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v3.22.2.2

SEGMENT REPORTING AND REVENUE (Tables) | 9 Months Ended
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Sep. 30, 2022
Revenue from Contract with Customer [Abstract] |
Schedule of operating segment results | The following tables present the Company’s operating segment results for the three and nine months ended September 30, 2022 and 2021 (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale Banking | ​ | Consumer Banking | ​ | Corporate Other | ​ | Total
Three Months Ended September 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net interest income | ​ | $ | 76,109 | ​ | $ | 60,265 | ​ | $ | 14,341 | ​ | $ | 150,715
Provision for credit losses | ​ |  | 8,558 | ​ | ​ | (2,146) | ​ | ​ | — | ​ | ​ | 6,412
Net interest income after provision for credit losses | ​ |  | 67,551 | ​ | ​ | 62,411 | ​ | ​ | 14,341 | ​ | ​ | 144,303
Noninterest income | ​ |  | 5,483 | ​ | ​ | 14,909 | ​ | ​ | 5,192 | ​ | ​ | 25,584
Noninterest expenses | ​ |  | 36,197 | ​ | ​ | 59,460 | ​ | ​ | 4,266 | ​ | ​ | 99,923
Income before income taxes | ​ | $ | 36,837 | ​ | $ | 17,860 | ​ | $ | 15,267 | ​ | $ | 69,964
Three Months Ended September 30, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net interest income | ​ | $ | 74,121 | ​ | $ | 56,536 | ​ | $ | 6,831 | ​ | $ | 137,488
Provision for credit losses | ​ |  | (16,086) | ​ | ​ | (2,764) | ​ | ​ | — | ​ | ​ | (18,850)
Net interest income after provision for credit losses | ​ |  | 90,207 | ​ | ​ | 59,300 | ​ | ​ | 6,831 | ​ | ​ | 156,338
Noninterest income | ​ |  | 3,206 | ​ | ​ | 21,454 | ​ | ​ | 5,278 | ​ | ​ | 29,938
Noninterest expenses | ​ |  | 31,333 | ​ | ​ | 59,824 | ​ | ​ | 4,186 | ​ | ​ | 95,343
Income before income taxes | ​ | $ | 62,080 | ​ | $ | 20,930 | ​ | $ | 7,923 | ​ | $ | 90,933
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale Banking | ​ | Consumer Banking | ​ | Corporate Other | ​ | Total
Nine Months Ended September 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net interest income | ​ | $ | 217,600 | ​ | $ | 162,297 | ​ | $ | 40,516 | ​ | $ | 420,413
Provision for credit losses | ​ |  | 12,833 | ​ | ​ | (89) | ​ | ​ | 27 | ​ | ​ | 12,771
Net interest income after provision for credit losses | ​ |  | 204,767 | ​ | ​ | 162,386 | ​ | ​ | 40,489 | ​ | ​ | 407,642
Noninterest income | ​ |  | 16,438 | ​ | ​ | 54,664 | ​ | ​ | 22,921 | ​ | ​ | 94,023
Noninterest expenses | ​ |  | 106,120 | ​ | ​ | 180,020 | ​ | ​ | 17,872 | ​ | ​ | 304,012
Income before income taxes | ​ | $ | 115,085 | ​ | $ | 37,030 | ​ | $ | 45,538 | ​ | $ | 197,653
Nine Months Ended September 30, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net interest income | ​ | $ | 223,158 | ​ | $ | 169,680 | ​ | $ | 20,096 | ​ | $ | 412,934
Provision for credit losses | ​ |  | (37,702) | ​ | ​ | (22,186) | ​ | ​ | — | ​ | ​ | (59,888)
Net interest income after provision for credit losses | ​ |  | 260,860 | ​ | ​ | 191,866 | ​ | ​ | 20,096 | ​ | ​ | 472,822
Noninterest income | ​ |  | 10,332 | ​ | ​ | 64,341 | ​ | ​ | 14,715 | ​ | ​ | 89,388
Noninterest expenses | ​ |  | 94,393 | ​ | ​ | 175,697 | ​ | ​ | 29,161 | ​ | ​ | 299,251
