Summary of selected financial information by business segment |
|
|
|
|
Investment |
|
|
|
|
|
Commercial |
|
management |
|
|
|
(in thousands) |
|
banking |
|
and trust |
|
Total |
|
Three months ended September 30, 2013 |
|
|
|
|
|
|
|
|
|
|
Net interest income |
|
$ |
19,978 |
|
$ |
39 |
|
$ |
20,017 |
|
Provision for loan losses |
|
1,325 |
|
— |
|
1,325 |
|
Investment management and trust services |
|
— |
|
4,017 |
|
4,017 |
|
All other non-interest income |
|
5,621 |
|
14 |
|
5,635 |
|
Non-interest expense |
|
15,215 |
|
2,356 |
|
17,571 |
|
Income before income taxes |
|
9,059 |
|
1,714 |
|
10,773 |
|
Tax expense |
|
2,485 |
|
606 |
|
3,091 |
|
Net income |
|
$ |
6,574 |
|
$ |
1,108 |
|
$ |
7,682 |
|
Three months ended September 30, 2012 |
|
|
|
|
|
|
|
Net interest income |
|
$ |
18,759 |
|
$ |
36 |
|
$ |
18,795 |
|
Provision for loan losses |
|
2,475 |
|
— |
|
2,475 |
|
Investment management and trust services |
|
— |
|
3,515 |
|
3,515 |
|
All other non-interest income |
|
6,264 |
|
16 |
|
6,280 |
|
Non-interest expense |
|
14,973 |
|
2,072 |
|
17,045 |
|
Income before income taxes |
|
7,575 |
|
1,495 |
|
9,070 |
|
Tax expense |
|
1,865 |
|
523 |
|
2,388 |
|
Net income |
|
$ |
5,710 |
|
$ |
972 |
|
$ |
6,682 |
|
Nine months ended September, 2013 |
|
|
|
|
|
|
|
Net interest income |
|
$ |
57,347 |
|
$ |
108 |
|
$ |
57,455 |
|
Provision for loan losses |
|
4,975 |
|
— |
|
4,975 |
|
Investment management and trust services |
|
— |
|
12,032 |
|
12,032 |
|
All other non-interest income |
|
17,114 |
|
45 |
|
17,159 |
|
Non-interest expense |
|
45,176 |
|
6,796 |
|
51,972 |
|
Income before income taxes |
|
24,310 |
|
5,389 |
|
29,699 |
|
Tax expense |
|
6,938 |
|
1,904 |
|
8,842 |
|
Net income |
|
$ |
17,372 |
|
$ |
3,485 |
|
$ |
20,857 |
|
Nine months ended September, 2012 |
|
|
|
|
|
|
|
Net interest income |
|
$ |
55,528 |
|
$ |
112 |
|
$ |
55,640 |
|
Provision for loan losses |
|
9,025 |
|
— |
|
9,025 |
|
Investment management and trust services |
|
— |
|
10,675 |
|
10,675 |
|
All other non-interest income |
|
17,604 |
|
51 |
|
17,655 |
|
Non-interest expense |
|
42,021 |
|
6,268 |
|
48,289 |
|
Income before income taxes |
|
22,086 |
|
4,570 |
|
26,656 |
|
Tax expense |
|
5,769 |
|
1,600 |
|
7,369 |
|
Net income |
|
$ |
16,317 |
|
$ |
2,970 |
|
$ |
19,287 |
| |