Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2023

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


(Dollars in thousands)	At September 30, 2023		At December 31, 2022		At September 30, 2022
Banking	$	7,706,141	$	7,104,727	$	6,793,567
Wealth Management	57,845		58,239		55,771
Insurance	47,507		44,728		43,547
Other	16,573		14,322		14,512
Consolidated assets	$	7,828,066	$	7,222,016	$	6,907,397

The following tables provide reportable segment-specific information and reconciliations to consolidated financial information for the three and nine months ended September 30, 2023 and 2022.


	Three Months Ended
	September 30, 2023
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	97,079	$	18	$	—	$	9	$	97,106
Interest expense	41,235		—		—		2,281		43,516
Net interest income (expense)	55,844		18		—		(2,272)		53,590
Provision for credit losses	2,024		—		—		—		2,024
Noninterest income	6,950		6,803		4,912		26		18,691
Noninterest expense	39,299		5,130		3,987		572		48,988
Intersegment (revenue) expense*	(236)		114		122		—		—
Income (loss) before income taxes	21,707		1,577		803		(2,818)		21,269
Income tax expense (benefit)	4,452		284		185		(668)		4,253
Net income (loss)	$	17,255	$	1,293	$	618	$	(2,150)	$	17,016
Net capital expenditures	$	560	$	9	$	5	$	33	$	607


	Three Months Ended
	September 30, 2022
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	66,862	$	6	$	—	$	9	$	66,877
Interest expense	7,299		—		—		1,328		8,627
Net interest income (expense)	59,563		6		—		(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	26,201		1,580		541		(2,336)		25,986
Income tax expense (benefit)	5,407		241		108		(571)		5,185
Net income (loss)	$	20,794	$	1,339	$	433	$	(1,765)	$	20,801
Net capital expenditures	$	1,128	$	269	$	15	$	171	$	1,583


	Nine Months Ended
	September 30, 2023
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	270,422	$	49	$	—	$	27	$	270,498
Interest expense	96,417		—		—		6,844		103,261
Net interest income (expense)	174,005		49		—		(6,817)		167,237
Provision for credit losses	8,839		—		—		—		8,839
Noninterest income	21,139		20,246		16,846		(27)		58,204
Noninterest expense	119,984		14,790		11,877		1,665		148,316
Intersegment (revenue) expense*	(709)		344		365		—		—
Income (loss) before income taxes	67,030		5,161		4,604		(8,509)		68,286
Income tax expense (benefit)	13,913		580		1,015		(2,072)		13,436
Net income (loss)	$	53,117	$	4,581	$	3,589	$	(6,437)	$	54,850
Net capital expenditures	$	3,595	$	15	$	124	$	454	$	4,188


	Nine Months Ended
	September 30, 2022
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	174,758	$	8	$	—	$	26	$	174,792
Interest expense	14,428		—		—		3,983		18,411
Net interest income (expense)	160,330		8		—		(3,957)		156,381
Provision for credit losses	6,782		—		—		—		6,782
Noninterest income (expense)	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	64,794		6,227		2,941		(6,384)		67,578
Income tax expense (benefit)	13,038		1,169		612		(1,525)		13,294
Net income (loss)	$	51,756	$	5,058	$	2,329	$	(4,859)	$	54,284
Net capital expenditures	$	(3,944)	$	495	$	53	$	225	$	(3,171)