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Segment Information
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Information

(11)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 five principal business units are metropolitan banks, community banks, Pegasus Bank, other financial services and executive, operations and support. Metropolitan banks, community banks and Pegasus Bank 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. Pegasus Bank consists of banking locations in the Dallas metropolitan area. 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

 

 

Pegasus      Bank

 

 

Other

Financial

Services

 

 

Executive,

Operations

& Support

 

 

Eliminations

 

 

Consolidated

 

 

 

(Dollars in thousands)

 

Three Months Ended June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

22,310

 

 

$

43,917

 

 

$

4,976

 

 

$

5,905

 

 

$

100

 

 

$

—

 

 

$

77,208

 

Noninterest income

 

 

4,571

 

 

 

13,841

 

 

 

121

 

 

 

9,328

 

 

 

25,774

 

 

 

(21,553

)

 

 

32,082

 

Income before taxes

 

 

3,613

 

 

 

15,532

 

 

 

1,345

 

 

 

7,786

 

 

 

18,232

 

 

 

(21,202

)

 

 

25,306

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

21,438

 

 

$

44,775

 

 

$

—

 

 

$

1,411

 

 

$

1,168

 

 

$

—

 

 

$

68,792

 

Noninterest income

 

 

4,635

 

 

 

16,243

 

 

 

—

 

 

 

10,105

 

 

 

37,917

 

 

 

(34,823

)

 

 

34,077

 

Income before taxes

 

 

14,866

 

 

 

30,041

 

 

 

—

 

 

 

5,572

 

 

 

27,590

 

 

 

(34,241

)

 

 

43,828

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

44,494

 

 

$

88,415

 

 

$

10,584

 

 

$

7,488

 

 

$

300

 

 

$

—

 

 

$

151,281

 

Noninterest income

 

 

9,271

 

 

 

29,694

 

 

 

252

 

 

 

20,218

 

 

 

53,257

 

 

 

(45,465

)

 

 

67,227

 

Income before taxes

 

 

14,026

 

 

 

39,968

 

 

 

2,943

 

 

 

13,545

 

 

 

27,635

 

 

 

(44,561

)

 

 

53,556

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

42,791

 

 

$

88,182

 

 

$

—

 

 

$

2,582

 

 

$

2,140

 

 

$

—

 

 

$

135,695

 

Noninterest income

 

 

8,844

 

 

 

31,128

 

 

 

—

 

 

 

19,978

 

 

 

73,438

 

 

 

(67,310

)

 

 

66,078

 

Income before taxes

 

 

30,235

 

 

 

58,086

 

 

 

—

 

 

 

10,071

 

 

 

52,613

 

 

 

(66,163

)

 

 

84,842

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2020

 

$

3,035,989

 

 

$

5,703,770

 

 

$

774,939

 

 

$

938,034

 

 

$

248,390

 

 

$

(1,088,669

)

 

$

9,612,453

 

December 31, 2019

 

 

2,806,021

 

 

 

4,998,247

 

 

 

738,351

 

 

 

102,442

 

 

 

950,920

 

 

 

(1,030,223

)

 

 

8,565,758

 

 

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.