| 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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