Segment Reporting

(In Thousands)

The operations of the Company’s reportable segments are described as follows:


•	The Community Banks segment delivers a complete range of banking and financial services to individuals and small to medium-sized businesses including checking and savings accounts, business and personal loans, asset-based lending and equipment leasing, as well as safe deposit and night depository facilities.


•	The Insurance segment includes a full service insurance agency offering all major lines of commercial and personal insurance through major carriers.


•	The Wealth Management segment offers a broad range of fiduciary services which include the administration and management of trust accounts including personal and corporate benefit accounts, self-directed IRAs, and custodial accounts. In addition, the Wealth Management segment offers annuities, mutual funds and other investment services through a third party broker-dealer.

In order to give the Company’s divisional management a more precise indication of the income and expenses they can control, the results of operations for the Community Banks, the Insurance and the Wealth Management segments reflect the direct revenues and expenses of each respective segment. Indirect revenues and expenses, including but not limited to income from the Company’s investment portfolio, as well as certain costs associated with data processing and back office functions, primarily support the operations of the community banks and, therefore, are included in the results of the Community Banks segment. Included in “Other” are the operations of the holding company and other eliminations which are necessary for purposes of reconciling to the consolidated amounts.

The following table provides financial information for the Company’s operating segments as of and for the periods presented:



	Community Banks		Insurance		Wealth Management			Other			Consolidated
Three months ended September 30, 2017
Net interest income (loss)	$	92,007	$	114	$	564		$	(2,668	)	$	90,017
Provision for loan losses	2,150		—		—			—			2,150
Noninterest income	28,120		2,394		3,213			(314		)	33,413
Noninterest expense	75,681		1,805		2,887			287			80,660
Income (loss) before income taxes	42,296		703		890			(3,269		)	40,620
Income tax expense (benefit)	15,199		275		—			(1,275		)	14,199
Net income (loss)	$	27,097	$	428	$	890		$	(1,994	)	$	26,421

Total assets	$	10,216,826	$	25,729	$	59,703		$	21,429		$	10,323,687
Goodwill	608,279		2,767		—			—			611,046

Three months ended September 30, 2016
Net interest income (loss)	$	77,064	$	85	$	472		$	(1,890	)	$	75,731
Provision for loan losses	2,655		—		(5		)	—			2,650
Noninterest income	32,773		2,454		3,248			(203		)	38,272
Noninterest expense	71,784		1,762		2,745			177			76,468
Income (loss) before income taxes	35,398		777		980			(2,270		)	34,885
Income tax expense (benefit)	12,284		301		—			(879		)	11,706
Net income (loss)	$	23,114	$	476	$	980		$	(1,391	)	$	23,179

Total assets	$	8,446,403	$	22,708	$	51,176		$	22,184		$	8,542,471
Goodwill	467,767		2,767		—			—			470,534



	Community Banks		Insurance		Wealth Management			Other			Consolidated
Nine months ended September 30, 2017
Net interest income (loss)	$	249,355	$	330	$	1,575		$	(7,625	)	$	243,635
Provision for loan losses	5,400		—		—			—			5,400
Noninterest income (loss)	83,290		7,207		9,599			(397		)	99,699
Noninterest expense	209,920		5,263		8,788			839			224,810
Income (loss) before income taxes	117,325		2,274		2,386			(8,861		)	113,124
Income tax expense (benefit)	40,021		888		—			(3,462		)	37,447
Net income (loss)	$	77,304	$	1,386	$	2,386		$	(5,399	)	$	75,677

Total assets	$	10,216,826	$	25,729	$	59,703		$	21,429		$	10,323,687
Goodwill	608,279		2,767		—			—			611,046

Nine months ended September 30, 2016
Net interest income (loss)	$	225,449	$	259	$	1,349		$	(4,115	)	$	222,942
Provision for loan losses	5,893		—		(13		)	—			5,880
Noninterest income	89,515		7,734		9,296			615			107,160
Noninterest expense	209,442		5,240		8,312			547			223,541
Income (loss) before income taxes	99,629		2,753		2,346			(4,047		)	100,681
Income tax expense (benefit)	33,875		1,074		—			(1,563		)	33,386
Net income (loss)	$	65,754	$	1,679	$	2,346		$	(2,484	)	$	67,295

Total assets	$	8,446,403	$	22,708	$	51,176		$	22,184		$	8,542,471
Goodwill	467,767		2,767		—			—			470,534