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SEGMENT REPORTING (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Operating Segments and Reconciliation of Information to Consolidated Financial Statements Information for the operating segments and reconciliation of the information to the condensed consolidated financial statements for the periods indicated is presented in the following tables:

 

 

Three Months Ended June 30, 2019

 

 

Community

 

 

 

 

Investment

 

Inter-Segment

 

 

 

(In thousands)

 

Banking

 

Insurance

 

Mgmt.

 

Elimination

 

Total

Interest income

 

$

87,214

 

$

1

 

$

3

 

$

(4)

 

$

87,214

Interest expense

 

 

21,033

 

 

-

 

 

-

 

 

(4)

 

 

21,029

Provision (credit) for loan losses

 

 

1,633

 

 

-

 

 

-

 

 

-

 

 

1,633

Noninterest income

 

 

12,856

 

 

1,269

 

 

2,597

 

 

(166)

 

 

16,556

Noninterest expense

 

 

40,859

 

 

1,304

 

 

1,890

 

 

(166)

 

 

43,887

Income before income taxes

 

 

36,545

 

 

(34)

 

 

710

 

 

-

 

 

37,221

Income tax expense

 

 

8,769

 

 

(8)

 

 

184

 

 

-

 

 

8,945

Net income

 

$

27,776

 

$

(26)

 

$

526

 

$

-

 

$

28,276

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

$

8,398,263

 

$

11,552

 

$

20,253

 

$

(31,549)

 

$

8,398,519

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2018

 

 

Community

 

 

 

 

Investment

 

Inter-Segment

 

 

 

(In thousands)

 

Banking

 

Insurance

 

Mgmt.

 

Elimination

 

Total

Interest income

 

$

78,596

 

$

1

 

$

2

 

$

(2)

 

$

78,597

Interest expense

 

 

14,781

 

 

-

 

 

-

 

 

(2)

 

 

14,779

Provision for loan losses

 

 

1,733

 

 

-

 

 

-

 

 

-

 

 

1,733

Non-interest income

 

 

11,252

 

 

1,179

 

 

2,590

 

 

(153)

 

 

14,868

Non-interest expense

 

 

42,302

 

 

1,302

 

 

1,631

 

 

(153)

 

 

45,082

Income before income taxes

 

 

31,032

 

 

(122)

 

 

961

 

 

-

 

 

31,871

Income tax expense

 

 

7,249

 

 

(32)

 

 

255

 

 

-

 

 

7,472

Net income

 

$

23,783

 

$

(90)

 

$

706

 

$

-

 

$

24,399

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

$

8,154,957

 

$

9,041

 

$

15,407

 

$

(26,805)

 

$

8,152,600

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2019

 

 

Community

 

 

 

 

Investment

 

Inter-Segment

 

 

 

(In thousands)

 

Banking

 

Insurance

 

Mgmt.

 

Elimination

 

Total

Interest income

 

$

175,397

 

$

2

 

$

5

 

$

(7)

 

$

175,397

Interest expense

 

 

42,469

 

 

-

 

 

-

 

 

(7)

 

 

42,462

Provision for loan losses

 

 

1,505

 

 

-

 

 

-

 

 

-

 

 

1,505

Noninterest income

 

 

25,563

 

 

3,173

 

 

5,122

 

 

(333)

 

 

33,525

Noninterest expense

 

 

82,070

 

 

2,724

 

 

3,618

 

 

(333)

 

 

88,079

Income before income taxes

 

 

74,916

 

 

451

 

 

1,509

 

 

-

 

 

76,876

Income tax expense

 

 

17,762

 

 

127

 

 

394

 

 

-

 

 

18,283

Net income

 

$

57,154

 

$

324

 

$

1,115

 

$

-

 

$

58,593

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

$

8,398,263

 

$

11,552

 

$

20,253

 

$

(31,549)

 

$

8,398,519

 

 

Six Months Ended June 30, 2018

 

 

Community

 

 

 

 

Investment

 

Inter-Segment

 

 

 

(In thousands)

 

Banking

 

Insurance

 

Mgmt.

 

Elimination

 

Total

Interest income

 

$

154,100

 

$

1

 

$

3

 

$

(3)

 

$

154,101

Interest expense

 

 

27,395

 

 

-

 

 

-

 

 

(3)

 

 

27,392

Provision for loan losses

 

 

3,730

 

 

-

 

 

-

 

 

-

 

 

3,730

Non-interest income

 

 

24,423

 

 

3,001

 

 

4,869

 

 

(307)

 

 

31,986

Non-interest expense

 

 

89,333

 

 

2,681

 

 

3,016

 

 

(307)

 

 

94,723

Income before income taxes

 

 

58,065

 

 

321

 

 

1,856

 

 

-

 

 

60,242

Income tax expense

 

 

13,602

 

 

91

 

 

485

 

 

-

 

 

14,178

Net income

 

$

44,463

 

$

230

 

$

1,371

 

$

-

 

$

46,064

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

$

8,154,957

 

$

9,041

 

$

15,407

 

$

(26,805)

 

$

8,152,600