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Segment Information

9 Months Ended

Sep. 30, 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 are 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.

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):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Banking Segment

​

​

Three Months Ended September 30,

​

Nine Months Ended September 30,

​

​

2025

​

2024

​

2025

​

2024

Interest income

​

$

74,518

​

$

63,956

​

$

210,348

​

$

185,023

Interest expense

​

​

32,088

​

​

28,924

​

​

89,337

​

​

85,456

Net interest income

​

​

42,430

​

​

35,032

​

​

121,011

​

​

99,567

Provision for credit losses

​

​

227

​

​

2,575

​

​

3,618

​

​

3,018

Net interest income after provision for credit losses

​

​

42,203

​

​

32,457

​

​

117,393

​

​

96,549

Noninterest income:

​

​

​

​

​

​

​

​

​

​

​

​

Service charges on deposit accounts

​

​

1,831

​

​

1,780

​

​

5,333

​

​

5,084

Loss on sale of securities

​

​

(3,715)

​

​

—

​

​

(3,719)

​

​

—

Mortgage banking

​

​

709

​

​

410

​

​

1,835

​

​

1,038

Investment services

​

​

1,690

​

​

1,881

​

​

4,899

​

​

4,563

Insurance commissions

​

​

1,049

​

​

1,477

​

​

4,016

​

​

3,865

Interchange and debit card transaction fees, net

​

​

1,338

​

​

1,349

​

​

3,900

​

​

3,945

Gain on sale of SBKI

​

​

3,955

​

​

—

​

​

3,955

​

​

—

Other

​

​

1,780

​

​

2,242

​

​

5,914

​

​

6,627

Total noninterest income

​

​

8,637

​

​

9,139

​

​

26,133

​

​

25,122

Noninterest expense:

​

​

​

​

​

​

​

​

​

​

​

​

Salaries and employee benefits

​

​

19,544

​

​

18,448

​

​

58,380

​

​

52,348

Occupancy and equipment

​

​

3,468

​

​

3,423

​

​

10,298

​

​

10,144

FDIC insurance

​

​

1,025

​

​

825

​

​

2,977

​

​

2,565

Other real estate and loan related expense

​

​

969

​

​

460

​

​

2,383

​

​

1,582

Advertising and marketing

​

​

454

​

​

327

​

​

1,226

​

​

924

Data processing and technology

​

​

2,594

​

​

2,519

​

​

7,903

​

​

7,435

Professional services

​

​

1,123

​

​

1,201

​

​

3,643

​

​

3,190

Amortization of intangibles

​

​

536

​

​

604

​

​

1,671

​

​

1,824

Restructuring expenses

​

​

1,310

​

​

—

​

​

1,310

​

​

—

Other

​

​

2,846

​

​

3,039

​

​

8,945

​

​

8,587

Total noninterest expense

​

​

33,869

​

​

30,846

​

​

98,736

​

​

88,599

Income before income tax expense

​

​

16,971

​

​

10,750

​

​

44,790

​

​

33,072

Income tax expense

​

​

3,285

​

​

1,610

​

​

8,146

​

​

6,572

Net income

​

$

13,686

​

$

9,140

​

$

36,644

​

$

26,500

​

X

- References

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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

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