SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2024

SEGMENT REPORTING

Summary of key operating results of business segments

			Wealth
(dollars in thousands)	Banking		Management		Other		Total
Three Months Ended June 30, 2024:
Interest income	$	150,914	$	—	$	—	$	150,914
Interest expense		105,380		—		1,705		107,085
Net interest income		45,534		—		(1,705)		43,829
Provision (reversal) for credit losses		(806)		—		—		(806)
Noninterest income		6,241		7,790		(373)		13,658
Noninterest expense
Compensation and benefits		14,821		4,079		195		19,095
Customer service costs		16,104		—		—		16,104
Professional services and marketing costs		2,656		926		85		3,667
Other		15,720		679		364		16,763
Income (loss) before income taxes		3,280		2,106		(2,722)		2,664
Income tax (benefit) expense		(255)		594		(760)		(421)
Net income (loss)	$	3,535	$	1,512	$	(1,962)	$	3,085
Three Months Ended June 30, 2023:
Interest income	$	145,328	$	—	$	—	$	145,328
Interest expense		94,539		—		1,805		96,344
Net interest income		50,789		—		(1,805)		48,984
Provision for credit losses		887		—		—		887
Noninterest income		5,067		7,415		(403)		12,079
Noninterest expense
Goodwill impairment		215,252		—		—		215,252
Compensation and benefits		16,685		4,058		283		21,026
Customer service costs		19,004		—		—		19,004
Professional services and marketing costs		2,086		912		644		3,642
Other		12,925		647		268		13,840
(Loss) income before income taxes		(210,983)		1,798		(3,403)		(212,588)
Income tax expense (benefit)		134		529		(963)		(300)
Net (loss) income	$	(211,117)	$	1,269	$	(2,440)	$	(212,288)

			Wealth
(dollars in thousands)	Banking		Management		Other		Total
Six Months Ended June 30, 2024:
Interest income	$	301,367	$	—	$	—	$	301,367
Interest expense		215,742		—		3,410		219,152
Net interest income		85,625		—		(3,410)		82,215
Provision (reversal) for credit losses		(229)		—		—		(229)
Noninterest income		11,924		15,139		(722)		26,341
Noninterest expense
Compensation and benefits		29,993		8,174		335		38,502
Customer service costs		26,842		—		—		26,842
Professional services and marketing costs		5,188		1,827		42		7,057
Other		31,818		1,359		660		33,837
Income (loss) before income taxes		3,937		3,779		(5,169)		2,547
Income tax expense (benefit)		(966)		1,081		(1,446)		(1,331)
Net income (loss)	$	4,903	$	2,698	$	(3,723)	$	3,878
Six Months Ended June 30, 2023:
Interest income	$	282,328	$	—	$	—	$	282,328
Interest expense		170,988		—		3,601		174,589
Net interest income		111,340		—		(3,601)		107,739
Provision (reversal) for credit losses		1,304		—		—		1,304
Noninterest income		9,868		14,706		(797)		23,777
Noninterest expense
Goodwill impairment		215,252		—		—		215,252
Compensation and benefits		36,945		8,618		749		46,312
Customer service costs		35,719		—		—		35,719
Professional services and marketing costs		4,750		1,716		1,471		7,937
Other		24,931		1,348		605		26,884
Income (loss) before income taxes		(197,693)		3,024		(7,223)		(201,892)
Income tax expense (benefit)		3,081		893		(2,074)		1,900
Net income (loss)	$	(200,774)	$	2,131	$	(5,149)	$	(203,792)