Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Tables)

v3.25.1
Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

The following table presents information reported internally for performance assessment by the chief operating decision maker for the following periods:

 

 

 

Banking Segment

 

 

 

Quarter Ended March 31,

 

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Net interest income

 

$

55,092

 

 

$

50,655

 

Noninterest income

 

 

7,726

 

 

 

7,733

 

Segment revenues

 

 

62,818

 

 

 

58,388

 

Other revenues

 

 

 

 

 

 

Total consolidated revenues

 

 

62,818

 

 

 

58,388

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

Credit loss expense

 

 

2,721

 

 

 

227

 

Noninterest expenses

 

 

34,984

 

 

 

36,445

 

Income tax expense

 

 

7,441

 

 

 

6,552

 

Segment net income

 

 

17,672

 

 

 

15,164

 

 

 

 

 

 

 

 

Reconciliation of profit:

 

 

 

 

 

 

Adjustments and reconciling items

 

 

 

 

 

 

Consolidated net income

 

 

17,672

 

 

 

15,164

 

 

 

 

 

 

 

 

Segment assets

 

 

7,729,035

 

 

 

7,512,046

 

Other assets

 

 

 

 

 

 

Consolidated assets

 

$

7,729,035

 

 

$

7,512,046