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Business Segment Information | 6 Months Ended
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Jun. 30, 2020
Business Segment Information |
Business Segment Information | 18) Business Segment Information ​ The following presents the Company’s operating segments. The Company operates through two business segments: Banking segment and Factoring segment. Transactions between segments consist primarily of borrowed funds. Intersegment interest expense is allocated to the Factoring segment based on the Company’s prime rate and funding costs. The provision for credit losses on loans is allocated based on the segment’s allowance for loan loss determination which considers the effects of charge-offs. Noninterest income and expense directly attributable to a segment are assigned to it. Taxes are paid on a consolidated basis and allocated for segment purposes. The Factoring segment includes only factoring originated by Bay View Funding. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, 2020
​ |  | Banking(1) |  | Factoring |  | Consolidated
​ | ​ | (Dollars in thousands)
Interest income | ​ | $ | 34,570 | ​ | ​ | 2,562 | ​ | $ | 37,132
Intersegment interest allocations | ​ | ​ | 218 | ​ | ​ | (218) | ​ | ​ | —
Total interest expense | ​ | ​ | 2,192 | ​ | ​ | — | ​ | ​ | 2,192
Net interest income | ​ | ​ | 32,596 | ​ | ​ | 2,344 | ​ | ​ | 34,940
Provision for credit losses on loans | ​ | ​ | 1,107 | ​ | ​ | 7 | ​ | ​ | 1,114
Net interest income after provision | ​ | ​ | 31,489 | ​ | ​ | 2,337 | ​ | ​ | 33,826
Noninterest income | ​ | ​ | 1,883 | ​ | ​ | 195 | ​ | ​ | 2,078
Noninterest expense | ​ | ​ | 19,336 | ​ | ​ | 1,676 | ​ | ​ | 21,012
Intersegment expense allocations | ​ | ​ | 106 | ​ | ​ | (106) | ​ | ​ | —
Income before income taxes | ​ | ​ | 14,142 | ​ | ​ | 750 | ​ | ​ | 14,892
Income tax (benefit) expense | ​ | ​ | 4,052 | ​ | ​ | 222 | ​ | ​ | 4,274
Net income | ​ | $ | 10,090 | ​ | $ | 528 | ​ | $ | 10,618
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total assets | ​ | $ | 4,546,199 | ​ | $ | 68,202 | ​ | $ | 4,614,401
Loans, net of deferred fees | ​ | $ | 2,644,480 | ​ | $ | 41,909 | ​ | $ | 2,686,389
Goodwill | ​ | $ | 154,587 | ​ | $ | 13,044 | ​ | $ | 167,631
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, 2019
​ |  | Banking(1) |  | Factoring |  | Consolidated
​ | ​ | (Dollars in thousands)
Interest income | ​ | $ | 30,521 | ​ | ​ | 2,968 | ​ | $ | 33,489
Intersegment interest allocations | ​ | ​ | 292 | ​ | ​ | (292) | ​ | ​ | —
Total interest expense | ​ | ​ | 2,573 | ​ | ​ | — | ​ | ​ | 2,573
Net interest income | ​ | ​ | 28,240 | ​ | ​ | 2,676 | ​ | ​ | 30,916
Provision (credit) for loan losses | ​ | ​ | (744) | ​ | ​ | 4 | ​ | ​ | (740)
Net interest income after provision | ​ | ​ | 28,984 | ​ | ​ | 2,672 | ​ | ​ | 31,656
Noninterest income | ​ | ​ | 2,641 | ​ | ​ | 124 | ​ | ​ | 2,765
Noninterest expense | ​ | ​ | 16,784 | ​ | ​ | 1,661 | ​ | ​ | 18,445
Intersegment expense allocations | ​ | ​ | 132 | ​ | ​ | (132) | ​ | ​ | —
Income before income taxes | ​ | ​ | 14,973 | ​ | ​ | 1,003 | ​ | ​ | 15,976
