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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

SEGMENT INFORMATION

Schedule of segment reporting information by segment


					Employee						Wealth
		Banking and			Benefit			Insurance			Management
(000’s omitted)		Corporate			Services			Services			Services			Total
Year Ended December 31, 2024
Net interest income from external customers		$	448,593		$	524		$	0		$	0		$	449,117
Noninterest revenues from external customers			77,278			132,244			50,249			36,671			296,442
Revenues from external customers			525,871			132,768			50,249			36,671			745,559
Intersegment revenues			(1,909)			4,618			220			1,998			4,927
Total segment operating revenues			523,962			137,386			50,469			38,669			750,486

Reconciliation of revenues (segment operating revenues):
Elimination of intersegment revenues															(4,927)
Other revenues ^(a)															744
Total consolidated revenues														$	746,303

Less segment expenses: ^(b)
Provision for credit losses			22,773			0			0			0
Salaries and employee benefits			182,270			63,715			34,566			23,494
Data processing and communications			51,563			4,068			3,473			2,739
Occupancy and equipment			37,740			3,822			1,576			597
Legal and professional fees			9,684			5,175			748			430
Business development and marketing			14,805			199			947			108
Other segment items ^(c)			27,975			4,663			1,767			774
Total segment expenses			346,810			81,642			43,077			28,142
Segment adjusted income before income taxes		$	177,152		$	55,744		$	7,392		$	10,527		$	250,815

Reconciliation of profit or loss (segment adjusted income before income taxes):
Realized loss on investment securities															(487)
Unrealized gain on equity securities															1,231
Amortization of intangible assets															(14,259)
Acquisition expenses															(213)
Acquisition-related contingent consideration adjustments															(244)
Litigation accrual															(138)
Total consolidated income before income taxes														$	236,705

Other segment disclosures:
Interest income		$	643,004		$	2,627		$	144		$	534		$	646,309

Reconciliation of interest income:
Elimination of intersegment interest income															(2,781)
Total consolidated interest income														$	643,528

Interest expense		$	197,192		$	0		$	0		$	0		$	197,192

Reconciliation of interest expense:
Elimination of intersegment interest expense															(2,781)
Total consolidated interest expense														$	194,411

Depreciation ^(d)		$	12,286		$	767		$	420		$	203		$	13,676
Amortization of intangible assets			3,245			6,901			3,390			723			14,259
Goodwill			732,598			89,293			27,896			3,438			853,225
Core deposit intangibles, net			5,148			0			0			0			5,148
Other intangibles, net			724			23,314			17,888			1,172			43,098
Segment assets			16,151,718			230,098			74,855			37,654			16,494,325

Reconciliation of segment assets:
Elimination of intersegment cash and deposits															(108,281)
Total consolidated assets														$	16,386,044

^(a)	Other revenues includes $1,231 of unrealized gain on equity securities and $487 of realized loss on investment securities.

^(b)	The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intersegment expenses are included within the amounts shown.

^(c)	Other segment items for each reportable segment includes:

Banking and Corporate – FDIC insurance expense, office supplies and postage expense, fraud losses and other writedowns, education, recruiting and travel expense and various miscellaneous expenses partially offset by a benefit related to the non-service related components of the Company’s pension.

Employee Benefit Services – Certain intersegment technology and rent related overhead expense allocations, education, recruiting and travel expense, office supplies and postage expense and various miscellaneous expenses partially offset by a benefit related to the non-service related components of the Company’s pension.

Insurance Services – Education, recruiting and travel expense, certain intersegment technology and rent related overhead expense allocations and various miscellaneous expenses partially offset by a benefit related to the non-service related components of the Company’s pension.

Wealth Management Services – Education, recruiting and travel expense, certain intersegment technology and rent related overhead expense allocations and various miscellaneous expenses partially offset by a benefit related to the non-service related components of the Company’s pension.

^(d)	The amount of depreciation disclosed by reportable segment is included within the data processing and communications and occupancy and equipment expense captions.


