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Segment Reporting | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Reporting | Note 24 — Segment Reporting The Company has one reportable segment, Banking, as determined by the Chief Financial Officer, who is designated the chief operating decision maker, based upon information provided about the Company's products and services offered, which are primarily banking operations. The Banking segment is also distinguished by the level of information provided to the chief operating decision maker, who uses such information to review performance of various components of the business. The chief operating decision maker uses net interest income, net interest margin, non-interest income, non-interest expense, credit loss expense, and net income to assess performance and in the determination of allocating resources. These metrics, coupled with monitoring of budget to actual results, are used in assessment performance and in establishing compensation. Loans, investments, and deposits provide the revenues in our banking operations. Interest expense, provisions for credit losses, and salaries and benefits provide the significant expenses in our banking operations. Accounting policies for the banking segment are the same as those described in Note 1 - Summary of Significant Accounting Policies. Segment performance is evaluated using consolidated net income. The following table presents information reported internally for performance assessment by the chief operating decision maker for the following periods:
|  | Banking Segment |
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Net interest income |  | $ | 202,774 |  |  | $ | 221,271 |  |  | $ | 237,647 |
Noninterest income |  |  | 31,585 |  |  |  | 34,179 |  |  |  | 34,200 |
Segment revenues |  |  | 234,359 |  |  |  | 255,450 |  |  |  | 271,847 |
Other revenues |  |  | — |  |  |  | — |  |  |  | — |
Total consolidated revenues |  |  | 234,359 |  |  |  | 255,450 |  |  |  | 271,847 |
Less: |  |  |  |  |  |  |  |  |
Credit loss expense |  |  | 4,419 |  |  |  | 4,342 |  |  |  | 836 |
Noninterest expenses |  |  | 141,335 |  |  |  | 136,527 |  |  |  | 130,284 |
Income tax expense |  |  | 26,404 |  |  |  | 34,540 |  |  |  | 39,333 |
Segment net income |  |  | 62,201 |  |  |  | 80,041 |  |  |  | 101,394 |
Reconciliation of profit: |  |  |  |  |  |  |  |  |
Adjustments and reconciling items |  |  | — |  |  |  | — |  |  |  | — |
Consolidated net income |  |  | 62,201 |  |  |  | 80,041 |  |  |  | 101,394 |
Segment assets |  |  | 7,677,925 |  |  |  | 7,570,341 |  |  |  | 7,378,262 |
Other assets |  |  | — |  |  |  | — |  |  |  | — |
Consolidated assets |  | $ | 7,677,925 |  |  | $ | 7,570,341 |  |  | $ | 7,378,262 |

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- 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 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