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Segment Information (Tables)
12 Months Ended
Dec. 31, 2020
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)

 

December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

85,464

 

 

$

175,757

 

 

$

21,360

 

 

$

23,500

 

 

$

79

 

 

$

508

 

 

$

306,668

 

Provision for credit losses

 

 

30,202

 

 

 

29,827

 

 

 

1,916

 

 

 

562

 

 

 

141

 

 

 

 

 

 

62,648

 

Noninterest income

 

 

18,664

 

 

 

60,386

 

 

 

1,071

 

 

 

41,549

 

 

 

118,491

 

 

 

(102,939

)

 

 

137,222

 

Depreciation and amortization

 

 

2,639

 

 

 

10,603

 

 

 

760

 

 

 

500

 

 

 

3,922

 

 

 

 

 

 

18,424

 

Other expenses

 

 

36,746

 

 

 

111,341

 

 

 

13,831

 

 

 

44,918

 

 

 

33,588

 

 

 

(1,118

)

 

 

239,306

 

Income before taxes

 

$

34,541

 

 

$

84,372

 

 

$

5,924

 

 

$

19,069

 

 

$

80,919

 

 

$

(101,313

)

 

$

123,512

 

Total assets

 

$

2,729,886

 

 

$

5,527,611

 

 

$

919,572

 

 

$

137,122

 

 

$

1,073,507

 

 

$

(1,175,341

)

 

$

9,212,357

 

Capital expenditures

 

$

1,087

 

 

$

9,946

 

 

$

1,775

 

 

$

450

 

 

$

53,188

 

 

$

 

 

$

66,446

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

86,511

 

 

$

177,330

 

 

$

8,657

 

 

$

5,763

 

 

$

3,660

 

 

$

 

 

$

281,921

 

Provision for credit losses

 

 

2,143

 

 

 

5,606

 

 

 

140

 

 

 

(69

)

 

 

467

 

 

 

 

 

 

8,287

 

Noninterest income

 

 

18,608

 

 

 

64,485

 

 

 

483

 

 

 

40,270

 

 

 

152,320

 

 

 

(138,937

)

 

 

137,229

 

Depreciation and amortization

 

 

2,463

 

 

 

10,218

 

 

 

274

 

 

 

603

 

 

 

2,431

 

 

 

 

 

 

15,989

 

Other expenses

 

 

37,549

 

 

 

109,044

 

 

 

4,939

 

 

 

25,408

 

 

 

50,941

 

 

 

(2,569

)

 

 

225,312

 

Income before taxes

 

$

62,964

 

 

$

116,947

 

 

$

3,787

 

 

$

20,091

 

 

$

102,141

 

 

$

(136,368

)

 

$

169,562

 

Total assets

 

$

2,806,021

 

 

$

4,998,247

 

 

$

738,351

 

 

$

102,442

 

 

$

950,920

 

 

$

(1,030,223

)

 

$

8,565,758

 

Capital expenditures

 

$

4,349

 

 

$

11,219

 

 

$

83

 

 

$

1,220

 

 

$

10,183

 

 

$

 

 

$

27,054

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

84,043

 

 

$

170,096

 

 

$

 

 

$

5,341

 

 

$

996

 

 

$

 

 

$

260,476

 

Provision for credit losses

 

 

79

 

 

 

4,178

 

 

 

 

 

 

(466

)

 

 

11

 

 

 

 

 

 

3,802

 

Noninterest income

 

 

16,625

 

 

 

60,004

 

 

 

 

 

 

37,743

 

 

 

137,364

 

 

 

(126,537

)

 

 

125,199

 

Depreciation and amortization

 

 

2,364

 

 

 

9,092

 

 

 

 

 

 

588

 

 

 

1,502

 

 

 

 

 

 

13,546

 

Other expenses

 

 

36,873

 

 

 

106,674

 

 

 

 

 

 

24,895

 

 

 

42,319

 

 

 

(2,186

)

 

 

208,575

 

Income before taxes

 

$

61,352

 

 

$

110,156

 

 

$

 

 

$

18,067

 

 

$

94,528

 

 

$

(124,351

)

 

$

159,752

 

Total assets

 

$

2,743,876

 

 

$

4,892,946

 

 

$

 

 

$

84,706

 

 

$

861,782

 

 

$

(1,009,052

)

 

$

7,574,258

 

Capital expenditures

 

$

3,003

 

 

$

21,393

 

 

$

 

 

$

1,035

 

 

$

26,432

 

 

$

 

 

$

51,863