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Segment Reporting | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Reporting Disclosure | Segment Reporting We operate our business as a single integrated business unit which provides a number of products and services to meet our customers banking and financial needs. Our products and services include consumer lending such as secured and unsecured installment loans, home equity loans, construction and real estate loans, credit lines and credit cards. We also offer commercial customers lending and leasing products, which include real estate secured lending, equipment finance, working capital lines of credit, credit cards and construction loans. Our products also include deposit services such as personal and business checking accounts, savings, money market and certificates of deposits. Additionally, we provide an array of cash management services, trust and wealth management services and insurance products. These services are all delivered through the same business network. The Company’s President and CEO is the chief operating decision maker who uses consolidated net income to assess performance and profitability of our single business segment. Consolidated net income is used to assess performance by comparing results on a monthly basis, including variances to budget and prior period results. Consideration is given to performance of components of the business, such as branches and geographic regions, which are then aggregated. This information is used to achieve strategic initiatives by allowing the chief operation decision maker to manage resources that drive our business and earnings. Additionally, consolidated net income is used to benchmark the Company against its banking peers. The accounting policies of the single business unit are the same as provided in Note 1 - "Statement of Accounting Policies" and our segment assets are the same as assets presented in the Consolidated Statements of Financial Condition. The following table presents information related to segment revenue, significant segment expenses and segment net income for the years ended December 31;
| 2024 |  | 2023 |  | 2022
| (dollars in thousands)
Interest income | $ | 600,463 |  |  | $ | 529,998 |  |  | $ | 329,953 |
Interest expense | 221,571 |  |  | 144,322 |  |  | 17,732 |
Net interest income | 378,892 |  |  | 385,676 |  |  | 312,221 |
Provision for credit losses | 29,170 |  |  | 14,813 |  |  | 21,106 |
Noninterest Income |  |  |  |  |
Trust income | 11,821 |  |  | 10,516 |  |  | 10,518 |
Service charges on deposit accounts | 22,518 |  |  | 21,437 |  |  | 19,641 |
Insurance and retail brokerage commissions | 11,546 |  |  | 10,929 |  |  | 9,968 |
Gain on sale of mortgage loans | 5,795 |  |  | 3,951 |  |  | 5,276 |
Gain on sale of other loans and assets | 9,111 |  |  | 6,744 |  |  | 6,036 |
Card-related interchange income | 21,887 |  |  | 28,640 |  |  | 27,603 |
Other segment income (a) | 16,553 |  |  | 14,392 |  |  | 19,666 |
Noninterest expense |  |  |  |  |
Salaries and employee benefits | 149,287 |  |  | 142,871 |  |  | 126,031 |
Net occupancy | 19,783 |  |  | 19,221 |  |  | 18,037 |
Furniture and equipment | 17,453 |  |  | 17,308 |  |  | 15,582 |
Data processing | 15,582 |  |  | 15,010 |  |  | 13,922 |
Other professional fees and services | 5,533 |  |  | 5,919 |  |  | 4,894 |
Other segment expense (b) | 63,107 |  |  | 69,588 |  |  | 51,172 |
Income tax provision | 35,636 |  |  | 40,492 |  |  | 32,004 |
Segment net income | $ | 142,572 |  |  | $ | 157,063 |  |  | $ | 128,181 |
Reconciliation of net income |  |  |  |  |
Adjustments and reconciling items | — |  |  | — |  |  | — |
Consolidated net income | $ | 142,572 |  |  | $ | 157,063 |  |  | $ | 128,181 |
(a) Other segment income includes gain/loss on securities, income from bank owned life insurance, derivative mark to market, swap fee income and other miscellaneous income. (b) Other segment expense includes FDIC insurance, loss on sale or write-down of assets, litigation and operational losses, merger related expenses and other miscellaneous expenses.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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