Segment Reporting

At March 31, 2019, 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, consumer and mortgage banking as well as lease financing. 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.



●	The Banking segment provides financial services to individuals, businesses, municipalities and nonprofit organizations. 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.
●	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.
●	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 following table provides total assets by reportable business segment as of the dates indicated.



(Dollars in thousands)	At March 31, 2019		At December 31, 2018		At March 31, 2018
Banking	$	4,942,539	$	4,895,732	$	4,519,423
Wealth Management	40,910		39,090		36,848
Insurance	31,837		30,117		28,651
Other	20,241		19,408		29,037
Consolidated assets	$	5,035,527	$	4,984,347	$	4,613,959

The following tables provide reportable segment-specific information and reconciliations to consolidated financial information for the three months ended March 31, 2019 and 2018.



	Three Months Ended
	March 31, 2019
(Dollars in thousands)	Banking			Wealth Management		Insurance		Other			Consolidated
Interest income	$	52,346		$	10	$	—	$	8		$	52,364
Interest expense	9,580			—		—		1,261			10,841
Net interest income	42,766			10		—		(1,253		)	41,523
Provision for loan and lease losses	2,685			—		—		—			2,685
Noninterest income	4,971			5,720		5,353		253			16,297
Intangible expenses	233			105		88		—			426
Other noninterest expense	27,779			3,794		3,126		432			35,131
Intersegment (revenue) expense*	(299		)	166		133		—			—
Income (expense) before income taxes	17,339			1,665		2,006		(1,432		)	19,578
Income tax (benefit) expense	3,120			314		193		(128		)	3,499
Net income (loss)	$	14,219		$	1,351	$	1,813	$	(1,304	)	$	16,079
Capital expenditures	$	765		$	39	$	25	$	21		$	850



	Three Months Ended
	March 31, 2018
(Dollars in thousands)	Banking			Wealth Management		Insurance		Other			Consolidated
Interest income	$	43,522		$	5	$	—	$	7		$	43,534
Interest expense	5,001			—		—		1,261			6,262
Net interest income	38,521			5		—		(1,254		)	37,272
Provision for loan and lease losses	2,053			—		—		—			2,053
Noninterest income	4,789			5,740		5,086		(33		)	15,582
Intangible expenses	329			142		141		—			612
Restructuring charges	571			—		—		—			571
Other noninterest expense	27,661			3,658		3,245		(622		)	33,942
Intersegment (revenue) expense*	(291		)	153		138		—			—
Income (expense) before income taxes	12,987			1,792		1,562		(665		)	15,676
Income tax expense (benefit)	1,998			545		456		(173		)	2,826
Net income (loss)	$	10,989		$	1,247	$	1,106	$	(492	)	$	12,850
Capital expenditures	$	970		$	49	$	7	$	55		$	1,081

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