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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table represents segment information for the three and six months ended June 30, 2025 and 2024 (in thousands):
| Three months ended June 30, |  | Six months ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Interest income on loans | $ | 282,110 |  |  | 223,201 |  |  | 555,141 |  |  | 371,280 |
Interest income on cash and debt securities | 34,198 |  |  | 24,610 |  |  | 66,513 |  |  | 40,390 |
Total interest income | 316,308 |  |  | 247,811 |  |  | 621,654 |  |  | 411,670 |
Total interest expense | 129,214 |  |  | 106,305 |  |  | 252,832 |  |  | 176,494 |
Net interest income | 187,094 |  |  | 141,506 |  |  | 368,822 |  |  | 235,176 |
Provision for credit losses | (2,888) |  |  | 69,705 |  |  | (2,250) |  |  | 69,385 |
Net interest income after provision | 189,982 |  |  | 71,801 |  |  | 371,072 |  |  | 165,791 |
Non-interest income: |  |  |  |  |  |  |
Wealth management income | 6,948 |  |  | 7,769 |  |  | 14,275 |  |  | 15,257 |
Insurance Agency Income | 4,942 |  |  | 4,488 |  |  | 10,593 |  |  | 9,281 |
Other non-interest income (1) | 15,185 |  |  | 10,018 |  |  | 29,237 |  |  | 18,543 |
Total non-interest income | 27,075 |  |  | 22,275 |  |  | 54,105 |  |  | 43,081 |
Non-interest expense: |  |  |  |  |  |  |
Compensation and employee benefits | 63,249 |  |  | 54,888 |  |  | 125,615 |  |  | 94,936 |
Net occupancy expense | 13,011 |  |  | 11,142 |  |  | 26,938 |  |  | 19,662 |
Data processing expense | 9,599 |  |  | 8,433 |  |  | 19,203 |  |  | 15,217 |
Other non-interest expense (2) | 28,755 |  |  | 40,931 |  |  | 59,125 |  |  | 57,406 |
Total non-interest expense | 114,614 |  |  | 115,394 |  |  | 230,881 |  |  | 187,221 |
Income tax expense | 30,462 |  |  | (9,833) |  |  | 58,287 |  |  | 1,055 |
Net income | $ | 71,981 |  |  | (11,485) |  |  | 136,009 |  |  | 20,596 |
(1) Other non-interest income items include fees and commissions, BOLI and other miscellaneous income. (2) Other non-interest expense items include merger-related expenses in the prior year, amortization of intangibles and other miscellaneous expenses.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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