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Note 14 - Segment Reporting
 9 Months Ended
Sep. 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 September 30,

  

Nine Months Ended September 30,

 
  

2025

  

2024

  

2025

  

2024

 

(dollars in thousands)

                
                 

Interest income

 $187,709  $130,242  $458,528  $389,856 

Noninterest income

  17,880   4,681   26,494   12,843 

Total segment income

 $205,589  $134,923  $485,022  $402,699 
                 

Less:

                

Interest expense

  79,778   68,045   201,299   203,297 

Segment net interest income and noninterest income

  125,811   66,878   283,723   199,402 

Less:

                

Provision for credit losses

  5,500   3,800   44,700   10,300 

Salaries and employee benefits

  32,401   22,957   80,212   67,809 

Other segment items*

  26,540   15,663   90,914   45,405 

Income tax (benefit) expense

  16,277   6,022   18,449   18,588 

Segment consolidated net (loss) income

 $45,093  $18,436  $49,448  $57,300 
                 

Other segment disclosures

                

Interest income

 $187,709  $130,242  $458,528  $389,856 

Interest expense

  79,778   68,045   201,299   203,297 

Depreciation

  1,841   1,100   4,264   3,284 

Amortization of core deposit intangibles

  3,196   297   4,726   939 

Other significant noncash items:

                

Provision for credit losses

  5,500   3,800   44,700   10,300 

Segment assets

  14,013,611   9,630,812   14,013,611   9,630,812 

Total expenses for segment assets

  160,496   116,488   435,574   343,400 
                 

Reconciliation of assets

                

Total assets for segment

 $14,013,611  $9,630,812  $14,013,611  $9,630,812 

Other assets

  9,974   8,791   9,974   8,791 

Total consolidated assets

 $14,023,585  $9,639,603  $14,023,585  $9,639,603 

 

*Occupancy and equipment, professional fees, advertising and promotion, data processing, Federal Deposit Insurance Corporation ("FDIC") insurance premium, merger expenses, amortization of core deposit intangible, insurance expense, restructuring and exit charges and stationery and supplies.