Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Tables)

v3.25.3
Segment Reporting (Tables)
9 Months Ended
Sep. 30, 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 September 30,

 

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Net interest income

 

$

61,079

 

 

$

50,051

 

Noninterest income

 

 

9,880

 

 

 

8,438

 

Segment revenues

 

 

70,959

 

 

 

58,489

 

Other revenues

 

 

 

 

 

 

Total consolidated revenues

 

 

70,959

 

 

 

58,489

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

Credit loss expense

 

 

2,145

 

 

 

2,286

 

Noninterest expenses

 

 

37,357

 

 

 

35,080

 

Income tax expense

 

 

9,396

 

 

 

6,231

 

Segment net income

 

 

22,061

 

 

 

14,892

 

 

 

 

 

 

 

 

Reconciliation of profit:

 

 

 

 

 

 

Adjustments and reconciling items

 

 

 

 

 

 

Consolidated net income

 

$

22,061

 

 

$

14,892

 

 

 

 

 

Banking Segment

 

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Net interest income

 

$

173,310

 

 

$

149,324

 

Noninterest income

 

 

25,676

 

 

 

24,228

 

Segment revenues

 

 

198,986

 

 

 

173,552

 

Other revenues

 

 

 

 

 

 

Total consolidated revenues

 

 

198,986

 

 

 

173,552

 

 

 

 

 

 

 

 

Less:

 

 

 

 

 

 

Credit loss expense

 

 

12,496

 

 

 

3,474

 

Noninterest expenses

 

 

108,689

 

 

 

106,800

 

Income tax expense

 

 

22,951

 

 

 

18,772

 

Segment net income

 

 

54,850

 

 

 

44,506

 

 

 

 

 

 

 

 

Reconciliation of profit:

 

 

 

 

 

 

Adjustments and reconciling items

 

 

 

 

 

 

Consolidated net income

 

$

54,850

 

 

$

44,506

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Segment assets

 

$

7,856,731

 

 

$

7,677,925

 

Other assets

 

 

 

 

 

 

Consolidated assets

 

$

7,856,731

 

 

$

7,677,925