Summary of information relating to operating segments |
Following is a summary of selected financial information for the Company’s operating segments (dollars in thousands): | | | | | | | | | | | | | | | Goodwill | | Total Assets | | | As of | | As of | | | March 31, | | December 31, | | March 31, | | December 31, | | | 2021 | | 2020 | | 2021 | | 2020 | Banking | | $ | 288,436 | | $ | 288,436 | | $ | 10,674,402 | | $ | 10,462,673 | Remittance Processing | | | 8,992 | | | 8,992 | | | 46,765 | | | 46,553 | Wealth Management | | | 14,108 | | | 14,108 | | | 50,392 | | | 46,504 | Other | | | — | | | — | | | (11,996) | | | (11,683) | Totals | | $ | 311,536 | | $ | 311,536 | | $ | 10,759,563 | | $ | 10,544,047 |
| | | | | | | | | Three Months Ended March 31, | | | 2021 | | 2020 | Net interest income: | | | | | | | Banking | | $ | 68,455 | | $ | 71,573 | Remittance Processing | | | 20 | | | 19 | Wealth Management | | | — | | | — | Other | | | (3,582) | | | (2,159) | Total net interest income | | $ | 64,893 | | $ | 69,433 | | | | | | | | Non-interest income: | | | | | | | Banking | | $ | 12,884 | | $ | 13,168 | Remittance Processing | | | 4,861 | | | 4,069 | Wealth Management | | | 12,587 | | | 11,709 | Other | | | 1,113 | | | (1,429) | Total non-interest income | | $ | 31,445 | | $ | 27,517 | | | | | | | | Non-interest expense: | | | | | | | Banking | | $ | 42,091 | | $ | 48,515 | Remittance Processing | | | 4,290 | | | 2,903 | Wealth Management | | | 6,565 | | | 6,974 | Other | | | 1,553 | | | 2,122 | Total non-interest expense | | $ | 54,499 | | $ | 60,514 | | | | | | | | Income before income taxes: | | | | | | | Banking | | $ | 46,044 | | $ | 19,010 | Remittance Processing | | | 591 | | | 1,185 | Wealth Management | | | 6,022 | | | 4,735 | Other | | | (4,022) | | | (5,710) | Total income before income taxes | | $ | 48,635 | | $ | 19,220 | | | | | | | | Net income: | | | | | | | Banking | | $ | 35,528 | | $ | 14,924 | Remittance Processing | | | 429 | | | 860 | Wealth Management | | | 4,682 | | | 3,599 | Other | | | (2,823) | | | (4,019) | Total net income | | $ | 37,816 | | $ | 15,364 |
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