Income tax expense | ​ | ​ | 4,327 | ​ | ​ | 296 | ​ | ​ | 4,623
Net income | ​ | $ | 10,646 | ​ | $ | 707 | ​ | $ | 11,353
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total assets | ​ | $ | 3,045,378 | ​ | $ | 62,653 | ​ | $ | 3,108,031
Loans, net of deferred fees | ​ | $ | 1,827,936 | ​ | $ | 49,831 | ​ | $ | 1,877,767
Goodwill | ​ | $ | 70,709 | ​ | $ | 13,044 | ​ | $ | 83,753
| (1) | Includes the holding company’s results of operations
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended June 30, 2020
​ |  | Banking (1) |  | Factoring |  | Consolidated
​ | ​ | (Dollars in thousands)
Interest income | ​ | $ | 72,635 | ​ | $ | 5,439 | ​ | $ | 78,074
Intersegment interest allocations | ​ | ​ | 502 | ​ | ​ | (502) | ​ | ​ | —
Total interest expense | ​ | ​ | 4,554 | ​ | ​ | — | ​ | ​ | 4,554
Net interest income | ​ | ​ | 68,583 | ​ | ​ | 4,937 | ​ | ​ | 73,520
Provision for credit losses on loans | ​ | ​ | 13,981 | ​ | ​ | 403 | ​ | ​ | 14,384
Net interest income after provision | ​ | ​ | 54,602 | ​ | ​ | 4,534 | ​ | ​ | 59,136
Noninterest income | ​ | ​ | 4,906 | ​ | ​ | 365 | ​ | ​ | 5,271
Noninterest expense | ​ | ​ | 43,519 | ​ | ​ | 3,267 | ​ | ​ | 46,786
Intersegment expense allocations | ​ | ​ | 235 | ​ | ​ | (235) | ​ | ​ | —
Income before income taxes | ​ | ​ | 16,224 | ​ | ​ | 1,397 | ​ | ​ | 17,621
Income tax expense | ​ | ​ | 4,729 | ​ | ​ | 413 | ​ | ​ | 5,142
Net income | ​ | $ | 11,495 | ​ | $ | 984 | ​ | $ | 12,479
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total assets | ​ | $ | 4,546,199 | ​ | $ | 68,202 | ​ | $ | 4,614,401
Loans, net of deferred fees | ​ | $ | 2,644,480 | ​ | $ | 41,909 | ​ | $ | 2,686,389
Goodwill | ​ | $ | 154,587 | ​ | $ | 13,044 | ​ | $ | 167,631
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended June 30, 2019
​ |  | Banking (1) |  | Factoring |  | Consolidated
​ | ​ | (Dollars in thousands)
Interest income | ​ | $ | 61,017 | ​ | $ | 5,921 | ​ | $ | 66,938
Intersegment interest allocations | ​ | ​ | 606 | ​ | ​ | (606) | ​ | ​ | —
Total interest expense | ​ | ​ | 4,980 | ​ | ​ | — | ​ | ​ | 4,980
Net interest income | ​ | ​ | 56,643 | ​ | ​ | 5,315 | ​ | ​ | 61,958
Provision for loan losses | ​ | ​ | (1,636) | ​ | ​ | (165) | ​ | ​ | (1,801)
Net interest income after provision | ​ | ​ | 58,279 | ​ | ​ | 5,480 | ​ | ​ | 63,759
Noninterest income | ​ | ​ | 4,873 | ​ | ​ | 360 | ​ | ​ | 5,233
Noninterest expense | ​ | ​ | 32,985 | ​ | ​ | 3,378 | ​ | ​ | 36,363
Intersegment expense allocations | ​ | ​ | 253 | ​ | ​ | (253) | ​ | ​ | —
Income before income taxes | ​ | ​ | 30,420 | ​ | ​ | 2,209 | ​ | ​ | 32,629
Income tax expense | ​ | ​ | 8,477 | ​ | ​ | 653 | ​ | ​ | 9,130
Net income | ​ | $ | 21,943 | ​ | $ | 1,556 | ​ | $ | 23,499
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total assets | ​ | $ | 3,045,378 | ​ | $ | 62,653 | ​ | $ | 3,108,031
Loans, net of deferred fees | ​ | $ | 1,827,936 | ​ | $ | 49,831 | ​ | $ | 1,877,767
Goodwill | ​ | $ | 70,709 | ​ | $ | 13,044 | ​ | $ | 83,753
| (1) | Includes the holding company’s results of operations

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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