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v3.25.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | Significant segment totals are reconciled to the financial statements as follows for the three months ended March 31,:
| Banking |  | Mortgage Operations |  | Corporate |  | Total Segments
2025 |  |  |  |  |  |  |
Summary of Operations |  |  |  |  |  |  |
Interest income | $ | 99,476 |  |  | $ | 10,963 |  |  | $ | 8 |  |  | $ | 110,447 |
Interest expense | 29,138 |  |  | 5,631 |  |  | 1,200 |  |  | 35,969 |
Net interest income (expense) | 70,338 |  |  | 5,332 |  |  | (1,192) |  |  | 74,478 |
Provision for (benefit from) credit losses | 4,062 |  |  | (262) |  |  | — |  |  | 3,800 |
Noninterest income: |  |  |  |  |  |  |
Service charges on deposit accounts | 2,027 |  |  | — |  |  | — |  |  | 2,027 |
Treasury management service fees | 4,194 |  |  | — |  |  | — |  |  | 4,194 |
Credit and debit card fees | 2,585 |  |  | 1 |  |  | — |  |  | 2,586 |
Trust and investment advisory fees | 1,421 |  |  | — |  |  | — |  |  | 1,421 |
(Loss) income from mortgage banking services, net | (622) |  |  | 9,677 |  |  | — |  |  | 9,055 |
Other noninterest income | 2,491 |  |  | (45) |  |  | — |  |  | 2,446 |
Total noninterest income | 12,096 |  |  | 9,633 |  |  | — |  |  | 21,729 |
Noninterest expense: |  |  |  |  |  |  |
Salary and employee benefits | 31,056 |  |  | 7,867 |  |  | 638 |  |  | 39,561 |
Occupancy and equipment | 8,680 |  |  | 795 |  |  | 61 |  |  | 9,536 |
Amortization of intangible assets | 628 |  |  | — |  |  | — |  |  | 628 |
Other noninterest expenses | 8,347 |  |  | 4,218 |  |  | 432 |  |  | 12,997 |
Total noninterest expense | 48,711 |  |  | 12,880 |  |  | 1,131 |  |  | 62,722 |
Income (loss) before income taxes | $ | 29,661 |  |  | $ | 2,347 |  |  | $ | (2,323) |  |  | $ | 29,685 |
Other Information |  |  |  |  |  |  |
Depreciation expense and amortization on premises and equipment | $ | 1,996 |  |  | $ | 39 |  |  | $ | — |  |  | $ | 2,035 |
Identifiable assets | $ | 6,928,554 |  |  | $ | 1,152,956 |  |  | $ | 134,948 |  |  | $ | 8,216,458 |
| Banking |  | Mortgage Operations |  | Corporate |  | Total Segments
2024 |  |  |  |  |  |  |
Summary of Operations |  |  |  |  |  |  |
Interest income | $ | 106,502 |  |  | $ | 3,530 |  |  | $ | 8 |  |  | $ | 110,040 |
Interest expense | 37,980 |  |  | 11 |  |  | 1,243 |  |  | 39,234 |
Net interest income (expense) | 68,522 |  |  | 3,519 |  |  | (1,235) |  |  | 70,806 |
Provision for (benefit from) credit losses | 17,864 |  |  | (1,364) |  |  | — |  |  | 16,500 |
Noninterest income: |  |  |  |  |  |  |
Service charges on deposit accounts | 2,344 |  |  | — |  |  | — |  |  | 2,344 |
Treasury management service fees | 3,468 |  |  | — |  |  | — |  |  | 3,468 |
Credit and debit card fees | 2,758 |  |  | 1 |  |  | — |  |  | 2,759 |
Trust and investment advisory fees | 1,463 |  |  | — |  |  | — |  |  | 1,463 |
(Loss) income from mortgage banking services, net | (583) |  |  | 10,085 |  |  | — |  |  | 9,502 |
Other noninterest income | 3,272 |  |  | — |  |  | — |  |  | 3,272 |
Total noninterest income | 12,722 |  |  | 10,086 |  |  | — |  |  | 22,808 |
Noninterest expense: |  |  |  |  |  |  |
Salary and employee benefits | 29,763 |  |  | 7,149 |  |  | 441 |  |  | 37,353 |
Occupancy and equipment | 7,759 |  |  | 792 |  |  | 44 |  |  | 8,595 |
Amortization of intangible assets | 815 |  |  | — |  |  | — |  |  | 815 |
Terminated merger related expenses | 503 |  |  | — |  |  | 1,986 |  |  | 2,489 |
Other noninterest expenses | 8,451 |  |  | 3,924 |  |  | 201 |  |  | 12,576 |
Total noninterest expense | 47,291 |  |  | 11,865 |  |  | 2,672 |  |  | 61,828 |
Income (loss) before income taxes | $ | 16,089 |  |  | $ | 3,104 |  |  | $ | (3,907) |  |  | $ | 15,286 |
Other Information |  |  |  |  |  |  |
Depreciation expense and amortization on premises and equipment | $ | 1,737 |  |  | $ | 50 |  |  | $ | — |  |  | $ | 1,787 |
Identifiable assets | $ | 6,695,912 |  |  | $ | 947,437 |  |  | $ | 138,252 |  |  | $ | 7,781,601 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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