XML 35 R24.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Reporting
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting Disclosure SEGMENT REPORTING
The Company provides banking and treasury management services to small-, middle-market, and venture-backed businesses. The principal business activities of the Company are gathering deposits, originating and servicing loans and leases and investing in investment securities. The Company's CODM is the Chief Executive Officer.
The Company operates as one reportable segment - Commercial Banking - based on how the CODM manages the business activities, which are described above. The CODM uses net earnings to evaluate income generated from segment assets, assess performance, decide how to allocate resources, determine dividend availability, establish management's compensation, and guide other strategic decisions. The accounting policies of the Commercial Banking segment are the same as those described in Note 1. Nature of Operations and Summary of Significant Accounting Policies, of our audited consolidated financial statements included in our Form 10-K. Additionally, the Company does not have intra-entity sales or transfers.
The following presents our operating segment income statement, including significant expense categories, regularly reviewed by the CODM, and the reconciliation of segment net earnings to consolidated net earnings for the periods indicated:

Three Months Ended
Income Statement March 31,December 31,March 31,
Commercial Banking Segment202520242024
(Unaudited)
 (In thousands)
Total interest income$406,655 $424,519 $478,704 
Total interest expense174,291 189,234 249,602 
Net interest income232,364 235,285 229,102 
Provision for credit losses9,300 12,801 10,000 
Net interest income after provision for credit losses223,064 222,484 219,102 
Noninterest income33,650 28,989 33,816 
Noninterest expense:
Compensation86,417 77,661 92,236 
Customer related expense27,751 31,672 30,919 
Insurance and assessments7,283 11,179 20,461 
Occupancy15,010 15,678 17,968 
Information technology and data processing15,099 14,546 15,418 
Intangible asset amortization7,160 7,770 8,404 
Leased equipment depreciation6,741 7,096 7,520 
Other professional services4,513 5,498 5,075 
Loan expense2,930 4,489 4,491 
Acquisition, integration and reorganization costs— (1,023)— 
Other expense(1)
10,749 6,804 8,026 
Total noninterest expense183,653 181,370 210,518 
Earnings before income taxes73,061 70,103 42,400 
Income tax expense19,493 13,184 11,548 
Segment net earnings(2)
$53,568 $56,919 $30,852 
_________________________
(1)     Includes business development expense, communications expense, stationery and supplies, employee related expenses, operating and other losses, OREO expenses, and other corporate overhead and operating expenses.
(2)     Segment earnings is the same as net earnings reported on the condensed consolidated statements of earnings.
The following presents our operating segment balance sheet information and the reconciliation of segment assets to consolidated total assets as of the dates indicated:
Balance Sheet Data March 31,December 31,
Commercial Banking Segment20252024
(In thousands)
Segment total assets (1)
$33,779,918 $33,542,864 
_________________________
(1)    Segment total assets is the same as total assets reported on the condensed consolidated balance sheets.