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Segment Information
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company's reportable segment is determined by the Chief Executive Officer, who is designated the chief operating decision maker, based upon information provided about the Company's products and services offered, primary banking operations. The segment is also distinguished by the level of information provided to the chief operation decision maker, who uses such information to review performance of various components of the business, which are then aggregated if operating performance, products/services, and customers are similar. The chief operating decision maker will evaluate the financial performance of the Company's business components such as by evaluating revenue streams, significant expenses, and budget to actual results in assessing the Company's segment and in the determination of allocating resources. The chief operating decision maker uses revenue streams to evaluate product pricing and significant expenses to assess performance and evaluate return on assets. The chief operating decision maker uses consolidated net income to benchmark the Company against its competitors. The benchmarking analysis coupled with monitoring of budget to actual results are used in assessing performance and in establishing compensation. Loans and investments are the primary sources of revenue in the banking operation. Interest expense on deposits and borrowings, provisions for credit losses, and payroll comprise the significant expenses in the banking operation. All operations are domestic.

Accounting policies for segments are the same as those described in Note 1. Segment performance is evaluated using consolidated net income. Information reported internally for performance assessment by the chief operating decision maker follows, inclusive of reconciliations of the banking segment totals to the financial statements:

Year Ended December 31,
(in thousands)202420232022
Interest income$466,638 $438,354 $355,505 
Reconciliation of revenue:
Other revenues64,407 61,400 63,046 
Total consolidated revenues531,045 499,754 418,551 
Less:
Interest expense135,204 81,677 9,529 
Segment net interest income and noninterest income395,841 418,077 409,022 
Less:
Provision for credit losses6,632 23,990 18,470 
Salaries and benefits expense140,581 135,795 129,852 
Other banking segment items93,524 97,387 86,793 
Provision for income taxes40,236 43,515 48,488 
Segment net income/consolidated net income$114,868 $117,390 $125,419 
Reconciliation of assets:
Total assets for reportable segment$9,673,728 $9,910,089 $9,930,986 
Other assets— — — 
Total consolidated assets$9,673,728 $9,910,089 $9,930,986