,854 |  |  | $ | 4,172 |  |  | $ | 42 |  |  | $ | 106,307 |
Intersegment interest allocations |  | 4,246 |  |  | (3,878) |  |  | (368) |  |  | — |  |  | — |
Total interest expense |  | 3,021 |  |  | — |  |  | — |  |  | 1,858 |  |  | 4,879 |
Net interest income (expense) |  | 47,464 |  |  | 51,976 |  |  | 3,804 |  |  | (1,816) |  |  | 101,428 |
Credit loss expense (benefit) |  | 3,120 |  |  | 64 |  |  | (184) |  |  | (99) |  |  | 2,901 |
Net interest income after credit loss expense |  | 44,344 |  |  | 51,912 |  |  | 3,988 |  |  | (1,717) |  |  | 98,527 |
Noninterest income |  | 22,282 |  |  | 15,521 |  |  | 10,309 |  |  | 48 |  |  | 48,160 |
Intersegment noninterest income (expense)(1) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Noninterest expense |  | 31,205 |  |  | 23,512 |  |  | 17,663 |  |  | 16,227 |  |  | 88,607 |
Net income (loss) before income tax expense |  | $ | 35,421 |  |  | $ | 43,921 |  |  | $ | (3,366) |  |  | $ | (17,896) |  |  | $ | 58,080 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
Six months ended June 30, 2023 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Consolidated
Total interest income |  | $ | 125,350 |  |  | $ | 74,524 |  |  | $ | 6,198 |  |  | $ | 88 |  |  | $ | 206,160 |
Intersegment interest allocations |  | 15,090 |  |  | (18,512) |  |  | 3,422 |  |  | — |  |  | — |
Total interest expense |  | 16,582 |  |  | — |  |  | — |  |  | 4,745 |  |  | 21,327 |
Net interest income (expense) |  | 123,858 |  |  | 56,012 |  |  | 9,620 |  |  | (4,657) |  |  | 184,833 |
Credit loss expense (benefit) |  | 2,754 |  |  | 2,030 |  |  | 41 |  |  | 431 |  |  | 5,256 |
Net interest income after credit loss expense |  | 121,104 |  |  | 53,982 |  |  | 9,579 |  |  | (5,088) |  |  | 179,577 |
Noninterest income |  | 12,020 |  |  | 2,558 |  |  | 7,826 |  |  | 129 |  |  | 22,533 |
Intersegment noninterest income (expense)(1) |  | — |  |  | (362) |  |  | 362 |  |  | — |  |  | — |
Noninterest expense |  | 64,174 |  |  | 41,987 |  |  | 32,356 |  |  | 41,160 |  |  | 179,677 |
Net income (loss) before income tax expense |  | $ | 68,950 |  |  | $ | 14,191 |  |  | $ | (14,589) |  |  | $ | (46,119) |  |  | $ | 22,433 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
Six months ended June 30, 2022 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Consolidated
Total interest income |  | $ | 88,422 |  |  | $ | 112,228 |  |  | $ | 9,004 |  |  | $ | 88 |  |  | $ | 209,742 |
Intersegment interest allocations |  | 4,851 |  |  | (4,430) |  |  | (421) |  |  | — |  |  | — |
Total interest expense |  | 4,624 |  |  | — |  |  | — |  |  | 3,611 |  |  | 8,235 |
Net interest income (expense) |  | 88,649 |  |  | 107,798 |  |  | 8,583 |  |  | (3,523) |  |  | 201,507 |
Credit loss expense (benefit) |  | 250 |  |  | 2,013 |  |  | 170 |  |  | 969 |  |  | 3,402 |
Net interest income after credit loss expense |  | 88,399 |  |  | 105,785 |  |  | 8,413 |  |  | (4,492) |  |  | 198,105 |
Noninterest income |  | 28,253 |  |  | 17,392 |  |  | 13,551 |  |  | 85 |  |  | 59,281 |
Intersegment noninterest income (expense)(1) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Noninterest expense |  | 59,817 |  |  | 45,643 |  |  | 31,996 |  |  | 29,715 |  |  | 167,171 |
Net income (loss) before income tax expense |  | $ | 56,835 |  |  | $ | 77,534 |  |  | $ | (10,032) |  |  | $ | (34,122) |  |  | $ | 90,215 |
(1) Intersegment noninterest income (expense) includes:
(Dollars in thousands) |  | Factoring |  | Payments
Three Months Ended June 30, 2023 |  |  |  |
Factoring revenue received from Payments |  | $ | 170 |  |  | $ | (170) |
Payments revenue received from Factoring |  | (267) |  |  | 267 |
Intersegment noninterest income (expense) |  | $ | (97) |  |  | $ | 97 |
Three Months Ended June 30, 2022 |  |  |  |
Factoring revenue received from Payments |  | $ | — |  |  | $ | — |
Payments revenue received from Factoring |  | — |  |  | — |
Intersegment noninterest income (expense) |  | $ | — |  |  | $ | — |
Six months ended June 30, 2023 |  |  |  |
Factoring revenue received from Payments |  | $ | 170 |  |  | $ | (170) |
Payments revenue received from Factoring |  | (532) |  |  | 532 |
Intersegment noninterest income (expense) |  | $ | (362) |  |  | $ | 362 |
Six months ended June 30, 2022 |  |  |  |
Factoring revenue received from Payments |  | $ | — |  |  | $ | — |
Payments revenue received from Factoring |  | — |  |  | — |
Intersegment noninterest income (expense) |  | $ | — |  |  | $ | — |
Total assets and gross loans below include intersegment loans, which eliminate in consolidation.
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2023 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Eliminations |  | Consolidated
Total assets |  | $ | 5,161,837 |  |  | $ | 1,084,139 |  |  | $ | 447,935 |  |  | $ | 1,021,259 |  |  | $ | (2,062,449) |  |  | $ | 5,652,721 |
Gross loans |  | $ | 3,688,130 |  |  | $ | 997,842 |  |  | $ | 175,952 |  |  | $ | — |  |  | $ | (537,166) |  |  | $ | 4,324,758 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2022 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Eliminations |  | Consolidated
Total assets |  | $ | 4,910,628 |  |  | $ | 1,260,209 |  |  | $ | 371,948 |  |  | $ | 1,061,662 |  |  | $ | (2,270,664) |  |  | $ | 5,333,783 |
Gross loans |  | $ | 3,572,716 |  |  | $ | 1,151,727 |  |  | $ | 85,722 |  |  | $ | — |  |  | $ | (689,874) |  |  | $ | 4,120,291 |

X
- 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration