Segment Information

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Segment Information

(13) 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 six principal business units are metropolitan banks, community banks, Pegasus, Worthington, other financial services and executive, operations and support. Metropolitan banks, community banks, Pegasus and Worthington 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 consists of banking locations in the Dallas metropolitan area. Worthington consists of banking locations in the Fort Worth 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 six business units are as follows:

	Metropolitan Banks		Community Banks		Pegasus		Worthington		Other Financial Services		Executive, Operations & Support			Eliminations			Consolidated
	(Dollars in thousands)
Three Months Ended June 30, 2022
Net interest income	$	21,962	$	49,615	$	9,964	$	3,743	$	2,079	$	(505	)	$	9		$	86,867
Noninterest income		5,504		18,152		293		286		10,753		52,756			(45,146	)		42,598
Income before taxes		15,142		36,462		4,672		1,436		4,643		37,901			(45,009	)		55,247
Three Months Ended June 30, 2021
Net interest income	$	19,848	$	45,024	$	5,808	$	—	$	11,457	$	9		$	217		$	82,363
Noninterest income		3,669		16,197		355		—		10,913		62,025			(48,541	)		44,618
Income before taxes		17,602		36,514		1,947		—		5,220		49,790			(48,166	)		62,907
Six Months Ended June 30, 2022
Net interest income	$	41,570	$	94,183	$	17,584	$	5,437	$	4,992	$	(1,412	)	$	20		$	162,374
Noninterest income		15,277		34,997		484		419		23,736		95,330			(83,995	)	$	86,248
Income before taxes		33,313		67,801		7,499		1,821		10,688		61,549			(83,715	)	$	98,956
Six Months Ended June 30, 2021
Net interest income	$	39,181	$	87,794	$	11,167	$	—	$	21,339	$	(398	)	$	486		$	159,569
Noninterest income		8,813		31,173		739		—		22,488		111,756			(90,416	)	$	84,553
Income before taxes		31,526		66,283		3,592		—		11,171		92,130			(89,617	)	$	115,085
Total Assets:
June 30, 2022	$	3,430,347	$	6,899,994	$	1,424,086	$	540,608	$	108,723	$	1,574,991		$	(1,448,676	)	$	12,530,073
December 31, 2021		2,627,874		5,821,220		1,045,699		—		71,694		1,201,974			(1,362,849	)		9,405,612

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.