Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of segment reporting information

The following tables present a reconciliation of the revenues, expenses, assets, and other significant items of the reportable segments as of and for the three months ended March 31, 2021 and 2020.


	Three months ended March 31,
		2021		2020
Private Banking (1)		(In thousands)
Net interest income		$	59,948	$	58,090
Fees and other income		4,075		1,108
Total revenue		64,023		59,198
Provision/(credit) for loan losses		(7,004)		16,962
Operating expense		44,460		42,588
Income/(loss) before income taxes		26,567		(352)
Income tax expense/(benefit)		4,720		(931)
Net income before attribution to noncontrolling interests		21,847		579


Net income attributable to the Company		$	21,847	$	579

Assets		$	10,485,377	$	8,692,069
Amortization of intangibles		$	189	$	77
Depreciation		$	2,971	$	2,626

Three months ended March 31,


	2021		2020
Wealth Management and Trust (1)	(In thousands)
Net interest income	$	1	$	72
Fees and other income	19,165		18,485
Total revenue	19,166		18,557

Operating expense	17,455		15,449
Income before income taxes	1,711		3,108
Income tax expense	499		1,074
Net income before attribution to noncontrolling interests	1,212		2,034


Net income attributable to the Company	$	1,212	$	2,034



Assets	$	155,994	$	143,998
Amortization of intangibles	$	478	$	638
Depreciation	$	347	$	294


	Three months ended March 31,
		2021		2020
Holding Company and Eliminations (1)(2)		(In thousands)
Net interest income (3)		$	(472)	$	(905)
Fees and other income		2,930		1,928
Total revenue		2,458		1,023

Operating expense		14,008		2,871
Income/(loss) before income taxes		(11,550)		(1,848)
Income tax expense/(benefit)		857		(41)
Net income/(loss) before attribution to noncontrolling interests		(12,407)		$	(1,807)
Noncontrolling interests		—		6

Net income/(loss) attributable to the Company		$	(12,407)	$	(1,813)




Assets (including eliminations)		$	(102,879)	$	(89,741)

Depreciation		$	430	$	39


	Three months ended March 31,
		2021		2020
Total Company (1)		(In thousands)
Net interest income		$	59,477	$	57,257
Fees and other income		26,170		21,521
Total revenue		85,647		78,778
Provision/(credit) for loan losses		(7,004)		16,962
Operating expense		75,923		60,908
Income before income taxes		16,728		908
Income tax expense		6,076		102
Net income before attribution to noncontrolling interests		10,652		806
Noncontrolling interests		—		6

Net income attributable to the Company		$	10,652	$	800

Assets		$	10,538,492	$	8,746,326
Amortization of intangibles		$	667	$	715
Depreciation		$	3,748	$	2,959

_____________________

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

(2)The Holding Company and Eliminations segment includes the results of DGHM.

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