Operating Segments and Related Information (Tables)

6 Months Ended

Jun. 30, 2020

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, 2020		December 31, 2019		June 30, 2020		December 31, 2019
Banking	$	288,436	$	288,436	$	10,765,956	$	9,632,368
Remittance Processing		8,992		8,992		45,334		44,209
Wealth Management		14,108		14,108		40,361		32,760
Other		—		—		(15,686)		(13,608)
Totals	$	311,536	$	311,536	$	10,835,965	$	9,695,729

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Net interest income:
Banking	$	73,318	$	75,944	$	144,891	$	146,582
Remittance Processing		19		18		38		36
Wealth Management		—		—		—		—
Other		(2,524)		(2,534)		(4,683)		(4,807)
Total net interest income	$	70,813	$	73,428	$	140,246	$	141,811
Non-interest income:
Banking	$	14,026	$	15,659	$	27,194	$	28,442
Remittance Processing		3,962		4,117		8,031		8,298
Wealth Management		10,310		9,594		22,019		18,727
Other		(334)		(1,474)		(1,763)		(1,626)
Total non-interest income	$	27,964	$	27,896	$	55,481	$	53,841
Non-interest expense:
Banking	$	41,659	$	56,895	$	90,174	$	102,066
Remittance Processing		3,243		2,589		6,146		5,353
Wealth Management		6,254		5,749		13,228		11,313
Other		1,912		2,787		4,034		6,451
Total non-interest expense	$	53,068	$	68,020	$	113,582	$	125,183
Income before income taxes:
Banking	$	32,794	$	32,191	$	51,804	$	68,330
Remittance Processing		738		1,546		1,923		2,981
Wealth Management		4,056		3,845		8,791		7,414
Other		(4,770)		(6,795)		(10,480)		(12,884)
Total income before income taxes	$	32,818	$	30,787	$	52,038	$	65,841
Net income:
Banking	$	25,985	$	24,441	$	40,909	$	51,106
Remittance Processing		528		1,105		1,388		2,130
Wealth Management		3,082		2,845		6,681		5,486
Other		(3,789)		(4,306)		(7,808)		(9,168)
Total net income	$	25,806	$	24,085	$	41,170	$	49,554