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BUSINESS SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Following are the results of operations and the selected financial information by operating segment for the quarters and nine-month periods ended September 30, 2025 and 2024:

			Quarter Ended September 30, 2025
			Banking						Wealth Management						Treasury						Total Major Segments						Eliminations						Consolidated Total
			(In thousands)
Interest income			$	163,168					$	5					$	38,422					$	201,595					$	(1,450)					$	200,145
Interest expense			(37,346)						—						(9,525)						(46,871)						1,450						(45,421)
Net interest income			125,822						5						28,897						154,724						—						154,724
Provision for credit losses			(28,216)						—						(42)						(28,258)						—						(28,258)
Non-interest income, net			20,232						9,276						1,945						31,453						—						31,453
Non-interest expenses [1]:
Compensation and employee benefits			(37,048)						(2,520)						(268)						(39,836)						—						(39,836)
Occupancy, equipment and infrastructure costs			(9,518)						(179)						(19)						(9,716)						—						(9,716)
Depreciation and amortization of premises and equipment			(5,260)						(13)						(5)						(5,278)						—						(5,278)
Electronic banking charges			(12,657)						—						—						(12,657)						—						(12,657)
Information technology expenses			(6,749)						(50)						(6)						(6,805)						—						(6,805)
Professional and service fees			(4,677)						(690)						31						(5,336)						—						(5,336)
Loan servicing and clearing expenses			(1,750)						(412)						(126)						(2,288)						—						(2,288)
Amortization of other intangible assets			(288)						—						—						(288)						—						(288)
Intersegment expenses			1,183						(614)						(569)						—						—						—
Other [2]			(13,638)						(582)						(124)						(14,344)						—						(14,344)
Total non-interest expense			(90,402)						(5,060)						(1,086)						(96,548)						—						(96,548)
Income before income taxes			$	27,436					$	4,221					$	29,714					$	61,371					$	—					$	61,371
Income tax expense			(9,481)						—						(52)						(9,533)						—						(9,533)
Net income			$	17,955					$	4,221					$	29,662					$	51,838					$	—					$	51,838
Total assets			$	9,992,368					$	30,113					$	3,556,709					$	13,579,190					$	(1,349,378)					$	12,229,812
Expenditures for long-lived assets			$	3,984					$	2					$	—					$	3,986					$	—					$	3,986
[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[2] Other non-interest expenses include:
Banking: taxes, other than payroll and income taxes; insurance; advertising; data communication and systems; printing, postage, stationery and supplies; communication; travels, meals and training; credit related expenses; director and investor relations; loss on sale of foreclosed real estate and other repossessed properties; and losses and operational errors, among other business expenses.
Wealth Management: reinsurance incurred net losses; taxes, other than payroll and income taxes; advertising; insurance; and data communication and systems, among other business expenses.
Treasury: Data communication and systems; taxes, other than payroll and income taxes; insurance, among other business expenses.

