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Operating Segments and Related Information (Tables)

12 Months Ended

Dec. 31, 2020

Operating Segments and Related Information

Summary of information relating to operating segments

Following is a summary of selected financial information for the Company’s operating segments (dollars in thousands):

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​

Goodwill

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Total Assets

​

​

As of December 31,

​

As of December 31,

​

2020

2019

2020

2019

Banking

​

$

288,436

​

$

288,436

​

$

10,462,673

​

$

9,632,368

Remittance Processing

​

8,992

​

8,992

​

46,553

​

44,209

Wealth Management

​

14,108

​

14,108

​

46,504

​

32,760

Other

​

—

​

—

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(11,683)

​

(13,608)

Totals

​

$

311,536

​

$

311,536

​

$

10,544,047

​

$

9,695,729

​

​	​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2020			2019			2018
Net interest income:	​	​	​	​	​	​	​	​	​
Banking	​	$	294,728	​	$	296,754	​	$	248,291
Remittance Processing	​	​	79	​	​	76	​	​	67
Wealth Management	​		—	​		—	​		327
Other	​		(11,872)	​		(9,607)	​		(7,279)
Total net interest income	​	$	282,935	​	$	287,223	​	$	241,406
​	​	​	​	​	​	​	​	​	​
Non-interest income:	​	​	​	​	​	​	​	​	​
Banking	​	$	61,043	​	$	63,613	​	$	43,197
Remittance Processing	​		16,548	​		16,450	​		15,876
Wealth Management	​		43,429	​		39,075	​		31,621
Other	​		(2,755)	​		(2,723)	​		(701)
Total non-interest income	​	$	118,265	​	$	116,415	​	$	89,993
​	​	​	​	​	​	​	​	​	​
Non-interest expense:	​	​	​	​	​	​	​	​	​
Banking	​	$	185,445	​	$	211,559	​	$	154,455
Remittance Processing	​	​	13,279	​	​	10,990	​	​	10,749
Wealth Management	​	​	26,086	​	​	24,534	​	​	19,283
Other	​	​	9,387	​	​	11,711	​	​	8,556
Total non-interest expense	​	$	234,197	​	$	258,794	​	$	193,043
​	​	​	​	​	​	​	​	​	​
Income before income taxes:	​	​	​	​	​	​	​	​	​
Banking	​	$	131,529	​	$	138,401	​	$	132,604
Remittance Processing	​	​	3,348	​	​	5,536	​	​	5,194
Wealth Management	​	​	17,343	​	​	14,541	​	​	12,665
Other	​	​	(24,014)	​	​	(24,040)	​	​	(16,536)
Total income before income taxes	​	$	128,206	​	$	134,438	​	$	133,927
​	​	​	​	​	​	​	​	​	​
Net income:	​	​	​	​	​	​	​	​	​
Banking	​	$	101,226	​	$	106,409	​	$	97,369
Remittance Processing	​		2,372	​		4,060	​		3,710
Wealth Management	​		13,181	​		11,135	​		9,372
Other	​		(16,435)	​		(18,651)	​		(11,523)
Total net income	​	$	100,344	​	$	102,953	​	$	98,928

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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