Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Segment Reporting Information, by Segment


	As of or for the Year Ended December 31,
	2020									2019									2018
(dollars in thousands)	Banking			Wealth Management			Consolidated			Banking			Wealth Management			Consolidated			Banking			Wealth Management			Consolidated
Net interest income	$	143,784		$	3		$	143,787		$	147,635		$	6		$	147,641		$	149,464		$	7		$	149,471
Provision for credit losses	41,677			—			41,677			8,595			—			8,595			7,089			—			7,089
Net interest income after provision for credit losses	102,107			3			102,110			139,040			6			139,046			142,375			7			142,382
Noninterest income:
Fees for wealth management services	—			44,532			44,532			—			44,400			44,400			—			42,326			42,326
Insurance commissions	—			5,911			5,911			—			6,877			6,877			—			6,808			6,808
Capital markets revenue	9,491			—			9,491			11,276			—			11,276			4,848			—			4,848
Service charges on deposit accounts	2,868			—			2,868			3,374			—			3,374			2,989			—			2,989
Loan servicing and other fees	1,646			—			1,646			2,206			—			2,206			2,259			—			2,259
Net gain on sale of loans	5,779			—			5,779			2,342			—			2,342			3,283			—			3,283
Net gain on sale of investment securities available for sale	—			—			—			—			—			—			7			—			7
Net gain on sale of long-lived assets	2,297			—			2,297			—			—			—			—			—			—
Net gain (loss) on sale of OREO	148			—			148			(84)			—			(84)			295			—			295
Other operating income	9,171			128			9,299			11,687			106			11,793			12,981			186			13,167
Total noninterest income	31,400			50,571			81,971			30,801			51,383			82,184			26,662			49,320			75,982

Noninterest expenses:
Salaries & wages	47,404			21,442			68,846			54,076			20,295			74,371			46,936			19,735			66,671
Employee benefits	9,105			3,500			12,605			9,572			3,884			13,456			9,046			3,872			12,918
Occupancy and bank premise	10,738			1,989			12,727			10,547			2,044			12,591			9,588			2,011			11,599
Impairment of long-lived assets	1,605			—			1,605			—			—			—			—			—			—
Amortization of intangible assets	1,109			2,458			3,567			1,309			2,492			3,801			1,555			2,101			3,656
Professional fees	5,547			881			6,428			4,840			594			5,434			3,747			456			4,203
Other operating expenses	31,709			5,240			36,949			30,511			6,263			36,774			36,032			5,328			41,360
Total noninterest expenses	107,217			35,510			142,727			110,855			35,572			146,427			106,904			33,503			140,407
Segment profit	26,290			15,064			41,354			58,986			15,817			74,803			62,133			15,824			77,957
Intersegment (revenues) expenses(1)	(622)			622			—			(613)			613			—			(715)			715			—
Pre-tax segment profit after eliminations	$	25,668		$	15,686		$	41,354		$	58,373		$	16,430		$	74,803		$	61,418		$	16,539		$	77,957
% of segment pre-tax profit after eliminations	62.1		%	37.9		%	100.0		%	78.0		%	22.0		%	100.0		%	78.8		%	21.2		%	100.0		%
Segment assets (dollars in millions)	$	5,384.4		$	47.6		$	5,432.0		$	5,210.4		$	52.9		$	5,263.3		$	4,601.7		$	50.8		$	4,652.5

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


(dollars in millions)	December 31, 2020		December 31, 2019
Assets under management, administration, supervision and brokerage	$	18,976.5	$	16,548.1