			Nine-Month Period Ended September 30, 2025
			Banking						Wealth Management						Treasury						Total						Eliminations						Consolidated Total
			(In thousands)
Interest income			$	476,973					$	16					$	110,830					$	587,819					$	(4,105)					$	583,714
Interest expense			(107,302)						—						(24,794)						(132,096)						4,105						(127,991)
Net interest income			369,671						16						86,036						455,723						—						455,723
Provision for credit losses			(75,584)						—						(40)						(75,624)						—						(75,624)
Non-interest income, net			62,231						27,222						1,947						91,400						—						91,400
Non-interest expenses [1]
Compensation and employee benefits			(110,796)						(7,711)						(826)						(119,333)						—						(119,333)
Occupancy, equipment and infrastructure costs			(28,393)						(548)						(53)						(28,994)						—						(28,994)
Depreciation and amortization of premises and equipment			(15,396)						(38)						(15)						(15,449)						—						(15,449)
Electronic banking charges			(34,602)						—						—						(34,602)						—						(34,602)
Information technology expenses			(19,624)						(147)						—						(19,771)						—						(19,771)
Professional and service fees			(13,035)						(2,157)						(75)						(15,267)						—						(15,267)
Loan servicing and clearing expenses			(5,031)						(1,339)						(324)						(6,694)						—						(6,694)
Amortization of other intangible assets			(865)						—						—						(865)						—						(865)
Intersegment expenses			2,988						(1,704)						(1,284)						—						—						—
Other [2]			(42,104)						(1,345)						(378)						(43,827)						—						(43,827)
Total non-interest expense			(266,858)						(14,989)						(2,955)						(284,802)						—						(284,802)
Income before income taxes			$	89,460					$	12,249					$	84,988					$	186,697					$	—					$	186,697
Income tax expense			(37,326)						(17)						(144)						(37,487)						—						(37,487)
Net income			$	52,134					$	12,232					$	84,844					$	149,210					$	—					$	149,210
Total assets			$	9,992,368					$	30,113					$	3,556,709					$	13,579,190					$	(1,349,378)					$	12,229,812
Expenditures for long-lived assets			$	12,482					$	3					$	—					$	12,485					$	—					$	12,485
[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[2] Other non-interest expenses include:
Banking: taxes, other than payroll and income taxes; insurance; advertising; communication; printing, postage, stationery and supplies; travels, meals and training; credit related expenses; director and investor relations; loss on sale of foreclosed real estate and other repossessed properties; and losses and operational errors, among other business expenses.
Wealth Management: reinsurance incurred net losses; taxes, other than payroll and income taxes; advertising; insurance; and data communication and systems, among other business expenses.
Treasury: data communication and systems; taxes, other than payroll and income taxes; and insurance, among other business expenses.

Eliminations include interest income and expense for a time deposit opened by the Bank in Oriental Overseas, the IBE unit, which operates within the Bank. The time deposit with a balance of $282.5 million and $277.4 million at September 30, 2025 and 2024, respectively, to fund Oriental Overseas operations is included in the Treasury Segment with its corresponding interest expense, and the related interest income is included in the Banking Segment, and are eliminated in the consolidation. Interest income is accrued on the unpaid principal balance. The increase in interest income and interest expense from the prior year periods was mainly as a result of higher interest rate.

			Quarter Ended September 30, 2024
			Banking						Wealth Management						Treasury						Total Major Segments						Eliminations						Consolidated Total
			(In thousands)
Interest income			$	155,922					$	6					$	34,145					$	190,073					$	(1,043)					$	189,030
Interest expense			(37,990)						—						(4,208)						(42,198)						1,043						(41,155)
Net interest income			117,932						6						29,937						147,875						—						147,875
(Provision for) recapture of credit losses			(21,427)						—						68						(21,359)						—						(21,359)
Non-interest income, net			19,117						7,750						1						26,868						—						26,868
Non-interest expenses [1]:
Compensation and employee benefits			(36,366)						(1,864)						(238)						(38,468)						—						(38,468)
Occupancy, equipment and infrastructure costs			(9,475)						(188)						(33)						(9,696)						—						(9,696)
Depreciation and amortization of premises and equipment			(5,418)						(5)						(5)						(5,428)						—						(5,428)
Electronic banking charges			(9,237)						—						—						(9,237)						—						(9,237)
Information technology expenses			(6,830)						(68)						(1)						(6,899)						—						(6,899)
Professional and service fees			(4,280)						(650)						(46)						(4,976)						—						(4,976)
Loan servicing and clearing expenses			(1,407)						(324)						(75)						(1,806)						—						(1,806)
Amortization of other intangibles assets			(347)						—						—						(347)						—						(347)
Intersegment expenses			—						—						—						—						—						—
Other [2]			(13,388)						(922)						(433)						(14,743)						—						(14,743)
Total non-interest expense			(86,748)						(4,021)						(831)						(91,600)						—						(91,600)
Income before income taxes			$	28,874					$	3,735					$	29,175					$	61,784					$	—					$	61,784
Income tax expense			(14,742)						(2)						(40)						(14,784)						—						(14,784)
Net income			$	14,132					$	3,733					$	29,135					$	47,000					$	—					$	47,000
Total assets			$	9,549,261					$	36,779					$	3,151,462					$	12,737,502					$	(1,276,120)					$	11,461,382
Expenditures for long-lived assets			$	6,377					$	—					$	—					$	6,377					$	—					$	6,377
[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[2] Other non-interest expenses include:
Banking: taxes, other than payroll and income taxes; insurance; advertising; data communication and systems; printing, postage, stationery and supplies; travels, meals and training; credit related expenses; director and investor relations; loss on sale of foreclosed real estate and other repossessed properties; and losses and operational errors, among other business expenses.
Wealth Management: reinsurance incurred net losses; taxes, other than payroll and income taxes; advertising; insurance; and data communication and systems, among other business expenses.
Treasury: data communication and systems; taxes, other than payroll and income taxes; and insurance, among other business expenses.

