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Operating Segments and Related Information (Tables)
3 Months Ended
Mar. 31, 2019
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

 

    

March 31, 2019

    

December 31, 2018

    

March 31, 2019

    

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

Banking

 

$

293,657

 

$

246,999

 

$

9,499,513

 

$

7,656,709

Remittance Processing

 

 

8,992

 

 

8,992

 

 

41,467

 

 

39,278

Wealth Management

 

 

11,694

 

 

11,694

 

 

22,894

 

 

20,992

Other

 

 

 —

 

 

 —

 

 

(26,540)

 

 

(14,622)

Totals

 

$

314,343

 

$

267,685

 

$

9,537,334

 

$

7,702,357

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

 

    

2019

    

2018

    

Net interest income:

 

 

 

 

 

 

 

Banking

 

$

70,638

 

$

61,416

 

Remittance Processing

 

 

18

 

 

16

 

Wealth Management

 

 

 —

 

 

94

 

Other

 

 

(2,273)

 

 

(1,769)

 

Total net interest income

 

$

68,383

 

$

59,757

 

 

 

 

 

 

 

 

 

Non-interest income:

 

 

 

 

 

 

 

Banking

 

$

12,783

 

$

10,897

 

Remittance Processing

 

 

4,181

 

 

3,783

 

Wealth Management

 

 

9,133

 

 

8,641

 

Other

 

 

(152)

 

 

(835)

 

Total non-interest income

 

$

25,945

 

$

22,486

 

 

 

 

 

 

 

 

 

Non-interest expense:

 

 

 

 

 

 

 

Banking

 

$

45,171

 

$

41,386

 

Remittance Processing

 

 

2,764

 

 

2,466

 

Wealth Management

 

 

5,564

 

 

4,911

 

Other

 

 

3,664

 

 

2,277

 

Total non-interest expense

 

$

57,163

 

$

51,040

 

 

 

 

 

 

 

 

 

Income before income taxes:

 

 

 

 

 

 

 

Banking

 

$

36,139

 

$

29,919

 

Remittance Processing

 

 

1,435

 

 

1,333

 

Wealth Management

 

 

3,569

 

 

3,824

 

Other

 

 

(6,089)

 

 

(4,881)

 

Total income before income taxes

 

$

35,054

 

$

30,195

 

 

 

 

 

 

 

 

 

Net income:

 

 

 

 

 

 

 

Banking

 

$

26,665

 

$

21,845

 

Remittance Processing

 

 

1,025

 

 

953

 

Wealth Management

 

 

2,641

 

 

2,764

 

Other

 

 

(4,862)

 

 

(3,645)

 

Total net income

 

$

25,469

 

$

21,917