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v3.25.0.1

Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Information about Reportable Segments | Information about reportable segments and reconciliation of the information to the consolidated financial statements follows:
|  | December 31, 2024 |
(In thousands) |  | Banking |  |  | Retirement Plan Administration |  |  | All Other(1) |  |  | Consolidated |
Net interest income |  | $ | 400,048 |  |  | $ | 74 |  |  | $ | - |  |  | $ | 400,122 |
Provision for loan losses |  |  | 19,607 |  |  |  | - |  |  |  | - |  |  |  | 19,607 |
Net interest income after provision for loan losses |  | $ | 380,441 |  |  | $ | 74 |  |  | $ | - |  |  | $ | 380,515 |
Noninterest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service charges on deposit accounts |  | $ | 17,087 |  |  | $ | - |  |  | $ | - |  |  | $ | 17,087 |
Card services income |  |  | 22,331 |  |  |  | - |  |  |  | - |  |  |  | 22,331 |
Retirement plan administration fees |  |  | - |  |  |  | 58,099 |  |  |  | (1,512 | ) |  |  | 56,587 |
Wealth management |  |  | 39,502 |  |  |  | 2,092 |  |  |  | 47 |  |  |  | 41,641 |
Insurance services |  |  | 1 |  |  |  | - |  |  |  | 17,031 |  |  |  | 17,032 |
Bank owned life insurance income |  |  | 8,325 |  |  |  | - |  |  |  | - |  |  |  | 8,325 |
Net securities gains (losses) |  |  | 2,789 |  |  |  | - |  |  |  | - |  |  |  | 2,789 |
Other |  |  | 19,091 |  |  |  | 527 |  |  |  | (8,586 | ) |  |  | 11,032 |
Total noninterest income |  | $ | 109,126 |  |  | $ | 60,718 |  |  | $ | 6,980 |  |  | $ | 176,824 |
Noninterest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  | $ | 188,157 |  |  | $ | 33,405 |  |  | $ | 10,925 |  |  | $ | 232,487 |
Technology and data services |  |  | 37,365 |  |  |  | 1,112 |  |  |  | 662 |  |  |  | 39,139 |
Occupancy |  |  | 29,985 |  |  |  | 1,067 |  |  |  | 257 |  |  |  | 31,309 |
Professional fees and outside services |  |  | 18,611 |  |  |  | 1,826 |  |  |  | (1,305 | ) |  |  | 19,132 |
Office supplies and postage |  |  | 7,020 |  |  |  | 437 |  |  |  | 68 |  |  |  | 7,525 |
FDIC assessment |  |  | 6,765 |  |  |  | - |  |  |  | - |  |  |  | 6,765 |
Advertising |  |  | 3,312 |  |  |  | 52 |  |  |  | 22 |  |  |  | 3,386 |
Amortization of intangible assets |  |  | 6,419 |  |  |  | 1,871 |  |  |  | 153 |  |  |  | 8,443 |
Loan collection and other real estate owned, net |  |  | 2,505 |  |  |  | - |  |  |  | - |  |  |  | 2,505 |
Acquisition expenses |  |  | 1,531 |  |  |  | - |  |  |  | - |  |  |  | 1,531 |
Other |  |  | 32,594 |  |  |  | 1,138 |  |  |  | (8,073 | ) |  |  | 25,659 |
Total noninterest expense |  | $ | 334,264 |  |  | $ | 40,908 |  |  | $ | 2,709 |  |  | $ | 377,881 |
Income before income tax expense |  | $ | 155,303 |  |  | $ | 19,884 |  |  | $ | 4,271 |  |  | $ | 179,458 |
Income tax expense |  |  | 34,117 |  |  |  | 4,293 |  |  |  | 407 |  |  |  | 38,817 |
Net income |  | $ | 121,186 |  |  | $ | 15,591 |  |  | $ | 3,864 |  |  | $ | 140,641 |
Goodwill |  | $ | 324,250 |  |  | $ | 23,877 |  |  | $ | 14,536 |  |  | $ | 362,663 |
Intangible assets, net |  |  | 27,553 |  |  |  | 7,533 |  |  |  | 1,274 |  |  |  | 36,360 |
Total assets |  |  | 15,475,117 |  |  |  | 53,584 |  |  |  | (1,742,035 | ) |  |  | 13,786,666 |
(1) | Included in All Other is the revenue and expenses from certain other non-bank subsidiaries of the parent, including the insurance subsidiary, along with eliminating amounts that do not meet the definition of an operating segment.
