Segment Information

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segment Information

(12) SEGMENT INFORMATION

The Company evaluates its performance with an internal profitability measurement system that measures the profitability of its business units on a pre-tax basis. The five principal business units are metropolitan banks, community banks, Pegasus Bank, other financial services and executive, operations and support. Metropolitan banks, community banks and Pegasus Bank offer traditional banking products such as commercial and retail lending and a full line of deposit accounts. Metropolitan banks consist of banking locations in the metropolitan Oklahoma City and Tulsa areas. Community banks consist of banking locations in communities throughout Oklahoma. Pegasus Bank consists of banking locations in the Dallas metropolitan area. Other financial services are specialty product business units including guaranteed small business lending, residential mortgage lending, trust services, securities brokerage, electronic banking and insurance. The executive, operations and support groups represent executive management, operational support and corporate functions that are not allocated to the other business units.

The results of operations and selected financial information for the five business units are as follows:

	Metropolitan Banks		Community Banks		Pegasus Bank		Other Financial Services		Executive, Operations & Support			Eliminations			Consolidated
	(Dollars in thousands)
Three Months Ended September 30, 2021
Net interest income	$	18,728	$	47,817	$	6,141	$	8,718	$	(1,386	)	$	172		$	80,190
Noninterest income		5,681		16,978		359		12,198		45,214			(40,644	)		39,786
Income before taxes		15,072		31,722		2,158		5,069		34,298			(40,040	)		48,279
Three Months Ended September 30, 2020
Net interest income	$	20,476	$	43,369	$	5,078	$	6,816	$	(104	)	$	217		$	75,852
Noninterest income		4,735		15,149		379		10,882		25,969			(22,539	)		34,575
Income before taxes		6,669		18,257		1,429		3,819		17,158			(21,728	)		25,604
Nine Months Ended September 30, 2021
Net interest income	$	57,909	$	135,611	$	17,308	$	30,057	$	(1,784	)	$	658		$	239,759
Noninterest income		14,494		48,151		1,098		34,686		156,970			(131,060	)		124,339
Income before taxes		46,598		98,005		5,750		16,240		126,428			(129,657	)		163,364
Nine Months Ended September 30, 2020
Net interest income	$	64,970	$	131,784	$	15,662	$	14,304	$	196		$	217		$	227,133
Noninterest income		14,006		44,843		631		31,100		79,226			(68,004	)		101,802
Income before taxes		20,695		58,225		4,372		17,364		44,793			(66,289	)		79,160
Total Assets:
September 30, 2021	$	3,292,422	$	6,558,085	$	1,101,900	$	120,743	$	1,570,064		$	(1,340,443	)	$	11,302,771
December 31, 2020		2,729,886		5,527,611		919,572		137,122		1,073,507			(1,175,341	)		9,212,357

The financial information for each business unit is presented on the basis used internally by management to evaluate performance and allocate resources. The Company utilizes a transfer pricing system to allocate the benefit or cost of funds provided or used by the various business units. Certain services provided by the support group to other business units, such as item processing, are allocated at rates approximating the cost of providing the services. Eliminations are adjustments to consolidate the business units and companies.