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SEGMENT REPORTING AND REVENUE | 3 Months Ended
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Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
SEGMENT REPORTING AND REVENUE | 12. SEGMENT REPORTING AND REVENUE Operating Segments ​ The Company has two reportable operating segments, Wholesale Banking and Consumer Banking, with corporate support functions and intercompany eliminations being presented within Corporate Other. ​ Segment Results ​ The following tables present the Company’s operating segment results for the three months ended March 31, (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale Banking | ​ | Consumer Banking | ​ | Corporate Other | ​ | Total
2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net interest income | ​ | $ | 80,874 | ​ | $ | 69,237 | ​ | $ | (2,286) | ​ | $ | 147,825
Provision for credit losses | ​ |  | 5,366 | ​ | ​ | 2,873 | ​ | ​ | — | ​ | ​ | 8,239
Net interest income after provision for credit losses | ​ |  | 75,508 | ​ | ​ | 66,364 | ​ | ​ | (2,286) | ​ | ​ | 139,586
Noninterest income | ​ |  | 8,363 | ​ | ​ | 12,615 | ​ | ​ | 4,574 | ​ | ​ | 25,552
Noninterest expenses | ​ |  | 44,299 | ​ | ​ | 55,536 | ​ | ​ | 5,438 | ​ | ​ | 105,273
Income before income taxes | ​ | $ | 39,572 | ​ | $ | 23,443 | ​ | $ | (3,150) | ​ | $ | 59,865
2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net interest income | ​ | $ | 67,540 | ​ | $ | 63,145 | ​ | $ | 22,758 | ​ | $ | 153,443
Provision for credit losses | ​ |  | 10,487 | ​ | ​ | 1,340 | ​ | ​ | 23 | ​ | ​ | 11,850
Net interest income after provision for credit losses | ​ |  | 57,053 | ​ | ​ | 61,805 | ​ | ​ | 22,735 | ​ | ​ | 141,593
Noninterest income | ​ |  | 7,414 | ​ | ​ | 12,178 | ​ | ​ | (9,964) | ​ | ​ | 9,628
Noninterest expenses | ​ |  | 42,123 | ​ | ​ | 57,246 | ​ | ​ | 8,905 | ​ | ​ | 108,274
Income before income taxes | ​ | $ | 22,344 | ​ | $ | 16,737 | ​ | $ | 3,866 | ​ | $ | 42,947
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​ The following table presents the Company’s operating segment results for key balance sheet metrics as of the periods ended (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Wholesale Banking | ​ | Consumer Banking | ​ | Corporate Other | ​ | Total
March 31, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
LHFI, net of deferred fees and costs (1) | ​ | $ | 12,941,541 | ​ | $ | 2,921,874 | ​ | $ | (11,787) | ​ | $ | 15,851,628
Goodwill | ​ | ​ | 639,180 | ​ | ​ | 286,031 | ​ | ​ | — | ​ | ​ | 925,211
Deposits | ​ | ​ | 6,403,103 | ​ | ​ | 10,101,594 | ​ | ​ | 773,738 | ​ | ​ | 17,278,435
December 31, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
LHFI, net of deferred fees and costs (1) | ​ | $ | 12,688,833 | ​ | $ | 2,958,811 | ​ | $ | (12,601) | ​ | $ | 15,635,043
Goodwill | ​ | ​ | 639,180 | ​ | ​ | 286,031 | ​ | ​ | — | ​ | ​ | 925,211
Deposits | ​ | ​ | 6,403,432 | ​ | ​ | 9,816,562 | ​ | ​ | 598,135 | ​ | ​ | 16,818,129
(1) Corporate Other includes acquisition accounting fair value adjustments. ​ ​ Revenue ​ Noninterest income disaggregated by major source for the three months ended March 31, consisted of the following (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2024 | ​ | 2023
Noninterest income: |  | ​ |  |  | ​ |
Service charges on deposit accounts (1): |  | ​ |  |  | ​ |
Overdraft fees | ​ | $ | 4,748 | ​ | $ | 4,823
Maintenance fees & other | ​ |  | 3,821 | ​ |  | 3,079
Other service charges, commissions, and fees (1) | ​ |  | 1,731 | ​ |  | 1,746
Interchange fees(1) | ​ |  | 2,294 | ​ |  | 2,325
Fiduciary and asset management fees (1): | ​ |  | ​ | ​ |  | ​
Trust asset management fees | ​ |  | 3,356 | ​ |  | 3,107
Brokerage management fees | ​ |  | 1,482 | ​ |  | 1,155
Mortgage banking income | ​ |  | 867 | ​ |  | 854
Gain (loss) on sale of securities | ​ | ​ | 3 | ​ | ​ | (13,400)
Bank owned life insurance income | ​ |  | 3,245 | ​ |  | 2,828
Loan-related interest rate swap fees | ​ |  | 1,216 | ​ |  | 1,439
Other operating income | ​ |  | 2,789 | ​ |  | 1,672
Total noninterest income | ​ | $ | 25,552 | ​ | $ | 9,628
(1) Income within scope of ASC 606, Revenue from Contracts with Customers. ​ The following tables present noninterest income disaggregated by reportable operating segment for the three months ended March 31, (dollars in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Wholesale Banking | ​ | Consumer Banking | ​ | Corporate Other (1)(2) | ​ | Total
2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Noninterest income: | ​ |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Service charges on deposit accounts | ​ | ​ | $ | 2,611 | ​ | $ | 5,958 | ​ | $ | — | ​ | $ | 8,569
Other service charges, commissions and fees | ​ | ​ | ​ | 396 | ​ | ​ | 1,335 | ​ | ​ | — | ​ | ​ | 1,731
Fiduciary and asset management fees | ​ | ​ | ​ | 3,286 | ​ | ​ | 1,552 | ​ | ​ | — | ​ | ​ | 4,838
Mortgage banking income | ​ | ​ | ​ | — | ​ | ​ | 867 | ​ | ​ | — | ​ | ​ | 867
Other income | ​ | ​ | ​ | 2,070 | ​ | ​ | 2,903 | ​ | ​ | 4,574 | ​ | ​ | 9,547
Total noninterest income | ​ | ​ | $ | 8,363 | ​ | $ | 12,615 | ​ | $ | 4,574 | ​ | $ | 25,552
2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Noninterest income: | ​ |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Service charges on deposit accounts | ​ | ​ | $ | 1,975 | ​ | $ | 5,927 | ​ | $ | — | ​ | $ | 7,902
Other service charges, commissions and fees | ​ | ​ | ​ | 445 | ​ | ​ | 1,301 | ​ | ​ | — | ​ | ​ | 1,746
Fiduciary and asset management fees | ​ | ​ | ​ | 3,035 | ​ | ​ | 1,227 | ​ | ​ | — | ​ | ​ | 4,262
Mortgage banking income | ​ | ​ | ​ | — | ​ | ​ | 854 | ​ | ​ | — | ​ | ​ | 854
Other income | ​ | ​ | ​ | 1,959 | ​ | ​ | 2,869 | ​ | ​ | (9,964) | ​ | ​ | (5,136)
Total noninterest income | ​ | ​ | $ | 7,414 | ​ | $ | 12,178 | ​ | $ | (9,964) | ​ | $ | 9,628
(1) For the three months ended March 31, 2023, other income primarily includes $13.4 million of losses incurred on the sale of AFS securities, income from BOLI and equity method investment income. (2) For the three months ended March 31, 2024, other income primarily includes income from BOLI and equity method investment income. ​ ​

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