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Segment Information (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table details the Corporation’s segments for the three and six months ended June 30, 2018 or 2017:


 
Three Months Ended June 30, 2018
 
Three Months Ended June 30, 2017
(dollars in thousands)
Banking
 
Wealth
Management
 
Consolidated
 
Banking
 
Wealth
Management
 
Consolidated
Net interest income
$
37,315

 
$
1

 
$
37,316

 
$
27,964

 
$
1

 
$
27,965

Provision for loan and lease losses
3,137

 

 
3,137

 
(83
)
 

 
(83
)
Net interest income after loan loss provision
34,178

 
1

 
34,179

 
28,047

 
1

 
28,048

Noninterest income:
 
 
 
 
 
 
 
 
 
 
 
Fees for wealth management services

 
10,658

 
10,658

 

 
9,807

 
9,807

Insurance commissions

 
1,902

 
1,902

 

 
943

 
943

Capital markets revenue
2,105

 

 
2,105

 
953

 

 
953

Service charges on deposit accounts
752

 

 
752

 
630

 

 
630

Loan servicing and other fees
475

 

 
475

 
519

 

 
519

Net gain on sale of loans
528

 

 
528

 
520

 

 
520

Net gain (loss) on sale of OREO
111

 

 
111

 
(12
)
 

 
(12
)
Other operating income
3,486

 
58

 
3,544

 
1,376

 
49

 
1,425

Total noninterest income
7,457

 
12,618

 
20,075

 
3,986

 
10,799

 
14,785

 
 
 
 
 
 
 
 
 
 
 
 
Noninterest expenses:
 
 
 
 
 
 
 
 
 
 
 
Salaries & wages
11,184

 
5,056

 
16,240

 
9,284

 
4,296

 
13,580

Employee benefits
1,922

 
955

 
2,877

 
1,421

 
983

 
2,404

Occupancy and bank premise
2,235

 
462

 
2,697

 
1,849

 
398

 
2,247

Amortization of intangible assets
385

 
504

 
889

 
196

 
491

 
687

Professional fees
879

 
53

 
932

 
1,031

 
18

 
1,049

Other operating expenses
10,875

 
1,326

 
12,201

 
7,489

 
1,039

 
8,528

Total noninterest expenses
27,480

 
8,356

 
35,836

 
21,270

 
7,225

 
28,495

Segment profit
14,155

 
4,263

 
18,418

 
10,763

 
3,575

 
14,338

Intersegment (revenues) expenses*
(150
)
 
150

 

 
(112
)
 
112

 

Pre-tax segment profit after eliminations
$
14,005

 
$
4,413

 
$
18,418

 
$
10,651

 
$
3,687

 
$
14,338

% of segment pre-tax profit after eliminations
76.0
%
 
24.0
%
 
100.0
%
 
74.3
%
 
25.7
%
 
100.0
%
Segment assets (dollars in millions)
$
4,339.3

 
$
54.9

 
$
4,394.2

 
$
3,387.0

 
$
51.0

 
$
3,438.0

 
 
Six Months Ended June 30, 2018
 
Six Months Ended June 30, 2017
(dollars in thousands)
Banking
 
Wealth
Management
 
Consolidated
 
Banking
 
Wealth
Management
 
Consolidated
Net interest income
$
74,753

 
$
2

 
$
74,755

 
$
55,366

 
$
2

 
$
55,368

Provision for loan and lease losses
4,167

 

 
4,167

 
208

 

 
208

Net interest income after loan loss provision
70,586

 
2

 
70,588

 
55,158

 
2

 
55,160

Noninterest income:
 
 
 
 
 
 
 
 
 
 

Fees for wealth management services

 
20,966

 
20,966

 

 
19,110

 
19,110

Insurance commissions

 
3,595

 
3,595

 

 
1,706

 
1,706

Capital markets revenue
2,771

 

 
2,771

 
953

 

 
953

Service charges on deposit accounts
1,465

 

 
1,465

 
1,277

 

 
1,277

Loan servicing and other fees
1,161

 

 
1,161

 
1,022

 

 
1,022

Net gain on sale of loans
1,046

 

 
1,046

 
1,149

 

 
1,149

Net gain on sale of investment securities available for sale
7

 

 
7

 
1

 

 
1

Net gain (loss) gain on sale of OREO
287

 

 
287

 
(12
)
 

 
(12
)
Other operating income
8,211

 
102

 
8,313

 
2,709

 
97

 
2,806

Total noninterest income
14,948

 
24,663

 
39,611

 
7,099

 
20,913

 
28,012

 
 
 
 
 
 
 
 
 
 
 
 
Noninterest expenses:
 
 
 
 
 
 
 
 
 
 
 
Salaries & wages
22,340

 
9,882

 
32,222

 
17,915

 
8,115

 
26,030

Employee benefits
4,598

 
1,987

 
6,585

 
2,978

 
1,915

 
4,893

Occupancy and bank premise
4,811

 
936

 
5,747

 
3,976

 
797

 
4,773

Amortization of intangible assets
783

 
985

 
1,768

 
392

 
988

 
1,380

Professional fees
1,608

 
72

 
1,680

 
1,712

 
48

 
1,760

Other operating expenses
21,306

 
2,558

 
23,864

 
14,254

 
2,065

 
16,319

Total noninterest expenses
55,446

 
16,420

 
71,866

 
41,227

 
13,928

 
55,155

Segment profit
30,088

 
8,245

 
38,333

 
21,030

 
6,987

 
28,017

Intersegment (revenues) expenses*
(299
)
 
299

 

 
(224
)
 
224

 

Pre-tax segment profit after eliminations
$
29,789

 
$
8,544

 
$
38,333

 
$
20,806

 
$
7,211

 
$
28,017

% of segment pre-tax profit after eliminations
77.7
%
 
22.3
%
 
100.0
%
 
74.3
%
 
25.7
%
 
100.0
%
Segment assets (dollars in millions)
$
4,339.3

 
$
54.9

 
$
4,394.2

 
$
3,387.0

 
$
51.0

 
$
3,438.0


* Inter-segment revenues consist of rental payments, interest on deposits and management fees.
 
Wealth Management Segment Information
 
(dollars in millions)
June 30,
2018
 
December 31,
2017
Assets under management, administration, supervision and brokerage
$
13,404.7

 
$
12,968.7