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Business Segments (Tables)
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Selected Business Segment Financial Information

Selected business segment financial information as of and for the three and nine months ended September 30, 2020, and September 30, 2019, were as follows:

 

(dollars in thousands)

 

Consumer

Banking

 

 

Commercial

Banking

 

 

Treasury

and Other

 

 

Consolidated

Total

 

Three Months Ended September 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Income

 

$

73,868

 

 

$

47,797

 

 

$

2,501

 

 

$

124,166

 

Provision for Credit Losses

 

 

(1,372

)

 

 

(85

)

 

 

30,057

 

 

 

28,600

 

Net Interest Income After Provision for Credit Losses

 

 

75,240

 

 

 

47,882

 

 

 

(27,556

)

 

 

95,566

 

Noninterest Income

 

 

31,776

 

 

 

7,672

 

 

 

2,286

 

 

 

41,734

 

Noninterest Expense

 

 

(69,408

)

 

 

(15,430

)

 

 

(5,111

)

 

 

(89,949

)

Income Before Provision for Income Taxes

 

 

37,608

 

 

 

40,124

 

 

 

(30,381

)

 

 

47,351

 

Provision for Income Taxes

 

 

(9,627

)

 

 

(9,784

)

 

 

9,900

 

 

 

(9,511

)

Net Income

 

$

27,981

 

 

$

30,340

 

 

$

(20,481

)

 

$

37,840

 

Total Assets as of September 30, 2020

 

$

7,383,822

 

 

$

5,027,836

 

 

$

7,697,831

 

 

$

20,109,489

 

Three Months Ended September 30, 2019 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Income

 

$

76,289

 

 

$

46,791

 

 

$

1,816

 

 

$

124,896

 

Provision for Credit Losses

 

 

3,116

 

 

 

(130

)

 

 

1,264

 

 

 

4,250

 

Net Interest Income After Provision for Credit Losses

 

 

73,173

 

 

 

46,921

 

 

 

552

 

 

 

120,646

 

Noninterest Income

 

 

36,627

 

 

 

8,739

 

 

 

1,141

 

 

 

46,507

 

Noninterest Expense

 

 

(75,198

)

 

 

(21,330

)

 

 

(3,821

)

 

 

(100,349

)

Income Before Provision for Income Taxes

 

 

34,602

 

 

 

34,330

 

 

 

(2,128

)

 

 

66,804

 

Provision for Income Taxes

 

 

(8,506

)

 

 

(8,560

)

 

 

2,314

 

 

 

(14,752

)

Net Income

 

$

26,096

 

 

$

25,770

 

 

$

186

 

 

$

52,052

 

Total Assets as of September 30, 2019 1

 

$

6,993,290

 

 

$

4,145,717

 

 

$

6,533,133

 

 

$

17,672,140

 

Nine Months Ended September 30, 2020 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Income

 

$

221,003

 

 

$

144,253

 

 

$

11,567

 

 

$

376,823

 

Provision for Credit Losses

 

 

8,215

 

 

 

(819

)

 

 

95,204

 

 

 

102,600

 

Net Interest Income After Provision for Credit Losses

 

 

212,788

 

 

 

145,072

 

 

 

(83,637

)

 

 

274,223

 

Noninterest Income

 

 

93,309

 

 

 

26,483

 

 

 

19,359

 

 

 

139,151

 

Noninterest Expense

 

 

(210,744

)

 

 

(47,552

)

 

 

(16,857

)

 

 

(275,153

)

Income Before Provision for Income Taxes

 

 

95,353

 

 

 

124,003

 

 

 

(81,135

)

 

 

138,221

 

Provision for Income Taxes

 

 

(24,235

)

 

 

(30,278

)

 

 

27,782

 

 

 

(26,731

)

Net Income

 

$

71,118

 

 

$

93,725

 

 

$

(53,353

)

 

$

111,490

 

Total Assets as of September 30, 2020

 

$

7,383,822

 

 

$

5,027,836

 

 

$

7,697,831

 

 

$

20,109,489

 

Nine Months Ended September 30, 2019 1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Interest Income

 

$

229,704

 

 

$

139,784

 

 

$

4,342

 

 

$

373,830

 

Provision for Credit Losses

 

 

7,866

 

 

 

1,141

 

 

 

2,243

 

 

 

11,250

 

Net Interest Income After Provision for Credit Losses

 

 

221,838

 

 

 

138,643

 

 

 

2,099

 

 

 

362,580

 

Noninterest Income

 

 

107,072

 

 

 

22,738

 

 

 

5,826

 

 

 

135,636

 

Noninterest Expense

 

 

(213,168

)

 

 

(63,545

)

 

 

(9,418

)

 

 

(286,131

)

Income Before Provision for Income Taxes

 

 

115,742

 

 

 

97,836

 

 

 

(1,493

)

 

 

212,085

 

Provision for Income Taxes

 

 

(28,745

)

 

 

(22,507

)

 

 

6,937

 

 

 

(44,315

)

Net Income

 

$

86,997

 

 

$

75,329

 

 

$

5,444

 

 

$

167,770

 

Total Assets as of September 30, 2019 1

 

$

6,993,290

 

 

$

4,145,717

 

 

$

6,533,133

 

 

$

17,672,140

 

 

1

Certain prior period information has been reclassified to conform to current presentation.