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Business Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Schedule of Segment Financial Results

Business Segment financial results for the three and six months ended June 30, 2020 and June 30, 2019 were as follows (in thousands):

 

 

 

Three Months Ended June 30, 2020

 

 

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Total

 

Net interest income

 

$

113,085

 

 

$

28,129

 

 

$

37,015

 

 

$

178,229

 

Provision for credit losses

 

 

19,281

 

 

 

298

 

 

 

1,921

 

 

 

21,500

 

Noninterest income

 

 

24,078

 

 

 

66,488

 

 

 

29,890

 

 

 

120,456

 

Noninterest expense

 

 

62,123

 

 

 

76,953

 

 

 

69,457

 

 

 

208,533

 

Income (loss) before taxes

 

 

55,759

 

 

 

17,366

 

 

 

(4,473

)

 

 

68,652

 

Income tax expense (benefit)

 

 

6,597

 

 

 

2,055

 

 

 

(529

)

 

 

8,123

 

Net income (loss)

 

$

49,162

 

 

$

15,311

 

 

$

(3,944

)

 

$

60,529

 

Average assets

 

$

12,390,000

 

 

$

9,671,000

 

 

$

6,075,000

 

 

$

28,136,000

 

 

 

 

Three Months Ended June 30, 2019

 

 

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Total

 

Net interest income

 

$

102,579

 

 

$

30,501

 

 

$

33,334

 

 

$

166,414

 

Provision for credit losses

 

 

9,306

 

 

 

181

 

 

 

1,513

 

 

 

11,000

 

Noninterest income

 

 

20,387

 

 

 

55,626

 

 

 

29,385

 

 

 

105,398

 

Noninterest expense

 

 

68,511

 

 

 

64,852

 

 

 

60,024

 

 

 

193,387

 

Income before taxes

 

 

45,149

 

 

 

21,094

 

 

 

1,182

 

 

 

67,425

 

Income tax expense

 

 

7,008

 

 

 

3,274

 

 

 

184

 

 

 

10,466

 

Net income

 

$

38,141

 

 

$

17,820

 

 

$

998

 

 

$

56,959

 

Average assets

 

$

10,668,000

 

 

$

7,249,000

 

 

$

5,353,000

 

 

$

23,270,000

 

 

 

 

Six Months Ended June 30, 2020

 

 

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Total

 

Net interest income

 

$

220,034

 

 

$

61,164

 

 

$

70,972

 

 

$

352,170

 

Provision for credit losses

 

 

101,501

 

 

 

573

 

 

 

7,426

 

 

 

109,500

 

Noninterest income

 

 

35,318

 

 

 

128,440

 

 

 

55,122

 

 

 

218,880

 

Noninterest expense

 

 

121,166

 

 

 

145,406

 

 

 

130,580

 

 

 

397,152

 

Income (loss) before taxes

 

 

32,685

 

 

 

43,625

 

 

 

(11,912

)

 

 

64,398

 

Income tax expense (benefit)

 

 

3,709

 

 

 

4,951

 

 

 

(1,352

)

 

 

7,308

 

Net income (loss)

 

$

28,976

 

 

$

38,674

 

 

$

(10,560

)

 

$

57,090

 

Average assets

 

$

12,000,000

 

 

$

9,340,000

 

 

$

5,748,000

 

 

$

27,088,000

 

 

 

 

Six Months Ended June 30, 2019

 

 

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Total

 

Net interest income

 

$

202,393

 

 

$

62,252

 

 

$

65,637

 

 

$

330,282

 

Provision for credit losses

 

 

19,635

 

 

 

467

 

 

 

3,248

 

 

 

23,350

 

Noninterest income

 

 

43,568

 

 

 

111,476

 

 

 

57,736

 

 

 

212,780

 

Noninterest expense

 

 

135,331

 

 

 

130,249

 

 

 

118,433

 

 

 

384,013

 

Income before taxes

 

 

90,995

 

 

 

43,012

 

 

 

1,692

 

 

 

135,699

 

Income tax expense

 

 

14,079

 

 

 

6,655

 

 

 

262

 

 

 

20,996

 

Net income

 

$

76,916

 

 

$

36,357

 

 

$

1,430

 

 

$

114,703

 

Average assets

 

$

10,558,000

 

 

$

7,132,000

 

 

$

5,373,000

 

 

$

23,063,000