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Segment Information (unaudited) (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information

 

 

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.