XML 43 R33.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Segment Reporting | 12 Months Ended
--- | ---
Dec. 31, 2023
Segment Reporting [Abstract] |
Segment Reporting | (23.) SEGMENT REPORTING The Company has one reportable segment, Banking, which includes all of the Company’s retail and commercial banking operations. This reportable segment has been identified and organized based on the nature of the underlying products and services applicable to the segment, the type of customers to whom those products and services are offered and the distribution channel through which those products and services are made available. All other segments that do not meet the quantitative threshold for separate reporting have been grouped as “All Other,” which include the activities of SDN, Courier Capital and HNP, prior to the May 1, 2023 merger. Refer to Note 1, Summary of Significant Accounting Policies, for further details on the merger. SDN is a full-service insurance agency that provides a broad range of insurance services to both personal and business clients, and Courier Capital is an investment advisor and wealth management firm that provides customized investment management, investment consulting and retirement plan services to individuals, businesses, institutions, foundations and retirement plans. Also included in “All Other” are Holding Company amounts, which are the primary differences between segment amounts and consolidated totals, along with amounts to eliminate balances and transactions between segments. (23.) SEGMENT REPORTING (Continued) The following table presents information regarding the Company’s business segments as of the dates indicated (in thousands).
|  | Banking |  |  | All Other |  |  | Consolidated Totals |
December 31, 2023 |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 48,536 |  |  | $ | 18,535 |  |  | $ | 67,071 |
Other intangible assets, net |  |  | - |  |  |  | 5,433 |  |  |  | 5,433 |
Total assets |  |  | 6,117,748 |  |  |  | 43,133 |  |  |  | 6,160,881 |
December 31, 2022 |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 48,536 |  |  | $ | 18,535 |  |  | $ | 67,071 |
Other intangible assets, net |  |  | - |  |  |  | 6,343 |  |  |  | 6,343 |
Total assets |  |  | 5,756,441 |  |  |  | 40,831 |  |  |  | 5,797,272 |
The following table presents information regarding the Company’s business segments for the periods indicated (in thousands).
|  | Banking |  |  | All Other |  |  | Consolidated Totals |
Year ended December 31, 2023 |  |  |  |  |  |  |  |  |
Net interest income (expense) |  | $ | 169,957 |  |  | $ | (4,242 | ) |  | $ | 165,715 |
Provision for credit losses - loans |  |  | (13,681 | ) |  |  | - |  |  |  | (13,681 | )
Noninterest income |  |  | 31,893 |  |  |  | 16,351 |  |  |  | 48,244 |
Noninterest expense |  |  | (121,822 | ) |  |  | (15,403 | ) |  |  | (137,225 | )
Income (loss) before income taxes |  |  | 66,347 |  |  |  | (3,294 | ) |  |  | 63,053 |
Income tax (expense) benefit |  |  | (13,618 | ) |  |  | 829 |  |  |  | (12,789 | )
Net income (loss) |  | $ | 52,729 |  |  | $ | (2,465 | ) |  | $ | 50,264 |
Year ended December 31, 2022 |  |  |  |  |  |  |  |  |
Net interest income (expense) |  | $ | 171,613 |  |  | $ | (4,241 | ) |  | $ | 167,372 |
Provision for credit losses - loans |  |  | (13,311 | ) |  |  | - |  |  |  | (13,311 | )
Noninterest income |  |  | 30,519 |  |  |  | 15,752 |  |  |  | 46,271 |
Noninterest expense |  |  | (113,703 | ) |  |  | (15,659 | ) |  |  | (129,362 | )
Income (loss) before income taxes |  |  | 75,118 |  |  |  | (4,148 | ) |  |  | 70,970 |
Income tax (expense) benefit |  |  | (15,510 | ) |  |  | 1,113 |  |  |  | (14,397 | )
Net income (loss) |  | $ | 59,608 |  |  | $ | (3,035 | ) |  | $ | 56,573 |
Year ended December 31, 2021 |  |  |  |  |  |  |  |  |
Net interest income (expense) |  | $ | 158,967 |  |  | $ | (4,237 | ) |  | $ | 154,730 |
Benefit for credit losses - loans |  |  | 8,336 |  |  |  | - |  |  |  | 8,336 |
Noninterest income |  |  | 31,340 |  |  |  | 15,566 |  |  |  | 46,906 |
Noninterest expense |  |  | (95,882 | ) |  |  | (16,868 | ) |  |  | (112,750 | )
Income (loss) before income taxes |  |  | 102,761 |  |  |  | (5,539 | ) |  |  | 97,222 |
Income tax (expense) benefit |  |  | (21,038 | ) |  |  | 1,513 |  |  |  | (19,525 | )
Net income (loss) |  | $ | 81,723 |  |  | $ | (4,026 | ) |  | $ | 77,697 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration