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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

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- References

No definition available.

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