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Segment Information (unaudited) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Information (unaudited) | Note 26—Segment Information The Company has one reportable segment: banking operations. Loans and leases, securities, deposits, and non-interest income provide the revenues of the banking operation. Loan and lease products offered to customers generate a majority of the Company’s interest and fee income. Additionally, deposit products offered to customers generate fees and service charge income. Interest income earned on securities, and net gains on the sales of loans to third parties are other sources of revenue. Interest expense, provisions for credit losses, salaries and employee benefits, and data processing provide the significant expenses in banking operations. These significant expenses are the same as those disclosed in the Company’s Consolidated Statements of Operations and Consolidated Statements of Cash Flows. Noncash items such as depreciation and amortization are also disclosed in the Company’s Consolidated Statements of Operations and Consolidated Statements of Cash Flows. The Company’s chief operating decision makers are the Chief Executive Officer and the President. The chief operating decision makers are provided with consolidated balance sheets, income statements, and net interest margin analyses in order to evaluate revenue streams, significant expenses, and budget-to-actual results in assessing the Company’s segment and determining the allocation of resources. Additionally, the chief operating decision makers review performance of various components of banking operations, such as loan portfolio types, funding sources, and overhead, to assess product pricing and significant expenses and to evaluate return on assets. The chief operating decision makers use consolidated net income to benchmark the Company against its competitors. The benchmarking analysis coupled with monitoring budget-to-actual results are used in assessing performance and in establishing compensation. The accounting policies of the banking operations are the same as those described in Note 1–Business and Summary of Significant Accounting Policies. All operations are domestic.
|  | Years ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Interest and dividend income |  | $ | 565,929 |  |  | $ | 479,478 |  |  | $ | 301,559 |
Reconciliation of revenue: |  |  |  |  |  |  |  |  |
Other noninterest income |  |  | 58,851 |  |  |  | 56,315 |  |  |  | 57,314 |
Total consolidated revenue |  |  | 624,780 |  |  |  | 535,793 |  |  |  | 358,873 |
Less: |  |  |  |  |  |  |  |  |
Interest expense |  |  | 217,883 |  |  |  | 148,857 |  |  |  | 36,229 |
Segment net interest income and noninterest income |  |  | 406,897 |  |  |  | 386,936 |  |  |  | 322,644 |
Less: |  |  |  |  |  |  |  |  |
Provision for credit losses |  |  | 27,041 |  |  |  | 31,653 |  |  |  | 23,879 |
Salaries and employee benefits |  |  | 140,119 |  |  |  | 126,979 |  |  |  | 118,051 |
Depreciation and amortization |  |  | 12,630 |  |  |  | 12,992 |  |  |  | 12,640 |
Data processing |  |  | 16,869 |  |  |  | 19,509 |  |  |  | 13,358 |
Other segment items(1) |  |  | 49,159 |  |  |  | 50,123 |  |  |  | 40,033 |
Income tax expense |  |  | 40,320 |  |  |  | 37,802 |  |  |  | 26,729 |
Segment net income |  |  | 120,759 |  |  |  | 107,878 |  |  |  | 87,954 |
Reconciliation of profit or loss: |  |  |  |  |  |  |  |  |
Adjustments and reconciling items |  |  | — |  |  |  | — |  |  |  | — |
Consolidated net income |  | $ | 120,759 |  |  | $ | 107,878 |  |  | $ | 87,954 |
Reconciliation of assets |  |  |  |  |  |  |  |  |
Total assets for reportable segment |  | $ | 9,496,529 |  |  | $ | 8,881,967 |  |  |  |
Adjustments and reconciling items |  |  | — |  |  |  | — |  |  |  |
Total consolidated assets |  | $ | 9,496,529 |  |  | $ | 8,881,967 |  |  |  |
(1) Other segment items include: legal, audit, and other professional fees, other occupancy expense, regulatory assessments, and advertising and promotion expense.

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- Definition The entire disclosure for reporting segments including data and tables. 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