Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2021

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


(Dollars in thousands)	At September 30, 2021		At December 31, 2020		At September 30, 2020
Banking	$	6,868,525	$	6,234,336	$	6,277,894
Wealth Management	51,280		48,646		47,550
Insurance	38,118		35,906		35,168
Other	21,929		17,608		22,219
Consolidated assets	$	6,979,852	$	6,336,496	$	6,382,831

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


	Three Months Ended
	September 30, 2021
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	53,562	$	—	$	—	$	9	$	53,571
Interest expense	3,556		—		—		1,328		4,884
Net interest income (expense)	50,006		—		—		(1,319)		48,687
Reversal of provision for credit losses	(182)		—		—		—		(182)
Noninterest income	9,548		6,963		3,988		53		20,552
Noninterest expense	34,378		4,922		3,232		716		43,248
Intersegment (revenue) expense*	(323)		164		159		—		—
Income (expense) before income taxes	25,681		1,877		597		(1,982)		26,173
Income tax expense (benefit)	5,196		391		123		(448)		5,262
Net income (loss)	$	20,485	$	1,486	$	474	$	(1,534)	$	20,911

Net capital expenditures	$	431	$	4	$	5	$	15	$	455


	Three Months Ended
	September 30, 2020
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	50,603	$	1	$	—	$	8	$	50,612
Interest expense	4,867		—		—		1,891		6,758
Net interest income	45,736		1		—		(1,883)		43,854
Provision for credit losses	3,935		—		—		—		3,935
Noninterest income	11,919		5,963		3,924		(1)		21,805
Noninterest Expense	31,304		3,845		2,974		404		38,527
Intersegment (revenue) expense*	(296)		168		128		—		—
Income (loss) before income taxes	22,712		1,951		822		(2,288)		23,197
Income tax (benefit) expense	4,367		396		171		144		5,078
Net income (loss)	$	18,345	$	1,555	$	651	$	(2,432)	$	18,119

Net capital expenditures	$	646	$	15	$	14	$	8	$	683


	Nine Months Ended
	September 30, 2021
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	157,443	$	1	$	—	$	25	$	157,469
Interest expense	10,789		—		—		5,822		16,611
Net interest income (expense)	146,654		1		—		(5,797)		140,858
Reversal of provision for credit losses	(11,524)		—		—		—		(11,524)
Noninterest income	30,211		20,492		13,083		246		64,032
Noninterest expense	97,977		13,499		9,686		2,912		124,074
Intersegment (revenue) expense*	(969)		492		477		—		—
Income (expense) before income taxes	91,381		6,502		2,920		(8,463)		92,340
Income tax expense (benefit)	18,373		1,347		613		(2,382)		17,951
Net income (loss)	$	73,008	$	5,155	$	2,307	$	(6,081)	$	74,389

Net capital expenditures	$	3,121	$	16	$	18	$	86	$	3,241


	Nine Months Ended
	September 30, 2020
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	152,578	$	8	$	—	$	25	$	152,611
Interest expense	18,399		—		—		4,372		22,771
Net interest income	134,179		8		—		(4,347)		129,840
Provision for credit losses	49,515		—		—		—		49,515
Noninterest income	27,755		17,654		13,020		(240)		58,189
Noninterest expense	91,097		11,752		9,095		1,320		113,264
Intersegment (revenue) expense*	(852)		466		386		—		—
(Loss) income before income taxes	22,174		5,444		3,539		(5,907)		25,250
Income tax (benefit) expense	2,944		1,109		749		(594)		4,208
Net income (loss)	$	19,230	$	4,335	$	2,790	$	(5,313)	$	21,042

Net capital expenditures	$	2,291	$	21	$	23	$	28	$	2,363

*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.