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SEGMENT REPORTING (Tables)
9 Months Ended
Sep. 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 September 30, 2019

 

 

Community

 

 

 

 

Investment

 

Inter-Segment

 

 

 

(In thousands)

 

Banking

 

Insurance

 

Mgmt.

 

Elimination

 

Total

Interest income

 

$

87,068

 

$

13

 

$

4

 

$

(3)

 

$

87,082

Interest expense

 

 

20,295

 

 

-

 

 

-

 

 

(3)

 

 

20,292

Provision (credit) for loan losses

 

 

1,524

 

 

-

 

 

-

 

 

-

 

 

1,524

Noninterest income

 

 

14,080

 

 

2,123

 

 

2,538

 

 

(168)

 

 

18,573

Noninterest expense

 

 

41,806

 

 

1,635

 

 

1,652

 

 

(168)

 

 

44,925

Income before income taxes

 

 

37,523

 

 

501

 

 

890

 

 

-

 

 

38,914

Income tax expense

 

 

9,162

 

 

138

 

 

231

 

 

-

 

 

9,531

Net income

 

$

28,361

 

$

363

 

$

659

 

$

-

 

$

29,383

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

$

8,437,588

 

$

11,615

 

$

22,033

 

$

(33,698)

 

$

8,437,538

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2018

 

 

Community

 

 

 

 

Investment

 

Inter-Segment

 

 

 

(In thousands)

 

Banking

 

Insurance

 

Mgmt.

 

Elimination

 

Total

Interest income

 

$

84,374

 

$

1

 

$

2

 

$

(3)

 

$

84,374

Interest expense

 

 

16,786

 

 

-

 

 

-

 

 

(3)

 

 

16,783

Provision for loan losses

 

 

1,890

 

 

-

 

 

-

 

 

-

 

 

1,890

Non-interest income

 

 

10,707

 

 

2,018

 

 

2,462

 

 

(154)

 

 

15,033

Non-interest expense

 

 

39,372

 

 

1,564

 

 

1,611

 

 

(154)

 

 

42,393

Income before income taxes

 

 

37,033

 

 

455

 

 

853

 

 

-

 

 

38,341

Income tax expense

 

 

8,755

 

 

127

 

 

225

 

 

-

 

 

9,107

Net income

 

$

28,278

 

$

328

 

$

628

 

$

-

 

$

29,234

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

$

8,038,263

 

$

9,473

 

$

15,969

 

$

(29,140)

 

$

8,034,565

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2019

 

 

Community

 

 

 

 

Investment

 

Inter-Segment

 

 

 

(In thousands)

 

Banking

 

Insurance

 

Mgmt.

 

Elimination

 

Total

Interest income

 

$

262,465

 

$

15

 

$

9

 

$

(10)

 

$

262,479

Interest expense

 

 

62,764

 

 

-

 

 

-

 

 

(10)

 

 

62,754

Provision for loan losses

 

 

3,029

 

 

-

 

 

-

 

 

-

 

 

3,029

Noninterest income

 

 

39,643

 

 

5,296

 

 

7,660

 

 

(501)

 

 

52,098

Noninterest expense

 

 

123,876

 

 

4,359

 

 

5,270

 

 

(501)

 

 

133,004

Income before income taxes

 

 

112,439

 

 

952

 

 

2,399

 

 

-

 

 

115,790

Income tax expense

 

 

26,924

 

 

265

 

 

625

 

 

-

 

 

27,814

Net income

 

$

85,515

 

$

687

 

$

1,774

 

$

-

 

$

87,976

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

$

8,437,588

 

$

11,615

 

$

22,033

 

$

(33,698)

 

$

8,437,538

 

 

Nine Months Ended September 30, 2018

 

 

Community

 

 

 

 

Investment

 

Inter-Segment

 

 

 

(In thousands)

 

Banking

 

Insurance

 

Mgmt.

 

Elimination

 

Total

Interest income

 

$

238,474

 

$

2

 

$

5

 

$

(6)

 

$

238,475

Interest expense

 

 

44,181

 

 

-

 

 

-

 

 

(6)

 

 

44,175

Provision for loan losses

 

 

5,620

 

 

-

 

 

-

 

 

-

 

 

5,620

Non-interest income

 

 

35,130

 

 

5,019

 

 

7,331

 

 

(461)

 

 

47,019

Non-interest expense

 

 

128,705

 

 

4,245

 

 

4,627

 

 

(461)

 

 

137,116

Income before income taxes

 

 

95,098

 

 

776

 

 

2,709

 

 

-

 

 

98,583

Income tax expense

 

 

22,357

 

 

218

 

 

710

 

 

-

 

 

23,285

Net income

 

$

72,741

 

$

558

 

$

1,999

 

$

-

 

$

75,298

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

$

8,038,263

 

$

9,473

 

$

15,969

 

$

(29,140)

 

$

8,034,565