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Segment Information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company has one reportable segment: The Banking Segment. The Company's reportable segment is determined by the Chairman and Chief Executive Officer, who is the designated chief operating decision maker ("CODM"), based upon information provided about the Company's products and services offered, primarily banking operations. The segment is also defined by the level of detailed information provided to the CODM, who uses such information to review performance of various components of the business such as geographical regions and branches, which are then aggregated since these have similar operating and economic characteristics. Each of the branches and regions of the Bank provide a group of similar banking services, including such products and services as commercial, real estate and consumer loans, time deposits, checking and savings accounts.
The CODM will evaluate the financial performance of the Company's business components such as evaluating revenue streams, significant expenses and budget to actual results in order to assess the Company's segment and to determine the allocation of resources. The CODM uses revenue streams to evaluate product pricing and significant expenses to assess performance and evaluate return on assets. The CODM uses consolidated net income in order to benchmark the Company against its competitors. The benchmarking analysis coupled with monitoring of budget to actual results are used in assessment performance and in establishing compensation. Loans, investments and deposits provide the revenues in the banking operation. Interest expense, provision for credit losses and payroll provide the significant expenses in the banking operation. All operations are domestic.
Accounting policies for segments are the same as those described in Note 1. Segment performance is evaluated using consolidated net income. The table below presents the information reported internally for performance assessment by the CODM as of the three and six months ended June 30, 2025 and 2024.
Three Months Ended June 30,Six Months Ended June 30, 2025
Banking Segment2025202420252024
(In thousands)
Interest Income$319,115 $327,303 $631,657 $644,218 
Reconciliation of revenue:
Other Revenues*51,079 42,774 96,505 84,573 
Total consolidated revenues$370,194 $370,077 $728,162 $728,791 
Less:
Interest Expense99,163 115,481 197,049 227,806 
Segment net interest income and noninterest income$271,031 $254,596 $531,113 $500,985 
Less:
Provision for credit losses3,000 8,000 3,000 12,500 
Salaries and employee benefits64,318 60,427 126,173 121,337 
Occupancy and equipment**14,023 14,408 28,448 28,959 
Data Processing expense8,364 8,935 16,922 18,082 
Other expense12,496 8,788 21,199 17,738 
FDIC and state assessment1,636 5,494 5,023 8,812 
Electronic banking expense3,172 3,412 6,227 6,568 
Other segment items***12,031 11,721 24,976 23,185 
Income tax expense33,588 31,881 65,533 62,165 
Segment net income/consolidated net income118,403 101,530 233,612 201,639 
Reconciliation of profit or loss:
Adjustments and reconciling items — — — — 
Consolidated net income$118,403 $101,530 $233,612 $201,639 
*Includes earnings in equity method investments of $4.3 million and $991,000 for the three months ended June 30, 2025 and 2024, respectively. Includes earnings in equity method investments of $9.4 million and $2.2 million for the six months ended June 30, 2025 and 2024, respectively.
** Includes depreciation and amortization expense of $5.2 million and $5.4 million for the three months ended June 30, 2025 and 2024, respectively. Includes depreciation and amortization expense of $10.5 million and $10.7 million for the six months ended June 30, 2025 and 2024, respectively.
***Other segment items include expenses for advertising, amortization of intangibles, directors' fees, due from bank service charges, insurance expense, legal and accounting fees, other professional fees, operating supplies, postage and telephone