Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2024

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


(Dollars in thousands)	At March 31, 2024		At December 31, 2023		At March 31, 2023
Banking	$	7,615,767	$	7,656,154	$	7,238,593
Wealth Management	62,893		57,715		59,127
Insurance	50,066		48,535		46,059
Other	17,842		18,224		15,212
Consolidated assets	$	7,746,568	$	7,780,628	$	7,358,991

The following tables provide reportable segment-specific information and reconciliations to consolidated financial information for the three months ended March 31, 2024 and 2023.


	Three Months Ended
	March 31, 2024
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	98,582	$	18	$	—	$	9	$	98,609
Interest expense	44,861		—		—		2,281		47,142
Net interest income (expense)	53,721		18		—		(2,272)		51,467
Provision for credit losses	1,432		—		—		—		1,432
Noninterest income	10,959		7,353		7,288		(5)		25,595
Noninterest expense	38,772		5,482		4,053		1,767		50,074
Intersegment (revenue) expense*	(560)		437		123		—		—
Income (loss) before income taxes	25,036		1,452		3,112		(4,044)		25,556
Income tax expense (benefit)	5,096		275		688		(808)		5,251
Net income (loss)	$	19,940	$	1,177	$	2,424	$	(3,236)	$	20,305
Net capital expenditures	$	(1,463)	$	6	$	9	$	48	$	(1,400)


	Three Months Ended
	March 31, 2023
(Dollars in thousands)	Banking		Wealth Management		Insurance		Other		Consolidated
Interest income	$	83,230	$	14	$	—	$	9	$	83,253
Interest expense	21,655		—		—		2,281		23,936
Net interest income (expense)	61,575		14		—		(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	24,730		1,798		2,663		(3,110)		26,081
Income tax expense (benefit)	5,185		164		583		(885)		5,047
Net income (loss)	$	19,545	$	1,634	$	2,080	$	(2,225)	$	21,034
Net capital expenditures	$	2,201	$	3	$	56	$	325	$	2,585

*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.