|  | December 31, 2023 |
(In thousands) |  | Banking |  |  | Retirement Plan Administration |  |  | All Other(1) |  |  | Consolidated |
Net interest income |  | $ | 378,165 |  |  | $ | 54 |  |  | $ | - |  |  | $ | 378,219 |
Provision for loan losses |  |  | 25,274 |  |  |  | - |  |  |  | - |  |  |  | 25,274 |
Net interest income after provision for loan losses |  | $ | 352,891 |  |  | $ | 54 |  |  | $ | - |  |  | $ | 352,945 |
Noninterest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service charges on deposit accounts |  | $ | 15,425 |  |  | $ | - |  |  | $ | - |  |  | $ | 15,425 |
Card services income |  |  | 20,829 |  |  |  | - |  |  |  | - |  |  |  | 20,829 |
Retirement plan administration fees |  |  | - |  |  |  | 48,579 |  |  |  | (1,358 | ) |  |  | 47,221 |
Wealth management |  |  | 32,770 |  |  |  | 1,952 |  |  |  | 41 |  |  |  | 34,763 |
Insurance services |  |  | 2 |  |  |  | - |  |  |  | 15,665 |  |  |  | 15,667 |
Bank owned life insurance income |  |  | 6,750 |  |  |  | - |  |  |  | - |  |  |  | 6,750 |
Net securities gains (losses) |  |  | (9,315 | ) |  |  | - |  |  |  | - |  |  |  | (9,315 | )
Other |  |  | 19,882 |  |  |  | 657 |  |  |  | (9,701 | ) |  |  | 10,838 |
Total noninterest income |  | $ | 86,343 |  |  | $ | 51,188 |  |  | $ | 4,647 |  |  | $ | 142,178 |
Noninterest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  | $ | 154,972 |  |  | $ | 29,377 |  |  | $ | 9,901 |  |  | $ | 194,250 |
Technology and data services |  |  | 36,428 |  |  |  | 1,135 |  |  |  | 600 |  |  |  | 38,163 |
Occupancy |  |  | 27,097 |  |  |  | 1,048 |  |  |  | 263 |  |  |  | 28,408 |
Professional fees and outside services |  |  | 16,879 |  |  |  | 1,899 |  |  |  | (1,177 | ) |  |  | 17,601 |
Office supplies and postage |  |  | 6,460 |  |  |  | 372 |  |  |  | 85 |  |  |  | 6,917 |
FDIC assessment |  |  | 6,257 |  |  |  | - |  |  |  | - |  |  |  | 6,257 |
Advertising |  |  | 2,903 |  |  |  | 38 |  |  |  | 113 |  |  |  | 3,054 |
Amortization of intangible assets |  |  | 3,053 |  |  |  | 1,603 |  |  |  | 78 |  |  |  | 4,734 |
Loan collection and other real estate owned, net |  |  | 2,618 |  |  |  | - |  |  |  | - |  |  |  | 2,618 |
Acquisition expenses |  |  | 9,978 |  |  |  | - |  |  |  | - |  |  |  | 9,978 |
Other |  |  | 37,801 |  |  |  | 1,005 |  |  |  | (9,122 | ) |  |  | 29,684 |
Total noninterest expense |  | $ | 304,446 |  |  | $ | 36,477 |  |  | $ | 741 |  |  | $ | 341,664 |
Income before income tax expense |  | $ | 134,788 |  |  | $ | 14,765 |  |  | $ | 3,906 |  |  | $ | 153,459 |
Income tax expense |  |  | 31,038 |  |  |  | 3,065 |  |  |  | 574 |  |  |  | 34,677 |
Net income |  | $ | 103,750 |  |  | $ | 11,700 |  |  | $ | 3,332 |  |  | $ | 118,782 |
Goodwill |  | $ | 324,250 |  |  | $ | 23,224 |  |  | $ | 14,377 |  |  | $ | 361,851 |
Intangible assets, net |  |  | 33,972 |  |  |  | 6,114 |  |  |  | 357 |  |  |  | 40,443 |
Total assets |  |  | 14,905,900 |  |  |  | 36,553 |  |  |  | (1,633,413 | ) |  |  | 13,309,040 |
(1) | Included in All Other is the revenue and expenses from certain other non-bank subsidiaries of the parent, including the insurance subsidiary, along with eliminating amounts that do not meet the definition of an operating segment.
|  | December 31, 2022 |
(In thousands) |  | Banking |  |  | Retirement Plan Administration |  |  | All Other(1) |  |  | Consolidated |
Net interest income |  | $ | 362,179 |  |  | $ | 11 |  |  | $ | - |  |  | $ | 362,190 |
Provision for loan losses |  |  | 17,147 |  |  |  | - |  |  |  | - |  |  |  | 17,147 |
Net interest income after provision for loan losses |  | $ | 345,032 |  |  | $ | 11 |  |  | $ | - |  |  | $ | 345,043 |
Noninterest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service charges on deposit accounts |  | $ | 14,630 |  |  | $ | - |  |  | $ | - |  |  | $ | 14,630 |
Card services income |  |  | 29,058 |  |  |  | - |  |  |  | - |  |  |  | 29,058 |
Retirement plan administration fees |  |  | - |  |  |  | 49,291 |  |  |  | (1,179 | ) |  |  | 48,112 |
Wealth management |  |  | 31,309 |  |  |  | 1,958 |  |  |  | 44 |  |  |  | 33,311 |
Insurance services |  |  | 2 |  |  |  | - |  |  |  | 14,694 |  |  |  | 14,696 |
Bank owned life insurance income |  |  | 6,044 |  |  |  | - |  |  |  | - |  |  |  | 6,044 |
Net securities gains (losses) |  |  | (1,131 | ) |  |  | - |  |  |  | - |  |  |  | (1,131 | )
Other |  |  | 14,753 |  |  |  | 491 |  |  |  | (4,386 | ) |  |  | 10,858 |
Total noninterest income |  | $ | 94,665 |  |  | $ | 51,740 |  |  | $ | 9,173 |  |  | $ | 155,578 |
Noninterest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  | $ | 151,521 |  |  | $ | 26,870 |  |  | $ | 9,439 |  |  | $ | 187,830 |
Technology and data services |  |  | 34,024 |  |  |  | 1,212 |  |  |  | 476 |  |  |  | 35,712 |
Occupancy |  |  | 25,068 |  |  |  | 959 |  |  |  | 255 |  |  |  | 26,282 |
Professional fees and outside services |  |  | 16,047 |  |  |  | 1,794 |  |  |  | (1,031 | ) |  |  | 16,810 |
Office supplies and postage |  |  | 5,716 |  |  |  | 355 |  |  |  | 69 |  |  |  | 6,140 |
FDIC assessment |  |  | 3,197 |  |  |  | - |  |  |  | - |  |  |  | 3,197 |
Advertising |  |  | 2,657 |  |  |  | 34 |  |  |  | 131 |  |  |  | 2,822 |
Amortization of intangible assets |  |  | 583 |  |  |  | 1,617 |  |  |  | 63 |  |  |  | 2,263 |
Loan collection and other real estate owned, net |  |  | 2,647 |  |  |  | - |  |  |  | - |  |  |  | 2,647 |
Acquisition expenses |  |  | 967 |  |  |  | - |  |  |  | - |  |  |  | 967 |
Other |  |  | 22,681 |  |  |  | 1,058 |  |  |  | (3,944 | ) |  |  | 19,795 |
Total noninterest expense |  | $ | 265,108 |  |  | $ | 33,899 |  |  | $ | 5,458 |  |  | $ | 304,465 |
Income before income tax expense |  | $ | 174,589 |  |  | $ | 17,852 |  |  | $ | 3,715 |  |  | $ | 196,156 |
Income tax expense |  |  | 40,054 |  |  |  | 3,619 |  |  |  | 488 |  |  |  | 44,161 |
Net income |  | $ | 134,535 |  |  | $ | 14,233 |  |  | $ | 3,227 |  |  | $ | 151,995 |
Goodwill |  | $ | 244,509 |  |  | $ | 22,318 |  |  | $ | 14,377 |  |  | $ | 281,204 |
Intangible assets, net |  |  | 1,183 |  |  |  | 5,873 |  |  |  | 285 |  |  |  | 7,341 |
Total assets |  |  | 13,067,505 |  |  |  | 45,917 |  |  |  | (1,374,126 | ) |  |  | 11,739,296 |
(1) | Included in All Other is the revenue and expenses from certain other non-bank subsidiaries of the parent, including the insurance subsidiary, along with eliminating amounts that do not meet the definition of an operating segment.

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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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