XML 39 R29.htm IDEA: XBRL DOCUMENT v3.20.2

BUSINESS SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of Income and Total Assets for Reportable Segments

The following tables present the statements of income and total assets for the Company’s reportable segments for the three and six months ended June 30, 2020 and 2019.

		Three Months Ended June 30, 2020
						Wealth
						Management
(In thousands)		Banking				Division				Total
Net interest income		$	30,453			$	1,518			$	31,971
Noninterest income			2,356				10,270				12,626
Total income			32,809				11,788				44,597
Provision for loan and lease losses			4,900				—				4,900
Compensation and benefits			13,774				5,412				19,186
Premises and equipment expense			3,487				549				4,036
FDIC expense			455				—				455
Other noninterest expense			3,052				2,285				5,337
Total noninterest expense			25,668				8,246				33,914
Income before income tax expense			7,141				3,542				10,683
Income tax expense			1,257				1,184				2,441
Net income		$	5,884			$	2,358			$	8,242

		Three Months Ended June 30, 2019
						Wealth
						Management
(In thousands)		Banking				Division				Total
Net interest income		$	27,934			$	1,334			$	29,268
Noninterest income			3,151				9,875				13,026
Total income			31,085				11,209				42,294
Provision for loan and lease losses			1,150				—				1,150
Compensation and employee benefits			12,685				4,858				17,543
Premises and equipment expense			3,046				554				3,600
FDIC insurance expense			277				—				277
Other operating expense			2,553				2,200				4,753
Total operating expense			19,711				7,612				27,323
Income before income tax expense			11,374				3,597				14,971
Income tax expense			2,581				840				3,421
Net income		$	8,793			$	2,757			$	11,550

		Six Months Ended June 30, 2020
						Wealth
						Management
(In thousands)		Banking				Division				Total
Net interest income		$	60,862			$	2,856			$	63,718
Noninterest income			6,585				20,558				27,143
Total income			67,447				23,414				90,861
Provision for loan and lease losses			24,900				—				24,900
Compensation and employee benefits			26,981				11,431				38,412
Premises and equipment expense			6,908				1,171				8,079
FDIC insurance expense			705				—				705
Other operating expense			5,658				4,395				10,053
Total operating expense			65,152				16,997				82,149
Income before income tax (benefit)/expense			2,295				6,417				8,712
Income tax (benefit)/expense			(2,636	)			1,733				(903	)
Net income/(loss)		$	4,931			$	4,684			$	9,615
Total assets at period end		$	6,203,441			$	77,774			$	6,281,215

		Six Months Ended June 30, 2019
						Wealth
						Management
(In thousands)		Banking				Division				Total
Net interest income		$	56,500			$	2,775			$	59,275
Noninterest income			5,430				19,325				24,755
Total income			61,930				22,100				84,030
Provision for loan and lease losses			1,250				—				1,250
Compensation and employee benefits			24,682				10,017				34,699
Premises and equipment expense			5,971				1,017				6,988
FDIC insurance expense			554				—				554
Other operating expense			5,311				4,336				9,647
Total operating expense			37,768				15,370				53,138
Income before income tax expense			24,162				6,730				30,892
Income tax expense			6,192				1,725				7,917
Net income		$	17,970			$	5,005			$	22,975
Total assets at period end		$	4,791,902			$	79,332			$	4,871,234

X

- 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=120311839&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=120311839&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=120311839&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration