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Business Segments (Tables)
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
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, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Interest and dividend income

 

$

484,253

 

 

$

 

 

$

484,253

 

Interest expense

 

 

84,349

 

 

 

 

 

 

84,349

 

Net interest income

 

 

399,904

 

 

 

 

 

 

399,904

 

Provision for credit losses

 

 

11,198

 

 

 

 

 

 

11,198

 

Net interest income after provision for credit losses

 

 

388,706

 

 

 

 

 

 

388,706

 

Non-interest income

 

 

90,137

 

 

 

26,579

 

 

 

116,716

 

Non-interest expense

 

 

295,747

 

 

 

16,461

 

 

 

312,208

 

Income before provision for income taxes

 

 

183,096

 

 

 

10,118

 

 

 

193,214

 

Provision for income taxes

 

 

32,216

 

 

 

2,125

 

 

 

34,341

 

Net income

 

$

150,880

 

 

$

7,993

 

 

$

158,873

 

For the Year Ended December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Interest and dividend income

 

$

414,957

 

 

$

-

 

 

 

414,957

 

Interest expense

 

 

67,721

 

 

 

-

 

 

 

67,721

 

Net interest income

 

 

347,236

 

 

 

-

 

 

 

347,236

 

Provision for credit losses

 

 

7,764

 

 

 

-

 

 

 

7,764

 

Net interest income after provision for credit losses

 

 

339,472

 

 

 

-

 

 

 

339,472

 

Non-interest income

 

 

75,653

 

 

 

24,623

 

 

 

100,276

 

Non-interest expense

 

 

250,338

 

 

 

14,886

 

 

 

265,224

 

Income before provision for income taxes

 

 

164,787

 

 

 

9,737

 

 

 

174,524

 

Provision for income taxes

 

 

29,367

 

 

 

2,045

 

 

 

31,412

 

Net income

 

$

135,420

 

 

$

7,692

 

 

$

143,112

 

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