| Key Operating Results of Business Segments |
The following tables show key operating results for each of our business segments used to arrive at our consolidated totals for the following periods:
|
(dollars in thousands) |
|
Banking |
|
|
Wealth Management |
|
|
Other |
|
|
Total |
|
|
Quarter ended September 30, 2015: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
$ |
17,108 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
17,108 |
|
|
Interest expense |
|
|
1,509 |
|
|
|
— |
|
|
|
138 |
|
|
|
1,647 |
|
|
Net interest income |
|
|
15,599 |
|
|
|
— |
|
|
|
(138 |
) |
|
|
15,461 |
|
|
Provision for loan losses |
|
|
570 |
|
|
|
— |
|
|
|
— |
|
|
|
570 |
|
|
Noninterest income |
|
|
1,839 |
|
|
|
5,171 |
|
|
|
(142 |
) |
|
|
6,868 |
|
|
Noninterest expense |
|
|
11,653 |
|
|
|
4,685 |
|
|
|
618 |
|
|
|
16,956 |
|
|
Income (loss) before taxes on income |
|
$ |
5,215 |
|
|
$ |
486 |
|
|
$ |
(898 |
) |
|
$ |
4,803 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter ended September 30, 2014: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
$ |
12,384 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
12,384 |
|
|
Interest expense |
|
|
1,014 |
|
|
|
— |
|
|
|
223 |
|
|
|
1,237 |
|
|
Net interest income |
|
|
11,370 |
|
|
|
— |
|
|
|
(223 |
) |
|
|
11,147 |
|
|
Provision for loan losses |
|
|
- |
|
|
|
— |
|
|
|
- |
|
|
|
- |
|
|
Noninterest income |
|
|
1,765 |
|
|
|
5,113 |
|
|
|
(141 |
) |
|
|
6,737 |
|
|
Noninterest expense |
|
|
8,216 |
|
|
|
4,351 |
|
|
|
528 |
|
|
|
13,095 |
|
|
Income (loss) before taxes on income |
|
$ |
4,919 |
|
|
$ |
762 |
|
|
$ |
(892 |
) |
|
$ |
4,789 |
|
|
|
|
Banking |
|
|
Wealth Management |
|
|
Other |
|
|
Total |
|
|
Nine months ended September 30, 2015: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
$ |
45,259 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
45,259 |
|
|
Interest expense |
|
|
3,829 |
|
|
|
— |
|
|
|
674 |
|
|
|
4,503 |
|
|
Net interest income |
|
|
41,430 |
|
|
|
— |
|
|
|
(674 |
) |
|
|
40,756 |
|
|
Provision for loan losses |
|
|
1,473 |
|
|
|
— |
|
|
|
— |
|
|
|
1,473 |
|
|
Noninterest income |
|
|
4,501 |
|
|
|
15,426 |
|
|
|
(435 |
) |
|
|
19,492 |
|
|
Noninterest expense |
|
|
28,138 |
|
|
|
13,950 |
|
|
|
2,200 |
|
|
|
44,288 |
|
|
Income (loss) before taxes on income |
|
$ |
16,320 |
|
|
$ |
1,476 |
|
|
$ |
(3,309 |
) |
|
$ |
14,487 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2014: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
$ |
33,990 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
33,990 |
|
|
Interest expense |
|
|
2,753 |
|
|
|
— |
|
|
|
524 |
|
|
|
3,277 |
|
|
Net interest income |
|
|
31,237 |
|
|
|
— |
|
|
|
(524 |
) |
|
|
30,713 |
|
|
Provision for loan losses |
|
|
235 |
|
|
|
— |
|
|
|
- |
|
|
|
235 |
|
|
Noninterest income |
|
|
4,694 |
|
|
|
14,400 |
|
|
|
(390 |
) |
|
|
18,704 |
|
|
Noninterest expense |
|
|
22,773 |
|
|
|
13,576 |
|
|
|
3,163 |
|
|
|
39,512 |
|
|
Income (loss) before taxes on income |
|
$ |
12,923 |
|
|
$ |
824 |
|
|
$ |
(4,077 |
) |
|
$ |
9,670 |
|
|