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Business Segment Information | 12 Months Ended
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Dec. 31, 2020
Business Segment Information |
Business Segment Information | 21) 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 loan loss 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. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2020
​ |  | Banking (1) |  | Factoring |  | Consolidated
​ | ​ | (Dollars in thousands)
Interest income | ​ | $ | 139,744 | ​ | $ | 10,727 | ​ | $ | 150,471
Intersegment interest allocations | ​ | ​ | 923 | ​ | ​ | (923) | ​ | ​ | —
Total interest expense | ​ | ​ | 8,581 | ​ | ​ | — | ​ | ​ | 8,581
Net interest income | ​ | ​ | 132,086 | ​ | ​ | 9,804 | ​ | ​ | 141,890
Provision for credit losses on loans | ​ | ​ | 12,928 | ​ | ​ | 305 | ​ | ​ | 13,233
Net interest income after provision | ​ | ​ | 119,158 | ​ | ​ | 9,499 | ​ | ​ | 128,657
Noninterest income | ​ | ​ | 9,277 | ​ | ​ | 645 | ​ | ​ | 9,922
Noninterest expense (2) | ​ | ​ | 83,149 | ​ | ​ | 6,362 | ​ | ​ | 89,511
Intersegment expense allocations | ​ | ​ | 404 | ​ | ​ | (404) | ​ | ​ | —
Income before income taxes | ​ | ​ | 45,690 | ​ | ​ | 3,378 | ​ | ​ | 49,068
Income tax expense | ​ | ​ | 12,770 | ​ | ​ | 999 | ​ | ​ | 13,769
Net income | ​ | $ | 32,920 | ​ | $ | 2,379 | ​ | $ | 35,299
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total assets | ​ | $ | 4,567,239 | ​ | $ | 66,875 | ​ | $ | 4,634,114
Loans, net of deferred fees | ​ | $ | 2,572,060 | ​ | $ | 47,201 | ​ | $ | 2,619,261
Goodwill | ​ | $ | 154,587 | ​ | $ | 13,044 | ​ | $ | 167,631
(1) | Includes the holding company’s results of operations.
​
(2) | The banking segment’s noninterest expense includes merger-related costs of $2,601,000.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2019
​ |  | Banking (1) |  | Factoring |  | Consolidated
​ | ​ | (Dollars in thousands)
Interest income | ​ | $ | 130,971 | ​ | $ | 11,688 | ​ | $ | 142,659
Intersegment interest allocations | ​ |  | 1,182 | ​ |  | (1,182) | ​ | ​ | —
Total interest expense | ​ |  | 10,847 | ​ |  | — | ​ | ​ | 10,847
Net interest income | ​ |  | 121,306 | ​ |  | 10,506 | ​ | ​ | 131,812
Provision for loan losses | ​ |  | 517 | ​ |  | 329 | ​ | ​ | 846
Net interest income after provision | ​ |  | 120,789 | ​ |  | 10,177 | ​ | ​ | 130,966
Noninterest income | ​ |  | 9,643 | ​ |  | 601 | ​ | ​ | 10,244
Noninterest expense (2) | ​ |  | 78,159 | ​ |  | 6,739 | ​ | ​ | 84,898
Intersegment expense allocations | ​ |  | 547 | ​ |  | (547) | ​ | ​ | —
Income before income taxes | ​ |  | 52,820 | ​ |  | 3,492 | ​ | ​ | 56,312
Income tax expense | ​ |  | 14,819 | ​ |  | 1,032 | ​ | ​ | 15,851
Net income | ​ | $ | 38,001 | ​ | $ | 2,460 | ​ | $ | 40,461
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total assets | ​ | $ | 4,045,801 | ​ | $ | 63,662 | ​ | $ | 4,109,463
Loans, net of deferred fees | ​ | $ | 2,487,864 | ​ | $ | 45,980 | ​ | $ | 2,533,844
Goodwill | ​ | $ | 154,376 | ​ | $ | 13,044 | ​ | $ | 167,420
(1) | Includes the holding company’s results of operations.
(2) | The banking segment’s noninterest expense includes merger-related costs of $11,080,000.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ ​ | ​ | Year Ended December 31, 2018
​ |  | Banking (1) |  | Factoring |  | Consolidated
​ | ​ | (Dollars in thousands)
Interest income | ​ | $ | 115,147 | ​ | $ | 14,698 | ​ | $ | 129,845
Intersegment interest allocations | ​ |  | 1,856 | ​ |  | (1,856) | ​ |  | —
Total interest expense | ​ |  | 7,822 | ​ |  | — | ​ |  | 7,822
Net interest income | ​ |  | 109,181 | ​ |  | 12,842 | ​ |  | 122,023
Provision for loan losses | ​ |  | 7,224 | ​ |  | 197 | ​ |  | 7,421
Net interest income after provision | ​ |  | 101,957 | ​ |  | 12,645 | ​ |  | 114,602
Noninterest income | ​ |  | 8,662 | ​ |  | 912 | ​ |  | 9,574
Noninterest expense (2) | ​ |  | 69,164 | ​ |  | 6,357 | ​ |  | 75,521
Intersegment expense allocations | ​ | ​ | 753 | ​ | ​ | (753) | ​ | ​ | —
Income before income taxes | ​ |  | 42,208 | ​ |  | 6,447 | ​ |  | 48,655
Income tax expense | ​ |  | 11,418 | ​ |  | 1,906 | ​ |  | 13,324
Net income | ​ | $ | 30,790 | ​ | $ | 4,541 | ​ | $ | 35,331
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total assets | ​ | $ | 3,028,721 | ​ | $ | 67,841 | ​ | $ | 3,096,562
Loans, net of deferred fees | ​ | $ | 1,832,815 | ​ | $ | 53,590 | ​ | $ | 1,886,405
Goodwill | ​ | $ | 70,709 | ​ | $ | 13,044 | ​ | $ | 83,753
(1) | Includes the holding company’s results of operations.
​
(2) | The banking segment’s noninterest expense includes merger-related costs of $9,167,000.

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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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