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Segment Reporting
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
We conduct our operations through a single business segment. Substantially all of our interest and fees on loans and long-lived assets relate to our operations. Pursuant to FASB ASC 280, Segment Reporting, operating segments represent components of an enterprise for which separate financial information is available that is regularly evaluated by the chief operating decision maker in determining how to allocate resources and in assessing performance. The chief operating decision maker uses a variety of measures to assess the performance of the business as a whole, depending on the nature of the activity. The Company generates revenue from several business channels. Those streams are organized by the types of partners we work with to reach our customers, with success principally measured based on interest and fees on loans, loan receivables, active accounts and other sales metrics. Detailed profitability information of the nature that could be used to allocate resources and assess the performance and operations for each sales platform individually, however, is not used by our chief operating decision maker. Expense activities, including funding costs, credit losses and operating expenses, are not measured for each platform but instead are managed for the Company as a whole.
The following table represents segment information for the years ended December 31, 2024, 2023 and 2022:
Years ended December 31,
202420232022
Interest income on loans$944,296 556,235 417,650 
Interest income on cash and debt securities101,842 59,585 48,531 
Total interest income1,046,138 615,820 466,181 
Total interest expense445,524 216,366 48,629 
Net interest income600,614 399,454 417,552 
Provision for credit losses87,564 28,168 5,004 
Net interest income after provision513,050 371,286 412,548 
Non interest income:
Wealth management income30,533 27,669 27,870 
Insurance Agency Income16,201 13,934 11,440 
Other non-interest income (1)
47,379 38,226 48,479 
Total non-interest income94,113 79,829 87,789 
Non interest expense:
Compensation and employee benefits218,341 148,497 147,203 
Net occupancy expense45,014 32,271 34,566 
Data processing expense35,579 22,993 21,729 
Other non interest expense (2)
158,614 71,575 56,733 
Total non-interest expense457,548 275,336 260,231 
Income tax expense34,090 47,381 64,458 
Net income$115,525 $128,398 $175,648 
(1) Other non-interest income items includes fees and commissions, BOLI and other miscellaneous income.
(2) Other non-interest expense items includes merger-related expenses, amortization of intangibles and other miscellaneous expenses.
Our segment assets represent our total assets as presented on the Consolidated Statements of Financial Position.