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Note 14 - Segment Reporting
 6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

Note 14. Segment Reporting

 

Accounting policies for segments are the same as those described in Note 1a. Segment performance is evaluated using Consolidated Bank net income. Information reported internally for performance assessment by the CODM follows, inclusive of reconciliations of significant segment totals to the financial statements:

 

 

  

Consolidated Bank

  

Consolidated Bank

 
  

Three Months Ended June 30,

  

Six Months Ended June 30,

 
  

2025

  

2024

  

2025

  

2024

 

(dollars in thousands)

                
                 

Interest income

 $146,030  $130,007  $270,819  $259,614 

Noninterest income

  4,865   4,563   8,614   8,162 

Total segment income

 $150,895  $134,570  $279,433  $267,776 
                 

Less:

                

Interest expense

  63,786   67,256   121,521   135,252 

Segment net interest income and noninterest income

  87,109   67,314   157,912   132,524 

Less:

                

Provision for credit losses

  35,700   2,500   39,200   6,500 

Salaries and employee benefits

  25,233   22,721   47,811   44,852 

Other segment items*

  48,042   14,823   64,374   29,742 

Income tax (benefit) expense

  (4,988)  6,688   2,172   12,566 

Segment consolidated net (loss) income

 $(16,878) $20,582  $4,355  $38,864 
                 

Other segment disclosures

                

Interest income

 $146,030  $130,007  $270,819  $259,614 

Interest expense

  63,786   67,256   121,521   135,252 

Depreciation

  1,325   1,083   2,423   2,185 

Amortization of core deposit intangibles

  1,251   321   1,530   642 

Other significant noncash items:

                

Provision for credit losses

  35,700   2,500   39,200   6,500 

Segment assets

  13,906,221   9,715,227   13,906,221   9,715,227 

Total expenses for segment assets

  167,773   113,988   275,078   228,912 
                 

Reconciliation of assets

                

Total assets for segment

 $13,906,221  $9,715,227  $13,906,221  $9,715,227 

Others assets

  9,517   8,504   9,517   8,504 

Total consolidated assets

 $13,915,738  $9,723,731  $13,915,738  $9,723,731 

 

*Occupancy and equipment, professional fees, advertising and promotion, data processing, FDIC insurance premium, merger expenses, amortization of core deposit intangible, insurance expense and stationery and supplies.