Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2021

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


(Dollars in thousands)	At June 30, 2021		At December 31, 2020		At June 30, 2020
Banking	$	6,249,195	$	6,234,336	$	6,024,054
Wealth Management	49,822		48,646		46,141
Insurance	37,929		35,906		34,574
Other	19,359		17,608		20,543
Consolidated assets	$	6,356,305	$	6,336,496	$	6,125,312

The following tables provide reportable segment-specific information and reconciliations to consolidated financial information for the three and six months ended June 30, 2021 and 2020.


	Three Months Ended
	June 30, 2021
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	52,432	$	1	$	—	$	8	$	52,441
Interest expense	3,483		—		—		2,201		5,684
Net interest income (expense)	48,949		1		—		(2,193)		46,757
Reversal of provision for credit losses	(59)		—		—		—		(59)
Noninterest income	9,433		6,756		3,990		51		20,230
Noninterest expense	33,103		4,386		3,150		647		41,286
Intersegment (revenue) expense*	(323)		164		159		—		—
Income (expense) before income taxes	25,661		2,207		681		(2,789)		25,760
Income tax expense (benefit)	4,905		459		139		(618)		4,885
Net income (loss)	$	20,756	$	1,748	$	542	$	(2,171)	$	20,875

Net capital expenditures	$	1,579	$	7	$	4	$	9	$	1,599


	Three Months Ended
	June 30, 2020
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	49,971	$	—	$	—	$	9	$	49,980
Interest expense	5,256		—		—		1,206		6,462
Net interest income	44,715		—		—		(1,197)		43,518
Provision for credit losses	23,737		—		—		—		23,737
Noninterest income	8,284		5,504		4,209		3		18,000
Noninterest Expense	28,546		3,729		2,925		760		35,960
Intersegment (revenue) expense*	(274)		146		128		—		—
Income (loss) before income taxes	990		1,629		1,156		(1,954)		1,821
Income tax (benefit) expense	(578)		331		242		(259)		(264)
Net income (loss)	$	1,568	$	1,298	$	914	$	(1,695)	$	2,085

Net capital expenditures	$	1,274	$	1	$	6	$	20	$	1,301


	Six Months Ended
	June 30, 2021
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	103,881	$	1	$	—	$	16	$	103,898
Interest expense	7,233		—		—		4,494		11,727
Net interest income (expense)	96,648		1		—		(4,478)		92,171
Reversal of provision for credit losses	(11,342)		—		—		—		(11,342)
Noninterest income	20,663		13,529		9,095		193		43,480
Noninterest expense	63,599		8,577		6,454		2,196		80,826
Intersegment (revenue) expense*	(646)		328		318		—		—
Income (expense) before income taxes	65,700		4,625		2,323		(6,481)		66,167
Income tax expense (benefit)	13,176		957		490		(1,934)		12,689
Net income (loss)	$	52,524	$	3,668	$	1,833	$	(4,547)	$	53,478

Net capital expenditures	$	2,690	$	12	$	13	$	71	$	2,786


	Six Months Ended
	June 30, 2020
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	101,975	$	7	$	—	$	17	$	101,999
Interest expense	13,532		—		—		2,481		16,013
Net interest income	88,443		7		—		(2,464)		85,986
Provision for credit losses	45,580		—		—		—		45,580
Noninterest income	15,836		11,691		9,096		(239)		36,384
Noninterest expense	59,793		7,907		6,121		916		74,737
Intersegment (revenue) expense*	(556)		298		258		—		—
(Loss) income before income taxes	(538)		3,493		2,717		(3,619)		2,053
Income tax (benefit) expense	(1,422)		713		577		(738)		(870)
Net income (loss)	$	884	$	2,780	$	2,140	$	(2,881)	$	2,923

Net capital expenditures	$	1,645	$	6	$	9	$	20	$	1,680

*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.