Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2022

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


(Dollars in thousands)	At March 31, 2022		At December 31, 2021		At March 31, 2021
Banking	$	6,997,081	$	7,005,952	$	6,313,108
Wealth Management	53,174		54,076		48,016
Insurance	42,240		40,649		37,075
Other	15,245		21,744		18,466
Consolidated assets	$	7,107,740	$	7,122,421	$	6,416,665

The following tables provide reportable segment-specific information and reconciliations to consolidated financial information for the three months ended March 31, 2022 and 2021.


	Three Months Ended
	March 31, 2022
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	51,189	$	1	$	—	$	8	$	51,198
Interest expense	3,180		30		—		1,328		4,538
Net interest income (expense)	48,009		(29)		—		(1,320)		46,660
Reversal of provision for credit losses	(3,450)		—		—		—		(3,450)
Noninterest income	7,370		7,305		5,764		31		20,470
Noninterest expense	36,488		4,709		3,865		350		45,412
Intersegment (revenue) expense*	(433)		211		222		—		—
Income (loss) before income taxes	22,774		2,356		1,677		(1,639)		25,168
Income tax expense (benefit)	4,543		492		358		(542)		4,851
Net income (loss)	$	18,231	$	1,864	$	1,319	$	(1,097)	$	20,317

Net capital expenditures	$	(5,592)	$	63	$	15	$	20	$	(5,494)


	Three Months Ended
	March 31, 2021
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	51,449	$	—	$	—	$	8	$	51,457
Interest expense	3,719		31		—		2,293		6,043
Net interest income (expense)	47,730		(31)		—		(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	30,601		4,086		3,304		1,549		39,540
Intersegment (revenue) expense*	(323)		164		159		—		—
Income (loss) before income taxes	39,965		2,492		1,641		(3,692)		40,407
Income tax expense (benefit)	8,255		514		351		(1,316)		7,804
Net income (loss)	$	31,710	$	1,978	$	1,290	$	(2,376)	$	32,603

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

*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.