| 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, 2016: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
$ |
26,004 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
26,004 |
|
|
Interest expense |
|
|
2,841 |
|
|
|
— |
|
|
|
— |
|
|
|
2,841 |
|
|
Net interest income |
|
|
23,163 |
|
|
|
— |
|
|
|
— |
|
|
|
23,163 |
|
|
Provision for loan losses |
|
|
1,231 |
|
|
|
— |
|
|
|
— |
|
|
|
1,231 |
|
|
Noninterest income |
|
|
9,923 |
|
|
|
5,319 |
|
|
|
(163 |
) |
|
|
15,079 |
|
|
Noninterest expense |
|
|
16,134 |
|
|
|
4,697 |
|
|
|
705 |
|
|
|
21,536 |
|
|
Income (loss) before taxes on income |
|
$ |
15,721 |
|
|
$ |
622 |
|
|
$ |
(868 |
) |
|
$ |
15,475 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
Banking |
|
|
Wealth Management |
|
|
Other |
|
|
Total |
|
|
Nine months ended September 30, 2016: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
$ |
72,275 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
72,275 |
|
|
Interest expense |
|
|
7,830 |
|
|
|
— |
|
|
|
— |
|
|
|
7,830 |
|
|
Net interest income |
|
|
64,445 |
|
|
|
— |
|
|
|
— |
|
|
|
64,445 |
|
|
Provision for loan losses |
|
|
2,881 |
|
|
|
— |
|
|
|
— |
|
|
|
2,881 |
|
|
Noninterest income |
|
|
11,505 |
|
|
|
15,917 |
|
|
|
(448 |
) |
|
|
26,974 |
|
|
Noninterest expense |
|
|
43,746 |
|
|
|
14,536 |
|
|
|
2,521 |
|
|
|
60,803 |
|
|
Income (loss) before taxes on income |
|
$ |
29,323 |
|
|
$ |
1,381 |
|
|
$ |
(2,969 |
) |
|
$ |
27,735 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|