Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2021

The following table provides total assets by reportable business segment as of the dates indicated.


(Dollars in thousands)	At March 31, 2021		At December 31, 2020		At March 31, 2020
Banking	$	6,313,000	$	6,234,336	$	5,362,279
Wealth Management	48,124		48,646		45,786
Insurance	37,075		35,906		35,935
Other	18,466		17,608		20,768
Consolidated assets	$	6,416,665	$	6,336,496	$	5,464,768

The following tables provide reportable segment-specific information and reconciliations to consolidated financial information for the three months ended March 31, 2021 and 2020.


	Three Months Ended
	March 31, 2021
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	51,449	$	—	$	—	$	8	$	51,457
Interest expense	3,750		—		—		2,293		6,043
Net interest income (expense)	47,699		—		—		(2,285)		45,414
Reversal of provision for credit losses	(11,283)		—		—		—		(11,283)
Noninterest income	11,230		6,773		5,105		142		23,250
Noninterest expense	30,496		4,191		3,304		1,549		39,540
Intersegment (revenue) expense*	(323)		164		159		—		—
Income (expense) before income taxes	40,039		2,418		1,641		(3,692)		40,407
Income tax expense (benefit)	8,271		498		351		(1,316)		7,804
Net income (loss)	$	31,768	$	1,920	$	1,290	$	(2,376)	$	32,603

Net capital expenditures	$	1,111	$	5	$	9	$	62	$	1,187


	Three Months Ended
	March 31, 2020
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	52,004	$	7	$	—	$	8	$	52,019
Interest expense	8,276		—		—		1,275		9,551
Net interest income (expense)	43,728		7		—		(1,267)		42,468
Provision for credit losses	21,843		—		—		—		21,843
Noninterest income	7,552		6,187		4,887		(242)		18,384

Other noninterest expense	31,247		4,178		3,196		156		38,777
Intersegment (revenue) expense*	(282)		152		130		—		—
(Loss) income before income taxes	(1,528)		1,864		1,561		(1,665)		232
Income tax (benefit) expense	(844)		382		336		(480)		(606)
Net (loss) income	$	(684)	$	1,482	$	1,225	$	(1,185)	$	838

Net capital expenditures	$	371	$	5	$	3	$	—	$	379

*Includes an allocation of general and administrative expenses from both the parent holding company and the Bank. These expenses are generally allocated based upon number of employees and square footage utilized.