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

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

General Banking

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

104,738

 

 

$

106,806

 

 

$

310,517

 

 

$

315,708

 

Provision for credit losses

 

 

3,973

 

 

 

2,672

 

 

 

40,535

 

 

 

6,961

 

Noninterest income

 

 

54,422

 

 

 

29,576

 

 

 

149,649

 

 

 

83,297

 

Noninterest expense

 

 

98,384

 

 

 

93,103

 

 

 

308,189

 

 

 

273,211

 

Income before income taxes

 

 

56,803

 

 

 

40,607

 

 

 

111,442

 

 

 

118,833

 

Income taxes

 

 

7,971

 

 

 

4,456

 

 

 

14,155

 

 

 

13,973

 

General banking net income

 

$

48,832

 

 

$

36,151

 

 

$

97,287

 

 

$

104,860

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

15,255,359

 

 

$

13,221,723

 

 

$

15,255,359

 

 

$

13,221,723

 

Depreciation and amortization

 

$

10,081

 

 

$

10,254

 

 

$

29,297

 

 

$

28,985

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Wealth Management

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

1,401

 

 

$

1,588

 

 

$

4,481

 

 

$

5,108

 

Provision for credit losses

 

 

(2,213

)

 

 

227

 

 

 

(9

)

 

 

219

 

Noninterest income

 

 

7,694

 

 

 

7,684

 

 

 

23,760

 

 

 

23,127

 

Noninterest expense

 

 

7,067

 

 

 

5,797

 

 

 

22,527

 

 

 

21,187

 

Income before income taxes

 

 

4,241

 

 

 

3,248

 

 

 

5,723

 

 

 

6,829

 

Income taxes

 

 

1,009

 

 

 

812

 

 

 

1,380

 

 

 

1,703

 

Wealth management net income

 

$

3,232

 

 

$

2,436

 

 

$

4,343

 

 

$

5,126

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

224,773

 

 

$

289,977

 

 

$

224,773

 

 

$

289,977

 

Depreciation and amortization

 

$

69

 

 

$

67

 

 

$

203

 

 

$

204

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

68

 

 

$

72

 

 

$

161

 

 

$

182

 

Noninterest income

 

 

11,585

 

 

 

11,077

 

 

 

35,067

 

 

 

33,043

 

Noninterest expense

 

 

8,508

 

 

 

7,953

 

 

 

25,712

 

 

 

24,577

 

Income before income taxes

 

 

3,145

 

 

 

3,196

 

 

 

9,516

 

 

 

8,648

 

Income taxes

 

 

769

 

 

 

748

 

 

 

2,338

 

 

 

2,120

 

Insurance net income

 

$

2,376

 

 

$

2,448

 

 

$

7,178

 

 

$

6,528

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

78,030

 

 

$

73,086

 

 

$

78,030

 

 

$

73,086

 

Depreciation and amortization

 

$

194

 

 

$

141

 

 

$

500

 

 

$

396

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

106,207

 

 

$

108,466

 

 

$

315,159

 

 

$

320,998

 

Provision for credit losses

 

 

1,760

 

 

 

2,899

 

 

 

40,526

 

 

 

7,180

 

Noninterest income

 

 

73,701

 

 

 

48,337

 

 

 

208,476

 

 

 

139,467

 

Noninterest expense

 

 

113,959

 

 

 

106,853

 

 

 

356,428

 

 

 

318,975

 

Income before income taxes

 

 

64,189

 

 

 

47,051

 

 

 

126,681

 

 

 

134,310

 

Income taxes

 

 

9,749

 

 

 

6,016

 

 

 

17,873

 

 

 

17,796

 

Consolidated net income

 

$

54,440

 

 

$

41,035

 

 

$

108,808

 

 

$

116,514

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selected Financial Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

15,558,162

 

 

$

13,584,786

 

 

$

15,558,162

 

 

$

13,584,786

 

Depreciation and amortization

 

$

10,344

 

 

$

10,462

 

 

$

30,000

 

 

$

29,585