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Segment Reporting (Tables)

3 Months Ended

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.

X

- 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

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- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ 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 (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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