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v3.25.1

Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Balance Sheet Information of Segment Assets | The following table presents balance sheet information of the Company’s segment as of periods indicated (in thousands).
|  | March 31, 2025 |  |  | December 31, 2024 |
Segment assets |  |  |  |  |  |
Goodwill |  | $ | 48,536 |  |  | $ | 48,536 |
Total segment assets |  | $ | 6,303,092 |  |  | $ | 6,080,731 |
Reconciliation of consolidated total assets |  |  |  |  |  |
Goodwill - Courier Capital |  |  | 9,585 |  |  |  | 9,585 |
Intangible assets, net - Courier Capital |  |  | 2,530 |  |  |  | 2,637 |
Other assets |  |  | 25,285 |  |  |  | 24,735 |
Elimination of intercompany receivables |  |  | — |  |  |  | (603 | )
Consolidated total assets |  | $ | 6,340,492 |  |  | $ | 6,117,085 |
Segment Profit (Loss) | The following table presents information regarding the Company’s segment for the periods indicated (in thousands).
|  | Three months ended March 31, |
|  | 2025 |  |  | 2024 |
Interest income |  | $ | 81,051 |  |  | $ | 78,413 |
Interest expense |  |  | 33,126 |  |  |  | 37,271 |
Segment net interest income |  |  | 47,925 |  |  |  | 41,142 |
Noninterest income |  |  | 7,770 |  |  |  | 6,496 |
Segment noninterest expense |  |  | 30,475 |  |  |  | 49,717 |
Income (loss) before provision for credit losses and income taxes |  |  | 25,220 |  |  |  | (2,079 | )
(Provision) benefit for credit losses |  |  | (2,928 | ) |  |  | 5,456 |
Income before income taxes |  |  | 22,292 |  |  |  | 3,377 |
Income tax expense |  |  | (4,040 | ) |  |  | (456 | )
Segment net income |  | $ | 18,252 |  |  | $ | 2,921 |
Reconciliation of consolidated net interest income: |  |  |  |  |  |
Interest expense (1) |  |  | 1,061 |  |  |  | 1,060 |
Consolidated net interest income |  |  | 46,864 |  |  |  | 40,082 |
Reconciliation of consolidated net income: |  |  |  |  |  |
Insurance income (2) |  |  | — |  |  |  | 2,130 |
Investment advisory income (3) |  |  | 2,705 |  |  |  | 2,474 |
Other fees and income |  |  | (102 | ) |  |  | (199 | )
Other noninterest expense |  |  | (3,210 | ) |  |  | (4,296 | )
Income before income tax benefit |  |  | 16,584 |  |  |  | 1,970 |
Income tax benefit |  |  | 294 |  |  |  | 100 |
Consolidated net income |  | $ | 16,878 |  |  | $ | 2,070 |
(1) Interest expense represents interest on the subordinated notes, held at the Parent. (2) Insurance income represents income from our former subsidiary, SDN, which was sold on April 1, 2024. (3) Investment advisory income represents income from our subsidiary Courier Capital.

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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