Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2023

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


(Dollars in thousands)	At March 31, 2023		At December 31, 2022		At March 31, 2022
Banking	$	7,238,593	$	7,104,727	$	6,997,081
Wealth Management	59,127		58,239		53,174
Insurance	46,059		44,728		42,240
Other	15,212		14,322		15,245
Consolidated assets	$	7,358,991	$	7,222,016	$	7,107,740

The following tables provide reportable segment-specific information and reconciliations to consolidated financial information for the three months ended March 31, 2023 and 2022.


	Three Months Ended
	March 31, 2023
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	83,224	$	20	$	—	$	9	$	83,253
Interest expense	20,676		979		—		2,281		23,936
Net interest income (expense)	62,548		(959)		—		(2,272)		59,317
Provision for credit losses	3,387		—		—		—		3,387
Noninterest income	6,237		6,759		6,720		(36)		19,680
Noninterest expense	39,932		4,860		3,935		802		49,529
Intersegment (revenue) expense*	(237)		115		122		—		—
Income (loss) before income taxes	25,703		825		2,663		(3,110)		26,081
Income tax expense (benefit)	5,185		164		583		(885)		5,047
Net income (loss)	$	20,518	$	661	$	2,080	$	(2,225)	$	21,034
Net capital expenditures	$	2,201	$	3	$	56	$	325	$	2,585


	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)

*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.