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Segment Information (Tables)
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Results of Operations and Selected Financial Information

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