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v3.23.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Financial Information | The following segment financial information has been derived from the internal financial statements of the Company which are used by management to monitor and manage financial performance. The accounting policies of the three segments are the same as those of the Company. The evaluation process for segments does not include holding company income and expense. Holding company amounts are the primary differences between segment amounts and consolidated totals, and are reflected in the column labeled “Other” below, along with amounts to eliminate transactions between segments.
|  | Core Banking |  | Wealth Management Services |  | Insurance |  | Other |  | Consolidated Totals
Three Months Ended |  |  |  |  |  |  |  |  |  |
September 30, 2023 |  |  |  |  |  |  |  |  |  |
Net Interest Income |  | $ | 48,794 |  |  | $ | 32 |  |  | $ | 15 |  |  | $ | (1,282) |  |  | $ | 47,559 |
Net Gains on Sales of Loans |  | 614 |  |  | — |  |  | — |  |  | — |  |  | 614 |
Net Gains on Securities |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Wealth Management Fees |  | 1 |  |  | 2,956 |  |  | — |  |  | — |  |  | 2,957 |
Insurance Revenues |  | — |  |  | 1 |  |  | 2,064 |  |  | — |  |  | 2,065 |
Noncash Items: |  |  |  |  |  |  |  |  |  |
Provision (Benefit) for Credit Losses |  | 900 |  |  | — |  |  | — |  |  | — |  |  | 900 |
Depreciation and Amortization |  | 2,236 |  |  | 7 |  |  | 12 |  |  | 114 |  |  | 2,369 |
Income Tax Expense (Benefit) |  | 4,709 |  |  | 184 |  |  | 107 |  |  | (409) |  |  | 4,591 |
Segment Profit (Loss) |  | 21,472 |  |  | 761 |  |  | 161 |  |  | (943) |  |  | 21,451 |
Segment Assets at September 30, 2023 |  | 5,998,860 |  |  | 8,374 |  |  | 15,631 |  |  | (17,199) |  |  | 6,005,666 |
|  | Core Banking |  | Wealth Management Services |  | Insurance |  | Other |  | Consolidated Totals
Three Months Ended |  |  |  |  |  |  |  |  |  |
September 30, 2022 |  |  |  |  |  |  |  |  |  |
Net Interest Income |  | $ | 52,659 |  |  | $ | 14 |  |  | $ | 8 |  |  | $ | (983) |  |  | $ | 51,698 |
Net Gains on Sales of Loans |  | 854 |  |  | — |  |  | — |  |  | — |  |  | 854 |
Net Gains on Securities |  | 23 |  |  | — |  |  | — |  |  | — |  |  | 23 |
Wealth Management Fees |  | 1 |  |  | 2,375 |  |  | — |  |  | — |  |  | 2,376 |
Insurance Revenues |  | 1 |  |  | 9 |  |  | 1,985 |  |  | — |  |  | 1,995 |
Noncash Items: |  |  |  |  |  |  |  |  |  |
Provision (Benefit) for Credit Losses |  | 350 |  |  | — |  |  | — |  |  | — |  |  | 350 |
Depreciation and Amortization |  | 2,357 |  |  | 10 |  |  | 12 |  |  | 114 |  |  | 2,493 |
Income Tax Expense (Benefit) |  | 6,443 |  |  | 149 |  |  | 61 |  |  | (520) |  |  | 6,133 |
Segment Profit (Loss) |  | 26,213 |  |  | 461 |  |  | 189 |  |  | (2,267) |  |  | 24,596 |
Segment Assets at December 31, 2022 |  | 6,152,346 |  |  | 8,846 |  |  | 14,706 |  |  | (19,907) |  |  | 6,155,991 |
|  | Core Banking |  | Wealth Management Services |  | Insurance |  | Other |  | Consolidated Totals
Nine Months Ended |  |  |  |  |  |  |  |  |  |
September 30, 2023 |  |  |  |  |  |  |  |  |  |
Net Interest Income |  | $ | 148,363 |  |  | $ | 86 |  |  | $ | 45 |  |  | $ | (3,668) |  |  | $ | 144,826 |
Net Gains on Sales of Loans |  | 1,831 |  |  | — |  |  | — |  |  | — |  |  | 1,831 |
Net Gains on Securities |  | 40 |  |  | — |  |  | — |  |  | — |  |  | 40 |
Wealth Management Fees |  | 4 |  |  | 8,509 |  |  | — |  |  | — |  |  | 8,513 |
Insurance Revenues |  | 1 |  |  | 22 |  |  | 7,307 |  |  | — |  |  | 7,330 |
Noncash Items: |  |  |  |  |  |  |  |  |  |
Provision (Benefit) for Credit Losses |  | 2,550 |  |  | — |  |  | — |  |  | — |  |  | 2,550 |
Depreciation and Amortization |  | 6,803 |  |  | 26 |  |  | 37 |  |  | 342 |  |  | 7,208 |
Income Tax Expense (Benefit) |  | 14,099 |  |  | 474 |  |  | 427 |  |  | (1,201) |  |  | 13,799 |
Segment Profit (Loss) |  | 63,987 |  |  | 2,083 |  |  | 1,470 |  |  | (3,159) |  |  | 64,381 |
Segment Assets at September 30, 2023 |  | 5,998,860 |  |  | 8,374 |  |  | 15,631 |  |  | (17,199) |  |  | 6,005,666 |
|  | Core Banking |  | Wealth Management Services |  | Insurance |  | Other |  | Consolidated Totals
Nine Months Ended |  |  |  |  |  |  |  |  |  |
September 30, 2022 |  |  |  |  |  |  |  |  |  |
Net Interest Income |  | $ | 150,798 |  |  | $ | 27 |  |  | $ | 14 |  |  | $ | (2,636) |  |  | $ | 148,203 |
Net Gains on Sales of Loans |  | 3,324 |  |  | — |  |  | — |  |  | — |  |  | 3,324 |
Net Gains on Securities |  | 473 |  |  | — |  |  | — |  |  | — |  |  | 473 |
Wealth Management Fees |  | 3 |  |  | 7,653 |  |  | — |  |  | — |  |  | 7,656 |
Insurance Revenues |  | 30 |  |  | 11 |  |  | 7,929 |  |  | — |  |  | 7,970 |
Noncash Items: |  |  |  |  |  |  |  |  |  |
Provision (Benefit) for Credit Losses |  | 5,850 |  |  | — |  |  | — |  |  | — |  |  | 5,850 |
Depreciation and Amortization |  | 7,334 |  |  | 31 |  |  | 36 |  |  | 342 |  |  | 7,743 |
Income Tax Expense (Benefit) |  | 12,189 |  |  | 551 |  |  | 643 |  |  | (1,552) |  |  | 11,831 |
Segment Profit (Loss) |  | 58,162 |  |  | 1,717 |  |  | 2,038 |  |  | (4,507) |  |  | 57,410 |
Segment Assets at December 31, 2022 |  | 6,152,346 |  |  | 8,846 |  |  | 14,706 |  |  | (19,907) |  |  | 6,155,991 |

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- 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 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: 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 3: 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 4: 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
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