XML 96 R30.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment Information
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Information

(22) 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 five principal business units are metropolitan banks, community banks, Pegasus Bank, other financial services and executive, operations and support. Metropolitan banks, community banks and Pegasus Bank 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 Bank consists of banking locations in the Dallas 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 four business units are as follows:

 

 

 

Metropolitan

Banks

 

 

Community

Banks

 

 

Pegasus

Bank

 

 

Other

Financial

Services

 

 

Executive,

Operations

& Support

 

 

Eliminations

 

 

Consolidated

 

 

 

(Dollars in thousands)

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

86,511

 

 

$

177,330

 

 

$

8,657

 

 

$

5,763

 

 

$

3,660

 

 

$

—

 

 

$

281,921

 

Provision for loan losses

 

 

2,143

 

 

 

5,606

 

 

 

140

 

 

 

(69

)

 

 

467

 

 

 

—

 

 

 

8,287

 

Noninterest income

 

 

18,608

 

 

 

64,485

 

 

 

483

 

 

 

40,270

 

 

 

152,320

 

 

 

(138,937

)

 

 

137,229

 

Depreciation and amortization

 

 

2,463

 

 

 

10,218

 

 

 

274

 

 

 

603

 

 

 

2,431

 

 

 

—

 

 

 

15,989

 

Other expenses

 

 

37,549

 

 

 

109,044

 

 

 

4,939

 

 

 

25,408

 

 

 

50,941

 

 

 

(2,569

)

 

 

225,312

 

Income before taxes

 

$

62,964

 

 

$

116,947

 

 

$

3,787

 

 

$

20,091

 

 

$

102,141

 

 

$

(136,368

)

 

$

169,562

 

Total assets

 

$

2,806,021

 

 

$

4,998,247

 

 

$

738,351

 

 

$

102,442

 

 

$

950,920

 

 

$

(1,030,223

)

 

$

8,565,758

 

Capital expenditures

 

$

4,349

 

 

$

11,219

 

 

$

83

 

 

$

1,220

 

 

$

10,183

 

 

$

—

 

 

$

27,054

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

84,043

 

 

$

170,096

 

 

$

—

 

 

$

5,341

 

 

$

996

 

 

$

—

 

 

$

260,476

 

Provision for loan losses

 

 

79

 

 

 

4,178

 

 

 

—

 

 

 

(466

)

 

 

11

 

 

 

—

 

 

 

3,802

 

Noninterest income

 

 

16,625

 

 

 

60,004

 

 

 

—

 

 

 

37,743

 

 

 

137,364

 

 

 

(126,537

)

 

 

125,199

 

Depreciation and amortization

 

 

2,364

 

 

 

9,092

 

 

 

—

 

 

 

588

 

 

 

1,502

 

 

 

—

 

 

 

13,546

 

Other expenses

 

 

36,873

 

 

 

106,674

 

 

 

—

 

 

 

24,895

 

 

 

42,319

 

 

 

(2,186

)

 

 

208,575

 

Income before taxes

 

$

61,352

 

 

$

110,156

 

 

$

—

 

 

$

18,067

 

 

$

94,528

 

 

$

(124,351

)

 

$

159,752

 

Total assets

 

$

2,743,876

 

 

$

4,892,946

 

 

$

—

 

 

$

84,706

 

 

$

861,782

 

 

$

(1,009,052

)

 

$

7,574,258

 

Capital expenditures

 

$

3,003

 

 

$

21,393

 

 

$

—

 

 

$

1,035

 

 

$

26,432

 

 

$

—

 

 

$

51,863

 

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

74,274

 

 

$

147,731

 

 

$

—

 

 

$

5,770

 

 

$

(636

)

 

$

—

 

 

$

227,139

 

Provision for loan losses

 

 

2,457

 

 

 

4,442

 

 

 

—

 

 

 

1,767

 

 

 

(154

)

 

 

—

 

 

 

8,512

 

Noninterest income

 

 

15,698

 

 

 

54,353

 

 

 

—

 

 

 

37,842

 

 

 

97,368

 

 

 

(87,191

)

 

 

118,070

 

Depreciation and amortization

 

 

2,192

 

 

 

7,790

 

 

 

—

 

 

 

584

 

 

 

1,225

 

 

 

—

 

 

 

11,791

 

Other expenses

 

 

35,488

 

 

 

93,619

 

 

 

—

 

 

 

24,474

 

 

 

36,531

 

 

 

(1,511

)

 

 

188,601

 

Income before taxes

 

$

49,835

 

 

$

96,233

 

 

$

—

 

 

$

16,787

 

 

$

59,130

 

 

$

(85,680

)

 

$

136,305

 

Total assets

 

$

2,552,024

 

 

$

4,544,196

 

 

$

—

 

 

$

117,332

 

 

$

885,590

 

 

$

(845,986

)

 

$

7,253,156

 

Capital expenditures

 

$

3,606

 

 

$

12,334

 

 

$

—

 

 

$

64

 

 

$

2,003

 

 

$

—

 

 

$

18,007

 

 

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.