XML 30 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Segment Information

 

(11)

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 four principal business units are metropolitan banks, community banks, other financial services and executive, operations and support. Metropolitan and community banks 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. 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 four business units are as follows:

 

 

 

Metropolitan

Banks

 

 

Community

Banks

 

 

Other

Financial

Services

 

 

Executive,

Operations

& Support

 

 

Eliminations

 

 

Consolidated

 

 

 

(Dollars in thousands)

 

Three Months Ended June 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

17,832

 

 

$

37,047

 

 

$

1,698

 

 

$

(138

)

 

$

 

 

$

56,439

 

Noninterest income

 

 

3,945

 

 

 

13,660

 

 

 

7,456

 

 

 

25,644

 

 

 

(22,722

)

 

 

27,983

 

Income before taxes

 

 

11,784

 

 

 

24,509

 

 

 

3,119

 

 

 

16,720

 

 

 

(22,504

)

 

 

33,628

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

15,699

 

 

$

33,846

 

 

$

1,591

 

 

$

(268

)

 

$

 

 

$

50,868

 

Noninterest income

 

 

4,098

 

 

 

14,408

 

 

 

6,646

 

 

 

18,798

 

 

 

(17,893

)

 

 

26,057

 

Income before taxes

 

 

10,240

 

 

 

20,331

 

 

 

2,431

 

 

 

11,247

 

 

 

(17,848

)

 

 

26,401

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

36,352

 

 

$

72,170

 

 

$

3,193

 

 

$

(508

)

 

$

 

 

$

111,207

 

Noninterest income

 

 

7,767

 

 

 

26,937

 

 

 

15,766

 

 

 

50,116

 

 

 

(44,518

)

 

 

56,068

 

Income before taxes

 

 

24,858

 

 

 

47,228

 

 

 

6,764

 

 

 

32,231

 

 

 

(44,260

)

 

 

66,821

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

31,542

 

 

$

66,968

 

 

$

3,007

 

 

$

(673

)

 

$

 

 

$

100,844

 

Noninterest income

 

 

7,886

 

 

 

28,004

 

 

 

14,125

 

 

 

36,476

 

 

 

(34,817

)

 

 

51,674

 

Income before taxes

 

 

19,588

 

 

 

39,425

 

 

 

5,545

 

 

 

21,747

 

 

 

(34,705

)

 

 

51,600

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2017

 

$

2,506,852

 

 

$

4,432,649

 

 

$

97,894

 

 

$

824,524

 

 

$

(815,330

)

 

$

7,046,589

 

December 31, 2016

 

 

2,493,096

 

 

 

4,412,174

 

 

 

83,594

 

 

 

803,810

 

 

 

(773,722

)

 

 

7,018,952

 

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. Capital expenditures are generally charged to the business unit using the asset.