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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Schedule of segment profits (losses) and assets |
| Banking Operations |  | Treasury |  | All Others |  | Total
| (Dollars in thousands)
Year ended December 31, 2017 |  |  |  |  |  |  |  |  |  |
Net interest income | $ | 140,077 |  |  | $ | 27,626 |  |  | $ | — |  |  | $ | 167,703 |
Intersegment net interest income (expense) | 32,977 |  |  | (25,000 | ) |  | (7,977 | ) |  | — |
Credit (provision) for loan and lease losses | 2,674 |  |  | — |  |  | — |  |  | 2,674 |
Total other operating income | 22,511 |  |  | 2,448 |  |  | 11,537 |  |  | 36,496 |
Total other operating expense | (60,939 | ) |  | (1,433 | ) |  | (68,701 | ) |  | (131,073 | )
Administrative and overhead expense allocation | (61,082 | ) |  | (972 | ) |  | 62,054 |  |  | — |
Income before taxes | 76,218 |  |  | 2,669 |  |  | (3,087 | ) |  | 75,800 |
Income taxes | (34,376 | ) |  | (1,204 | ) |  | 984 |  |  | (34,596 | )
Net income (loss) | $ | 41,842 |  |  | $ | 1,465 |  |  | $ | (2,103 | ) |  | $ | 41,204 |
| Banking Operations |  | Treasury |  | All Others |  | Total
| (Dollars in thousands)
Year ended December 31, 2018 |  |  |  |  |  |  |  |  |  |
Net interest income | $ | 153,314 |  |  | $ | 19,684 |  |  | $ | — |  |  | $ | 172,998 |
Intersegment net interest income (expense) | 28,691 |  |  | (18,284 | ) |  | (10,407 | ) |  | — |
Credit (provision) for loan and lease losses | 1,124 |  |  | — |  |  | — |  |  | 1,124 |
Other operating income: |  |  |  |  |  |  |
Mortgage banking income | 4,015 |  |  | — |  |  | 3,300 |  |  | 7,315 |
Service charges on deposit accounts | 8,406 |  |  | — |  |  | — |  |  | 8,406 |
Other service charges and fees | 5,154 |  |  | 23 |  |  | 7,946 |  |  | 13,123 |
Income from fiduciary activities | 4,245 |  |  | — |  |  | — |  |  | 4,245 |
Equity in earnings of unconsolidated subsidiaries | 233 |  |  | — |  |  | — |  |  | 233 |
Fees on foreign exchange | 98 |  |  | 807 |  |  | — |  |  | 905 |
Investments securities gains (losses) | — |  |  | (279 | ) |  | — |  |  | (279 | )
Income from bank-owned life insurance | — |  |  | 2,117 |  |  | — |  |  | 2,117 |
Loan placement fees | 747 |  |  | — |  |  | — |  |  | 747 |
Other | 981 |  |  | 65 |  |  | 946 |  |  | 1,992 |
Total other operating income | 23,879 |  |  | 2,733 |  |  | 12,192 |  |  | 38,804 |
Total other operating expense | (63,649 | ) |  | (1,472 | ) |  | (69,561 | ) |  | (134,682 | )
Administrative and overhead expense allocation | (60,636 | ) |  | (874 | ) |  | 61,510 |  |  | — |
Income before taxes | 82,723 |  |  | 1,787 |  |  | (6,266 | ) |  | 78,244 |
Income tax (expense) benefit | (19,832 | ) |  | (428 | ) |  | 1,502 |  |  | (18,758 | )
Net income (loss) | $ | 62,891 |  |  | $ | 1,359 |  |  | $ | (4,764 | ) |  | $ | 59,486 |
| Banking Operations |  | Treasury |  | All Others |  | Total
| (Dollars in thousands)
Balance as of December 31, 2018 |  |  |  |  |  |  |  |  |  |
Investment securities | $ | — |  |  | $ | 1,354,812 |  |  | $ | — |  |  | $ | 1,354,812 |
Loans and leases (including loans held for sale) | 4,085,013 |  |  | — |  |  | — |  |  | 4,085,013 |
Other | 36,905 |  |  | 256,652 |  |  | 73,644 |  |  | 367,201 |
Total assets | $ | 4,121,918 |  |  | $ | 1,611,464 |  |  | $ | 73,644 |  |  | $ | 5,807,026 |
Segment net income (loss) and total assets are provided in the following table for the periods indicated:
| Banking Operations |  | Treasury |  | All Others |  | Total
| (Dollars in thousands)
Year ended December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Net interest income | $ | 171,716 |  |  | $ | 12,358 |  |  | $ | — |  |  | $ | 184,074 |
Intersegment net interest income (expense) | 22,907 |  |  | (11,448 | ) |  | (11,459 | ) |  | — |
Credit (provision) for loan and lease losses | (6,317 | ) |  | — |  |  | — |  |  | (6,317 | )
Other Operating income: |  |  |  |  |  |  |
Mortgage banking income | 4,191 |  |  | — |  |  | 1,792 |  |  | 5,983 |
Service charges on deposit accounts | 8,406 |  |  | — |  |  | — |  |  | 8,406 |
Other service charges and fees | 5,685 |  |  | — |  |  | 8,673 |  |  | 14,358 |
Income from fiduciary activities | 4,395 |  |  | — |  |  | — |  |  | 4,395 |
Equity in earnings of unconsolidated subsidiaries | 257 |  |  | — |  |  | — |  |  | 257 |
Fees on foreign exchange | 91 |  |  | 664 |  |  | — |  |  | 755 |
Investments securities gains (losses) | — |  |  | 36 |  |  | — |  |  | 36 |
Income from bank-owned life insurance | — |  |  | 3,105 |  |  | — |  |  | 3,105 |
Loan placement fees | 702 |  |  | — |  |  | — |  |  | 702 |
Net gain (loss) sale of foreclosed assets | — |  |  | — |  |  | (145 | ) |  | (145 | )
Other | 632 |  |  | 2,585 |  |  | 732 |  |  | 3,949 |
Total other operating income | 24,359 |  |  | 6,390 |  |  | 11,052 |  |  | 41,801 |
Total other operating expense | (64,940 | ) |  | (1,487 | ) |  | (75,204 | ) |  | (141,631 | )
Administrative and overhead expense allocation | (69,039 | ) |  | (841 | ) |  | 69,880 |  |  | — |
Income before taxes | 78,686 |  |  | 4,972 |  |  | (5,731 | ) |  | 77,927 |
Income tax (expense) benefit | (19,796 | ) |  | (1,251 | ) |  | 1,442 |  |  | (19,605 | )
Net income (loss) | $ | 58,890 |  |  | $ | 3,721 |  |  | $ | (4,289 | ) |  | $ | 58,322 |
| Banking Operations |  | Treasury |  | All Others |  | Total
| (Dollars in thousands)
Balance as of December 31, 2019 |  |  |  |  |  |  |  |  |  |
Investment securities | $ | — |  |  | $ | 1,128,110 |  |  | $ | — |  |  | $ | 1,128,110 |
Loans and leases (including loans held for sale) | 4,458,623 |  |  | — |  |  | — |  |  | 4,458,623 |
Other | 24,813 |  |  | 251,151 |  |  | 149,975 |  |  | 425,939 |
Total assets | $ | 4,483,436 |  |  | $ | 1,379,261 |  |  | $ | 149,975 |  |  | $ | 6,012,672 |

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