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Segment Reporting
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting
15.
Segment Reporting

Historically, the Company has operated as a single reportable segment, providing a full range of banking services to retail and commercial customers. However, in accordance with ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, and as the Bank has grown, management reassessed its operating segment structure to enhance transparency in how financial performance is evaluated and resources are allocated by the chief operating decision maker (“CODM”). The updated guidance enhances disclosures by requiring more detailed information on segment profitability and certain key performance metrics used by management. Segments are components of an enterprise that are regularly evaluated by the CODM to allocate resources and assess performance. The Company’s CODM is its Chief Executive Officer.
As a result of this reassessment, beginning with the fiscal year ended December 31, 2024, the Company has determined that it now operates through two reportable segments:
Banking - Provides commercial banking, retail banking, and wealth management services primarily to customers in its market area, offering a broad array of banking and financial services to retail, commercial, and municipal customers. Included in Banking are the revenue and expenses from the wealth management business and the parent holding company. The parent company’s principal activities include the direct and indirect ownership of banking and non-banking subsidiaries, as well as the issuance of debt and equity. The parent company’s principal sources of revenue are the management fees and dividends it receives from its subsidiaries. Banking also includes corporate shared service costs such as the majority of equity compensation expense, as well as other general and administrative shared services costs including pension, retirement plan and supplemental retirement plan costs. Currently there is no allocation of these costs to other operating segments.
Retirement Plan Administration - Includes retirement plan and health savings account recordkeeping and administration, investment management, third-party administration, and actuarial services.
Our CODM reviews actual net income versus budgeted net income to assess segment performance and to make decisions about allocating capital and personnel to the segments. The CODM regularly receives expense information at a level consistent with that disclosed in the Company’s consolidated statements of income.
Reported segments and their financial information are not necessarily comparable to similar information reported by other financial institutions. Additionally, due to interrelationships among the various segments, the information presented is not indicative of how the segments would perform as independent entities. Changes in management structure, allocation methodologies, or procedures may result in future revisions to previously reported segment financial data.
For the three and nine months ended September 30, 2024, the Company only disclosed one reportable segment, as operations were assessed on a consolidated basis. Accordingly, prior year segment data has been retrospectively adjusted to conform to the current period presentation. The Company will continue to evaluate its segment disclosures in accordance with ASU 2023-07 and make necessary adjustments as business operations evolve.

Information about reportable segments and reconciliation of the information to the consolidated financial statements follows:
   
Three Months Ended September 30, 2025
  
(In thousands)
  
Banking
    
Retirement
Plan
Administration
    
All Other(1)
    
Consolidated
  
Net interest income
  
$
134,643
    
$
20
    
$
-
    
$
134,663
  
Provision for loan losses
    
3,100
      
-
      
-
      
3,100
  
Net interest income after provision for loan losses
  
$
131,543
    
$
20
    
$
-
    
$
131,563
  
Noninterest income
                                
Service charges on deposit accounts
  
$
5,100
    
$
-
    
$
-
    
$
5,100
  
Card services income
    
6,389
      
-
      
-
      
6,389
  
Retirement plan administration fees
    
-
      
16,371
      
(458
)
    
15,913
  
Wealth management
    
10,592
      
507
      
4
      
11,103
  
Insurance services
    
-
      
-
      
5,260
      
5,260
  
Bank owned life insurance income
    
3,240
      
-
      
-
      
3,240
  
Net securities (losses) gains
   
(2
)
    
-
      
-
      
(2
)
Other
    
6,201
      
737
      
(2,536
)
    
4,402
  
Total noninterest income
  
$
31,520
    
$
17,615
    
$
2,270
    
$
51,405
  
Noninterest expense
                                
Salaries and employee benefits
  
$
55,447
    
$
8,283
    
$
2,906
    
$
66,636
  
Technology and data services
    
10,767
      
245
      
168
      
11,180
  
Occupancy
    
8,742
      
236
      
75
      
9,053
  
Professional fees and outside services
    
5,826
      
545
      
(430
)
    
5,941
  
Office supplies and postage
    
1,936
      
123
      
14
      
2,073
  
FDIC assessment
    
2,262
      
-
      
-
      
2,262
  
Advertising
    
831
      
-
      
2
      
833
  
Amortization of intangible assets
    
2,899
      
475
      
55
      
3,429
  
Loan collection and other real estate owned, net
    
719
      
-
      
-
      
719
  
Acquisition expenses
    
1,125
      
-
      
-
      
1,125
  
Other
    
10,007
      
237
      
(2,352
)
    
7,892
  
Total noninterest expense
  
$
100,561
    
$
10,144
    
$
438
    
$
111,143
  
Income before income tax expense
  
$
62,502
    
$
7,491
    
$
1,832
    
$
71,825
  
Income tax expense
    
15,719
      
1,635
      
-
      
17,354
  
Net income
  
$
46,783
    
$
5,856
    
$
1,832
    
$
54,471
  
Goodwill
  
$
415,659
    
$
23,877
    
$
14,536
    
$
454,072
  
Intangible assets, net
    
53,886
      
6,029
      
1,103
      
61,018
  
Total assets
    
18,035,279
      
52,921
      
(1,975,616
)
    
16,112,584
  

(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.

