XML 55 R42.htm IDEA: XBRL DOCUMENT v3.25.3

OPERATING SEGMENTS AND RELATED INFORMATION (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2025
(dollars in thousands)						Banking						Wealth Management						FirsTech						Other						Total
Goodwill						$	360,223					$	14,108					$	8,992					$	—					$	383,323
Total assets						17,972,441						144,882						45,909						25,396						18,188,628

						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 September 30, 2025
(dollars in thousands)						Banking						Wealth Management						FirsTech						Other						Total
Interest income						$	244,504					$	—					$	—					$	1					$	244,505
Intersegment interest income						—						—						16						(16)						—
Interest expense						86,524						—						—						2,844						89,368
Intersegment interest expense						951						—						—						(951)						—
Net interest income						157,029						—						16						(1,908)						155,137
Provision for credit losses						(985)						—						—						—						(985)
Net interest income after provision for credit losses						158,014						—						16						(1,908)						156,122
Noninterest income
Wealth management fees						—						17,184						—						—						17,184
Payment technology solutions						—						—						5,092						—						5,092
Treasury management services						4,598						—						—						—						4,598
Card services and ATM fees						4,799						—						—						—						4,799
Other service charges on deposit accounts						1,617						—						—						—						1,617
All other noninterest income						5,957						183						(4)						1,772						7,908
Intersegment noninterest income						564						—						443						(1,007)						—
Noninterest income						17,535						17,367						5,531						765						41,198
Revenue						174,564						17,367						5,547						(1,143)						196,335
Noninterest expense
Salaries, wages, and employee benefits						53,264						7,576						2,620						10,685						74,145
Data processing						8,062						658						931						63						9,714
Amortization of intangible assets						4,292						215						—						—						4,507
Interchange expense						—						—						1,336						—						1,336
All other noninterest expense						26,706						562						674						2,374						30,316
Intersegment noninterest expense						4,346						885						404						(5,635)						—
Noninterest expense						96,670						9,896						5,965						7,487						120,018
Income (loss) before income taxes						78,879						7,471						(418)						(8,630)						77,302
Income taxes						21,283						1,793						(112)						(2,760)						20,204
Net income						$	57,596					$	5,678					$	(306)					$	(5,870)					$	57,098

						Three Months Ended September 30, 2024
(dollars in thousands)						Banking						Wealth Management						FirsTech						Other						Total
Interest income						$	134,598					$	—					$	—					$	8					$	134,606
Intersegment interest income						—						—						12						(12)						—
Interest expense						47,611						—						—						4,348						51,959
Intersegment interest expense						457						—						—						(457)						—
Net interest income						86,530						—						12						(3,895)						82,647
Provision for credit losses						409						—						—						—						409
Net interest income after provision for credit losses						86,121						—						12						(3,895)						82,238
Noninterest income
Wealth management fees						—						15,378						—						—						15,378
Payment technology solutions						—						—						5,265						—						5,265
Treasury management services						2,201						—						—						—						2,201
Card services and ATM fees						3,557						—						—						—						3,557
Other service charges on deposit accounts						2,390						—						—						—						2,390
All other noninterest income						5,431						791						(1)						833						7,054
Intersegment noninterest income						372						—						286						(658)						—
Noninterest income						13,951						16,169						5,550						175						35,845
Revenue						100,481						16,169						5,562						(3,720)						118,492
Noninterest expense
Salaries, wages, and employee benefits						29,615						6,606						2,357						6,015						44,593
Data processing						5,298						544						938						130						6,910
Amortization of intangible assets						2,268						280						—						—						2,548
Interchange expense						—						—						1,352						—						1,352
All other noninterest expense						16,273						573						639						2,631						20,116
Intersegment noninterest expense						2,879						774						361						(4,014)						—
Noninterest expense						56,333						8,777						5,647						4,762						75,519
Income (loss) before income taxes						43,739						7,392						(85)						(8,482)						42,564
Income taxes						10,518						1,774						(24)						(1,708)						10,560
Net income						$	33,221					$	5,618					$	(61)					$	(6,774)					$	32,004

