v3.22.2.2
Segments
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
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), OpenSky® (the Company’s credit card division) and the Corporate Office. The following schedule presents financial information for each reportable segment at September 30, 2022 and September 30, 2021.
Segments
For the Three Months Ended September 30, 2022
(in thousands)Commercial BankCBHL
OpenSky®
Corporate(2)
EliminationsConsolidated
Interest income$20,382 $102 $17,103 $812 $(59)$38,340 
Interest expense1,449 40 — 233 (59)1,663 
Net interest income18,933 62 17,103 579 — 36,677 
Provision (release of provision) for loan losses(980)— 2,240 — — 1,260 
Net interest income after provision19,913 62 14,863 579 — 35,417 
Noninterest income468 1,115 5,524 1 — 7,108 
Noninterest expense(1)
13,798 2,017 12,101 178 — 28,094 
Net income (loss) before taxes$6,583 $(840)$8,286 $402 $— $14,431 
Total assets$1,823,049 $7,664 $128,842 $234,731 $(184,928)$2,009,358 
For the Three Months Ended September 30, 2021
Interest income$17,109 $248 $15,635 $574 $(38)$33,528 
Interest expense1,160 177 — 170 (38)1,469 
Net interest income15,949 71 15,635 404 — 32,059 
Provision for loan losses— — 975 — — 975 
Net interest income after provision15,949 71 14,660 404 — 31,084 
Noninterest income559 4,484 7,553 1 — 12,597 
Noninterest expense(1)
12,073 2,775 13,677 102 — 28,627 
Net income before taxes$4,435 $1,780 $8,536 $303 $— $15,054 
Total assets$1,956,340 $36,791 $135,612 $209,070 $(168,257)$2,169,556 
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(1)     Noninterest expense includes $6.6 million and $9.4 million in data processing expense in OpenSky’s® segment for the three months ended September 30, 2022 and 2021, 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.
For the Nine Months Ended September 30, 2022
(in thousands)Commercial BankCBHL
OpenSky®
Corporate(2)
EliminationsConsolidated
Interest income$57,794 $347 $48,823 $2,457 $(123)$109,298 
Interest expense3,255 185 — 573 (123)3,890 
Net interest income54,539 162 48,823 1,884 — 105,408 
Provision (release of provision) for loan losses(980)— 5,227 — — 4,247 
Net interest income after provision55,519 162 43,596 1,884 — 101,161 
Noninterest income1,571 4,580 17,658 2 — 23,811 
Noninterest expense(1)
38,741 6,364 36,923 351 — 82,379 
Net income (loss) before taxes$18,349 $(1,622)$24,331 $1,535 $— $42,593 
Total assets$1,823,049 $7,664 $128,842 $234,731 $(184,928)$2,009,358 
For the Nine Months Ended September 30, 2021
Interest income$51,969 $1,037 $34,944 $1,604 $(99)$89,455 
Interest expense4,285 745 — 502 (99)5,433 
Net interest income47,684 292 34,944 1,102 — 84,022 
Provision for loan losses433 — 1,756 70 — 2,259 
Net interest income after provision47,251 292 33,188 1,032 — 81,763 
Noninterest income1,212 17,529 21,208 43 — 39,992 
Noninterest expense(1)
31,962 9,941 39,379 290 — 81,572 
Net income before taxes$16,501 $7,880 $15,017 $785 $— $40,183 
Total assets$1,956,340 $36,791 $135,612 $209,070 $(168,257)$2,169,556 
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(1)     Noninterest expense includes $20.9 million and $27.3 million in data processing expense in OpenSky’s® segment for the nine months ended September 30, 2022 and 2021, 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.