| 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, 2017: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
$ |
34,877 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
34,878 |
|
|
Interest expense |
|
|
6,210 |
|
|
|
— |
|
|
|
228 |
|
|
|
6,438 |
|
|
Net interest income |
|
|
28,667 |
|
|
|
1 |
|
|
|
(228 |
) |
|
|
28,440 |
|
|
Provision for loan losses |
|
|
701 |
|
|
|
— |
|
|
|
— |
|
|
|
701 |
|
|
Noninterest income |
|
|
3,955 |
|
|
|
6,132 |
|
|
|
(224 |
) |
|
|
9,863 |
|
|
Noninterest expense |
|
|
17,333 |
|
|
|
5,096 |
|
|
|
964 |
|
|
|
23,393 |
|
|
Income (loss) before taxes on income |
|
$ |
14,588 |
|
|
$ |
1,037 |
|
|
$ |
(1,416 |
) |
|
$ |
14,209 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
Banking |
|
|
Wealth Management |
|
|
Other |
|
|
Total |
|
|
Nine months ended September 30, 2017: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
$ |
98,889 |
|
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
98,890 |
|
|
Interest expense |
|
|
16,062 |
|
|
|
— |
|
|
|
435 |
|
|
|
16,497 |
|
|
Net interest income |
|
|
82,827 |
|
|
|
1 |
|
|
|
(435 |
) |
|
|
82,393 |
|
|
Provision for loan losses |
|
|
1,862 |
|
|
|
— |
|
|
|
— |
|
|
|
1,862 |
|
|
Noninterest income |
|
|
10,636 |
|
|
|
17,334 |
|
|
|
(627 |
) |
|
|
27,343 |
|
|
Noninterest expense |
|
|
51,506 |
|
|
|
15,328 |
|
|
|
3,481 |
|
|
|
70,315 |
|
|
Income (loss) before taxes on income |
|
$ |
40,095 |
|
|
$ |
2,007 |
|
|
$ |
(4,543 |
) |
|
$ |
37,559 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|