					Employee						Wealth
		Banking and			Benefit			Insurance			Management
(000’s omitted)		Corporate			Services			Services			Services			Total
Year Ended December 31, 2023
Net interest income from external customers		$	437,041		$	236		$	8		$	0		$	437,285
Noninterest revenues from external customers			69,041			118,888			47,095			31,944			266,968
Revenues from external customers			506,082			119,124			47,103			31,944			704,253
Intersegment revenues			(1,086)			3,801			215			1,701			4,631
Total segment operating revenues			504,996			122,925			47,318			33,645			708,884

Reconciliation of revenues (segment operating revenues):
Elimination of intersegment revenues															(4,631)
Other revenues ^(a)															(52,134)
Total consolidated revenues														$	652,119

Less segment expenses: ^(b)
Provision for credit losses			11,203			0			0			0
Salaries and employee benefits			178,524			55,505			30,306			20,681
Data processing and communications			47,965			4,063			2,972			2,585
Occupancy and equipment			37,033			3,709			1,328			578
Legal and professional fees			10,640			4,880			447			401
Business development and marketing			14,228			191			1,174			138
Other segment items ^(c)			27,235			4,766			2,456			694
Total segment expenses			326,828			73,114			38,683			25,077
Segment adjusted income before income taxes		$	178,168		$	49,811		$	8,635		$	8,568		$	245,182

Reconciliation of profit or loss (segment adjusted income before income taxes):
Realized loss on investment securities															(52,329)
Gain on debt extinguishment															242
Unrealized loss on equity securities															(47)
Amortization of intangible assets															(14,511)
Acquisition expenses															(63)
Acquisition-related contingent consideration adjustments															(3,280)
Restructuring expenses															(1,163)
Litigation accrual															(5,800)
Total consolidated income before income taxes														$	168,231

Other segment disclosures:
Interest income		$	541,144		$	1,711		$	123		$	368		$	543,346

Reconciliation of interest income:
Elimination of intersegment interest income															(1,958)
Total consolidated interest income														$	541,388

Interest expense		$	106,061		$	0		$	0		$	0		$	106,061

Reconciliation of interest expense:
Elimination of intersegment interest expense															(1,958)
Total consolidated interest expense														$	104,103

Depreciation ^(d)		$	11,676		$	735		$	403		$	177		$	12,991
Amortization of intangible assets			4,363			6,452			2,898			798			14,511
Goodwill			732,598			85,384			23,976			3,438			845,396
Core deposit intangibles, net			8,159			0			0			0			8,159
Other intangibles, net			958			26,883			14,430			2,161			44,432
Segment assets			15,328,785			245,967			64,904			34,288			15,673,944

Reconciliation of segment assets:
Elimination of intersegment cash and deposits															(118,191)
Total consolidated assets														$	15,555,753

^(a)	Other revenues includes $52,329 of realized loss on investment securities, $242 of gain on debt extinguishment and $47 of unrealized loss on equity securities.

^(b)	The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intersegment expenses are included within the amounts shown.

^(c)	Other segment items for each reportable segment includes:

Banking and Corporate – FDIC insurance expense, office supplies and postage expense, fraud losses and other writedowns, education, recruiting and travel expense and various miscellaneous expenses partially offset by a benefit related to the non-service related components of the Company’s pension.

Employee Benefit Services – Certain intersegment technology and rent related overhead expense allocations, education, recruiting and travel expense, office supplies and postage expense and various miscellaneous expenses partially offset by a benefit related to the non-service related components of the Company’s pension.

Insurance Services – Education, recruiting and travel expense, certain intersegment technology and rent related overhead expense allocations and various miscellaneous expenses partially offset by a benefit related to the non-service related components of the Company’s pension.

Wealth Management Services – Education, recruiting and travel expense, certain intersegment technology and rent related overhead expense allocations and various miscellaneous expenses partially offset by a benefit related to the non-service related components of the Company’s pension.

