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BUSINESS SEGMENTS (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Income and Total Assets for Reportable Segments

The following tables present the statements of income and total assets for the Company’s reportable segments for the three months ended March 31, 2026 and 2025.

 

 

 

 

Three Months Ended March 31, 2026

 

 

 

 

 

 

Wealth

 

 

 

 

(In thousands)

 

Banking

 

 

Management

 

 

Total

 

Net interest income

 

$

59,337

 

 

$

559

 

 

$

59,896

 

Noninterest income

 

 

6,032

 

 

 

16,565

 

 

 

22,597

 

Total income

 

 

65,369

 

 

 

17,124

 

 

 

82,493

 

 

 

 

 

 

 

 

 

 

 

Provision for credit losses

 

 

7,327

 

 

 

 

 

 

7,327

 

Compensation and employee benefits

 

 

32,739

 

 

 

6,626

 

 

 

39,365

 

Premises and equipment expense

 

 

5,015

 

 

 

673

 

 

 

5,688

 

Depreciation expense

 

 

1,058

 

 

 

112

 

 

 

1,170

 

FDIC insurance expense

 

 

1,388

 

 

 

 

 

 

1,388

 

Professional and legal fees

 

 

1,537

 

 

 

17

 

 

 

1,554

 

Trust department expense

 

 

 

 

 

1,180

 

 

 

1,180

 

Other operating expense

 

 

4,225

 

 

 

870

 

 

 

5,095

 

Total operating expense

 

 

53,289

 

 

 

9,478

 

 

 

62,767

 

Income before income tax expense

 

 

12,080

 

 

 

7,646

 

 

 

19,726

 

Income tax expense

 

 

3,485

 

 

 

2,088

 

 

 

5,573

 

Net income

 

$

8,595

 

 

$

5,558

 

 

$

14,153

 

 

 

 

 

 

 

 

 

 

 

Total assets at period end

 

$

7,473,043

 

 

$

225,922

 

 

$

7,698,965

 

 

 

 

Three Months Ended March 31, 2025

 

 

 

 

 

 

Wealth

 

 

 

 

(In thousands)

 

Banking

 

 

Management

 

 

Total

 

Net interest income

 

$

44,911

 

 

$

594

 

 

$

45,505

 

Noninterest income

 

 

3,270

 

 

 

15,584

 

 

 

18,854

 

Total income

 

 

48,181

 

 

 

16,178

 

 

 

64,359

 

 

 

 

 

 

 

 

 

 

 

Provision for credit losses

 

 

4,471

 

 

 

 

 

 

4,471

 

Compensation and employee benefits

 

 

29,175

 

 

 

6,704

 

 

 

35,879

 

Premises and equipment expense

 

 

4,605

 

 

 

663

 

 

 

5,268

 

Depreciation expense

 

 

765

 

 

 

121

 

 

 

886

 

FDIC insurance expense

 

 

855

 

 

 

 

 

 

855

 

Professional and legal fees

 

 

1,190

 

 

 

 

 

 

1,190

 

Trust department expense

 

 

 

 

 

1,043

 

 

 

1,043

 

Other operating expense

 

 

3,212

 

 

 

1,107

 

 

 

4,319

 

Total operating expense

 

 

44,273

 

 

 

9,638

 

 

 

53,911

 

Income before income tax expense

 

 

3,908

 

 

 

6,540

 

 

 

10,448

 

Income tax expense

 

 

1,067

 

 

 

1,786

 

 

 

2,853

 

Net income

 

$

2,841

 

 

$

4,754

 

 

$

7,595

 

 

 

 

 

 

 

 

 

 

 

Total assets at period end

 

$

6,980,396

 

 

$

140,256

 

 

$

7,120,652