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Business Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Schedule of Segment Financial Results

Business Segment financial results for the three months ended March 31, 2020 and March 31, 2019 were as follows (in thousands):

 

 

 

Three Months Ended March 31, 2020

 

 

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Total

 

Net interest income

 

$

106,948

 

 

$

33,036

 

 

$

33,957

 

 

$

173,941

 

Provision for credit losses

 

 

82,220

 

 

 

275

 

 

 

5,505

 

 

 

88,000

 

Noninterest income

 

 

11,240

 

 

 

61,952

 

 

 

25,232

 

 

 

98,424

 

Noninterest expense

 

 

59,043

 

 

 

68,453

 

 

 

61,123

 

 

 

188,619

 

(Loss) income before taxes

 

 

(23,075

)

 

 

26,260

 

 

 

(7,439

)

 

 

(4,254

)

Income tax (benefit) expense

 

 

(4,421

)

 

 

5,032

 

 

 

(1,426

)

 

 

(815

)

Net (loss) income

 

$

(18,654

)

 

$

21,228

 

 

$

(6,013

)

 

$

(3,439

)

Average assets

 

$

11,609,000

 

 

$

9,006,000

 

 

$

5,425,000

 

 

$

26,040,000

 

 

 

 

Three Months Ended March 31, 2019

 

 

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Total

 

Net interest income

 

$

99,814

 

 

$

31,752

 

 

$

32,302

 

 

$

163,868

 

Provision for credit losses

 

 

10,329

 

 

 

286

 

 

 

1,735

 

 

 

12,350

 

Noninterest income

 

 

23,181

 

 

 

55,850

 

 

 

28,351

 

 

 

107,382

 

Noninterest expense

 

 

66,820

 

 

 

65,398

 

 

 

58,408

 

 

 

190,626

 

Income before taxes

 

 

45,846

 

 

 

21,918

 

 

 

510

 

 

 

68,274

 

Income tax expense

 

 

7,071

 

 

 

3,380

 

 

 

79

 

 

 

10,530

 

Net income

 

$

38,775

 

 

$

18,538

 

 

$

431

 

 

$

57,744

 

Average assets

 

$

10,448,000

 

 

$

7,013,000

 

 

$

5,393,000

 

 

$

22,854,000