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Segment Reporting | 6 Months Ended
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Jun. 30, 2025
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 Company's Chief Operating Decision Maker ("CODM") is the President and Chief Executive Officer. The CODM 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 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. Our segment assets represent our total assets as presented on the Consolidated Statements of Financial Position.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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