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Segment Information (Tables)
6 Months Ended
Jun. 30, 2023
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,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

General Banking

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

138,378

 

 

$

111,352

 

 

$

274,537

 

 

$

209,343

 

Provision for credit losses

 

 

8,435

 

 

 

1,149

 

 

 

9,369

 

 

 

(810

)

Noninterest income

 

 

28,995

 

 

 

30,545

 

 

 

57,354

 

 

 

61,480

 

Noninterest expense

 

 

113,694

 

 

 

106,352

 

 

 

223,284

 

 

 

209,685

 

Income before income taxes

 

 

45,244

 

 

 

34,396

 

 

 

99,238

 

 

 

61,948

 

Income taxes

 

 

5,855

 

 

 

5,074

 

 

 

13,779

 

 

 

8,175

 

General banking net income

 

$

39,389

 

 

$

29,322

 

 

$

85,459

 

 

$

53,773

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

18,121,681

 

 

$

16,661,715

 

 

$

18,121,681

 

 

$

16,661,715

 

Depreciation and amortization

 

$

8,570

 

 

$

9,995

 

 

$

16,013

 

 

$

20,171

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

1,529

 

 

$

1,326

 

 

$

2,968

 

 

$

2,682

 

Provision for credit losses

 

 

21

 

 

 

(1

)

 

 

89

 

 

 

(8

)

Noninterest income

 

 

8,834

 

 

 

8,999

 

 

 

17,553

 

 

 

18,098

 

Noninterest expense

 

 

7,961

 

 

 

8,131

 

 

 

15,995

 

 

 

16,413

 

Income before income taxes

 

 

2,381

 

 

 

2,195

 

 

 

4,437

 

 

 

4,375

 

Income taxes

 

 

597

 

 

 

548

 

 

 

1,110

 

 

 

1,094

 

Wealth management net income

 

$

1,784

 

 

$

1,647

 

 

$

3,327

 

 

$

3,281

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

206,556

 

 

$

199,752

 

 

$

206,556

 

 

$

199,752

 

Depreciation and amortization

 

$

67

 

 

$

73

 

 

$

136

 

 

$

146

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

(3

)

 

$

(2

)

 

$

(6

)

 

$

(5

)

Noninterest income

 

 

15,724

 

 

 

13,709

 

 

 

30,023

 

 

 

27,790

 

Noninterest expense

 

 

10,563

 

 

 

9,284

 

 

 

21,266

 

 

 

19,188

 

Income before income taxes

 

 

5,158

 

 

 

4,423

 

 

 

8,751

 

 

 

8,597

 

Income taxes

 

 

1,294

 

 

 

1,108

 

 

 

2,200

 

 

 

2,156

 

Insurance net income

 

$

3,864

 

 

$

3,315

 

 

$

6,551

 

 

$

6,441

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

94,389

 

 

$

90,043

 

 

$

94,389

 

 

$

90,043

 

Depreciation and amortization

 

$

145

 

 

$

176

 

 

$

299

 

 

$

368

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

139,904

 

 

$

112,676

 

 

$

277,499

 

 

$

212,020

 

Provision for credit losses

 

 

8,456

 

 

 

1,148

 

 

 

9,458

 

 

 

(818

)

Noninterest income

 

 

53,553

 

 

 

53,253

 

 

 

104,930

 

 

 

107,368

 

Noninterest expense

 

 

132,218

 

 

 

123,767

 

 

 

260,545

 

 

 

245,286

 

Income before income taxes

 

 

52,783

 

 

 

41,014

 

 

 

112,426

 

 

 

74,920

 

Income taxes

 

 

7,746

 

 

 

6,730

 

 

 

17,089

 

 

 

11,425

 

Consolidated net income

 

$

45,037

 

 

$

34,284

 

 

$

95,337

 

 

$

63,495

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

18,422,626

 

 

$

16,951,510

 

 

$

18,422,626

 

 

$

16,951,510

 

Depreciation and amortization

 

$

8,782

 

 

$

10,244

 

 

$

16,448

 

 

$

20,685