Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2024

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


(Dollars in thousands)	At September 30, 2024		At December 31, 2023		At September 30, 2023
Banking	$	8,069,321	$	7,656,154	$	7,706,141
Wealth Management	65,355		57,715		57,845
Insurance	53,388		48,535		47,507
Other	17,673		18,224		16,573
Consolidated assets	$	8,205,737	$	7,780,628	$	7,828,066

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


	Three Months Ended
	September 30, 2024
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	106,419	$	19	$	—	$	—	$	106,438
Interest expense	50,953		—		—		2,281		53,234
Net interest income (expense)	55,466		19		—		(2,281)		53,204
Provision for credit losses	1,414		—		—		—		1,414
Noninterest income	7,281		7,481		5,247		141		20,150
Noninterest expense	39,392		5,587		4,018		(445)		48,552
Intersegment (revenue) expense*	(560)		437		123		—		—
Income (loss) before income taxes	22,501		1,476		1,106		(1,695)		23,388
Income tax expense (benefit)	4,688		302		259		(439)		4,810
Net income (loss)	$	17,813	$	1,174	$	847	$	(1,256)	$	18,578
Net capital expenditures	$	544	$	—	$	6	$	60	$	610


	Three Months Ended
	September 30, 2023
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	97,079	$	18	$	—	$	9	$	97,106
Interest expense	41,235		—		—		2,281		43,516
Net interest income (expense)	55,844		18		—		(2,272)		53,590
Provision for credit losses	2,024		—		—		—		2,024
Noninterest income	6,950		6,803		4,912		26		18,691
Noninterest expense	39,299		5,130		3,987		572		48,988
Intersegment (revenue) expense*	(236)		114		122		—		—
Income (loss) before income taxes	21,707		1,577		803		(2,818)		21,269
Income tax expense (benefit)	4,452		284		185		(668)		4,253
Net income (loss)	$	17,255	$	1,293	$	618	$	(2,150)	$	17,016
Net capital expenditures	$	560	$	9	$	5	$	33	$	607


	Nine Months Ended
	September 30, 2024
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	304,805	$	56	$	—	$	18	$	304,879
Interest expense	142,336		—		—		6,845		149,181
Net interest income (expense)	162,468		56		—		(6,826)		155,698
Provision for credit losses	3,553		—		—		—		3,553
Noninterest income	26,706		22,134		17,721		164		66,725
Noninterest expense	116,211		16,591		12,058		2,474		147,334
Intersegment (revenue) expense*	(1,680)		1,310		370		—		—
Income (loss) before income taxes	71,090		4,289		5,293		(9,136)		71,536
Income tax expense (benefit)	14,553		839		1,184		(2,030)		14,546
Net income (loss)	$	56,537	$	3,450	$	4,109	$	(7,106)	$	56,990
Net capital expenditures	$	(234)	$	11	$	73	$	167	$	17


	Nine Months Ended
	September 30, 2023
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	270,422	$	49	$	—	$	27	$	270,498
Interest expense	96,417		—		—		6,844		103,261
Net interest income (expense)	174,005		49		—		(6,817)		167,237
Provision for credit losses	8,839		—		—		—		8,839
Noninterest income	21,139		20,246		16,846		(27)		58,204
Noninterest expense	119,984		14,790		11,877		1,665		148,316
Intersegment (revenue) expense*	(709)		344		365		—		—
Income (loss) before income taxes	67,030		5,161		4,604		(8,509)		68,286
Income tax expense (benefit)	13,913		580		1,015		(2,072)		13,436
Net income (loss)	$	53,117	$	4,581	$	3,589	$	(6,437)	$	54,850
Net capital expenditures	$	3,595	$	15	$	124	$	454	$	4,188

*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.