XML 44 R34.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segments (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Total Assets by Reportable Operating Segment
The following table represents total assets by reportable operating segment as of the dates presented: 
(dollars in thousands)
September 30, 2016

 
December 31, 2015

Community Banking
$
6,706,383

 
$
6,305,046

Insurance
8,050

 
9,619

Wealth Management
3,772

 
3,689

Total Assets
$
6,718,205

 
$
6,318,354

Financial Information of Segments
The following tables provide financial information for our three operating segments for the three and nine month periods ended September 30, 2016 and 2015. 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 measurements. 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 September 30, 2016
(dollars in thousands)
Community
Banking

Insurance

Wealth Management

Eliminations

Consolidated

Interest income
$
57,804

$
1

$
98

$
(95
)
$
57,808

Interest expense
6,433



(80
)
6,353

Net interest income
51,371

1

98

(15
)
51,455

Provision for loan losses
2,516




2,516

Noninterest income
9,548

1,119

2,563

218

13,448

Noninterest expense
28,889

1,097

2,591

203

32,780

Depreciation expense
1,269

11

4


1,284

Amortization of intangible assets
359

12

4


375

Provision for income taxes
7,347

(1
)
21


7,367

Net Income
$
20,539

$
1

$
41

$

$
20,581

 
 
 
 
 
 
 
Three Months Ended September 30, 2015
(dollars in thousands)
Community
Banking

Insurance

Wealth Management

Eliminations

Consolidated

Interest income
$
53,625

$
1

$
108

$
(65
)
$
53,669

Interest expense
4,200



(127
)
4,073

Net interest income
49,425

1

108

62

49,596

Provision for loan losses
3,206




3,206

Noninterest income
8,651

1,197

2,806

(173
)
12,481

Noninterest expense
28,941

1,098

2,210

(111
)
32,138

Depreciation expense
1,192

13

6


1,211

Amortization of intangible assets
460

13

7


480

Provision for income taxes
6,139

26

242


6,407

Net Income
$
18,138

$
48

$
449

$

$
18,635

 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2016
(dollars in thousands)
Community
Banking

Insurance

Wealth
Management

Eliminations

Consolidated

Interest income
$
168,661

$
2

$
343

$
(328
)
$
168,678

Interest expense
18,085



(208
)
17,877

Net interest income
150,576

2

343

(120
)
150,801

Provision for loan losses
12,379




12,379

Noninterest income
28,468

3,836

7,936

1,473

41,713

Noninterest expense
90,499

3,455

7,334

1,353

102,641

Depreciation expense
3,678

33

12


3,723

Amortization of intangible assets
1,189

37

17


1,243

Provision for income taxes
18,364

110

321


18,795

Net Income
$
52,935

$
203

$
595

$

$
53,733

 
 
 
 
 
 
 
Nine Months Ended September 30, 2015
(dollars in thousands)
Community
Banking

Insurance

Wealth
Management

Eliminations

Consolidated

Interest income
$
150,108

$
2

$
406

$
(321
)
$
150,195

Interest expense
12,144



(615
)
11,529

Net interest income
137,964

2

406

294

138,666

Provision for loan losses
6,473




6,473

Noninterest income
25,056

4,079

8,639

174

37,948

Noninterest expense
87,542

3,288

6,716

468

98,014

Depreciation expense
3,482

39

19


3,540

Amortization of intangible assets
1,283

38

24


1,345

Provision for income taxes
16,534

250

800


17,584

Net Income
$
47,706

$
466

$
1,486

$

$
49,658