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Segment Information (Tables)
6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Results of Operations and Selected Financial Information

The results of operations and selected financial information for the five 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, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

19,848

 

 

$

45,024

 

 

$

5,808

 

 

$

11,457

 

 

$

9

 

 

$

217

 

 

$

82,363

 

Noninterest income

 

 

3,669

 

 

 

16,197

 

 

 

355

 

 

 

10,913

 

 

 

62,025

 

 

 

(48,541

)

 

 

44,618

 

Income before taxes

 

 

17,602

 

 

 

36,514

 

 

 

1,947

 

 

 

5,220

 

 

 

49,790

 

 

 

(48,166

)

 

 

62,907

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

39,181

 

 

$

87,794

 

 

$

11,167

 

 

$

21,339

 

 

$

(398

)

 

$

486

 

 

$

159,569

 

Noninterest income

 

 

8,813

 

 

 

31,173

 

 

 

739

 

 

 

22,488

 

 

 

111,756

 

 

 

(90,416

)

 

 

84,553

 

Income before taxes

 

 

31,526

 

 

 

66,283

 

 

 

3,592

 

 

 

11,171

 

 

 

92,130

 

 

 

(89,617

)

 

 

115,085

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2021

 

$

3,247,686

 

 

$

6,572,642

 

 

$

966,809

 

 

$

113,126

 

 

$

1,437,732

 

 

$

(1,322,708

)

 

$

11,015,287

 

December 31, 2020

 

 

2,729,886

 

 

 

5,527,611

 

 

 

919,572

 

 

 

137,122

 

 

 

1,073,507

 

 

 

(1,175,341

)

 

 

9,212,357