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v3.22.1

BUSINESS SEGMENTS (Tables) | 3 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | Following are the results of operations and the selected financial information by operating segment for the quarters ended March 31, 2022 and 2021:
| Quarter Ended March 31, 2022
| Banking |  | Wealth Management |  | Treasury |  | Total Major Segments |  | Eliminations |  | Consolidated Total
| (In thousands)
Interest income | $ | 108,483 |  |  | $ | 5 |  |  | $ | 4,461 |  |  | $ | 112,949 |  |  | $ | — |  |  | $ | 112,949 |
Interest expense | (7,532) |  |  | — |  |  | (223) |  |  | (7,755) |  |  | — |  |  | (7,755) |
Net interest income | 100,951 |  |  | 5 |  |  | 4,238 |  |  | 105,194 |  |  | — |  |  | 105,194 |
Provision (recapture of) for credit losses | 1,710 |  |  | — |  |  | (159) |  |  | 1,551 |  |  | — |  |  | 1,551 |
Non-interest income | 23,550 |  |  | 8,006 |  |  | 50 |  |  | 31,606 |  |  | — |  |  | 31,606 |
Non-interest expenses | (75,916) |  |  | (4,585) |  |  | (654) |  |  | (81,155) |  |  | — |  |  | (81,155) |
Intersegment revenue | 489 |  |  | — |  |  | — |  |  | 489 |  |  | (489) |  |  | — |
Intersegment expenses | — |  |  | (343) |  |  | (146) |  |  | (489) |  |  | 489 |  |  | — |
Income before income taxes | 47,364 |  |  | 3,083 |  |  | 3,647 |  |  | 54,094 |  |  | — |  |  | 54,094 |
Income tax expense | 16,564 |  |  | — |  |  | 9 |  |  | 16,573 |  |  | — |  |  | 16,573 |
Net income | $ | 30,800 |  |  | $ | 3,083 |  |  | $ | 3,638 |  |  | $ | 37,521 |  |  | $ | — |  |  | $ | 37,521 |
Total assets | $ | 8,176,217 |  |  | $ | 24,695 |  |  | $ | 3,036,638 |  |  | $ | 11,237,550 |  |  | $ | (1,047,430) |  |  | $ | 10,190,120 |
| Quarter Ended March 31, 2021
| Banking |  | Wealth Management |  | Treasury |  | Total Major Segments |  | Eliminations |  | Consolidated Total
| (In thousands)
Interest income | $ | 108,230 |  |  | $ | 12 |  |  | $ | 2,734 |  |  | $ | 110,976 |  |  | $ | — |  |  | $ | 110,976 |
Interest expense | (12,136) |  |  | — |  |  | (642) |  |  | (12,778) |  |  | — |  |  | (12,778) |
Net interest income | 96,094 |  |  | 12 |  |  | 2,092 |  |  | 98,198 |  |  | — |  |  | 98,198 |
Provision (recapture of) for credit losses | 6,588 |  |  | — |  |  | (264) |  |  | 6,324 |  |  | — |  |  | 6,324 |
Non-interest income | 22,873 |  |  | 7,531 |  |  | 9 |  |  | 30,413 |  |  | — |  |  | 30,413 |
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 |

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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 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 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=123359005&loc=d3e8906-108599 + Details
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