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Segment Information
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Segment Information

(11)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 four principal business units are metropolitan banks, community banks, other financial services and executive, operations and support. Metropolitan and community banks 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. 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 four business units are as follows:

 

 

 

Metropolitan

Banks

 

 

Community

Banks

 

 

Other

Financial

Services

 

 

Executive,

Operations

& Support

 

 

Eliminations

 

 

Consolidated

 

 

 

(Dollars in thousands)

 

Three Months Ended June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

21,438

 

 

$

44,775

 

 

$

1,411

 

 

$

1,168

 

 

$

—

 

 

$

68,792

 

Noninterest income

 

 

4,635

 

 

 

16,243

 

 

 

10,105

 

 

 

37,917

 

 

 

(34,823

)

 

 

34,077

 

Income before taxes

 

 

14,866

 

 

 

30,041

 

 

 

5,572

 

 

 

27,590

 

 

 

(34,241

)

 

 

43,828

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

21,084

 

 

$

42,068

 

 

$

1,358

 

 

$

370

 

 

$

—

 

 

$

64,880

 

Noninterest income

 

 

4,184

 

 

 

14,832

 

 

 

8,896

 

 

 

33,609

 

 

 

(31,084

)

 

 

30,437

 

Income before taxes

 

 

14,883

 

 

 

27,942

 

 

 

4,028

 

 

 

23,622

 

 

 

(30,639

)

 

 

39,836

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

42,791

 

 

$

88,182

 

 

$

2,582

 

 

$

2,140

 

 

$

—

 

 

$

135,695

 

Noninterest income

 

 

8,844

 

 

 

31,128

 

 

 

19,978

 

 

 

73,438

 

 

 

(67,310

)

 

 

66,078

 

Income before taxes

 

 

30,235

 

 

 

58,086

 

 

 

10,071

 

 

 

52,613

 

 

 

(66,163

)

 

 

84,842

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

41,388

 

 

$

83,450

 

 

$

2,833

 

 

$

244

 

 

$

—

 

 

$

127,915

 

Noninterest income

 

 

8,125

 

 

 

28,785

 

 

 

18,520

 

 

 

65,803

 

 

 

(60,686

)

 

 

60,547

 

Income before taxes

 

 

29,619

 

 

 

54,290

 

 

 

9,071

 

 

 

43,537

 

 

 

(59,740

)

 

 

76,777

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2019

 

$

2,795,525

 

 

$

4,981,139

 

 

$

45,972

 

 

$

883,471

 

 

$

(1,064,086

)

 

$

7,642,021

 

December 31, 2018

 

 

2,743,876

 

 

 

4,892,946

 

 

 

84,706

 

 

 

861,782

 

 

 

(1,009,052

)

 

 

7,574,258

 

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. Capital expenditures are generally charged to the business unit using the asset.