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Segment Information
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Information

(13) 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 six principal business units are metropolitan banks, community banks, Pegasus, Worthington, other financial services and executive, operations and support. Metropolitan banks, community banks, Pegasus and Worthington 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 consists of banking locations in the Dallas metropolitan area. Worthington consists of banking locations in the Fort Worth 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 six business units are as follows:

 

 

Metropolitan
Banks

 

 

Community
Banks

 

 

Pegasus

 

 

Worthington

 

 

Other
Financial
Services

 

 

Executive,
Operations
& Support

 

 

Eliminations

 

 

Consolidated

 

 

 

(Dollars in thousands)

 

Three Months Ended September 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

26,022

 

 

$

55,782

 

 

$

13,815

 

 

$

4,723

 

 

$

1,604

 

 

$

(999

)

 

$

—

 

 

$

100,947

 

Noninterest income

 

 

8,722

 

 

 

18,764

 

 

 

246

 

 

 

305

 

 

 

14,106

 

 

 

62,969

 

 

 

(55,781

)

 

 

49,331

 

Income before taxes

 

 

22,827

 

 

 

41,179

 

 

 

8,178

 

 

 

2,109

 

 

 

6,222

 

 

 

43,180

 

 

 

(55,358

)

 

 

68,337

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

18,728

 

 

$

47,817

 

 

$

6,141

 

 

$

—

 

 

$

8,718

 

 

$

(1,386

)

 

$

172

 

 

$

80,190

 

Noninterest income

 

 

5,681

 

 

 

16,978

 

 

 

359

 

 

 

—

 

 

 

12,198

 

 

 

45,214

 

 

 

(40,644

)

 

 

39,786

 

Income before taxes

 

 

15,072

 

 

 

31,722

 

 

 

2,158

 

 

 

—

 

 

 

5,069

 

 

 

34,298

 

 

 

(40,040

)

 

 

48,279

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

67,592

 

 

$

149,965

 

 

$

31,399

 

 

$

10,160

 

 

$

6,596

 

 

$

(2,411

)

 

$

20

 

 

$

263,321

 

Noninterest income

 

 

23,999

 

 

 

53,761

 

 

 

730

 

 

 

724

 

 

 

37,842

 

 

 

158,299

 

 

 

(139,776

)

 

$

135,579

 

Income before taxes

 

 

56,140

 

 

 

108,980

 

 

 

15,677

 

 

 

3,930

 

 

 

16,910

 

 

 

104,729

 

 

 

(139,073

)

 

$

167,293

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

57,909

 

 

$

135,611

 

 

$

17,308

 

 

$

—

 

 

$

30,057

 

 

$

(1,784

)

 

$

658

 

 

$

239,759

 

Noninterest income

 

 

14,494

 

 

 

48,151

 

 

 

1,098

 

 

 

—

 

 

 

34,686

 

 

 

156,970

 

 

 

(131,060

)

 

$

124,339

 

Income before taxes

 

 

46,598

 

 

 

98,005

 

 

 

5,750

 

 

 

—

 

 

 

16,240

 

 

 

126,428

 

 

 

(129,657

)

 

$

163,364

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2022

 

$

3,461,263

 

 

$

6,928,972

 

 

$

1,404,425

 

 

$

569,554

 

 

$

101,300

 

 

$

1,446,447

 

 

$

(1,459,583

)

 

$

12,452,378

 

December 31, 2021

 

 

2,627,874

 

 

 

5,821,220

 

 

 

1,045,699

 

 

 

—

 

 

 

71,694

 

 

 

1,201,974

 

 

 

(1,362,849

)

 

 

9,405,612

 

 

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.