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Segment Information (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables detail the Corporation’s segments for the three months ended March 31, 2019 and 2018:
 
Three Months Ended March 31, 2019
 
Three Months Ended March 31, 2018
(dollars in thousands)
Banking
 
Wealth
Management
 
Consolidated
 
Banking
 
Wealth
Management
 
Consolidated
Net interest income
$
37,645

 
$
2

 
$
37,647

 
$
37,438

 
$
1

 
$
37,439

Provision for loan and lease losses
3,736

 

 
3,736

 
1,030

 

 
1,030

Net interest income after loan loss provision
33,909

 
2

 
33,911

 
36,408

 
1

 
36,409

Noninterest income:
 
 
 
 
 
 
 
 
 
 
 
Fees for wealth management services

 
10,392

 
10,392

 

 
10,308

 
10,308

Insurance commissions

 
1,672

 
1,672

 

 
1,693

 
1,693

Capital markets revenue
2,219

 

 
2,219

 
666

 

 
666

Service charges on deposit accounts
808

 

 
808

 
713

 

 
713

Loan servicing and other fees
609

 

 
609

 
686

 

 
686

Net gain on sale of loans
319

 

 
319

 
518

 

 
518

Net gain on sale of investment securities available for sale

 

 

 
7

 

 
7

Net gain on sale of OREO
(24
)
 

 
(24
)
 
176

 

 
176

Other operating income
3,237

 
21

 
3,258

 
4,725

 
44

 
4,769

Total noninterest income
7,168

 
12,085

 
19,253

 
7,491

 
12,045

 
19,536

 
 
 
 
 
 
 
 
 
 
 
 
Noninterest expenses:
 
 
 
 
 
 
 
 
 
 
 
Salaries & wages
15,775

 
5,126

 
20,901

 
11,156

 
4,826

 
15,982

Employee benefits
3,172

 
994

 
4,166

 
2,676

 
1,032

 
3,708

Occupancy and bank premises
2,732

 
520

 
3,252

 
2,576

 
474

 
3,050

Amortization of intangible assets
327

 
611

 
938

 
398

 
481

 
879

Professional fees
1,163

 
157

 
1,320

 
729

 
19

 
748

Other operating expenses
7,269

 
1,878

 
9,147

 
10,431

 
1,232

 
11,663

Total noninterest expenses
30,438

 
9,286

 
39,724

 
27,966

 
8,064

 
36,030

Segment profit
10,639

 
2,801

 
13,440

 
15,933

 
3,982

 
19,915

Intersegment (revenues) expenses(1)
(123
)
 
123

 

 
(149
)
 
149

 

Pre-tax segment profit after eliminations
$
10,516

 
$
2,924

 
$
13,440

 
$
15,784

 
$
4,131

 
$
19,915

% of segment pre-tax profit after eliminations
78.2
%
 
21.8
%
 
100.0
%
 
79.3
%
 
20.7
%
 
100.0
%
Segment assets (dollars in millions)
$
4,577.7

 
$
54.3

 
$
4,632.0

 
$
4,248.4

 
$
52.0

 
$
4,300.4

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

Wealth Management Segment Information
(dollars in millions)
March 31,
2019
 
December 31,
2018
Assets under management, administration, supervision and brokerage
$
14,736.5

 
$
13,429.5