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Segments
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Segments
We operate three reportable operating segments: Community Banking, Insurance and Wealth Management.
Our Community Banking segment offers services which include accepting time and demand deposits, originating commercial and consumer loans and providing letters of credit and credit card services.
Our Insurance segment includes a full-service insurance agency offering commercial property and casualty insurance, group life and health coverage, employee benefit solutions and personal insurance lines.
Our Wealth Management segment offers brokerage services, services as executor and trustee under wills and deeds, guardian and custodian of employee benefits and other trust and brokerage services, as well as a registered investment advisor that manages institutional accounts.
The following table represents total assets by reportable operating segment as of the dates presented: 
(dollars in thousands)
June 30, 2015

 
December 31, 2014

Community Banking
$
6,121,771

 
$
4,954,728

Insurance
8,232

 
7,468

Wealth Management
3,725

 
2,490

Total Assets
$
6,133,728

 
$
4,964,686


The following tables provide financial information for our three operating segments for the three and six month periods ended June 30, 2015 and 2014. The financial results of the business segments include allocations for shared services based on an internal analysis that supports line of business and branch performance measurement. Shared services include expenses such as employee benefits, occupancy expense, computer support and other corporate overhead. Even with these allocations, the financial results are not necessarily indicative of the business segments’ financial condition and results of operations as if they existed as independent entities. The information provided under the caption “Eliminations” represents operations not considered to be reportable segments and/or general operating expenses and eliminations and adjustments, which are necessary for purposes of reconciling to the Consolidated Financial Statements.
 
Three Months Ended June 30, 2015
(dollars in thousands)
Community
Banking

Insurance

Wealth Management

Eliminations

Consolidated

Interest income
$
52,598

$
1

$
157

$
(145
)
$
52,611

Interest expense
4,056



(256
)
3,800

Net interest income
48,542

1

157

111

48,811

Provision for loan losses
2,059




2,059

Noninterest income
8,869

1,328

2,917

269

13,383

Noninterest expense
29,916

1,053

2,285

380

33,634

Depreciation expense
1,279

14

6


1,299

Amortization of intangible assets
495

13

8


516

Provision for income taxes
6,139

88

271


6,498

Net Income
$
17,523

$
161

$
504

$

$
18,188

 
 
 
 
 
 
 
Three Months Ended June 30, 2014
(dollars in thousands)
Community
Banking

Insurance

Wealth Management

Eliminations

Consolidated

Interest income
$
39,845

$

$
136

$
(109
)
$
39,872

Interest expense
3,415



(398
)
3,017

Net interest income
36,430


136

289

36,855

Provision for loan losses
(1,134
)



(1,134
)
Noninterest income
7,522

1,245

2,828

176

11,771

Noninterest expense
25,092

1,044

2,442

465

29,043

Depreciation expense
805

13

7


825

Amortization of intangible assets
274

13

10


297

Provision for income taxes
4,637

61

177


4,875

Net Income
$
14,278

$
114

$
328

$

$
14,720

 
Six Months Ended June 30, 2015
(dollars in thousands)
Community
Banking

Insurance

Wealth
Management

Eliminations

Consolidated

Interest income
$
96,483

$
1

$
298

$
(256
)
$
96,526

Interest expense
7,944



(488
)
7,456

Net interest income
88,539

1

298

232

89,070

Provision for loan losses
3,266




3,266

Noninterest income
16,406

2,881

5,833

347

25,467

Noninterest expense
58,603

2,190

4,505

579

65,877

Depreciation expense
2,290

26

13


2,329

Amortization of intangible assets
822

25

17


864

Provision for income taxes
10,396

224

558


11,178

Net Income
$
29,568

$
417

$
1,038

$

$
31,023

 
 
 
 
 
 
 
Six Months Ended June 30, 2014
(dollars in thousands)
Community
Banking

Insurance

Wealth
Management

Eliminations

Consolidated

Interest income
$
78,475

$

$
310

$
(248
)
$
78,537

Interest expense
6,897



(806
)
6,091

Net interest income
71,578


310

558

72,446

Provision for loan losses
(845
)



(845
)
Noninterest income
14,375

2,766

5,764

282

23,187

Noninterest expense
49,066

2,199

4,716

840

56,821

Depreciation expense
1,607

25

13


1,645

Amortization of intangible assets
566

25

22


613

Provision for income taxes
8,002

181

463


8,646

Net Income
$
27,557

$
336

$
860

$

$
28,753