Financial Information by Business Segment |
Condensed financial information by business segment is
presented below:
|
|
|
|
|
|
|
|
|
|
|
|
|
(in
thousands)
|
|
Community
Banking |
|
|
Trust and
Investment
Services |
|
|
Consolidated |
|
For the year ended
December 31, 2017:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and dividend
income
|
|
$ |
332,424 |
|
|
$ |
— |
|
|
|
332,424 |
|
Interest expense
|
|
|
42,129 |
|
|
|
— |
|
|
|
42,129 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest
income
|
|
|
290,295 |
|
|
|
— |
|
|
|
290,295 |
|
Provision for credit
losses
|
|
|
9,986 |
|
|
|
— |
|
|
|
9,986 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income after
provision for credit losses
|
|
|
280,309 |
|
|
|
— |
|
|
|
280,309 |
|
Non-interest income
|
|
|
66,100 |
|
|
|
22,740 |
|
|
|
88,840 |
|
Non-interest expense
|
|
|
207,441 |
|
|
|
13,419 |
|
|
|
220,860 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before provision for
income taxes
|
|
|
138,968 |
|
|
|
9,321 |
|
|
|
148,289 |
|
Provision for income
taxes
|
|
|
50,079 |
|
|
|
3,728 |
|
|
|
53,807 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$ |
88,889 |
|
|
$ |
5,593 |
|
|
$ |
94,482 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended
December 31, 2016:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and dividend
income
|
|
$ |
286,097 |
|
|
$ |
— |
|
|
$ |
286,097 |
|
Interest expense
|
|
|
32,767 |
|
|
|
— |
|
|
|
32,767 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest
income
|
|
|
253,330 |
|
|
|
— |
|
|
|
253,330 |
|
Provision for credit
losses
|
|
|
8,478 |
|
|
|
— |
|
|
|
8,478 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income after
provision for credit losses
|
|
|
244,852 |
|
|
|
— |
|
|
|
244,852 |
|
Non-interest income
|
|
|
59,869 |
|
|
|
21,630 |
|
|
|
81,499 |
|
Non-interest expense
|
|
|
196,784 |
|
|
|
11,896 |
|
|
|
208,680 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before provision for
income taxes
|
|
|
107,937 |
|
|
|
9,734 |
|
|
|
117,671 |
|
Provision for income
taxes
|
|
|
27,142 |
|
|
|
3,894 |
|
|
|
31,036 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$ |
80,795 |
|
|
$ |
5,840 |
|
|
$ |
86,635 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended
December 31, 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and dividend
income
|
|
$ |
261,712 |
|
|
$ |
— |
|
|
$ |
261,712 |
|
Interest expense
|
|
|
24,725 |
|
|
|
— |
|
|
|
24,725 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest
income
|
|
|
236,987 |
|
|
|
— |
|
|
|
236,987 |
|
Provision for credit
losses
|
|
|
8,353 |
|
|
|
— |
|
|
|
8,353 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net interest income after
provision for credit losses
|
|
|
228,634 |
|
|
|
— |
|
|
|
228,634 |
|
Non-interest income
|
|
|
52,566 |
|
|
|
21,900 |
|
|
|
74,466 |
|
Non-interest expense
|
|
|
181,821 |
|
|
|
12,102 |
|
|
|
193,923 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before provision for
income taxes
|
|
|
99,379 |
|
|
|
9,798 |
|
|
|
109,177 |
|
Provision for income
taxes
|
|
|
24,496 |
|
|
|
3,919 |
|
|
|
28,415 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$ |
74,883 |
|
|
$ |
5,879 |
|
|
$ |
80,762 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|