Operating Segments and Related Information (Tables)

6 Months Ended

Jun. 30, 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
	June 30, 2019		December 31, 2018		June 30, 2019		December 31, 2018
Banking	$	293,657	$	246,999	$	9,568,148	$	7,656,709
Remittance Processing		8,992		8,992		42,083		39,278
Wealth Management		11,694		11,694		26,015		20,992
Other		—		—		(23,579)		(14,622)
Totals	$	314,343	$	267,685	$	9,612,667	$	7,702,357

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Net interest income:
Banking	$	75,944	$	62,109	$	146,582	$	123,525
Remittance Processing		18		16		36		32
Wealth Management		—		100		—		194
Other		(2,534)		(1,853)		(4,807)		(3,622)
Total net interest income	$	73,428	$	60,372	$	141,811	$	120,129
Non-interest income:
Banking	$	15,659	$	11,734	$	28,442	$	22,631
Remittance Processing		4,117		3,987		8,298		7,770
Wealth Management		9,594		7,808		18,727		16,449
Other		(1,474)		(727)		(1,626)		(1,562)
Total non-interest income	$	27,896	$	22,802	$	53,841	$	45,288
Non-interest expense:
Banking	$	56,895	$	37,855	$	102,066	$	79,241
Remittance Processing		2,589		2,624		5,353		5,090
Wealth Management		5,749		4,703		11,313		9,614
Other		2,787		2,123		6,451		4,400
Total non-interest expense	$	68,020	$	47,305	$	125,183	$	98,345
Income before income taxes:
Banking	$	32,191	$	33,730	$	68,330	$	63,649
Remittance Processing		1,546		1,379		2,981		2,712
Wealth Management		3,845		3,205		7,414		7,029
Other		(6,795)		(4,703)		(12,884)		(9,584)
Total income before income taxes	$	30,787	$	33,611	$	65,841	$	63,806
Net income:
Banking	$	24,441	$	24,904	$	51,106	$	46,749
Remittance Processing		1,105		986		2,130		1,939
Wealth Management		2,845		2,288		5,486		5,052
Other		(4,306)		(3,316)		(9,168)		(6,961)
Total net income	$	24,085	$	24,862	$	49,554	$	46,779