Income before income taxes | ​ | $ | 176,799 | ​ | $ | 80,510 | ​ | $ | 5,650 | ​ | $ | 262,959
​ ​ The following table presents the Company’s operating segment results for the the key balance sheet metrics as of September 30, 2022 and December 31, 2021 (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale Banking | ​ | Consumer Banking | ​ | Corporate Other | ​ | Total
As of September 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
LHFI, net of deferred fees and costs(1) | ​ | $ | 10,847,988 | ​ | $ | 3,089,334 | ​ | $ | (18,602) | ​ | $ | 13,918,720
Goodwill | ​ | ​ | 642,256 | ​ | ​ | 282,955 | ​ | ​ | — | ​ | ​ | 925,211
Deposits | ​ | ​ | 6,173,703 | ​ | ​ | 10,270,508 | ​ | ​ | 102,005 | ​ | ​ | 16,546,216
As of December 31, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
LHFI, net of deferred fees and costs(1) | ​ | $ | 10,242,918 | ​ | $ | 2,976,200 | ​ | $ | (23,275) | ​ | $ | 13,195,843
Goodwill | ​ | ​ | 642,256 | ​ | ​ | 293,304 | ​ | ​ | — | ​ | ​ | 935,560
Deposits | ​ | ​ | 6,114,078 | ​ | ​ | 10,366,792 | ​ | ​ | 130,198 | ​ | ​ | 16,611,068
(1) Corporate Other includes acquisition accounting fair value adjustments
Schedule of Disaggregation of Revenue | Noninterest income disaggregated by major source for the three and nine months ended September 30, 2022 and 2021, consisted of the following (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended |  | Nine Months Ended
​ | ​ | September 30, | ​ | September 30, |  | September 30, | ​ | September 30,
​ | ​ | 2022 | ​ | 2021 |  | 2022 | ​ | 2021
Noninterest income: |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |
Deposit Service Charges (1): |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |
Overdraft fees | ​ | $ | 3,831 | ​ | $ | 4,648 | ​ | $ | 14,130 | ​ | $ | 11,864
Maintenance fees & other | ​ |  | 2,953 | ​ |  | 2,550 | ​ |  | 8,291 | ​ |  | 7,450
Other service charges, commissions, and fees (1) | ​ |  | 1,770 | ​ |  | 1,534 | ​ |  | 5,134 | ​ |  | 4,970
Interchange fees(1) | ​ |  | 2,461 | ​ |  | 2,203 | ​ |  | 6,539 | ​ |  | 6,252
Fiduciary and asset management fees (1): | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Trust asset management fees | ​ |  | 3,035 | ​ |  | 3,233 | ​ |  | 9,726 | ​ |  | 9,127
Registered advisor management fees | ​ |  | — | ​ |  | 2,510 | ​ |  | 5,088 | ​ |  | 7,299
Brokerage management fees | ​ |  | 1,099 | ​ |  | 1,286 | ​ |  | 3,515 | ​ |  | 3,897
Mortgage banking income | ​ |  | 1,390 | ​ |  | 4,818 | ​ |  | 6,707 | ​ |  | 17,692
Bank owned life insurance income | ​ |  | 3,445 | ​ |  | 2,727 | ​ |  | 8,858 | ​ |  | 8,202
Loan-related interest rate swap fees | ​ |  | 2,050 | ​ |  | 1,102 | ​ |  | 8,510 | ​ |  | 4,176
Other operating income (2) | ​ |  | 3,550 | ​ |  | 3,327 | ​ |  | 17,525 | ​ |  | 8,459
Total noninterest income | ​ | $ | 25,584 | ​ | $ | 29,938 | ​ | $ | 94,023 | ​ | $ | 89,388
(1) Income within scope of Topic 606. (2) Includes a $9.1 million gain related to the sale of DHFB for the nine months ended September 30, 2022. ​ ​ The following tables present noninterest income disaggregated by reportable operating segment for the three and nine months ended September 30, 2022 and 2021 (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale Banking | ​ | Consumer Banking | ​ | Corporate Other(1) | ​ | Total
