SUPPLEMENTAL SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2019

selected financial information for the Company’s reportable business segments

The following tables present selected financial information for the Company’s reportable business segments for the years ended December 31, 2019, 2018, and 2017:

SUPPLEMENTAL SEGMENT INFORMATION

	Community		Mortgage
For the Year Ended December 31, 2019	Banking		Banking			Other			Eliminations			Total
	(In thousands)
Interest income	$	175,726		1,695			59			(364	)		177,116
Interest expense		35,736		483			2,138			(491	)		37,866
Net interest income (expense)		139,990		1,212			(2,079	)		127			139,250
Provision for (recovery of) loan losses		2,709		(129	)		—			—			2,580
Noninterest income from external customers		21,384		25,652			74			—			47,110
Intersegment noninterest income		966		17			—			(983	)		—
Noninterest expense		77,921		24,004			1,167			—			103,092
Intersegment noninterest expense		—		960			6			(966	)		—
Income (loss) before income taxes		81,710		2,046			(3,178	)		110			80,688
Income tax expense (benefit)		18,328		474			(879	)		25			17,948
Net income (loss)	$	63,382		1,572			(2,299	)		85			62,740

Assets	$	4,707,151		75,719			790,017			(864,014	)		4,708,873
Loans receivable, net		3,202,616		14,266			—			(5,466	)		3,211,416
Loans held for sale		996		30,286			—			—			31,282
Deposits		3,418,646		—			—			(10,285	)		3,408,361
Borrowed funds		449,814		5,100			42,761			(5,100	)		492,575

CAROLINA FINANCIAL CORP 10-K