XML 63 R42.htm IDEA: XBRL DOCUMENT v3.25.1

OPERATING SEGMENTS AND RELATED INFORMATION (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Information Relating to Operating Segments

Goodwill and total assets are summarized below by operating segment. The “other” category included in the tables below consists of the parent company and the elimination of intercompany transactions:

						As of March 31, 2025
(dollars in thousands)						Banking						Wealth Management						FirsTech						Other						Total
Goodwill						$	362,039					$	14,108					$	8,992					$	—					$	385,139
Total assets						19,271,919						130,700						46,188						15,445						19,464,252

						As of December 31, 2024
(dollars in thousands)						Banking						Wealth Management						FirsTech						Other						Total
Goodwill						$	310,595					$	14,108					$	8,992					$	—					$	333,695
Total assets						11,856,651						126,180						57,737						6,154						12,046,722

Financial results by operating segment, including significant expense categories provided to the chief operating decision maker, are summarized below:

						Three Months Ended March 31, 2025
(dollars in thousands)						Banking						Wealth Management						FirsTech						Other						Total
Interest income						$	166,812					$	—					$	—					$	3					$	166,815
Intersegment interest income						—						—						13						(13)						—
Interest expense						58,517						—						—						4,567						63,084
Intersegment interest expense						491						—						—						(491)						—
Net interest income						107,804						—						13						(4,086)						103,731
Provision for credit losses						42,452						—						—						—						42,452
Net interest income after provision for credit losses						65,352						—						13						(4,086)						61,279
Noninterest income
Wealth management fees						—						17,364						—						—						17,364
Fees for customer services						8,128						—						—						—						8,128
Payment technology solutions						—						—						5,073						—						5,073
All other noninterest income						(9,248)						202						(2)						(294)						(9,342)
Intersegment noninterest income						352						—						345						(697)						—
Noninterest income						(768)						17,566						5,416						(991)						21,223
Revenue						107,036						17,566						5,429						(5,077)						124,954
Noninterest expense
Salaries, wages, and employee benefits						46,726						7,031						2,481						11,325						67,563
Data processing						7,949						593						937						96						9,575
Amortization of intangible assets						2,841						242						—						—						3,083
Interchange expense						—						—						1,343						—						1,343
All other noninterest expense						22,966						737						617						9,287						33,607
Intersegment noninterest expense						4,665						780						369						(5,814)						—
Noninterest expense						85,147						9,383						5,747						14,894						115,171
Income (loss) before income taxes						(20,563)						8,183						(318)						(19,971)						(32,669)
Income taxes						(870)						1,964						(79)						(3,694)						(2,679)
Net income (loss)						$	(19,693)					$	6,219					$	(239)					$	(16,277)					$	(29,990)

						Three Months Ended March 31, 2024
(dollars in thousands)						Banking						Wealth Management						FirsTech						Other						Total
Interest income						$	125,810					$	—					$	—					$	10					$	125,820
Intersegment interest income						—						—						13						(13)						—
Interest expense						45,323						—						—						4,643						49,966
Intersegment interest expense						867						—						—						(867)						—
Net interest income						79,620						—						13						(3,779)						75,854
Provision for credit losses						5,038						—						—						—						5,038
Net interest income after provision for credit losses						74,582						—						13						(3,779)						70,816
Noninterest income
Wealth management fees						—						15,549						—						—						15,549
Fees for customer services						7,056						—						—						—						7,056
Payment technology solutions						—						—						5,709						—						5,709
All other noninterest income						6,013						163						—						423						6,599
Intersegment noninterest income						316						—						262						(578)						—
Noninterest income						13,385						15,712						5,971						(155)						34,913
Revenue						93,005						15,712						5,984						(3,934)						110,767
Noninterest expense
Salaries, wages, and employee benefits						27,361						6,759						2,449						5,521						42,090
Data processing						5,033						516						858						143						6,550
Amortization of intangible assets						2,102						307						—						—						2,409
Interchange expense						—						—						1,611						—						1,611
All other noninterest expense						15,014						780						585						1,730						18,109
Intersegment noninterest expense						2,877						774						363						(4,014)						—
Noninterest expense						52,387						9,136						5,866						3,380						70,769
Income (loss) before income taxes						35,580						6,576						118						(7,314)						34,960
Income taxes						9,088						1,578						32						(1,963)						8,735
Net income						$	26,492					$	4,998					$	86					$	(5,351)					$	26,225

X

- 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration