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Segments
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segments SegmentsThe Company segregates financial information for use in assessing its performance and allocating resources among three operating segments: Consumer, Commercial and Wealth. The Consumer segment consists of various consumer loan and deposit products offered through its retail branch network of approximately 150 locations.  This segment also includes indirect and other consumer loan financing businesses, along with debit and credit card loan and fee businesses.  Residential mortgage origination, sales and servicing functions are included in this Consumer segment, but residential mortgage loans retained by the Company are not considered part of this segment and are instead included in the Other/Elimination column.  The Commercial segment provides corporate lending (including the Small Business Banking product line within the branch network), leasing, and international services, along with business and governmental deposit products and commercial cash management services.  This segment also includes both merchant and commercial bank card products as well as the Capital Markets Group, which sells fixed income securities and provides securities safekeeping and accounting services to its business and correspondent bank customers.  The Wealth segment provides traditional trust and estate planning, advisory and discretionary investment management, and brokerage services.  This segment also provides various loan and deposit related services to its private banking customers.
The following table presents selected financial information by segment and reconciliations of combined segment totals to consolidated totals. There were no material intersegment revenues between the three segments. Management periodically makes changes to methods of assigning costs and income to its business segments to better reflect operating results. If appropriate, these changes are reflected in prior year information presented below.


(In thousands)
ConsumerCommercialWealthSegment TotalsOther/EliminationConsolidated Totals
Three Months Ended June 30, 2022
Net interest income$83,633 $109,646 $19,226 $212,505 $19,880 $232,385 
Provision for credit losses(3,924)(63)23 (3,964)(3,198)(7,162)
Non-interest income30,924 56,815 53,983 141,722 (2,295)139,427 
Investment securities gains, net— — — — 1,029 1,029 
Non-interest expense(75,406)(91,328)(36,487)(203,221)(10,284)(213,505)
Income before income taxes$35,227 $75,070 $36,745 $147,042 $5,132 $152,174 
Six Months Ended June 30, 2022
Net interest income$163,529 $219,176 $38,094 $420,799 $20,372 $441,171 
Provision for credit losses(8,422)(145)(3)(8,570)11,266 2,696 
Non-interest income59,278 110,466 107,189 276,933 (5,737)271,196 
Investment securities gains, net— — — — 8,192 8,192 
Non-interest expense(148,400)(180,852)(72,773)(402,025)(17,128)(419,153)
Income before income taxes$65,985 $148,645 $72,507 $287,137 $16,965 $304,102 
Three Months Ended June 30, 2021
Net interest income$80,807 $114,185 $17,654 $212,646 $(4,664)$207,982 
Provision for loan losses(5,664)4,952 (4)(716)46,371 45,655 
Non-interest income36,905 52,259 52,505 141,669 (2,526)139,143 
Investment securities gains, net— — — — 16,804 16,804 
Non-interest expense(73,915)(82,619)(34,049)(190,583)(7,543)(198,126)
Income before income taxes$38,133 $88,777 $36,106 $163,016 $48,442 $211,458 
Six Months Ended June 30, 2021
Net interest income$158,746 $224,750 $35,111 $418,607 $(4,877)$413,730 
Provision for credit losses(15,565)4,925 1 (10,639)62,526 51,887 
Non-interest income75,153 102,987 103,490 281,630 (6,442)275,188 
Investment securities gains, net— — — — 26,657 26,657 
Non-interest expense(144,284)(161,900)(67,092)(373,276)(17,423)(390,699)
Income before income taxes$74,050 $170,762 $71,510 $316,322 $60,441 $376,763 

The information presented above was derived from the internal profitability reporting system used by management to monitor and manage the financial performance of the Company. This information is based on internal management accounting procedures and methods, which have been developed to reflect the underlying economics of the businesses. The methodologies are applied in connection with funds transfer pricing and assignment of overhead costs among segments. Funds transfer pricing was used in the determination of net interest income by assigning a standard cost (credit) for funds used (provided by) assets and liabilities based on their maturity, prepayment and/or repricing characteristics.

The segment activity, as shown above, includes both direct and allocated items. Amounts in the “Other/Elimination” column include activity not related to the segments, such as that relating to administrative functions, the investment securities portfolio, and the effect of certain expense allocations to the segments. The provision for credit losses in this category contains the difference between net loan charge-offs assigned directly to the segments and the recorded provision for credit loss expense. Included in this category’s net interest income are earnings of the investment portfolio, which are not allocated to a segment.

The performance measurement of the operating segments is based on the management structure of the Company and is not necessarily comparable with similar information for any other financial institution. The information is also not necessarily indicative of the segments' financial condition and results of operations if they were independent entities.