XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.24.3

Note 9 - BUSINESS SEGMENT INFORMATION | 9 Months Ended
--- | ---
Sep. 30, 2024
BUSINESS SEGMENT INFORMATION |
BUSINESS SEGMENT INFORMATION | NOTE 9 – BUSINESS SEGMENT INFORMATION Selected financial and descriptive information is required to be disclosed for reportable operating segments, applying a “management perspective” as the basis for identifying reportable segments. The management perspective is determined by the view that management takes of the segments within the Company when making operating decisions, allocating resources, and measuring performance. The segments of the Company have been defined by the structure of the Company's internal organization, focusing on the financial information that the Company's operating decision-makers routinely use to make decisions about operating matters. The Company’s Commercial Banking business is geographically divided by markets into the operating segments which are the four subsidiary banks wholly owned by the Company: QCBT, CRBT, CSB, and GB. Each of these operating segments offers similar products and services, but is managed separately due to different pricing, product demand, and consumer markets. Each offers commercial, consumer, and mortgage loans and deposit services. The Company's All Other segment includes the corporate operations of the parent and operations of all other consolidated subsidiaries and/or defined operating segments that fall below the segment reporting thresholds. Selected financial information on the Company's business segments is presented as follows as of and for the three and nine months ended September 30, 2024 and 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial Banking | ​ | ​ | ​ | Intercompany | ​ | Consolidated
​ |  | QCBT |  | CRBT |  | CSB |  | GB |  | All other |  | Eliminations |  | Total
​ | ​ | (dollars in thousands)
Three Months Ended September 30, 2024 | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total revenue | ​ | $ | 43,685 | ​ | $ | 48,327 | ​ | $ | 22,470 | ​ | $ | 38,120 | ​ | $ | 35,493 | ​ | $ | (35,518) | ​ | $ | 152,577
Net interest income | ​ |  | 18,775 | ​ |  | 18,456 | ​ |  | 11,745 | ​ |  | 14,589 | ​ |  | (4,232) | ​ |  | 389 | ​ |  | 59,722
Provision for credit losses | ​ |  | 2,537 | ​ |  | 1,696 | ​ |  | (186) | ​ |  | (563) | ​ |  | — | ​ |  | — | ​ |  | 3,484
Net income (loss) from continuing operations | ​ |  | 4,911 | ​ |  | 15,946 | ​ |  | 5,527 | ​ |  | 7,531 | ​ |  | 28,339 | ​ |  | (34,469) | ​ |  | 27,785
Goodwill | ​ |  | 2,791 | ​ |  | 14,980 | ​ |  | 9,888 | ​ |  | 110,936 | ​ |  | — | ​ |  | — | ​ |  | 138,595
Intangibles | ​ |  | — | ​ |  | 692 | ​ |  | 1,006 | ​ |  | 10,053 | ​ |  | — | ​ |  | — | ​ |  | 11,751
Total assets | ​ |  | 2,552,962 | ​ |  | 2,625,943 | ​ |  | 1,519,585 | ​ |  | 2,360,301 | ​ |  | 1,304,717 | ​ |  | (1,274,943) | ​ |  | 9,088,565
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  | ​ | ​ |  |  | ​ |  | ​
Three Months Ended September 30, 2023 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​
