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Segment Information
 3 Months Ended
Mar. 31, 2020
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 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 four 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 March 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

22,184

 

 

$

44,498

 

 

$

5,608

 

 

$

1,583

 

 

$

200

 

 

$

—

 

 

$

74,073

 

Noninterest income

 

 

4,700

 

 

 

15,853

 

 

 

131

 

 

 

10,890

 

 

 

27,483

 

 

 

(23,912

)

 

 

35,145

 

Income before taxes

 

 

10,413

 

 

 

24,436

 

 

 

1,598

 

 

 

5,759

 

 

 

9,403

 

 

 

(23,359

)

 

 

28,250

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

21,353

 

 

$

43,407

 

 

$

—

 

 

$

1,171

 

 

$

972

 

 

$

—

 

 

$

66,903

 

Noninterest income

 

 

4,209

 

 

 

14,885

 

 

 

—

 

 

 

9,873

 

 

 

35,521

 

 

 

(32,487

)

 

 

32,001

 

Income before taxes

 

 

15,369

 

 

 

28,045

 

 

 

—

 

 

 

4,499

 

 

 

25,023

 

 

 

(31,922

)

 

 

41,014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2020

 

$

2,863,800

 

 

$

5,157,675

 

 

$

757,946

 

 

$

108,546

 

 

$

845,160

 

 

$

(1,064,031

)

 

$

8,669,096

 

December 31, 2019

 

 

2,806,021

 

 

 

4,998,247

 

 

 

738,351

 

 

 

102,442

 

 

 

950,920

 

 

 

(1,030,223

)

 

 

8,565,758

 

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.