Three Months Ended September 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Noninterest income: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Deposit service charges | ​ | $ | 1,775 | ​ | $ | 5,009 | ​ | $ | — | ​ | $ | 6,784
Other service charges and fees | ​ | ​ | 511 | ​ | ​ | 1,259 | ​ | ​ | — | ​ | ​ | 1,770
Fiduciary and asset management fees | ​ | ​ | — | ​ | ​ | 4,134 | ​ | ​ | — | ​ | ​ | 4,134
Mortgage banking income | ​ | ​ | — | ​ | ​ | 1,390 | ​ | ​ | — | ​ | ​ | 1,390
Other income | ​ | ​ | 3,197 | ​ | ​ | 3,117 | ​ | ​ | 5,192 | ​ | ​ | 11,506
Total noninterest income | ​ | $ | 5,483 | ​ | $ | 14,909 | ​ | $ | 5,192 | ​ | $ | 25,584
Three Months Ended September 30, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Noninterest income: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Deposit service charges | ​ | $ | 1,532 | ​ | $ | 5,666 | ​ | $ | — | ​ | $ | 7,198
Other service charges and fees | ​ | ​ | 325 | ​ | ​ | 1,209 | ​ | ​ | — | ​ | ​ | 1,534
Fiduciary and asset management fees | ​ | ​ | — | ​ | ​ | 7,029 | ​ | ​ | — | ​ | ​ | 7,029
Mortgage banking income | ​ | ​ | — | ​ | ​ | 4,818 | ​ | ​ | — | ​ | ​ | 4,818
Other income | ​ | ​ | 1,349 | ​ | ​ | 2,732 | ​ | ​ | 5,278 | ​ | ​ | 9,359
Total noninterest income | ​ | $ | 3,206 | ​ | $ | 21,454 | ​ | $ | 5,278 | ​ | $ | 29,938
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale Banking | ​ | Consumer Banking | ​ | Corporate Other(1)(2) | ​ | Total
Nine Months Ended September 30, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Noninterest income: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Deposit service charges | ​ | $ | 4,966 | ​ | $ | 17,455 | ​ | $ | — | ​ | $ | 22,421
Other service charges and fees | ​ | ​ | 1,338 | ​ | ​ | 3,796 | ​ | ​ | — | ​ | ​ | 5,134
Fiduciary and asset management fees | ​ | ​ | — | ​ | ​ | 18,329 | ​ | ​ | — | ​ | ​ | 18,329
Mortgage banking income | ​ | ​ | — | ​ | ​ | 6,707 | ​ | ​ | — | ​ | ​ | 6,707
Other income | ​ | ​ | 10,134 | ​ | ​ | 8,377 | ​ | ​ | 22,921 | ​ | ​ | 41,432
Total noninterest income | ​ | $ | 16,438 | ​ | $ | 54,664 | ​ | $ | 22,921 | ​ | $ | 94,023
Nine Months Ended September 30, 2021 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Noninterest income: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Deposit service charges | ​ | $ | 4,493 | ​ | $ | 14,821 | ​ | $ | — | ​ | $ | 19,314
Other service charges and fees | ​ | ​ | 1,252 | ​ | ​ | 3,718 | ​ | ​ | — | ​ | ​ | 4,970
Fiduciary and asset management fees | ​ | ​ | — | ​ | ​ | 20,323 | ​ | ​ | — | ​ | ​ | 20,323
Mortgage banking income | ​ | ​ | — | ​ | ​ | 17,692 | ​ | ​ | — | ​ | ​ | 17,692
Other income | ​ | ​ | 4,587 | ​ | ​ | 7,787 | ​ | ​ | 14,715 | ​ | ​ | 27,089
Total noninterest income | ​ | $ | 10,332 | ​ | $ | 64,341 | ​ | $ | 14,715 | ​ | $ | 89,388
​ (1) Other income primarily consists of income from BOLI and equity investment income. (2) Other income includes a $9.1 million gain related to the sale of DHFB for the nine months ended September 30, 2022.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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