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v3.20.4

Business Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Business Segment Information |
Schedule of information by operating segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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 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 -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 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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