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Business Segments (Tables)
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Financial Information by Business Segment

Condensed financial information by business segment is presented below:

 

 

 

 

 

 

 

Trust and

 

 

 

 

 

 

 

Community

 

 

Investment

 

 

 

 

 

(unaudited, in thousands)

 

Banking

 

 

Services

 

 

Consolidated

 

For The Three Months Ended March 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Interest and dividend income

 

$

142,448

 

 

$

 

 

$

142,448

 

Interest expense

 

 

22,286

 

 

 

 

 

 

22,286

 

Net interest income

 

 

120,162

 

 

 

 

 

 

120,162

 

Provision for credit losses

 

 

29,821

 

 

 

 

 

 

29,821

 

Net interest income after provision for credit losses

 

 

90,341

 

 

 

 

 

 

90,341

 

Non-interest income

 

 

21,057

 

 

 

6,952

 

 

 

28,009

 

Non-interest expense

 

 

86,918

 

 

 

4,415

 

 

 

91,333

 

Income before provision for income taxes

 

 

24,480

 

 

 

2,537

 

 

 

27,017

 

Provision for income taxes

 

 

3,088

 

 

 

533

 

 

 

3,621

 

Net income

 

$

21,392

 

 

$

2,004

 

 

$

23,396

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For The Three Months Ended March 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Interest and dividend income

 

$

119,053

 

 

$

 

 

$

119,053

 

Interest expense

 

 

20,692

 

 

 

 

 

 

20,692

 

Net interest income

 

 

98,361

 

 

 

 

 

 

98,361

 

Provision for credit losses

 

 

2,507

 

 

 

 

 

 

2,507

 

Net interest income after provision for credit losses

 

 

95,854

 

 

 

 

 

 

95,854

 

Non-interest income

 

 

20,658

 

 

 

7,115

 

 

 

27,773

 

Non-interest expense

 

 

70,275

 

 

 

4,157

 

 

 

74,432

 

Income before provision for income taxes

 

 

46,237

 

 

 

2,958

 

 

 

49,195

 

Provision for income taxes

 

 

8,237

 

 

 

621

 

 

 

8,858

 

Net income

 

$

38,000

 

 

$

2,337

 

 

$

40,337