Operating Segments and Related Information (Tables)

9 Months Ended

Sep. 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
	September 30, 2020		December 31, 2019		September 30, 2020		December 31, 2019
Banking	$	288,436	$	288,436	$	10,457,479	$	9,632,368
Remittance Processing		8,992		8,992		46,124		44,209
Wealth Management		14,108		14,108		42,593		32,760
Other		—		—		(6,568)		(13,608)
Totals	$	311,536	$	311,536	$	10,539,628	$	9,695,729

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Net interest income:
Banking	$	73,330	$	75,955	$	218,221	$	222,537
Remittance Processing		21		20		59		56
Wealth Management		—		—		—		—
Other		(3,598)		(2,499)		(8,281)		(7,306)
Total net interest income	$	69,753	$	73,476	$	209,999	$	215,287
Non-interest income:
Banking	$	18,523	$	18,301	$	45,717	$	46,743
Remittance Processing		4,287		4,088		12,318		12,386
Wealth Management		10,662		8,994		32,681		27,721
Other		(1,187)		(447)		(2,950)		(2,073)
Total non-interest income	$	32,285	$	30,936	$	87,766	$	84,777
Non-interest expense:
Banking	$	44,863	$	56,593	$	135,037	$	158,659
Remittance Processing		3,523		2,746		9,669		8,099
Wealth Management		6,497		6,043		19,725		17,356
Other		1,659		2,739		5,693		9,190
Total non-interest expense	$	56,542	$	68,121	$	170,124	$	193,304
Income before income taxes:
Banking	$	41,441	$	34,252	$	93,245	$	102,582
Remittance Processing		785		1,362		2,708		4,343
Wealth Management		4,165		2,951		12,956		10,365
Other		(6,444)		(5,685)		(16,924)		(18,569)
Total income before income taxes	$	39,947	$	32,880	$	91,985	$	98,721
Net income:
Banking	$	31,744	$	25,731	$	72,653	$	76,837
Remittance Processing		578		972		1,966		3,102
Wealth Management		3,166		2,184		9,847		7,670
Other		(4,659)		(4,059)		(12,467)		(13,227)
Total net income	$	30,829	$	24,828	$	71,999	$	74,382