v3.22.1
SEGMENT REPORTING
3 Months Ended
Mar. 31, 2022
SEGMENT REPORTING  
SEGMENT REPORTING

NOTE 11: SEGMENT REPORTING

For the three months ended March 31, 2022 and 2021, the Company had two reportable business segments: Banking (FFB, FFIS, Blue Moon, and FFPF) 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 March 31, 2022:

 

  

 

  

 

  

 

  

Interest income

$

79,144

$

$

$

79,144

Interest expense

 

3,413

 

 

1,237

 

4,650

Net interest income

 

75,731

 

 

(1,237)

 

74,494

Provision for credit losses

 

(792)

 

 

 

(792)

Noninterest income

 

7,531

 

8,345

 

(449)

 

15,427

Noninterest expense

 

40,101

 

6,644

 

873

 

47,618

Income (loss) before taxes on income

$

43,953

$

1,701

$

(2,559)

$

43,095

Three Months Ended March 31, 2021:

 

  

 

  

 

  

 

  

Interest income

$

59,138

$

$

$

59,138

Interest expense

 

4,848

 

 

61

 

4,909

Net interest income

 

54,290

 

 

(61)

 

54,229

Provision for credit losses

 

360

 

 

 

360

Noninterest income

 

5,309

 

6,923

 

(324)

 

11,908

Noninterest expense

 

28,579

 

5,731

 

201

 

34,511

Income (loss) before taxes on income

$

30,660

$

1,192

$

(586)

$

31,266