Segment Reporting

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

At March 31, 2017, the Corporation has three reportable business segments: Banking, Wealth Management and Insurance. The Corporation determines the segments based primarily upon product and service offerings, through the types of income generated and the regulatory environment. This is strategically how the Corporation operates and has positioned itself in the marketplace. Accordingly, significant operating decisions are based upon analysis of each of these segments. The parent holding company and intercompany eliminations are included in the "Other" segment.

The Corporation's Banking segment consists of commercial and consumer banking. The Wealth Management segment consists of investment advisory services, retirement plan services, trust, municipal pension services and broker/dealer services. The Insurance segment consists of commercial lines, personal lines, benefits and human resources consulting.

Each segment generates revenue from a variety of products and services it provides. Examples of products and services provided for each reportable segment are indicated below.

Ÿ	The Banking segment provides financial services to consumers, businesses and governmental units. These services include a full range of banking services such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.
Ÿ	The Wealth Management segment offers trust and investment advisory services, guardian and custodian of employee benefits and other trust and brokerage services, as well as a registered investment advisory managing private investment accounts for both individuals and institutions.
Ÿ	The Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, group life and health coverage, employee benefit solutions, personal insurance lines and human resources consulting.

The accounting policies, used in the disclosure of the business segments, are the same as those described in Note 1, “Summary of Significant Accounting Policies".

The following table provides total assets by reportable business segment as of the dates indicated.

(Dollars in thousands)	At March 31, 2017		At December 31, 2016		At March 31, 2016
Banking	$	4,187,607	$	4,137,873	$	2,746,433
Wealth Management	31,178		35,061		30,134
Insurance	24,412		24,472		24,715
Other	30,734		33,122		23,495
Consolidated assets	$	4,273,931	$	4,230,528	$	2,824,777

The following tables provide reportable segment-specific information and reconciliations to consolidated financial information for the three months ended March 31, 2017 and 2016.

	Three Months Ended
	March 31, 2017
(Dollars in thousands)	Banking			Wealth Management		Insurance		Other			Consolidated
Interest income	$	38,392		$	1	$	—	$	3		$	38,396
Interest expense	4,113			—		—		—			4,113
Net interest income	34,279			1		—		3			34,283
Provision for loan and lease losses	2,445			—		—		—			2,445
Noninterest income	5,162			5,138		4,547		123			14,970
Intangible expenses	396			170		193		—			759
Other noninterest expense	23,744			3,471		3,069		987			31,271
Intersegment (revenue) expense*	(567		)	237		330		—			—
Income (expense) before income taxes	13,423			1,261		955		(861		)	14,778
Income tax expense (benefit)	3,641			500		404		(623		)	3,922
Net income (loss)	$	9,782		$	761	$	551	$	(238	)	$	10,856
Capital expenditures	$	4,320		$	11	$	7	$	50		$	4,388

	Three Months Ended
	March 31, 2016
(Dollars in thousands)	Banking			Wealth Management		Insurance		Other			Consolidated
Interest income	$	25,725		$	2	$	—	$	7		$	25,734
Interest expense	2,211			—		—		—			2,211
Net interest income	23,514			2		—		7			23,523
Provision for loan and lease losses	326			—		—		—			326
Noninterest income	4,548			4,572		4,720		(9		)	13,831
Intangible expenses	63			303		400		—			766
Acquisition-related and integration costs	10			—		—		210			220
Other noninterest expense	18,736			3,058		3,119		1,040			25,953
Intersegment (revenue) expense*	(511		)	219		292		—			—
Income (expense) before income taxes	9,438			994		909		(1,252		)	10,089
Income tax expense (benefit)	2,357			383		377		(317		)	2,800
Net income (loss)	$	7,081		$	611	$	532	$	(935	)	$	7,289
Capital expenditures	$	1,839		$	15	$	10	$	314		$	2,178

*Includes an allocation of general and administrative expenses from both the parent holding company and the Bank. Generally speaking, these expenses are allocated based upon number of employees and square footage utilized.