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Segment Information
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Segment Information

(10)SEGMENT INFORMATION

The Company evaluates its performance with an internal profitability measurement system that measures the profitability of its business units on a pre-tax basis. The four principal business units are metropolitan banks, community banks, other financial services and executive, operations and support. Metropolitan and community banks offer traditional banking products such as commercial and retail lending and a full line of deposit accounts. Metropolitan banks consist of banking locations in the metropolitan Oklahoma City and Tulsa areas.  Community banks consist of banking locations in communities throughout Oklahoma. Other financial services are specialty product business units including guaranteed small business lending, residential mortgage lending, trust services, securities brokerage, electronic banking and insurance. The executive, operations and support groups represent executive management, operational support and corporate functions that are not allocated to the other business units.

The results of operations and selected financial information for the four business units are as follows:

 

 

 

Metropolitan

Banks

 

 

Community

Banks

 

 

Other

Financial

Services

 

 

Executive,

Operations

& Support

 

 

Eliminations

 

 

Consolidated

 

 

 

(Dollars in thousands)

 

Three Months Ended September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

21,313

 

 

$

42,773

 

 

$

1,241

 

 

$

346

 

 

$

 

 

$

65,673

 

Noninterest income

 

 

4,266

 

 

 

15,404

 

 

 

10,264

 

 

 

36,503

 

 

 

(33,636

)

 

 

32,801

 

Income before taxes

 

 

16,538

 

 

 

27,515

 

 

 

4,440

 

 

 

26,344

 

 

 

(32,919

)

 

 

41,918

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

18,617

 

 

$

37,310

 

 

$

1,332

 

 

$

(26

)

 

$

 

 

$

57,233

 

Noninterest income

 

 

3,981

 

 

 

13,884

 

 

 

9,217

 

 

 

24,470

 

 

 

(22,383

)

 

 

29,169

 

Income before taxes

 

 

11,499

 

 

 

23,810

 

 

 

3,762

 

 

 

15,137

 

 

 

(21,682

)

 

 

32,526

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

62,701

 

 

$

126,223

 

 

$

4,074

 

 

$

590

 

 

$

 

 

$

193,588

 

Noninterest income

 

 

12,391

 

 

 

44,189

 

 

 

28,784

 

 

 

102,306

 

 

 

(94,322

)

 

 

93,348

 

Income before taxes

 

 

46,157

 

 

 

81,805

 

 

 

13,511

 

 

 

69,881

 

 

 

(92,659

)

 

 

118,695

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

54,969

 

 

$

109,480

 

 

$

4,525

 

 

$

(534

)

 

$

 

 

$

168,440

 

Noninterest income

 

 

11,748

 

 

 

40,821

 

 

 

24,983

 

 

 

74,586

 

 

 

(66,901

)

 

 

85,237

 

Income before taxes

 

 

36,357

 

 

 

71,038

 

 

 

10,526

 

 

 

47,368

 

 

 

(65,942

)

 

 

99,347

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2018

 

$

2,724,502

 

 

$

4,841,853

 

 

$

80,411

 

 

$

945,221

 

 

$

(989,549

)

 

$

7,602,438

 

December 31, 2017

 

 

2,552,024

 

 

 

4,544,196

 

 

 

117,332

 

 

 

885,590

 

 

 

(845,986

)

 

 

7,253,156

 

The financial information for each business unit is presented on the basis used internally by management to evaluate performance and allocate resources.  The Company utilizes a transfer pricing system to allocate the benefit or cost of funds provided or used by the various business units.  Certain services provided by the support group to other business units, such as item processing, are allocated at rates approximating the cost of providing the services.  Eliminations are adjustments to consolidate the business units and companies. Capital expenditures are generally charged to the business unit using the asset.