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 June 30, 2018
Net interest income (loss)	$	94,676	$	118	$	315	$	(2,720	)	$	92,389
Provision for loan losses	1,810		—		—		—			1,810
Noninterest income	29,949		2,148		3,714		(230		)	35,581
Noninterest expense	73,628		1,819		3,213		366			79,026
Income (loss) before income taxes	49,187		447		816		(3,316		)	47,134
Income tax expense (benefit)	11,165		116		—		(857		)	10,424
Net income (loss)	$	38,022	$	331	$	816	$	(2,459	)	$	36,710

Total assets	$	10,439,785	$	24,513	$	61,869	$	18,308		$	10,544,475
Goodwill	$	608,279	$	2,767	—		—			$	611,046

Three months ended June 30, 2017
Net interest income (loss)	$	81,392	$	124	$	524	$	(2,437	)	$	79,603
Provision for loan losses	1,750		—		—		—			1,750
Noninterest income	28,592		2,264		3,267		142			34,265
Noninterest expense	70,018		1,766		2,905		152			74,841
Income (loss) before income taxes	38,216		622		886		(2,447		)	37,277
Income tax expense (benefit)	12,712		238		—		(957		)	11,993
Net income (loss)	$	25,504	$	384	$	886	$	(1,490	)	$	25,284

Total assets	$	8,776,737	$	24,746	$	58,156	$	12,633		$	8,872,272
Goodwill	$	467,767	$	2,767	—		—			$	470,534




	Community Banks		Insurance		Wealth Management		Other			Consolidated
Six months ended June 30, 2018
Net interest income (loss)	$	186,103	$	224	$	628	$	(5,326	)	$	181,629
Provision for loan losses	3,560		—				—			3,560
Noninterest income (loss)	57,867		4,920		7,241		(494		)	69,534
Noninterest expense	146,261		3,550		6,605		554			156,970
Income (loss) before income taxes	94,149		1,594		1,264		(6,374		)	90,633
Income tax expense (benefit)	21,332		413		—		(1,648		)	20,097
Net income (loss)	$	72,817	$	1,181	$	1,264	$	(4,726	)	$	70,536

Total assets	$	10,439,785	$	24,513	$	61,869	$	18,308		$	10,544,475
Goodwill	$	608,279	$	2,767	—		—			$	611,046

Six months ended June 30, 2017
Net interest income (loss)	$	157,348	$	216	$	1,011	$	(4,957	)	$	153,618
Provision for loan losses	3,250		—		—		—			3,250
Noninterest income	55,170		4,813		6,386		(83		)	66,286
Noninterest expense	134,239		3,458		5,901		552			144,150
Income (loss) before income taxes	75,029		1,571		1,496		(5,592		)	72,504
Income tax expense (benefit)	24,822		613		—		(2,187		)	23,248
Net income (loss)	$	50,207	$	958	$	1,496	$	(3,405	)	$	49,256

Total assets	$	8,776,737	$	24,746	$	58,156	$	12,633		$	8,872,272
Goodwill	$	467,767	$	2,767	—		—			$	470,534