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Segment Information (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Information

The following table discloses financial information by reportable segment for the periods presented ($ in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

General Banking

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

111,352

 

 

$

118,169

 

 

$

209,343

 

 

$

219,277

 

Provision for credit losses

 

 

1,149

 

 

 

540

 

 

 

(810

)

 

 

(19,326

)

Noninterest income

 

 

30,545

 

 

 

35,167

 

 

 

61,480

 

 

 

74,819

 

Noninterest expense

 

 

106,352

 

 

 

102,199

 

 

 

209,685

 

 

 

206,163

 

Income before income taxes

 

 

34,396

 

 

 

50,597

 

 

 

61,948

 

 

 

107,259

 

Income taxes

 

 

5,074

 

 

 

7,137

 

 

 

8,175

 

 

 

15,260

 

General banking net income

 

$

29,322

 

 

$

43,460

 

 

$

53,773

 

 

$

91,999

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

16,661,715

 

 

$

16,716,574

 

 

$

16,661,715

 

 

$

16,716,574

 

Depreciation and amortization

 

$

9,995

 

 

$

11,046

 

 

$

20,171

 

 

$

21,910

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

1,326

 

 

$

1,256

 

 

$

2,682

 

 

$

2,487

 

Provision for credit losses

 

 

(1

)

 

 

(3

)

 

 

(8

)

 

 

(5

)

Noninterest income

 

 

8,999

 

 

 

9,020

 

 

 

18,098

 

 

 

17,483

 

Noninterest expense

 

 

8,131

 

 

 

7,749

 

 

 

16,413

 

 

 

15,943

 

Income before income taxes

 

 

2,195

 

 

 

2,530

 

 

 

4,375

 

 

 

4,032

 

Income taxes

 

 

548

 

 

 

633

 

 

 

1,094

 

 

 

1,009

 

Wealth management net income

 

$

1,647

 

 

$

1,897

 

 

$

3,281

 

 

$

3,023

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

199,752

 

 

$

299,275

 

 

$

199,752

 

 

$

299,275

 

Depreciation and amortization

 

$

73

 

 

$

66

 

 

$

146

 

 

$

134

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

(2

)

 

$

(2

)

 

$

(5

)

 

$

(5

)

Noninterest income

 

 

13,709

 

 

 

12,224

 

 

 

27,790

 

 

 

24,692

 

Noninterest expense

 

 

9,284

 

 

 

8,731

 

 

 

19,188

 

 

 

18,121

 

Income before income taxes

 

 

4,423

 

 

 

3,491

 

 

 

8,597

 

 

 

6,566

 

Income taxes

 

 

1,108

 

 

 

867

 

 

 

2,156

 

 

 

1,645

 

Insurance net income

 

$

3,315

 

 

$

2,624

 

 

$

6,441

 

 

$

4,921

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

90,043

 

 

$

82,283

 

 

$

90,043

 

 

$

82,283

 

Depreciation and amortization

 

$

176

 

 

$

190

 

 

$

368

 

 

$

384

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

112,676

 

 

$

119,423

 

 

$

212,020

 

 

$

221,759

 

Provision for credit losses

 

 

1,148

 

 

 

537

 

 

 

(818

)

 

 

(19,331

)

Noninterest income

 

 

53,253

 

 

 

56,411

 

 

 

107,368

 

 

 

116,994

 

Noninterest expense

 

 

123,767

 

 

 

118,679

 

 

 

245,286

 

 

 

240,227

 

Income before income taxes

 

 

41,014

 

 

 

56,618

 

 

 

74,920

 

 

 

117,857

 

Income taxes

 

 

6,730

 

 

 

8,637

 

 

 

11,425

 

 

 

17,914

 

Consolidated net income

 

$

34,284

 

 

$

47,981

 

 

$

63,495

 

 

$

99,943

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

16,951,510

 

 

$

17,098,132

 

 

$

16,951,510

 

 

$

17,098,132

 

Depreciation and amortization

 

$

10,244

 

 

$

11,302

 

 

$

20,685

 

 

$

22,428