Schedule of Segment Financial Information |
The following tables provides segment financial information for the years ended December 31, 2016, 2015 and 2014 follows:
Year ended December 31, 2016 |
|
Banking |
|
|
Mortgage |
|
|
Consolidated |
|
Net interest income |
|
$ |
112,365 |
|
|
$ |
(1,415 |
) |
|
$ |
110,950 |
|
Provision for loan loss |
|
|
(1,479 |
) |
|
|
— |
|
|
|
(1,479 |
) |
Mortgage banking income |
|
|
25,542 |
|
|
|
92,209 |
|
|
|
117,751 |
|
Other noninterest income |
|
|
26,934 |
|
|
|
— |
|
|
|
26,934 |
|
Depreciation |
|
|
3,506 |
|
|
|
489 |
|
|
|
3,995 |
|
Amortization of intangibles |
|
|
2,132 |
|
|
|
— |
|
|
|
2,132 |
|
Amortization and impairment of mortgage servicing rights |
|
|
— |
|
|
|
12,999 |
|
|
|
12,999 |
|
Loss on sale of mortgage servicing rights |
|
|
— |
|
|
|
4,447 |
|
|
|
4,447 |
|
Other noninterest mortgage banking expense |
|
|
16,095 |
|
|
|
66,256 |
|
|
|
82,351 |
|
Other noninterest expense |
|
|
88,866 |
|
|
|
— |
|
|
|
88,866 |
|
Income before income taxes |
|
|
55,721 |
|
|
|
6,603 |
|
|
|
62,324 |
|
Income tax expense |
|
|
|
|
|
|
|
|
|
|
21,733 |
|
Net income |
|
|
|
|
|
|
|
|
|
|
40,591 |
|
Total assets |
|
$ |
2,752,773 |
|
|
$ |
524,108 |
|
|
$ |
3,276,881 |
|
Goodwill |
|
|
46,767 |
|
|
|
100 |
|
|
|
46,867 |
|
Year ended December 31, 2015 |
|
Banking |
|
|
Mortgage |
|
|
Consolidated |
|
Net interest income |
|
$ |
92,366 |
|
|
$ |
1,506 |
|
|
$ |
93,872 |
|
Provision for loan loss |
|
|
(3,070 |
) |
|
|
6 |
|
|
|
(3,064 |
) |
Mortgage banking income |
|
|
18,718 |
|
|
|
51,472 |
|
|
|
70,190 |
|
Other noninterest income |
|
|
22,190 |
|
|
|
— |
|
|
|
22,190 |
|
Depreciation and amortization |
|
|
2,933 |
|
|
|
350 |
|
|
|
3,283 |
|
Amortization of intangibles |
|
|
1,731 |
|
|
|
— |
|
|
|
1,731 |
|
Amortization and impairment of mortgage servicing rights |
|
|
— |
|
|
|
2,795 |
|
|
|
2,795 |
|
Other noninterest mortgage banking expense |
|
|
13,189 |
|
|
|
42,949 |
|
|
|
56,138 |
|
Other noninterest expense |
|
|
74,545 |
|
|
|
— |
|
|
|
74,545 |
|
Income before income taxes |
|
|
43,946 |
|
|
|
6,878 |
|
|
|
50,824 |
|
Income tax expense |
|
|
|
|
|
|
|
|
|
|
2,968 |
|
Net income |
|
|
|
|
|
|
|
|
|
|
47,856 |
|
Total assets |
|
$ |
2,570,071 |
|
|
$ |
329,349 |
|
|
$ |
2,899,420 |
|
Goodwill |
|
|
46,804 |
|
|
|
100 |
|
|
|
46,904 |
|
Year ended December 31, 2014 |
|
Banking |
|
|
Mortgage |
|
|
Consolidated |
|
Net interest income |
|
$ |
83,192 |
|
|
$ |
184 |
|
|
$ |
83,376 |
|
Provision for loan loss |
|
|
(2,716 |
) |
|
|
— |
|
|
|
(2,716 |
) |
Mortgage banking income |
|
|
8,958 |
|
|
|
22,177 |
|
|
|
31,135 |
|
Other noninterest income |
|
|
19,667 |
|
|
|
— |
|
|
|
19,667 |
|
Depreciation and amortization |
|
|
2,784 |
|
|
|
315 |
|
|
|
3,099 |
|
Amortization of intangibles |
|
|
1,613 |
|
|
|
— |
|
|
|
1,613 |
|
Amortization and impairment of mortgage servicing rights |
|
|
— |
|
|
|
397 |
|
|
|
397 |
|
Other noninterest mortgage banking expense |
|
|
8,551 |
|
|
|
21,018 |
|
|
|
29,569 |
|
Other noninterest expense |
|
|
67,485 |
|
|
|
— |
|
|
|
67,485 |
|
Income before income taxes |
|
|
34,100 |
|
|
|
631 |
|
|
|
34,731 |
|
Income tax expense |
|
|
|
|
|
|
|
|
|
|
2,269 |
|
Net income |
|
|
|
|
|
|
|
|
|
|
32,462 |
|
Total assets |
|
$ |
2,202,978 |
|
|
$ |
225,211 |
|
|
$ |
2,428,189 |
|
Goodwill |
|
|
46,804 |
|
|
|
100 |
|
|
|
46,904 |
|
|