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Segment Information (Tables)
9 Months Ended
Sep. 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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

General Banking

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

134,842

 

 

$

96,928

 

 

$

344,185

 

 

$

316,205

 

Provision for credit losses

 

 

11,595

 

 

 

(3,539

)

 

 

10,785

 

 

 

(22,865

)

Noninterest income

 

 

29,690

 

 

 

32,863

 

 

 

91,170

 

 

 

107,682

 

Noninterest expense

 

 

108,740

 

 

 

112,996

 

 

 

318,425

 

 

 

319,159

 

Income before income taxes

 

 

44,197

 

 

 

20,334

 

 

 

106,145

 

 

 

127,593

 

Income taxes

 

 

6,396

 

 

 

3,693

 

 

 

14,571

 

 

 

18,953

 

General banking net income

 

$

37,801

 

 

$

16,641

 

 

$

91,574

 

 

$

108,640

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

16,897,083

 

 

$

17,015,176

 

 

$

16,897,083

 

 

$

17,015,176

 

Depreciation and amortization

 

$

9,439

 

 

$

11,653

 

 

$

29,610

 

 

$

33,563

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

1,266

 

 

$

1,341

 

 

$

3,948

 

 

$

3,828

 

Provision for credit losses

 

 

(2

)

 

 

(2

)

 

 

(10

)

 

 

(7

)

Noninterest income

 

 

9,007

 

 

 

9,126

 

 

 

27,105

 

 

 

26,609

 

Noninterest expense

 

 

8,224

 

 

 

7,747

 

 

 

24,637

 

 

 

23,690

 

Income before income taxes

 

 

2,051

 

 

 

2,722

 

 

 

6,426

 

 

 

6,754

 

Income taxes

 

 

515

 

 

 

685

 

 

 

1,609

 

 

 

1,694

 

Wealth management net income

 

$

1,536

 

 

$

2,037

 

 

$

4,817

 

 

$

5,060

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

205,873

 

 

$

265,672

 

 

$

205,873

 

 

$

265,672

 

Depreciation and amortization

 

$

71

 

 

$

65

 

 

$

217

 

 

$

199

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

(3

)

 

$

(3

)

 

$

(8

)

 

$

(8

)

Noninterest income

 

 

13,909

 

 

 

12,160

 

 

 

41,699

 

 

 

36,852

 

Noninterest expense

 

 

9,734

 

 

 

8,857

 

 

 

28,922

 

 

 

26,978

 

Income before income taxes

 

 

4,172

 

 

 

3,300

 

 

 

12,769

 

 

 

9,866

 

Income taxes

 

 

1,054

 

 

 

778

 

 

 

3,210

 

 

 

2,423

 

Insurance net income

 

$

3,118

 

 

$

2,522

 

 

$

9,559

 

 

$

7,443

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

87,678

 

 

$

83,796

 

 

$

87,678

 

 

$

83,796

 

Depreciation and amortization

 

$

159

 

 

$

191

 

 

$

527

 

 

$

575

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

136,105

 

 

$

98,266

 

 

$

348,125

 

 

$

320,025

 

Provision for credit losses

 

 

11,593

 

 

 

(3,541

)

 

 

10,775

 

 

 

(22,872

)

Noninterest income

 

 

52,606

 

 

 

54,149

 

 

 

159,974

 

 

 

171,143

 

Noninterest expense

 

 

126,698

 

 

 

129,600

 

 

 

371,984

 

 

 

369,827

 

Income before income taxes

 

 

50,420

 

 

 

26,356

 

 

 

125,340

 

 

 

144,213

 

Income taxes

 

 

7,965

 

 

 

5,156

 

 

 

19,390

 

 

 

23,070

 

Consolidated net income

 

$

42,455

 

 

$

21,200

 

 

$

105,950

 

 

$

121,143

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

17,190,634

 

 

$

17,364,644

 

 

$

17,190,634

 

 

$

17,364,644

 

Depreciation and amortization

 

$

9,669

 

 

$

11,909

 

 

$

30,354

 

 

$

34,337