Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2022

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


(Dollars in thousands)	At September 30, 2022		At December 31, 2021		At September 30, 2021
Banking	$	6,793,567	$	7,005,952	$	6,868,525
Wealth Management	55,771		54,076		51,280
Insurance	43,547		40,649		38,118
Other	14,512		21,744		21,929
Consolidated assets	$	6,907,397	$	7,122,421	$	6,979,852

The following tables provide reportable segment-specific information and reconciliations to consolidated financial information for the three and nine months ended September 30, 2022 and 2021.


	Three Months Ended
	September 30, 2022
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	66,860	$	8	$	—	$	9	$	66,877
Interest expense	6,925		374		—		1,328		8,627
Net interest income (expense)	59,935		(366)		—		(1,319)		58,250
Provision for credit losses	3,558		—		—		—		3,558
Noninterest income	7,216		6,082		4,642		19		17,959
Noninterest expense	37,452		4,298		3,879		1,036		46,665
Intersegment (revenue) expense*	(432)		210		222		—		—
Income (loss) before income taxes	26,573		1,208		541		(2,336)		25,986
Income tax expense (benefit)	5,407		241		108		(571)		5,185
Net income (loss)	$	21,166	$	967	$	433	$	(1,765)	$	20,801
Net capital expenditures	$	1,128	$	269	$	15	$	171	$	1,583


	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 (loss) 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


	Nine Months Ended
	September 30, 2022
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	174,755	$	11	$	—	$	26	$	174,792
Interest expense	13,921		507		—		3,983		18,411
Net interest income (expense)	160,834		(496)		—		(3,957)		156,381
Provision for credit losses	6,782		—		—		—		6,782
Noninterest income	22,066		20,249		15,234		(122)		57,427
Noninterest expense	112,119		13,398		11,626		2,305		139,448
Intersegment (revenue) expense*	(1,299)		632		667		—		—
Income (loss) before income taxes	65,298		5,723		2,941		(6,384)		67,578
Income tax expense (benefit)	13,038		1,169		612		(1,525)		13,294
Net income (loss)	$	52,260	$	4,554	$	2,329	$	(4,859)	$	54,284
Net capital expenditures	$	(3,944)	$	495	$	53	$	225	$	(3,171)


	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 (loss) 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

*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.