v3.21.2

SEGMENT REPORTING | 9 Months Ended
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Sep. 30, 2021
SEGMENT REPORTING |
SEGMENT REPORTING | NOTE 10: SEGMENT REPORTING For the three and nine months ended September 30, 2021 and 2020, the Company had two reportable business segments: Banking (FFB and FFIS) and Wealth Management (FFA). The results of FFI and any elimination entries are included in the column labeled “Other”. The following tables show key operating results for each of our business segments used to arrive at our consolidated totals for the following periods: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Wealth |  | ​ | ​ |  | ​ | ​
(dollars in thousands) | ​ | Banking | ​ | Management | ​ | Other | Total
Three Months Ended September 30, 2021: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Interest income | ​ | $ | 61,989 | ​ | $ | — | ​ | $ | — | ​ | $ | 61,989
Interest expense | ​ |  | 2,753 | ​ |  | — | ​ |  | 49 | ​ |  | 2,802
Net interest income | ​ |  | 59,236 | ​ |  | — | ​ |  | (49) | ​ |  | 59,187
Provision for credit losses | ​ |  | (417) | ​ |  | — | ​ |  | — | ​ |  | (417)
Noninterest income | ​ |  | 23,202 | ​ |  | 7,857 | ​ |  | (379) | ​ |  | 30,680
Noninterest expense | ​ |  | 31,488 | ​ |  | 6,338 | ​ |  | 568 | ​ |  | 38,394
Income (loss) before taxes on income | ​ | $ | 51,367 | ​ | $ | 1,519 | ​ | $ | (996) | ​ | $ | 51,890
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three Months Ended September 30, 2020: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Interest income | ​ | $ | 61,691 | ​ | $ | — | ​ | $ | — | ​ | $ | 61,691
Interest expense | ​ |  | 10,024 | ​ |  | — | ​ |  | 50 | ​ |  | 10,074
Net interest income | ​ |  | 51,667 | ​ |  | — | ​ |  | (50) | ​ |  | 51,617
Provision for credit losses | ​ |  | 1,548 | ​ |  | — | ​ |  | — | ​ |  | 1,548
Noninterest income | ​ |  | 17,976 | ​ |  | 6,020 | ​ |  | (355) | ​ |  | 23,641
Noninterest expense | ​ |  | 24,949 | ​ |  | 5,166 | ​ |  | 480 | ​ |  | 30,595
Income (loss) before taxes on income | ​ | $ | 43,146 | ​ | $ | 854 | ​ | $ | (885) | ​ | $ | 43,115
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Wealth |  | ​ | ​ |  | ​ | ​
(dollars in thousands) | ​ | Banking | ​ | Management | ​ | Other | Total
Nine Months Ended September 30, 2021: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Interest income | ​ | $ | 182,530 | ​ | $ | — | ​ | $ | — | ​ | $ | 182,530
Interest expense | ​ |  | 10,988 | ​ |  | — | ​ |  | 216 | ​ |  | 11,204
Net interest income | ​ |  | 171,542 | ​ |  | — | ​ |  | (216) | ​ |  | 171,326
Provision for credit losses | ​ |  | (13) | ​ |  | — | ​ |  | — | ​ |  | (13)
Noninterest income | ​ |  | 35,710 | ​ |  | 22,020 | ​ |  | (1,107) | ​ |  | 56,623
Noninterest expense | ​ |  | 88,935 | ​ |  | 17,441 | ​ |  | 2,146 | ​ |  | 108,522
Income (loss) before taxes on income | ​ | $ | 118,330 | ​ | $ | 4,579 | ​ | $ | (3,469) | ​ | $ | 119,440
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine Months Ended September 30, 2020: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Interest income | ​ | $ | 185,961 | ​ | $ | — | ​ | $ | — | ​ | $ | 185,961
Interest expense | ​ |  | 40,899 | ​ |  | — | ​ |  | 130 | ​ |  | 41,029
Net interest income | ​ |  | 145,062 | ​ |  | — | ​ |  | (130) | ​ |  | 144,932
Provision for credit losses | ​ |  | 6,979 | ​ |  | — | ​ |  | — | ​ |  | 6,979
Noninterest income | ​ |  | 26,270 | ​ |  | 18,139 | ​ |  | (1,124) | ​ |  | 43,285
Noninterest expense | ​ |  | 76,235 | ​ |  | 16,735 | ​ |  | 1,434 | ​ |  | 94,404
Income (loss) before taxes on income | ​ | $ | 88,118 | ​ | $ | 1,404 | ​ | $ | (2,688) | ​ | $ | 86,834
​

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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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