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Business Segments (Tables)
6 Months Ended
Jun. 30, 2021
Business Segments [Abstract]  
Schedule of Segment Reporting Information

 

Quarter Ended June 30, 2021

 

 

 

 

Wealth

 

 

 

 

Total Major

 

 

 

 

Consolidated

 

Banking

 

Management

 

Treasury

 

Segments

 

Eliminations

 

Total

 

(In thousands)

Interest income

$

110,452

 

$

6

 

$

3,005

 

$

113,463

 

$

-

 

$

113,463

Interest expense

 

(10,712)

 

 

-

 

 

(494)

 

 

(11,206)

 

 

-

 

 

(11,206)

Net interest income

 

99,740

 

 

6

 

 

2,511

 

 

102,257

 

 

-

 

 

102,257

Recapture of credit losses, net

 

7,737

 

 

-

 

 

568

 

 

8,305

 

 

-

 

 

8,305

Non-interest income

 

24,209

 

 

7,974

 

 

8

 

 

32,191

 

 

-

 

 

32,191

Non-interest expenses

 

(76,623)

 

 

(5,015)

 

 

(1,038)

 

 

(82,676)

 

 

-

 

 

(82,676)

Intersegment revenue

 

545

 

 

-

 

 

-

 

 

545

 

 

(545)

 

 

-

Intersegment expenses

 

-

 

 

(302)

 

 

(243)

 

 

(545)

 

 

545

 

 

-

Income before income taxes

$

55,608

 

$

2,663

 

$

1,806

 

$

60,077

 

$

-

 

$

60,077

Income tax expense

 

19,239

 

 

-

 

 

11

 

 

19,250

 

 

-

 

 

19,250

Net income

$

36,369

 

$

2,663

 

$

1,795

 

$

40,827

 

$

-

 

$

40,827

Total assets

$

8,271,348

 

$

31,165

 

$

3,232,968

 

$

11,535,481

 

$

(1,073,668)

 

$

10,461,813

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six-Month Period Ended June 30, 2021

 

 

 

 

Wealth

 

 

 

 

Total Major

 

 

 

 

Consolidated

 

Banking

 

Management

 

Treasury

 

Segments

 

Eliminations

 

Total

 

(In thousands)

Interest income

$

218,688

 

$

18

 

$

5,739

 

$

224,445

 

$

-

 

$

224,445

Interest expense

 

(22,848)

 

 

-

 

 

(1,136)

 

 

(23,984)

 

 

-

 

 

(23,984)

Net interest income

 

195,840

 

 

18

 

 

4,603

 

 

200,461

 

 

-

 

 

200,461

Recapture of credit losses, net

 

1,149

 

 

-

 

 

832

 

 

1,981

 

 

-

 

 

1,981

Non-interest income

 

47,076

 

 

15,505

 

 

17

 

 

62,598

 

 

-

 

 

62,598

Non-interest expenses

 

(150,497)

 

 

(7,844)

 

 

(2,001)

 

 

(160,342)

 

 

-

 

 

(160,342)

Intersegment revenue

 

1,098

 

 

-

 

 

-

 

 

1,098

 

 

(1,098)

 

 

-

Intersegment expenses

 

-

 

 

(593)

 

 

(505)

 

 

(1,098)

 

 

1,098

 

 

-

Income before income taxes

$

94,666

 

$

7,086

 

$

2,946

 

$

104,698

 

$

-

 

$

104,698

Income tax expense

 

33,475

 

 

-

 

 

23

 

 

33,498

 

 

-

 

 

33,498

Net income

$

61,191

 

$

7,086

 

$

2,923

 

$

71,200

 

$

-

 

$

71,200

Total assets

$

8,271,348

 

$

31,165

 

$

3,232,968

 

$

11,535,481

 

$

(1,073,668)

 

$

10,461,813

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended June 30, 2020

 

 

 

 

Wealth

 

 

 

 

Total Major

 

 

 

 

Consolidated

 

Banking

 

Management

 

Treasury

 

Segments

 

Eliminations

 

Total

 

(In thousands)

Interest income

$

119,722

 

$

14

 

$

1,956

 

$

121,692

 

$

-

 

$

121,692

Interest expense

 

(14,326)

 

 

-

 

 

(2,306)

 

 

(16,632)

 

 

-

 

 

(16,632)

Net interest income

 

105,396

 

 

14

 

 

(350)

 

 

105,060

 

 

-

 

 

105,060

Provision for credit losses, net

 

(16,211)

 

 

-

 

 

(1,485)

 

 

(17,696)

 

 

-

 

 

(17,696)

Non-interest income

 

20,811

 

 

6,391

 

 

(50)

 

 

27,152

 

 

-

 

 

27,152

Non-interest expenses

 

(78,402)

 

 

(5,957)

 

 

(1,122)

 

 

(85,481)

 

 

-

 

 

(85,481)

Intersegment revenue

 

694

 

 

-

 

 

-

 

 

694

 

 

(694)

 

 

-

Intersegment expenses

 

-

 

 

(201)

 

 

(493)

 

 

(694)

 

 

694

 

 

-

Income before income taxes

$

32,288

 

$

247

 

$

(3,500)

 

$

29,035

 

$

-

 

$

29,035

Income tax expense

 

5,316

 

 

3,201

 

 

(1,269)

 

 

7,248

 

 

-

 

 

7,248

Net income

$

26,972

 

$

(2,954)

 

$

(2,231)

 

$

21,787

 

$

-

 

$

21,787

Total assets

$

9,462,407

 

$

30,214

 

$

1,524,913

 

$

11,017,534

 

$

(1,084,815)

 

$

9,932,719

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six-Month Period Ended June 30, 2020

 

 

 

 

Wealth

 

 

 

 

Total Major

 

 

 

 

Consolidated

 

Banking

 

Management

 

Treasury

 

Segments

 

Eliminations

 

Total

 

(In thousands)

Interest income

$

239,101

 

$

32

 

$

6,256

 

$

245,389

 

$

-

 

$

245,389

Interest expense

 

(30,215)

 

 

-

 

 

(5,013)

 

 

(35,228)

 

 

-

 

 

(35,228)

Net interest income

 

208,886

 

 

32

 

 

1,243

 

 

210,161

 

 

-

 

 

210,161

Provision for credit losses, net

 

(63,334)

 

 

-

 

 

(1,493)

 

 

(64,827)

 

 

-

 

 

(64,827)

Non-interest income

 

40,355

 

 

13,766

 

 

4,481

 

 

58,602

 

 

-

 

 

58,602

Non-interest expenses

 

(160,955)

 

 

(9,681)

 

 

(2,167)

 

 

(172,803)

 

 

-

 

 

(172,803)

Intersegment revenue

 

1,151

 

 

-

 

 

-

 

 

1,151

 

 

(1,151)

 

 

-

Intersegment expenses

 

-

 

 

(355)

 

 

(796)

 

 

(1,151)

 

 

1,151

 

 

-

Income before income taxes

$

26,103

 

$

3,762

 

$

1,268

 

$

31,133

 

$

-

 

$

31,133

Income tax expense

 

2,997

 

 

4,519

 

 

29

 

 

7,545

 

 

-

 

 

7,545

Net income

$

23,106

 

$

(757)

 

$

1,239

 

$

23,588

 

$

-

 

$

23,588

Total assets

$

9,462,407

 

$

30,214

 

$

1,524,913

 

$

11,017,534

 

$

(1,084,815)

 

$

9,932,719