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Operating Segments and Related Information (Tables)
 6 Months Ended
Jun. 30, 2018
Operating Segments and Related Information  
Summary of information relating to operating segments

 

Following is a summary of selected financial information for the Company’s operating segments (dollars in thousands):

 

 

 

Goodwill

 

Total Assets

 

 

 

June 30,
2018

 

December 31,
2017

 

June 30,
2018

 

December 31,
2017

 

Banking

 

$
246,999

 

$
248,660

 

$
7,719,424

 

$
7,809,738

 

Remittance Processing

 
8,992

 
8,992

 
36,572

 
34,646

 

Wealth Management

 
11,694

 
11,694

 
32,103

 
32,077

 

Other

 

—

 

—

 
(12,555

)
(15,821

)

 

 

 

 

 

 

 

 

 

 

Totals

 

$
267,685

 

$
269,346

 

$
7,775,544

 

$
7,860,640

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2018

 

2017

 

2018

 

2017

 

Net interest income:

 

 

 

 

 

 

 

 

 

Banking

 

$
62,109

 

$
43,365

 

$
123,525

 

$
85,907

 

Remittance Processing

 
16

 
15

 
32

 
29

 

Wealth Management

 
100

 
90

 
194

 
146

 

Other

 
(1,853

)
(1,104

)
(3,622

)
(1,703

)

 

 

 

 

 

 

 

 

 

 

Total net interest income

 

$
60,372

 

$
42,366

 

$
120,129

 

$
84,379

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-interest income:

 

 

 

 

 

 

 

 

 

Banking

 

$
11,734

 

$
10,758

 

$
22,631

 

$
21,212

 

Remittance Processing

 
3,987

 
3,005

 
7,770

 
6,029

 

Wealth Management

 
7,808

 
6,691

 
16,449

 
13,708

 

Other

 
(727

)
(392

)
(1,562

)
(873

)

 

 

 

 

 

 

 

 

 

 

Total non-interest income

 

$
22,802

 

$
20,062

 

$
45,288

 

$
40,076

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-interest expense:

 

 

 

 

 

 

 

 

 

Banking

 

$
37,855

 

$
29,331

 

$
79,241

 

$
58,621

 

Remittance Processing

 
2,624

 
2,174

 
5,090

 
4,286

 

Wealth Management

 
4,703

 
3,980

 
9,614

 
7,944

 

Other

 
2,123

 
1,283

 
4,400

 
3,536

 

 

 

 

 

 

 

 

 

 

 

Total non-interest expense

 

$
47,305

 

$
36,768

 

$
98,345

 

$
74,387

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes:

 

 

 

 

 

 

 

 

 

Banking

 

$
33,730

 

$
24,292

 

$
63,649

 

$
47,498

 

Remittance Processing

 
1,379

 
847

 
2,712

 
1,773

 

Wealth Management

 
3,205

 
2,801

 
7,029

 
5,910

 

Other

 
(4,703

)
(2,780

)
(9,584

)
(6,113

)

 

 

 

 

 

 

 

 

 

 

Total income before income taxes

 

$
33,611

 

$
25,160

 

$
63,806

 

$
49,068

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income:

 

 

 

 

 

 

 

 

 

Banking

 

$
24,904

 

$
15,855

 

$
46,749

 

$
30,604

 

Remittance Processing

 
986

 
508

 
1,939

 
1,062

 

Wealth Management

 
2,288

 
1,675

 
5,052

 
3,523

 

Other

 
(3,316

)
(1,559

)
(6,961

)
(3,540

)

 

 

 

 

 

 

 

 

 

 

Total net income

 

$
24,862

 

$
16,479

 

$
46,779

 

$
31,649