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Business Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2020
Business Segment Information |
Schedule of information by operating segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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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