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Segment Information

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Segment Information

Note 14. Segment Information

The Company, through the Bank, provides a broad range of financial services to individuals and companies through its offices in East and Middle Tennessee, Alabama and Florida. These services include, but not limited to, primary deposit products are interest-bearing demand deposits, savings and money market deposits, and time deposits. Its primary lending products are commercial, residential, and consumer loans. The Company’s operations are managed, and financial performance is evaluated on an organization-wide basis. Accordingly, the Company’s banking and finance operations are not considered by management to constitute more than one reportable operating segment. This single segment is the General Banking Unit.

The Company’s chief operating decision maker (“CODM”) is the Executive Committee. The CODM includes the senior executive management team including the Chief Executive Officer, Chief Financial Officer, Chief Credit Officer, Chief Accounting Officer, Chief People Officer, Chief Risk Officer, and Chief Banking Officer.

The CODM assesses the performance of the General Banking Unit using a variety of figures, metrics and key performance indicators. However, the CODM primarily utilizes net income and net interest income to make business decisions. The CODM monitors these profitability measures at each meeting, and is regularly featured in various investor presentations, earnings releases, and other internal management reports. These performance and profitability measures influence business decisions and the allocation of resources within the General Banking Unit.

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The table below provides information about the General Banking Unit. The most significant expenses to the General Banking Unit are deposit and other borrowing interest expense as well as employee compensation (in thousands):

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​	​	​	​	​	​	​
​	​	Banking Segment
​	​	Three Months Ended March 31,
​	​	2025		​	2024
Interest income	​	$	66,376	​	$	59,783
Interest expense	​	​	28,138	​	​	28,062
Net interest income	​	​	38,238	​	​	31,721
Provision for credit losses	​	​	979	​	​	(440)
Net interest income after provision for credit losses	​	​	37,259	​	​	32,161
Noninterest income:	​	​	​	​	​	​
Service charges on deposit accounts	​	​	1,736	​	​	1,612
Mortgage banking	​	​	493	​	​	280
Investment services	​	​	1,769	​	​	1,380
Insurance commissions	​	​	1,412	​	​	1,103
Interchange and debit card transaction fees, net	​	​	1,220	​	​	1,253
Other	​	​	1,967	​	​	2,752
Total noninterest income	​	​	8,597	​	​	8,380
Noninterest expense:	​	​	​	​	​	​
Salaries and employee benefits	​	​	19,234	​	​	16,639
Occupancy and equipment	​	​	3,397	​	​	3,396
FDIC insurance	​	​	960	​	​	915
Other real estate and loan related expense	​	​	658	​	​	584
Advertising and marketing	​	​	382	​	​	302
Data processing and technology	​	​	2,657	​	​	2,465
Professional services	​	​	1,368	​	​	924
Amortization of intangibles	​	​	569	​	​	612
Other	​	​	3,071	​	​	2,716
Total noninterest expense	​	​	32,296	​	​	28,553
Income before income tax expense	​	​	13,560	​	​	11,988
Income tax expense	​	​	2,306	​	​	2,630
Net income	​	$	11,254	​	$	9,358

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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.

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