v3.22.0.1
Segments
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segments Segments
The Company’s reportable segments represent business units with discrete financial information whose results are regularly reviewed by management. The four segments include Commercial Banking, Capital Bank Home Loans (the Company’s mortgage loan division), and OpenSky® (the Company’s credit card division) and the Corporate Office. The following schedule presents financial information for each reportable segment at December 31, 2021 and 2020.
Segments
(in thousands)
December 31, 2021Commercial BankCBHL
OpenSky®
Corporate(2)
EliminationsConsolidated
Interest income$69,433 $1,217 $50,422 $2,307 $(136)$123,243 
Interest expense5,142 874 — 670 (136)6,550 
Net interest income64,291 343 50,422 1,637 — 116,693 
Provision for loan losses433 — 2,856 70 — 3,359 
Noninterest income1,759 20,911 27,884 82 — 50,636 
Noninterest expense(1)
44,729 12,713 52,231 421 — 110,094 
Net income before taxes$20,888 $8,541 $23,219 $1,228 $— $53,876 
Total assets$1,859,201 $16,698 $138,232 $217,993 $(176,824)$2,055,300 
December 31, 2020
Interest income$66,373 $2,611 $25,907 $2,481 $(121)$97,251 
Interest expense10,396 1,691 — 1,216 (121)13,182 
Net interest income55,977 920 25,907 1,265 — 84,069 
Provision for loan losses9,461 — 1,681 100 — 11,242 
Noninterest income822 43,250 16,966 23 — 61,061 
Noninterest expense(1)
35,790 27,530 35,013 418 — 98,751 
Net income before taxes$11,548 $16,640 $6,179 $770 $— $35,137 
Total assets$1,624,280 $107,507 $113,244 $178,569 $(147,006)$1,876,593 
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(1)Noninterest expense includes $36.1 million and $24.5 million in data processing expenses in OpenSky’s® segment for the years ended December 31, 2021 and 2020, respectively.
(2)The Corporate segment invests idle cash in revenue producing assets including interest bearing cash accounts, loan participations and other appropriate investments for the Company.