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Segment Reporting
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
The Company’s reportable segment is determined by the Chief Executive Officer, who is designated as the chief operating decision maker (“CODM”), based upon information provided about the Company’s products and services offered, primarily banking operations. The segment is also distinguished by the level of information provided to the CODM, who uses such information to review performance of various line of businesses, which are then aggregated if operating performance, product/services, and customers are similar. The CODM evaluates the financial performance of the Company’s businesses using revenue streams, comparative product pricing, and significant expenses to assess performance and return on assets. The CODM uses consolidated net income and profitability metrics to benchmark the Company against its competitors. Benchmarking analysis and monitoring of budget to actual results are used to assess performance and establish compensation. The CODM when making significant decisions takes into consideration certain financial metrics including loan growth, deposit growth, return on assets, return on average tangible common equity, efficiency ratio, and net interest margin.
Interest income from loans and other earning assets, and income from fee-based businesses provide banking operation revenue. Interest expense on deposits and other sources of funding, provisions for credit losses, and operating expenses, primarily salaries and employee benefits, occupancy, furniture and equipment, and data processing and communications, provide the significant expenses of banking operations. The Company currently operates as a single-segment and all operations are domestic.
At or for the Year Ended December 31,
202420232022
(Dollars in thousands)
Net interest income$427,851 $525,861 $578,421 
Provision for credit losses(17,280)(31,592)(9,850)
Noninterest income47,077 45,577 51,397 
Noninterest expense(324,684)(361,959)(323,920)
Income before income tax expense$132,964 $177,887 $296,048 
Total assets$17,054,008 $19,131,522 $19,164,491 
Investment securities AFS and HTM2,075,628 2,408,971 2,243,195 
Total loans receivable13,618,272 13,853,619 15,403,540 
Total deposits14,327,489 14,753,753 15,738,801 
Significant segment expenses
Salaries and employee benefits$177,860 $207,871 $204,719 
Occupancy27,469 28,868 28,267 
Furniture and equipment21,592 21,378 19,434 
Data processing and communications12,060 11,606 10,683