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Segment Reporting | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Segment Reporting |
(1 5.) | SEGMENT REPORTING
The Company has two reportable segments: Banking and Non-Banking. These reportable segments have been identified and organized based on the nature of the underlying products and services applicable to each segment, the type of customers to whom those products and services are offered and the distribution channel through which those products and services are made available. The Banking segment includes all of the Company’s retail and commercial banking operations. The Non-Banking segment includes the activities of SDN, a full-service insurance agency that provides a broad range of insurance services to both personal and business clients, and Courier Capital and HNP Capital, our investment advisor and wealth management firms that provide customized investment management, investment consulting and retirement plan services to individuals, businesses, institutions, foundations and retirement plans. Holding company amounts are the primary differences between segment amounts and consolidated totals and are reflected in the Holding Company and Other column below, along with amounts to eliminate balances and transactions between segments. The following tables present information regarding our business segments as of and for the periods indicated (in thousands).
|  | Banking |  |  | Non- Banking |  |  | Holding Company and Other |  |  | Consolidated Totals |
September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 48,536 |  |  | $ | 17,526 |  |  | $ | — |  |  | $ | 66,062 |
Other intangible assets, net |  |  | 41 |  |  |  | 7,959 |  |  |  | — |  |  |  | 8,000 |
Total assets |  |  | 4,922,251 |  |  |  | 37,420 |  |  |  | (470 | ) |  |  | 4,959,201 |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 48,536 |  |  | $ | 17,526 |  |  | $ | — |  |  | $ | 66,062 |
Other intangible assets, net |  |  | 98 |  |  |  | 8,763 |  |  |  | — |  |  |  | 8,861 |
Total assets |  |  | 4,346,615 |  |  |  | 36,733 |  |  |  | 830 |  |  |  | 4,384,178 |
|  | Banking |  |  | Non- Banking |  |  | Holding Company and Other |  |  | Consolidated Totals |
Three months ended September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income (expense) |  | $ | 36,117 |  |  | $ | — |  |  | $ | (618 | ) |  | $ | 35,499 |
Provision for credit losses |  |  | (4,028 | ) |  |  | — |  |  |  | — |  |  |  | (4,028 | )
Noninterest income |  |  | 9,101 |  |  |  | 3,489 |  |  |  | (189 | ) |  |  | 12,401 |
Noninterest expense |  |  | (24,504 | ) |  |  | (3,571 | ) |  |  | (584 | ) |  |  | (28,659 | )
Income (loss) before income taxes |  |  | 16,686 |  |  |  | (82 | ) |  |  | (1,391 | ) |  |  | 15,213 |
Income tax (expense) benefit |  |  | (3,598 | ) |  |  | 18 |  |  |  | 640 |  |  |  | (2,940 | )
Net income (loss) |  | $ | 13,088 |  |  | $ | (64 | ) |  | $ | (751 | ) |  | $ | 12,273 |
Nine months ended September 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income (expense) |  | $ | 104,657 |  |  | $ | — |  |  | $ | (1,853 | ) |  | $ | 102,804 |
Provision for credit losses |  |  | (21,689 | ) |  |  | — |  |  |  | — |  |  |  | (21,689 | )
Noninterest income |  |  | 23,169 |  |  |  | 9,543 |  |  |  | (517 | ) |  |  | 32,195 |
Noninterest expense |  |  | (72,008 | ) |  |  | (9,349 | ) |  |  | (1,718 | ) |  |  | (83,075 | )
Income (loss) before income taxes |  |  | 34,129 |  |  |  | 194 |  |  |  | (4,088 | ) |  |  | 30,235 |
Income tax (expense) benefit |  |  | (6,317 | ) |  |  | (56 | ) |  |  | 670 |  |  |  | (5,703 | )
Net income (loss) |  | $ | 27,812 |  |  | $ | 138 |  |  | $ | (3,418 | ) |  | $ | 24,532 |
(1 5.) | SEGMENT REPORTING (Continued)
|  | Banking |  |  | Non- Banking |  |  | Holding Company and Other |  |  | Consolidated Totals |
Three months ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income (expense) |  | $ | 33,101 |  |  | $ | — |  |  | $ | (618 | ) |  | $ | 32,483 |
Provision for loan losses |  |  | (1,844 | ) |  |  | — |  |  |  | — |  |  |  | (1,844 | )
Noninterest income |  |  | 9,398 |  |  |  | 3,149 |  |  |  | (186 | ) |  |  | 12,361 |
Noninterest expense |  |  | (22,153 | ) |  |  | (3,225 | ) |  |  | (508 | ) |  |  | (25,886 | )
Income (loss) before income taxes |  |  | 18,502 |  |  |  | (76 | ) |  |  | (1,312 | ) |  |  | 17,114 |
Income tax (expense) benefit |  |  | (4,034 | ) |  |  | 16 |  |  |  | (263 | ) |  |  | (4,281 | )
Net income (loss) |  | $ | 14,468 |  |  | $ | (60 | ) |  | $ | (1,575 | ) |  | $ | 12,833 |
Nine months ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income (expense) |  | $ | 98,592 |  |  | $ | — |  |  | $ | (1,853 | ) |  | $ | 96,739 |
Provision for loan losses |  |  | (5,391 | ) |  |  | — |  |  |  | — |  |  |  | (5,391 | )
Noninterest income |  |  | 22,452 |  |  |  | 8,809 |  |  |  | (547 | ) |  |  | 30,714 |
Noninterest expense |  |  | (65,256 | ) |  |  | (9,097 | ) |  |  | (1,707 | ) |  |  | (76,060 | )
Income (loss) before income taxes |  |  | 50,397 |  |  |  | (288 | ) |  |  | (4,107 | ) |  |  | 46,002 |
Income tax (expense) benefit |  |  | (10,693 | ) |  |  | 59 |  |  |  | 387 |  |  |  | (10,247 | )
Net income (loss) |  | $ | 39,704 |  |  | $ | (229 | ) |  | $ | (3,720 | ) |  | $ | 35,755 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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