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Business Segments (Tables)
3 Months Ended
Mar. 31, 2021
Business Segments [Abstract]  
Schedule of Segment Reporting Information

 

Quarter Ended March 31, 2021

 

 

 

 

Wealth

 

 

 

 

Total Major

 

 

 

 

Consolidated

 

Banking

 

Management

 

Treasury

 

Segments

 

Eliminations

 

Total

 

(In thousands)

Interest income

$

108,236

 

$

12

 

$

2,734

 

$

110,982

 

$

-

 

$

110,982

Interest expense

 

(12,136)

 

 

-

 

 

(642)

 

 

(12,778)

 

 

-

 

 

(12,778)

Net interest income

 

96,100

 

 

12

 

 

2,092

 

 

98,204

 

 

-

 

 

98,204

Provision for loan and lease losses, net

 

(6,588)

 

 

-

 

 

264

 

 

(6,324)

 

 

-

 

 

(6,324)

Non-interest income

 

22,867

 

 

7,531

 

 

9

 

 

30,407

 

 

-

 

 

30,407

Non-interest expenses

 

(73,874)

 

 

(2,829)

 

 

(963)

 

 

(77,666)

 

 

-

 

 

(77,666)

Intersegment revenue

 

553

 

 

-

 

 

-

 

 

553

 

 

(553)

 

 

-

Intersegment expenses

 

-

 

 

(291)

 

 

(262)

 

 

(553)

 

 

553

 

 

-

Income before income taxes

$

39,058

 

$

4,423

 

$

1,140

 

$

44,621

 

$

-

 

$

44,621

Income tax expense

 

14,236

 

 

-

 

 

12

 

 

14,248

 

 

-

 

 

14,248

Net income

$

24,822

 

$

4,423

 

$

1,128

 

$

30,373

 

$

-

 

$

30,373

Total assets

$

8,312,367

 

$

28,505

 

$

2,849,709

 

$

11,190,581

 

$

(1,037,239)

 

$

10,153,342

 

Quarter Ended March 31, 2020

 

 

 

 

Wealth

 

 

 

 

Total Major

 

 

 

 

Consolidated

 

Banking

 

Management

 

Treasury

 

Segments

 

Eliminations

 

Total

 

(In thousands)

Interest income

$

119,379

 

$

18

 

$

4,300

 

$

123,697

 

$

-

 

$

123,697

Interest expense

 

(15,889)

 

 

-

 

 

(2,707)

 

 

(18,596)

 

 

-

 

 

(18,596)

Net interest income

 

103,490

 

 

18

 

 

1,593

 

 

105,101

 

 

-

 

 

105,101

Provision for loan and lease losses, net

 

(47,131)

 

 

-

 

 

-

 

 

(47,131)

 

 

-

 

 

(47,131)

Non-interest income

 

19,544

 

 

7,375

 

 

4,531

 

 

31,450

 

 

-

 

 

31,450

Non-interest expenses

 

(82,545)

 

 

(3,724)

 

 

(1,053)

 

 

(87,322)

 

 

-

 

 

(87,322)

Intersegment revenue

 

457

 

 

-

 

 

-

 

 

457

 

 

(457)

 

 

-

Intersegment expenses

 

-

 

 

(154)

 

 

(303)

 

 

(457)

 

 

457

 

 

-

Income before income taxes

$

(6,185)

 

$

3,515

 

$

4,768

 

$

2,098

 

$

-

 

$

2,098

Income tax expense

 

(2,319)

 

 

1,318

 

 

1,298

 

 

297

 

 

-

 

 

297

Net income

$

(3,866)

 

$

2,197

 

$

3,470

 

$

1,801

 

$

-

 

$

1,801

Total assets

$

9,207,848

 

$

34,014

 

$

1,069,334

 

$

10,311,196

 

$

(1,072,625)

 

$

9,238,571