^(d)	The amount of depreciation disclosed by reportable segment is included within the data processing and communications and occupancy and equipment expense captions.


					Employee						Wealth
		Banking and			Benefit			Insurance			Management
(000’s omitted)		Corporate			Services			Services			Services			Total
Year Ended December 31, 2022
Net interest income from external customers		$	420,620		$	10		$	0		$	0		$	420,630
Noninterest revenues from external customers			71,679			115,610			39,810			31,670			258,769
Revenues from external customers			492,299			115,620			39,810			31,670			679,399
Intersegment revenues			523			2,508			163			1,350			4,544
Total segment operating revenues			492,822			118,128			39,973			33,020			683,943

Reconciliation of revenues (segment operating revenues):
Elimination of intersegment revenues															(4,544)
Other revenues ^(a)															(44)
Total consolidated revenues														$	679,355

Less segment expenses: ^(b)
Provision for credit losses			10,846			0			0			0
Salaries and employee benefits			163,172			52,837			25,458			18,985
Data processing and communications			44,688			4,290			2,638			2,483
Occupancy and equipment			36,870			3,838			1,299			544
Legal and professional fees			8,965			4,856			213			407
Business development and marketing			11,955			124			929			87
Other segment items ^(c)			18,855			3,041			2,260			83
Total segment expenses			295,351			68,986			32,797			22,589
Segment adjusted income before income taxes		$	197,471		$	49,142		$	7,176		$	10,431		$	264,220

Reconciliation of profit or loss (segment adjusted income before income taxes):
Acquisition-related provision for credit losses															(3,927)
Unrealized loss on equity securities															(44)
Amortization of intangible assets															(15,214)
Acquisition expenses															(5,021)
Acquisition-related contingent consideration adjustments															300
Total consolidated income before income taxes														$	240,314

Other segment disclosures:
Interest income		$	443,719		$	319		$	13		$	25		$	444,076

Reconciliation of interest income:
Elimination of intersegment interest income															(347)
Total consolidated interest income														$	443,729

Interest expense		$	23,446		$	0		$	0		$	0		$	23,446

Reconciliation of interest expense:
Elimination of intersegment interest expense															(347)
Total consolidated interest expense														$	23,099

Depreciation ^(d)		$	12,865		$	889		$	493		$	164		$	14,411
Amortization of intangible assets			4,752			6,608			2,923			931			15,214
Goodwill			732,088			85,384			21,869			2,500			841,841
Core deposit intangibles, net			12,304			0			0			0			12,304
Other intangibles, net			0			33,412			13,551			1,729			48,692
Segment assets			15,622,344			226,135			60,218			28,955			15,937,652

Reconciliation of segment assets:
Elimination of intersegment cash and deposits															(102,001)
Total consolidated assets														$	15,835,651

^(a)	Other revenues includes $44 of unrealized loss on equity securities.

^(b)	The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intersegment expenses are included within the amounts shown.

^(c)	Other segment items for each reportable segment includes:

Banking and Corporate – FDIC insurance expense, office supplies and postage expense, fraud losses and other writedowns, education, recruiting and travel expense and various miscellaneous expenses partially offset by a benefit related to the non-service related components of the Company’s pension.

Employee Benefit Services – Certain intersegment technology and rent related overhead expense allocations, education, recruiting and travel expense, office supplies and postage expense and various miscellaneous expenses partially offset by a benefit related to the non-service related components of the Company’s pension.

Insurance Services – Education, recruiting and travel expense, certain intersegment technology and rent related overhead expense allocations and various miscellaneous expenses partially offset by a benefit related to the non-service related components of the Company’s pension.

Wealth Management Services – Education, recruiting and travel expense, certain intersegment technology and rent related overhead expense allocations and various miscellaneous expenses partially offset by a benefit related to the non-service related components of the Company’s pension.

^(d)	The amount of depreciation disclosed by reportable segment is included within the data processing and communications and occupancy and equipment expense captions.