Segment Information

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment Information

(13) SEGMENT INFORMATION

The Company evaluates its performance with an internal profitability measurement system that measures the profitability of its business units on a pre-tax basis. The six principal business units are metropolitan banks, community banks, Pegasus, Worthington, other financial services and executive, operations and support. Metropolitan banks, community banks, Pegasus and Worthington offer traditional banking products such as commercial and retail lending and a full line of deposit accounts. Metropolitan banks consist of banking locations in the metropolitan Oklahoma City and Tulsa areas. Community banks consist of banking locations in communities throughout Oklahoma. Pegasus consists of banking locations in the Dallas metropolitan area. Worthington consists of banking locations in the Fort Worth metropolitan area. Other financial services are specialty product business units including guaranteed small business lending, residential mortgage lending, trust services, securities brokerage, electronic banking and insurance. The executive, operations and support groups represent executive management, operational support and corporate functions that are not allocated to the other business units.

The results of operations and selected financial information for the six business units are as follows:

	Metropolitan Banks		Community Banks		Pegasus		Worthington		Other Financial Services		Executive, Operations & Support			Eliminations			Consolidated
	(Dollars in thousands)
Three Months Ended March 31, 2022
Net interest income	$	19,608	$	44,568	$	7,620	$	1,694	$	2,913	$	(907	)	$	11		$	75,507
Noninterest income		9,773		16,845		191		133		12,983		42,574			(38,849	)		43,650
Income before taxes		18,171		31,339		2,827		385		6,045		23,648			(38,706	)		43,709
Three Months Ended March 31, 2021
Net interest income	$	19,333	$	42,770	$	5,359	$	—	$	9,882	$	(407	)	$	269		$	77,206
Noninterest income		5,144		14,976		384		—		11,575		49,731			(41,875	)		39,935
Income before taxes		13,924		29,769		1,645		—		5,951		42,340			(41,451	)		52,178
Total Assets:
March 31, 2022	$	3,514,435	$	6,868,166	$	1,461,916	$	517,238	$	91,699	$	1,591,150		$	(1,420,173	)	$	12,624,431
December 31, 2021		2,627,874		5,821,220		1,045,699		—		71,694		1,201,974			(1,362,849	)		9,405,612

The financial information for each business unit is presented on the basis used internally by management to evaluate performance and allocate resources. The Company utilizes a transfer pricing system to allocate the benefit or cost of funds provided or used by the various business units. Certain services provided by the support group to other business units, such as item processing, are allocated at rates approximating the cost of providing the services. Eliminations are adjustments to consolidate the business units and companies.