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Segment Information (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Results of Operations and Selected Financial Information

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