			Nine-Month Period Ended September 30, 2024
			Banking						Wealth Management						Treasury						Total						Eliminations						Consolidated Total
			(In thousands)
Interest income			$	462,598					$	19					$	100,571					$	563,188					$	(3,074)					$	560,114
Interest expense			(111,493)						—						(12,393)						(123,886)						3,074						(120,812)
Net interest income			351,105						19						88,178						439,302						—						439,302
(Provision for) recapture of credit losses			(52,241)						—						180						(52,061)						—						(52,061)
Non-interest income, net			66,905						22,779						8						89,692						—						89,692
Non-interest expenses [1]
Compensation and employee benefits			(109,554)						(6,454)						(743)						(116,751)						—						(116,751)
Occupancy, equipment and infrastructure costs			(27,175)						(538)						(98)						(27,811)						—						(27,811)
Depreciation and amortization of premises and equipment			(15,998)						(15)						(15)						(16,028)						—						(16,028)
Electronic banking charges			(31,289)						—						—						(31,289)						—						(31,289)
Information technology expenses			(19,929)						(137)						(1)						(20,067)						—						(20,067)
Professional and service fees			(11,714)						(2,228)						(155)						(14,097)						—						(14,097)
Loan servicing and clearing expenses			(4,353)						(1,128)						(324)						(5,805)						—						(5,805)
Amortization of other intangible assets			(1,039)						—						—						(1,039)						—						(1,039)
Intersegment expenses			839						(510)						(329)						—						—						—
Other [2]			(39,198)						(2,661)						(1,226)						(43,085)						—						(43,085)
Total non-interest expense			(259,410)						(13,671)						(2,891)						(275,972)						—						(275,972)
Income before income taxes			$	106,359					$	9,127					$	85,475					$	200,961					$	—					$	200,961
Income tax expense			(53,004)						(10)						(124)						(53,138)						—						(53,138)
Net income			$	53,355					$	9,117					$	85,351					$	147,823					$	—					$	147,823
Total assets			$	9,549,261					$	36,779					$	3,151,462					$	12,737,502					$	(1,276,120)					$	11,461,382
Expenditures for long-lived assets			$	17,280					$	—					$	—					$	17,280					$	—					$	17,280
[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[2] Other non-interest expenses include:
Banking: taxes, other than payroll and income taxes; insurance; advertising; communication; printing, postage, stationery and supplies; travels, meals and training; credit related expenses; director and investor relations; loss on sale of foreclosed real estate and other repossessed properties; and losses and operational errors, among other business expenses.
Wealth Management: reinsurance incurred net losses; taxes, other than payroll and income taxes; advertising; insurance; and data communication and systems, among other business expenses.
Treasury: data communication and systems; taxes, other than payroll and income taxes; and insurance, among other business expenses.

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

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X

- References

No definition available.

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