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Segment Information (Tables)
6 Months Ended
Jun. 30, 2020
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,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

General Banking

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

103,376

 

 

$

105,897

 

 

$

205,779

 

 

$

208,902

 

Provision for credit losses

 

 

18,188

 

 

 

2,596

 

 

 

36,562

 

 

 

4,289

 

Noninterest income

 

 

50,051

 

 

 

30,808

 

 

 

95,227

 

 

 

53,721

 

Noninterest expense

 

 

103,355

 

 

 

90,093

 

 

 

209,805

 

 

 

180,108

 

Income before income taxes

 

 

31,884

 

 

 

44,016

 

 

 

54,639

 

 

 

78,226

 

Income taxes

 

 

4,093

 

 

 

5,362

 

 

 

6,184

 

 

 

9,517

 

General banking net income

 

$

27,791

 

 

$

38,654

 

 

$

48,455

 

 

$

68,709

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

15,378,653

 

 

$

13,161,680

 

 

$

15,378,653

 

 

$

13,161,680

 

Depreciation and amortization

 

$

10,422

 

 

$

9,592

 

 

$

19,216

 

 

$

18,731

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

1,576

 

 

$

1,772

 

 

$

3,080

 

 

$

3,520

 

Provision for credit losses

 

 

(3

)

 

 

(4

)

 

 

2,204

 

 

 

(8

)

Noninterest income

 

 

7,550

 

 

 

7,740

 

 

 

16,066

 

 

 

15,443

 

Noninterest expense

 

 

6,944

 

 

 

7,727

 

 

 

15,460

 

 

 

15,390

 

Income before income taxes

 

 

2,185

 

 

 

1,789

 

 

 

1,482

 

 

 

3,581

 

Income taxes

 

 

547

 

 

 

447

 

 

 

371

 

 

 

891

 

Wealth management net income

 

$

1,638

 

 

$

1,342

 

 

$

1,111

 

 

$

2,690

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

232,467

 

 

$

313,398

 

 

$

232,467

 

 

$

313,398

 

Depreciation and amortization

 

$

67

 

 

$

68

 

 

$

134

 

 

$

137

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

48

 

 

$

55

 

 

$

93

 

 

$

110

 

Noninterest income

 

 

11,910

 

 

 

11,091

 

 

 

23,482

 

 

 

21,966

 

Noninterest expense

 

 

8,360

 

 

 

8,281

 

 

 

17,204

 

 

 

16,624

 

Income before income taxes

 

 

3,598

 

 

 

2,865

 

 

 

6,371

 

 

 

5,452

 

Income taxes

 

 

877

 

 

 

721

 

 

 

1,569

 

 

 

1,372

 

Insurance net income

 

$

2,721

 

 

$

2,144

 

 

$

4,802

 

 

$

4,080

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

80,959

 

 

$

73,880

 

 

$

80,959

 

 

$

73,880

 

Depreciation and amortization

 

$

171

 

 

$

126

 

 

$

306

 

 

$

255

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

105,000

 

 

$

107,724

 

 

$

208,952

 

 

$

212,532

 

Provision for credit losses

 

 

18,185

 

 

 

2,592

 

 

 

38,766

 

 

 

4,281

 

Noninterest income

 

 

69,511

 

 

 

49,639

 

 

 

134,775

 

 

 

91,130

 

Noninterest expense

 

 

118,659

 

 

 

106,101

 

 

 

242,469

 

 

 

212,122

 

Income before income taxes

 

 

37,667

 

 

 

48,670

 

 

 

62,492

 

 

 

87,259

 

Income taxes

 

 

5,517

 

 

 

6,530

 

 

 

8,124

 

 

 

11,780

 

Consolidated net income

 

$

32,150

 

 

$

42,140

 

 

$

54,368

 

 

$

75,479

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

15,692,079

 

 

$

13,548,958

 

 

$

15,692,079

 

 

$

13,548,958

 

Depreciation and amortization

 

$

10,660

 

 

$

9,786

 

 

$

19,656

 

 

$

19,123