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BUSINESS SEGMENTS (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Schedule of Income and Total Assets for Reportable Segments

The following tables present the statements of income and total assets for the Corporation’s reportable segments for the three months ended March 31, 2019 and 2018.

 

 

 

Three Months Ended March 31, 2019

 

 

 

 

 

 

 

Wealth

 

 

 

 

 

 

 

 

 

 

 

Management

 

 

 

 

 

(In thousands)

 

Banking

 

 

Division

 

 

Total

 

Net interest income

 

$

28,566

 

 

$

1,441

 

 

$

30,007

 

Noninterest income

 

 

2,279

 

 

 

9,450

 

 

 

11,729

 

Total income

 

 

30,845

 

 

 

10,891

 

 

 

41,736

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for loan and lease losses

 

 

100

 

 

 

 

 

 

100

 

Compensation and benefits

 

 

11,997

 

 

 

5,159

 

 

 

17,156

 

Premises and equipment expense

 

 

2,925

 

 

 

463

 

 

 

3,388

 

FDIC expense

 

 

277

 

 

 

 

 

 

277

 

Other noninterest expense

 

 

2,758

 

 

 

2,136

 

 

 

4,894

 

Total noninterest expense

 

 

18,057

 

 

 

7,758

 

 

 

25,815

 

Income before income tax expense

 

 

12,788

 

 

 

3,133

 

 

 

15,921

 

Income tax expense

 

 

3,611

 

 

 

885

 

 

 

4,496

 

Net income

 

$

9,177

 

 

$

2,248

 

 

$

11,425

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets at period end

 

$

4,582,200

 

 

$

80,106

 

 

$

4,662,306

 

 

 

 

Three Months Ended March 31, 2018

 

 

 

 

 

 

 

Wealth

 

 

 

 

 

 

 

 

 

 

 

Management

 

 

 

 

 

(In thousands)

 

Banking

 

 

Division

 

 

Total

 

Net interest income

 

$

26,848

 

 

$

1,545

 

 

$

28,393

 

Noninterest income

 

 

1,627

 

 

 

8,588

 

 

 

10,215

 

Total income

 

 

28,475

 

 

 

10,133

 

 

 

38,608

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for loan and lease losses

 

 

1,250

 

 

 

 

 

 

1,250

 

Compensation and benefits

 

 

10,331

 

 

 

4,248

 

 

 

14,579

 

Premises and equipment expense

 

 

2,839

 

 

 

431

 

 

 

3,270

 

FDIC Expense

 

 

580

 

 

 

 

 

 

580

 

Other noninterest expense

 

 

2,807

 

 

 

2,101

 

 

 

4,908

 

Total noninterest expense

 

 

17,807

 

 

 

6,780

 

 

 

24,587

 

Income before income tax expense

 

 

10,668

 

 

 

3,353

 

 

 

14,021

 

Income tax expense

 

 

2,445

 

 

 

769

 

 

 

3,214

 

Net income

 

$

8,223

 

 

$

2,584

 

 

$

10,807

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets at period end

 

$

4,278,010

 

 

$

58,484

 

 

$

4,336,494