						Nine Months Ended September 30, 2025
(dollars in thousands)						Banking						Wealth Management						FirsTech						Other						Total
Interest income						$	658,760					$	—					$	—					$	6					$	658,766
Intersegment interest income						—						—						46						(46)						—
Interest expense						235,288						—						—						11,427						246,715
Intersegment interest expense						2,308						—						—						(2,308)						—
Net interest income						421,164						—						46						(9,159)						412,051
Provision for credit losses						50,308						—						—						—						50,308
Net interest income after provision for credit losses						370,856						—						46						(9,159)						361,743
Noninterest income
Wealth management fees						—						51,325						—						—						51,325
Payment technology solutions						—						—						15,121						—						15,121
Treasury management services						12,596						—						—						—						12,596
Card services and ATM fees						13,388						—						—						—						13,388
Other service charges on deposit accounts						4,663						—						—						—						4,663
All other noninterest income						2,134						594						(6)						7,469						10,191
Intersegment noninterest income						1,232						—						1,217						(2,449)						—
Noninterest income						34,013						51,919						16,332						5,020						107,284
Revenue						455,177						51,919						16,378						(4,139)						519,335
Noninterest expense
Salaries, wages, and employee benefits						157,237						21,713						7,952						33,166						220,068
Data processing						28,392						1,873						2,790						255						33,310
Amortization of intangible assets						11,497						685						—						—						12,182
Interchange expense						—						—						3,976						—						3,976
All other noninterest expense						72,693						1,889						2,009						13,754						90,345
Intersegment noninterest expense						14,167						2,443						1,133						(17,743)						—
Noninterest expense						283,986						28,603						17,860						29,432						359,881
Income (loss) before income taxes						120,883						23,316						(1,482)						(33,571)						109,146
Income taxes						37,142						5,596						(393)						(7,711)						34,634
Net income						$	83,741					$	17,720					$	(1,089)					$	(25,860)					$	74,512

						Nine Months Ended September 30, 2024
(dollars in thousands)						Banking						Wealth Management						FirsTech						Other						Total
Interest income						$	392,336					$	—					$	—					$	29					$	392,365
Intersegment interest income						324						—						37						(361)						—
Interest expense						138,060						—						—						13,272						151,332
Intersegment interest expense						2,109						—						—						(2,109)						—
Net interest income						252,491						—						37						(11,495)						241,033
Provision for credit losses						6,677						—						—						—						6,677
Net interest income after provision for credit losses						245,814						—						37						(11,495)						234,356
Noninterest income
Wealth management fees						—						46,844						—						—						46,844
Payment technology solutions						—						—						16,889						—						16,889
Treasury management services						6,247						—						—						—						6,247
Card services and ATM fees						9,947						—						—						—						9,947
Other service charges on deposit accounts						7,059						—						—						—						7,059
All other noninterest income						15,414						1,145						(1)						917						17,475
Intersegment noninterest income						1,004						—						812						(1,816)						—
Noninterest income						39,671						47,989						17,700						(899)						104,461
Revenue						292,162						47,989						17,737						(12,394)						345,494
Noninterest expense
Salaries, wages, and employee benefits						87,358						19,831						7,277						15,695						130,161
Data processing						15,742						1,591						2,790						437						20,560
Amortization of intangible assets						6,705						881						—						—						7,586
Interchange expense						—						—						4,696						—						4,696
All other noninterest expense						49,954						2,079						1,822						6,014						59,869
Intersegment noninterest expense						8,605						2,322						1,081						(12,008)						—
Noninterest expense						168,364						26,704						17,666						10,138						222,872
Income (loss) before income taxes						117,121						21,285						71						(22,532)						115,945
Income taxes						30,711						5,108						18						(5,478)						30,359
Net income						$	86,410					$	16,177					$	53					$	(17,054)					$	85,586

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