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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 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).

		June 30, 2025				December 31, 2024
Segment assets
Goodwill		$	48,536			$	48,536
Total segment assets		$	6,105,894			$	6,080,731
Reconciliation of consolidated total assets
Goodwill - Courier Capital			9,585				9,585
Intangible assets, net - Courier Capital			2,425				2,637
Other assets			25,862				24,735
Elimination of intercompany receivables			—				(603	)
Consolidated total assets		$	6,143,766			$	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 June 30,								Six months ended June 30,
		2025				2024				2025				2024
Interest income		$	82,867			$	78,788			$	163,918			$	157,201
Interest expense			32,694				36,534				65,820				73,805
Segment net interest income			50,173				42,254				98,098				83,396
Noninterest income			7,868				7,989				15,638				14,485
Segment noninterest expense			32,505				30,418				62,980				80,135
Income (loss) before provision for credit losses and income taxes			25,536				19,825				50,756				17,746
(Provision) benefit for credit losses			(2,562	)			(2,041	)			(5,490	)			3,415
Income before income taxes			22,974				17,784				45,266				21,161
Income tax expense			(4,289	)			(1,288	)			(8,329	)			(1,744	)
Segment net income		$	18,685			$	16,496			$	36,937			$	19,417
Reconciliation of consolidated net interest income:
Interest expense (1)			1,051				1,061				2,112				2,121
Consolidated net interest income			49,122				41,193				95,986				81,275
Reconciliation of consolidated net income:
Insurance income (2)			—				—				—				2,130
Investment advisory income (3)			2,844				2,644				5,549				5,118
Other fees and income			(95	)			13,381				(197	)			13,182
Other noninterest expense			(3,177	)			(2,602	)			(6,387	)			(6,898	)
Income before income tax benefit			17,206				28,858				33,790				30,828
Income tax benefit			326				(3,229	)			620				(3,129	)
Consolidated net income		$	17,532			$	25,629			$	34,410			$	27,699

(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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