Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2024

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


(Dollars in thousands)	At June 30, 2024		At December 31, 2023		At June 30, 2023
Banking	$	7,721,111	$	7,656,154	$	7,479,212
Wealth Management	64,331		57,715		57,927
Insurance	51,102		48,535		46,880
Other	18,902		18,224		16,131
Consolidated assets	$	7,855,446	$	7,780,628	$	7,600,150

The following tables provide reportable segment-specific information and reconciliations to consolidated financial information for the three and six months ended June 30, 2024 and 2023.


	Three Months Ended
	June 30, 2024
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	99,804	$	19	$	—	$	9	$	99,832
Interest expense	46,523		—		—		2,282		48,805
Net interest income (expense)	53,281		19		—		(2,273)		51,027
Provision for credit losses	707		—		—		—		707
Noninterest income	8,466		7,300		5,186		28		20,980
Noninterest expense	38,047		5,522		3,987		1,152		48,708
Intersegment (revenue) expense*	(560)		437		123		—		—
Income (loss) before income taxes	23,553		1,360		1,076		(3,397)		22,592
Income tax expense (benefit)	4,771		261		236		(783)		4,485
Net income (loss)	$	18,782	$	1,099	$	840	$	(2,614)	$	18,107
Net capital expenditures	$	685	$	5	$	58	$	59	$	807


	Three Months Ended
	June 30, 2023
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	90,113	$	17	$	—	$	9	$	90,139
Interest expense	33,527		—		—		2,282		35,809
Net interest income (expense)	56,586		17		—		(2,273)		54,330
Provision for credit losses	3,428		—		—		—		3,428
Noninterest income	7,952		6,684		5,214		(17)		19,833
Noninterest expense	40,753		4,800		3,955		291		49,799
Intersegment (revenue) expense*	(237)		115		122		—		—
Income (loss) before income taxes	20,594		1,786		1,137		(2,581)		20,936
Income tax expense (benefit)	4,276		132		247		(519)		4,136
Net income (loss)	$	16,318	$	1,654	$	890	$	(2,062)	$	16,800
Net capital expenditures	$	834	$	3	$	63	$	96	$	996


	Six Months Ended
	June 30, 2024
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	198,386	$	37	$	—	$	18	$	198,441
Interest expense	91,384		—		—		4,563		95,947
Net interest income (expense)	107,002		37		—		(4,545)		102,494
Provision for credit losses	2,139		—		—		—		2,139
Noninterest income	19,425		14,653		12,474		23		46,575
Noninterest expense	76,819		11,004		8,040		2,919		98,782
Intersegment (revenue) expense*	(1,121)		874		247		—		—
Income (loss) before income taxes	48,590		2,812		4,187		(7,441)		48,148
Income tax expense (benefit)	9,866		536		925		(1,591)		9,736
Net income (loss)	$	38,724	$	2,276	$	3,262	$	(5,850)	$	38,412
Net capital expenditures	$	(778)	$	11	$	67	$	107	$	(593)


	Six Months Ended
	June 30, 2023
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	173,343	$	31	$	—	$	18	$	173,392
Interest expense	55,182		—		—		4,563		59,745
Net interest income (expense)	118,161		31		—		(4,545)		113,647
Provision for credit losses	6,815		—		—		—		6,815
Noninterest income	14,189		13,443		11,934		(53)		39,513
Noninterest expense	80,685		9,660		7,890		1,093		99,328
Intersegment (revenue) expense*	(473)		230		243		—		—
Income (loss) before income taxes	45,323		3,584		3,801		(5,691)		47,017
Income tax expense (benefit)	9,461		296		830		(1,404)		9,183
Net income (loss)	$	35,862	$	3,288	$	2,971	$	(4,287)	$	37,834
Net capital expenditures	$	3,035	$	6	$	119	$	421	$	3,581