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Segment Information (Tables)
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables detail the Corporation’s segments for the three and nine months ended September 30, 2018 and 2017:


 
Three Months Ended September 30, 2018
 
Three Months Ended September 30, 2017
(dollars in thousands)
Banking
 
Wealth
Management
 
Consolidated
 
Banking
 
Wealth
Management
 
Consolidated
Net interest income
$
36,726

 
$
3

 
$
36,729

 
$
29,437

 
$
1

 
$
29,438

Provision for loan and lease losses
664

 
—

 
664

 
1,333

 
—

 
1,333

Net interest income after loan loss provision
36,062

 
3

 
36,065

 
28,104

 
1

 
28,105

Noninterest income:
 
 
 
 
 
 
 
 
 
 
 
Fees for wealth management services
—

 
10,343

 
10,343

 
—

 
9,651

 
9,651

Insurance commissions
—

 
1,754

 
1,754

 
—

 
1,373

 
1,373

Capital markets revenue
710

 
—

 
710

 
843

 
—

 
843

Service charges on deposit accounts
726

 
—

 
726

 
676

 
—

 
676

Loan servicing and other fees
559

 
—

 
559

 
548

 
—

 
548

Net gain on sale of loans
631

 
—

 
631

 
799

 
—

 
799

Net gain on sale of investment securities available for sale
—

 
—

 
—

 
72

 
—

 
72

Net gain on sale of OREO
5

 
—

 
5

 
—

 
—

 
—

Other operating income
3,498

 
48

 
3,546

 
1,581

 
41

 
1,622

Total noninterest income
6,129

 
12,145

 
18,274

 
4,519

 
11,065

 
15,584

 
 
 
 
 
 
 
 
 
 
 
 
Noninterest expenses:
 
 
 
 
 
 
 
 
 
 
 
Salaries & wages
11,737

 
4,791

 
16,528

 
9,130

 
4,472

 
13,602

Employee benefits
2,394

 
962

 
3,356

 
1,587

 
973

 
2,560

Occupancy and bank premises
2,224

 
493

 
2,717

 
2,049

 
436

 
2,485

Amortization of intangible assets
386

 
505

 
891

 
197

 
480

 
677

Professional fees
889

 
108

 
997

 
681

 
58

 
739

Other operating expenses
7,770

 
1,333

 
9,103

 
6,970

 
1,151

 
8,121

Total noninterest expenses
25,400

 
8,192

 
33,592

 
20,614

 
7,570

 
28,184

Segment profit
16,791

 
3,956

 
20,747

 
12,009

 
3,496

 
15,505

Intersegment (revenues) expenses*
(186
)
 
186

 
—

 
(112
)
 
112

 
—

Pre-tax segment profit after eliminations
$
16,605

 
$
4,142

 
$
20,747

 
$
11,897

 
$
3,608

 
$
15,505

% of segment pre-tax profit after eliminations
80.0
%
 
20.0
%
 
100.0
%
 
76.7
%
 
23.3
%
 
100.0
%
Segment assets (dollars in millions)
$
4,335.8

 
$
52.6

 
$
4,388.4

 
$
3,424.8

 
$
52.0

 
$
3,476.8

 
 
Nine Months Ended September 30, 2018
 
Nine Months Ended September 30, 2017
(dollars in thousands)
Banking
 
Wealth
Management
 
Consolidated
 
Banking
 
Wealth
Management
 
Consolidated
Net interest income
$
111,479

 
$
5

 
$
111,484

 
$
84,804

 
$
2

 
$
84,806

Provision for loan and lease losses
4,831

 
—

 
4,831

 
1,541

 
—

 
1,541

Net interest income after loan loss provision
106,648

 
5

 
106,653

 
83,263

 
2

 
83,265

Noninterest income:
 
 
 
 
 
 
 
 
 
 
 
Fees for wealth management services
—

 
31,309

 
31,309

 
—

 
28,761

 
28,761

Insurance commissions
—

 
5,349

 
5,349

 
—

 
3,079

 
3,079

Capital markets revenue
3,481

 
—

 
3,481

 
1,796

 
—

 
1,796

Service charges on deposit accounts
2,191

 
—

 
2,191

 
1,953

 
—

 
1,953

Loan servicing and other fees
1,720

 
—

 
1,720

 
1,570

 
—

 
1,570

Net gain on sale of loans
1,677

 
—

 
1,677

 
1,948

 
—

 
1,948

Net gain on sale of investment securities available for sale
7

 
—

 
7

 
73

 
—

 
73

Net gain (loss) gain on sale of OREO
292

 
—

 
292

 
(12
)
 
—

 
(12
)
Other operating income
11,709

 
150

 
11,859

 
4,290

 
138

 
4,428

Total noninterest income
21,077

 
36,808

 
57,885

 
11,618

 
31,978

 
43,596

 
 
 
 
 
 
 
 
 
 
 
 
Noninterest expenses:
 
 
 
 
 
 
 
 
 
 
 
Salaries & wages
34,077

 
14,673

 
48,750

 
27,044

 
12,588

 
39,632

Employee benefits
6,992

 
2,949

 
9,941

 
4,565

 
2,888

 
7,453

Occupancy and bank premises
7,035

 
1,429

 
8,464

 
6,025

 
1,233

 
7,258

Amortization of intangible assets
1,169

 
1,490

 
2,659

 
588

 
1,469

 
2,057

Professional fees
2,497

 
180

 
2,677

 
2,318

 
181

 
2,499

Other operating expenses
29,076

 
3,891

 
32,967

 
21,200

 
3,240

 
24,440

Total noninterest expenses
80,846

 
24,612

 
105,458

 
61,740

 
21,599

 
83,339

Segment profit
46,879

 
12,201

 
59,080

 
33,141

 
10,381

 
43,522

Intersegment (revenues) expenses*
(485
)
 
485

 
—

 
(336
)
 
336

 
—

Pre-tax segment profit after eliminations
$
46,394

 
$
12,686

 
$
59,080

 
$
32,805

 
$
10,717

 
$
43,522

% of segment pre-tax profit after eliminations
78.5
%
 
21.5
%
 
100.0
%
 
75.4
%
 
24.6
%
 
100.0
%
Segment assets (dollars in millions)
$
4,335.8

 
$
52.6

 
$
4,388.4

 
$
3,424.8

 
$
52.0

 
$
3,476.8


* Inter-segment revenues consist of rental payments, interest on deposits and management fees.

Wealth Management Segment Information
(dollars in millions)
September 30,
2018
 
December 31,
2017
Assets under management, administration, supervision and brokerage
$
13,913.3

 
$
12,968.7