Total revenue | ​ | $ | 38,165 | ​ | $ | 43,592 | ​ | $ | 19,225 | ​ | $ | 34,498 | ​ | $ | 31,878 | ​ | $ | (32,197) | ​ | $ | 135,161
Net interest income | ​ |  | 17,198 | ​ |  | 16,852 | ​ |  | 11,136 | ​ |  | 13,743 | ​ |  | (3,958) | ​ |  | 284 | ​ |  | 55,255
Provision for credit losses | ​ |  | 2,686 | ​ |  | 503 | ​ |  | 275 | ​ |  | 342 | ​ |  | — | ​ |  | — | ​ |  | 3,806
Net income (loss) from continuing operations | ​ |  | 5,856 | ​ |  | 13,175 | ​ |  | 4,740 | ​ |  | 6,801 | ​ |  | 25,641 | ​ |  | (31,092) | ​ |  | 25,121
Goodwill | ​ |  | 3,223 | ​ |  | 14,980 | ​ |  | 9,888 | ​ |  | 110,936 | ​ |  | — | ​ |  | — | ​ |  | 139,027
Intangibles | ​ |  | — | ​ |  | 950 | ​ |  | 1,579 | ​ |  | 12,008 | ​ |  | — | ​ |  | — | ​ |  | 14,537
Total assets | ​ |  | 2,433,084 | ​ |  | 2,442,263 | ​ |  | 1,417,249 | ​ |  | 2,242,638 | ​ |  | 1,146,137 | ​ |  | (1,141,314) | ​ |  | 8,540,057
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine Months Ended September 30, 2024 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​
Total revenue | ​ | $ | 125,933 | ​ | $ | 146,469 | ​ | $ | 64,459 | ​ | $ | 109,669 | ​ | $ | 106,457 | ​ | $ | (107,868) | ​ | $ | 445,119
Net interest income | ​ |  | 53,463 | ​ |  | 52,464 | ​ |  | 34,104 | ​ | ​ | 41,965 | ​ |  | (12,515) | ​ |  | 1,103 | ​ |  | 170,584
Provision for credit losses | ​ |  | 8,990 | ​ |  | 3,490 | ​ |  | 47 | ​ | ​ | (578) | ​ |  | — | ​ |  | — | ​ |  | 11,949
Net income (loss) from continuing operations | ​ |  | 15,371 | ​ |  | 51,725 | ​ |  | 14,603 | ​ |  | 20,803 | ​ |  | 85,329 | ​ |  | (104,206) | ​ |  | 83,625
Goodwill | ​ |  | 2,791 | ​ |  | 14,980 | ​ |  | 9,888 | ​ |  | 110,936 | ​ |  | — | ​ |  | — | ​ |  | 138,595
Intangibles | ​ |  | — | ​ |  | 692 | ​ |  | 1,006 | ​ |  | 10,053 | ​ |  | — | ​ |  | — | ​ |  | 11,751
Total assets | ​ |  | 2,552,962 | ​ |  | 2,625,943 | ​ |  | 1,519,585 | ​ |  | 2,360,301 | ​ |  | 1,304,717 | ​ |  | (1,274,943) | ​ |  | 9,088,565
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine Months Ended September 30, 2023 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​
Total revenue | ​ | $ | 106,664 | ​ | $ | 138,018 | ​ | $ | 53,126 | ​ | $ | 90,443 | ​ | $ | 101,472 | ​ | $ | (103,606) | ​ | $ | 386,117
Net interest income | ​ |  | 50,590 | ​ |  | 50,254 | ​ |  | 32,683 | ​ |  | 42,716 | ​ |  | (11,911) | ​ |  | 938 | ​ |  | 165,270
Provision for credit losses | ​ |  | 7,879 | ​ |  | 2,499 | ​ |  | 965 | ​ |  | (3) | ​ |  | — | ​ |  | — | ​ |  | 11,340
Net income (loss) from continuing operations | ​ |  | 17,710 | ​ |  | 48,928 | ​ |  | 14,113 | ​ |  | 17,344 | ​ |  | 82,266 | ​ |  | (99,658) | ​ |  | 80,703
Goodwill | ​ |  | 3,223 | ​ |  | 14,980 | ​ |  | 9,888 | ​ |  | 110,936 | ​ |  | — | ​ |  | — | ​ |  | 139,027
Intangibles | ​ |  | — | ​ |  | 950 | ​ |  | 1,579 | ​ |  | 12,008 | ​ |  | — | ​ |  | — | ​ |  | 14,537
Total assets | ​ |  | 2,433,084 | ​ |  | 2,442,263 | ​ |  | 1,417,249 | ​ |  | 2,242,638 | ​ |  | 1,146,137 | ​ |  | (1,141,314) | ​ |  | 8,540,057
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 9: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 10: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration