Operating Segments and Related Information (Tables)

9 Months Ended

Sep. 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
	September 30, 2019		December 31, 2018		September 30, 2019		December 31, 2018
Banking	$	293,431	$	246,999	$	9,704,121	$	7,656,709
Remittance Processing		8,992		8,992		43,138		39,278
Wealth Management		20,276		11,694		28,587		20,992
Other		—		—		(22,086)		(14,622)
Totals	$	322,699	$	267,685	$	9,753,760	$	7,702,357

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Net interest income:
Banking	$	75,955	$	62,578	$	222,537	$	186,103
Remittance Processing		20		17		56		49
Wealth Management		—		110		—		304
Other		(2,499)		(1,931)		(7,306)		(5,553)
Total net interest income	$	73,476	$	60,774	$	215,287	$	180,903
Non-interest income:
Banking	$	18,301	$	11,196	$	46,743	$	33,827
Remittance Processing		4,088		4,042		12,386		11,812
Wealth Management		8,994		7,391		27,721		23,840
Other		(447)		(776)		(2,073)		(2,338)
Total non-interest income	$	30,936	$	21,853	$	84,777	$	67,141
Non-interest expense:
Banking	$	56,593	$	37,034	$	158,659	$	116,275
Remittance Processing		2,746		2,718		8,099		7,808
Wealth Management		6,043		4,307		17,356		13,921
Other		2,739		1,870		9,190		6,270
Total non-interest expense	$	68,121	$	45,929	$	193,304	$	144,274
Income before income taxes:
Banking	$	34,252	$	35,982	$	102,582	$	99,631
Remittance Processing		1,362		1,341		4,343		4,053
Wealth Management		2,951		3,194		10,365		10,223
Other		(5,685)		(4,577)		(18,569)		(14,161)
Total income before income taxes	$	32,880	$	35,940	$	98,721	$	99,746
Net income:
Banking	$	25,731	$	26,486	$	76,837	$	73,235
Remittance Processing		972		957		3,102		2,896
Wealth Management		2,184		2,280		7,670		7,332
Other		(4,059)		(2,864)		(13,227)		(9,825)
Total net income	$	24,828	$	26,859	$	74,382	$	73,638