Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of segment reporting information

The following tables present a reconciliation of the revenues, profits, assets, and other significant items of reportable segments as of and for the three months ended March 31, 2020 and 2019.

	Three months ended March 31,
	2020		2019
Private Banking (1)	(In thousands)
Net interest income	$	58,090	$	59,337
Fees and other income	1,108		3,258
Total revenue	59,198		62,595
Provision/(credit) for loan losses	16,962		(1,426)
Operating expense (2)	42,588		41,317
Income/(loss) before income taxes	(352)		22,704
Income tax expense/(benefit)	(931)		4,430
Net income before attribution to noncontrolling interests	579		18,274
Net income attributable to the Company	$	579	$	18,274
Assets	$	8,692,069	$	8,481,160
Amortization of intangibles	$	77	$	—
Depreciation	$	2,626	$	2,670

	Three months ended March 31,
	2020		2019
Wealth Management and Trust (1)	(In thousands)
Net interest income	$	72	$	106
Fees and other income	18,485		19,126
Total revenue	18,557		19,232
Operating expense (2)	15,449		15,567
Income before income taxes	3,108		3,665
Income tax expense	1,074		1,194
Net income before attribution to noncontrolling interests	2,034		2,471
Net income attributable to the Company	$	2,034	$	2,471
Assets	$	143,998	$	147,771
Amortization of intangibles	$	638	$	672
Depreciation	$	294	$	367

	Three months ended March 31,
	2020		2019
Holding Company and Eliminations (1)	(In thousands)
Net interest income (3)	$	(905)	$	(1,105)
Fees and other income	1,928		2,864
Total revenue	1,023		1,759
Operating expense	2,871		3,669
Income/(loss) before income taxes	(1,848)		(1,910)
Income tax expense/(benefit)	(41)		(707)
Net income/(loss) before attribution to noncontrolling interests	(1,807)		$	(1,203)
Noncontrolling interests	6		100
Net income/(loss) attributable to the Company	$	(1,813)	$	(1,303)
Assets (including eliminations)	$	(89,741)	$	(56,788)
Depreciation	$	39	$	47

	Three months ended March 31,
	2020		2019
Total Company (1)	(In thousands)
Net interest income	$	57,257	$	58,338
Fees and other income	21,521		25,248
Total revenue	78,778		83,586
Provision/(credit) for loan losses	16,962		(1,426)
Operating expense	60,908		60,553
Income before income taxes	908		24,459
Income tax expense	102		4,917
Net income before attribution to noncontrolling interests	806		19,542
Noncontrolling interests	6		100
Net income attributable to the Company	$	800	$	19,442
Assets	$	8,746,326	$	8,572,143
Amortization of intangibles	$	715	$	672
Depreciation	$	2,959	$	3,084

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(1)Due to rounding, the sum of individual segment results may not add up to the Total Company results.

(2)Operating expense related to the Private Banking and Wealth Management and Trust segments includes restructuring expense for the three months ended March 31, 2019 of $1.3 million and $0.4 million, respectively.

(3)Interest expense on junior subordinated debentures is included in Holding Company and Eliminations.