   
Three Months Ended September 30, 2024
  
(In thousands)
  
Banking
    
Retirement
Plan
Administration
    
All Other(1)
    
Consolidated
  
Net interest income
  
$
101,649
    
$
20
    
$
-
    
$
101,669
  
Provision for loan losses
    
2,920
      
-
      
-
      
2,920
  
Net interest income after provision for loan losses
  
$
98,729
    
$
20
    
$
-
    
$
98,749
  
Noninterest income
                                
Service charges on deposit accounts
  
$
4,340
    
$
-
    
$
-
    
$
4,340
  
Card services income
    
5,897
      
-
      
-
      
5,897
  
Retirement plan administration fees
    
-
      
14,983
      
(405
)
    
14,578
  
Wealth management
    
10,384
      
534
      
11
      
10,929
  
Insurance services
    
-
      
-
      
4,913
      
4,913
  
Bank owned life insurance income
    
1,868
      
-
      
-
      
1,868
  
Net securities gains (losses)
    
476
   
-
      
-
      
476
Other
    
4,603
      
138
      
(1,968
)
    
2,773
  
Total noninterest income
  
$
27,568
    
$
15,655
    
$
2,551
    
$
45,774
  
Noninterest expense
                                
Salaries and employee benefits
  
$
48,773
    
$
8,070
    
$
2,798
    
$
59,641
  
Technology and data services
    
9,508
      
261
      
151
      
9,920
  
Occupancy
    
7,432
      
251
      
71
      
7,754
  
Professional fees and outside services
    
4,752
      
467
      
(348
)
    
4,871
  
Office supplies and postage
    
1,649
      
82
      
25
      
1,756
  
FDIC assessment
    
1,815
      
-
      
-
      
1,815
  
Advertising
    
661
      
37
      
13
      
711
  
Amortization of intangible assets
    
1,562
      
440
      
60
      
2,062
  
Loan collection and other real estate owned, net
    
560
      
-
      
-
      
560
  
Acquisition expenses
    
543
      
-
      
-
      
543
  
Other
    
7,617
      
248
      
(1,753
)
    
6,112
  
Total noninterest expense
  
$
84,872
    
$
9,856
    
$
1,017
    
$
95,745
  
Income before income tax expense
  
$
41,425
    
$
5,819
    
$
1,534
    
$
48,778
  
Income tax expense
    
9,250
      
1,242
      
189
      
10,681
  
Net income
  
$
32,175
    
$
4,577
    
$
1,345
    
$
38,097
  
Goodwill
  
$
324,250
    
$
23,224
    
$
14,536
    
$
362,010
  
Intangible assets, net
    
29,062
      
5,448
      
1,333
      
35,843
  
Total assets
    
15,524,898
      
47,881
      
(1,733,227
)
    
13,839,552
  

(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.

   
Nine Months Ended September 30, 2025
  
(In thousands)
  
Banking
    
Retirement
Plan
Administration
    
All Other(1)
    
Consolidated
  
Net interest income
  
$
366,050
    
$
56
    
$
-
    
$
366,106
  
Provision for loan losses
    
28,489
      
-
      
-
      
28,489
  
Net interest income after provision for loan losses
  
$
337,561
    
$
56
    
$
-
    
$
337,617
  
Noninterest income
                                
Service charges on deposit accounts
  
$
13,921
    
$
-
    
$
-
    
$
13,921
  
Card services income
    
17,783
      
-
      
-
      
17,783
  
Retirement plan administration fees
    
-
      
48,708
      
(1,227
)
    
47,481
  
Wealth management
    
31,082
      
1,622
      
23
      
32,727
  
Insurance services
    
1
      
-
      
14,117
      
14,118
  
Bank owned life insurance income
    
8,817
      
-
      
-
      
8,817
  
Net securities gains (losses)
    
6
      
-
      
-
      
6
  
Other
    
16,832
      
1,037
      
(6,933
)
    
10,936
  
Total noninterest income
  
$
88,442
    
$
51,367
    
$
5,980
    
$
145,789
  
Noninterest expense
                                
Salaries and employee benefits
  
$
157,654
    
$
25,437
    
$
8,394
    
$
191,485
  
Technology and data services
    
30,909
      
818
      
495
      
32,222
  
Occupancy
    
26,121
      
788
      
209
      
27,118
  
Professional fees and outside services
    
15,492
      
1,570
      
(1,148
)
    
15,914
  
Office supplies and postage
    
5,600
      
243
      
43
      
5,886
  
FDIC assessment
    
5,776
      
-
      
-
      
5,776
  
Advertising
    
2,901
      
40
      
4
      
2,945
  
Amortization of intangible assets
    
6,907
      
1,504
      
171
      
8,582
  
Loan collection and other real estate owned, net
    
1,867
      
-
      
-
      
1,867
  
Acquisition expenses
    
19,526
      
-
      
-
      
19,526
  
Other
    
28,231
      
745
      
(6,644
)
    
22,332
  
Total noninterest expense
  
$
300,984
    
$
31,145
    
$
1,524
    
$
333,653
  
Income before income tax expense
  
$
125,019
    
$
20,278
    
$
4,456
    
$
149,753
  
Income tax expense
    
31,687
      
4,340
      
-
      
36,027
  
Net income
  
$
93,332
    
$
15,938
    
$
4,456
    
$
113,726
  
Goodwill
  
$
415,659
    
$
23,877
    
$
14,536
    
$
454,072
  
Intangible assets, net
    
53,886
      
6,029
      
1,103
      
61,018
  
Total assets
    
18,035,279
      
52,921
      
(1,975,616
)
    
16,112,584
  

(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. 

   
Nine Months Ended September 30, 2024
  
(In thousands)
  
Banking
    
Retirement
Plan
Administration
    
All Other(1)
    
Consolidated
  
Net interest income
  
$
293,962
    
$
55
    
$
-
    
$
294,017
  
Provision for loan losses
    
17,398
      
-
      
-
      
17,398
  
Net interest income after provision for loan losses
  
$
276,564
    
$
55
    
$
-
    
$
276,619
  
Noninterest income
                                
Service charges on deposit accounts
  
$
12,676
    
$
-
    
$
-
    
$
12,676
  
Card services income
    
16,679
      
-
      
-
      
16,679
  
Retirement plan administration fees
    
-
      
44,790
      
(1,127
)
    
43,663
  
Wealth management
    
29,231
      
1,531
      
37
      
30,799
  
Insurance services
    
1
      
-
      
13,148
      
13,149
  
Bank owned life insurance income
    
6,054
      
-
      
-
      
6,054
  
Net securities gains (losses)
    
2,567
      
-
      
-
      
2,567
  
Other
    
15,061
      
403
      
(6,653
)
    
8,811
  
Total noninterest income
  
$
82,269
    
$
46,724
    
$
5,405
    
$
134,398
  
Noninterest expense
                                
Salaries and employee benefits
  
$
138,247
    
$
24,330
    
$
8,161
    
$
170,738
  
Technology and data services
    
27,601
      
821
      
497
      
28,919
  
Occupancy
    
22,521
      
815
      
187
      
23,523
  
Professional fees and outside services
    
13,991
      
1,312
      
(1,014
)
    
14,289
  
Office supplies and postage
    
5,117
      
255
      
53
      
5,425
  
FDIC assessment
    
5,217
      
-
      
-
      
5,217
  
Advertising
    
2,316
      
64
      
16
      
2,396
  
Amortization of intangible assets
    
4,910
      
1,359
      
94
      
6,363
  
Loan collection and other real estate owned, net
    
1,828
      
-
      
-
      
1,828
  
Acquisition expenses
    
543
      
-
      
-
      
543
  
Other
    
23,244
      
825
      
(6,204
)
    
17,865
  
Total noninterest expense
  
$
245,535
    
$
29,781
    
$
1,790
    
$
277,106
  
Income before income tax expense
  
$
113,298
    
$
16,998
    
$
3,615
    
$
133,911
  
Income tax expense
    
25,251
      
3,668
      
356
      
29,275
  
Net income
  
$
88,047
    
$
13,330
    
$
3,259
    
$
104,636
  
Goodwill
  
$
324,250
    
$
23,224
    
$
14,536
    
$
362,010
  
Intangible assets, net
    
29,062
      
5,448
      
1,333
      
35,843
  
Total assets
    
15,524,898
      
47,881
      
(1,733,227
)
    
13,839,552
  

(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.