SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATIONOur business segments are defined as Banking, Wealth Management, and Other. The reportable business segments are consistent with the internal reporting and evaluation of the principle lines of business of the Company. The Banking segment provides a wide range of financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products; commercial equipment financing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services; and corporate treasury management services. The Wealth Management segment consists of trust and fiduciary services, brokerage and retirement planning services. The Other segment includes the operating results of the parent company, our captive insurance business unit, and the elimination of intercompany transactions.

Selected business segment financial information for the three and six months ended June 30, 2023 and 2022 were as follows:

(dollars in thousands)	Banking		Wealth Management		Other		Total
Three Months Ended June 30, 2023
Net interest income (expense)	$	61,035	$	—	$	(2,195)	$	58,840
Provision for credit losses	5,879		—		—		5,879
Noninterest income	11,874		6,269		610		18,753
Noninterest expense	38,550		4,675		(331)		42,894
Income (loss) before income taxes (benefit)	28,480		1,594		(1,254)		28,820
Income taxes (benefit)	7,326		445		(526)		7,245
Net income (loss)	$	21,154	$	1,149	$	(728)	$	21,575
Total assets	$	8,025,617	$	30,249	$	(21,145)	$	8,034,721
Six Months Ended June 30, 2023
Net interest income (expense)	$	123,643	$	—	$	(4,299)	$	119,344
Provision for credit losses	9,014		—		—		9,014
Noninterest income	21,495		12,680		357		34,532
Noninterest expense	78,397		9,516		(537)		87,376
Income (loss) before income taxes (benefit)	57,727		3,164		(3,405)		57,486
Income taxes (benefit)	14,532		884		(1,277)		14,139
Net income (loss)	$	43,195	$	2,280	$	(2,128)	$	43,347
Total assets	$	8,025,617	$	30,249	$	(21,145)	$	8,034,721
Three Months Ended June 30, 2022
Net interest income (expense)	$	63,963	$	—	$	(2,629)	$	61,334
Provision for credit losses	5,441		—		—		5,441
Noninterest income	8,495		6,143		(25)		14,613
Noninterest expense	37,362		4,091		(114)		41,339
Income (loss) before income taxes (benefit)	29,655		2,052		(2,540)		29,167
Income taxes (benefit)	7,545		573		(834)		7,284
Net income (loss)	$	22,110	$	1,479	$	(1,706)	$	21,883
Total assets	$	7,422,518	$	29,042	$	(15,748)	$	7,435,812
Six Months Ended June 30, 2022
Net interest income (expense)	$	123,316	$	—	$	(5,155)	$	118,161
Provision for credit losses	9,608		—		—		9,608
Noninterest income	16,901		13,282		43		30,226
Noninterest expense	73,609		8,766		(152)		82,223
Income (loss) before income taxes (benefit)	57,000		4,516		(4,960)		56,556
Income taxes (benefit)	14,260		1,263		(1,599)		13,924
Net income (loss)	$	42,740	$	3,253	$	(3,361)	$	42,632
Total assets	$	7,422,518	$	29,042	$	(15,748)	$	7,435,812