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Segment Information (Tables)
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Results of Operations and Selected Financial Information

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