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Segment Reporting | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting The Company is managed as a single line of business with a single reportable segment originating and servicing high-quality Private Education Loans and providing other education-related services to customers. Our consolidated financial results are regularly reviewed by the Company’s Chief Executive Officer (the “CEO”) to allocate resources and evaluate financial performance. The CEO evaluates the performance of the Company and decides how to allocate resources based on net income and total consolidated assets. The CEO uses net income to assess financial performance and to decide whether to re-invest profits into the Company or to return capital to shareholders in the form of dividends or the repurchase of common stock. Net income is also used to compare budget versus actual results, and the budget versus actual analysis is part of the segment financial performance review. The following table illustrates the significant expense categories and amounts regularly provided to the CEO.
Years Ended December 31, (dollars in thousands) |  | 2024 |  | 2023 |  | 2022
Non-interest expenses: |  |  |  |  |  |
Compensation and benefits |  | $ | 349,387 |  |  | $ | 326,554 |  |  | $ | 270,354 |
Professional fees |  | 129,472 |  |  | 145,062 |  |  | 164,226 |
Technology expenses |  | 57,431 |  |  | 54,942 |  |  | 48,561 |
FDIC assessment fees |  | 51,606 |  |  | 45,766 |  |  | 20,939 |
Other operating expenses |  | 48,674 |  |  | 46,882 |  |  | 47,382 |
Total operating expenses |  | 636,570 |  |  | 619,206 |  |  | 551,462 |
Acquired intangible assets impairment and amortization expense |  | 5,329 |  |  | 66,364 |  |  | 7,779 |
Total non-interest expenses |  | $ | 641,899 |  |  | $ | 685,570 |  |  | $ | 559,241 |

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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/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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