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BUSINESS SEGMENTS (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2026 and 2025.

 

 

 

Three Months Ended June 30, 2026

 

 

 

 

 

 

Wealth

 

 

 

 

(In thousands)

 

Banking

 

 

Management

 

 

Total

 

Net interest income

 

$

63,362

 

 

$

559

 

 

$

63,921

 

Noninterest income

 

 

4,858

 

 

 

17,273

 

 

 

22,131

 

Total income

 

 

68,220

 

 

 

17,832

 

 

 

86,052

 

 

 

 

 

 

 

 

 

 

 

Provision for credit losses

 

 

8,088

 

 

 

 

 

 

8,088

 

Compensation and benefits

 

 

31,659

 

 

 

7,943

 

 

 

39,602

 

Premises and equipment expense

 

 

5,103

 

 

 

730

 

 

 

5,833

 

Depreciation expense

 

 

1,065

 

 

 

111

 

 

 

1,176

 

FDIC expense

 

 

1,495

 

 

 

 

 

 

1,495

 

Professional and legal fees

 

 

1,532

 

 

 

 

 

 

1,532

 

Trust department expense

 

 

 

 

 

1,189

 

 

 

1,189

 

Other operating expense

 

 

3,897

 

 

 

943

 

 

 

4,840

 

Total operating expense

 

 

52,839

 

 

 

10,916

 

 

 

63,755

 

Income before income tax expense

 

 

15,381

 

 

 

6,916

 

 

 

22,297

 

Income tax expense

 

 

4,290

 

 

 

2,035

 

 

 

6,325

 

Net income

 

$

11,091

 

 

$

4,881

 

 

$

15,972

 

 

 

 

 

 

Three Months Ended June 30, 2025

 

 

 

 

 

 

Wealth

 

 

 

 

(In thousands)

 

Banking

 

 

Management

 

 

Total

 

Net interest income

 

$

47,713

 

 

$

577

 

 

$

48,290

 

Noninterest income

 

 

5,347

 

 

 

16,104

 

 

 

21,451

 

Total income

 

 

53,060

 

 

 

16,681

 

 

 

69,741

 

 

 

 

 

 

 

 

 

 

 

Provision for credit losses

 

 

6,586

 

 

 

 

 

 

6,586

 

Compensation and employee benefits

 

 

28,540

 

 

 

7,521

 

 

 

36,061

 

Premises and equipment expense

 

 

4,890

 

 

 

716

 

 

 

5,606

 

Depreciation expense

 

 

912

 

 

 

123

 

 

 

1,035

 

FDIC insurance expense

 

 

1,045

 

 

 

 

 

 

1,045

 

Professional and legal fees

 

 

1,645

 

 

 

 

 

 

1,645

 

Trust department expense

 

 

 

 

 

1,092

 

 

 

1,092

 

Other operating expense

 

 

4,339

 

 

 

1,070

 

 

 

5,409

 

Total operating expense

 

 

47,957

 

 

 

10,522

 

 

 

58,479

 

Income before income tax expense

 

 

5,103

 

 

 

6,159

 

 

 

11,262

 

Income tax expense

 

 

1,496

 

 

 

1,825

 

 

 

3,321

 

Net income

 

$

3,607

 

 

$

4,334

 

 

$

7,941

 

 

 

 

 

Six Months Ended June 30, 2026

 

 

 

 

 

 

Wealth

 

 

 

 

(In thousands)

 

Banking

 

 

Management

 

 

Total

 

Net interest income

 

$

122,699

 

 

$

1,118

 

 

$

123,817

 

Noninterest income

 

 

10,890

 

 

 

33,838

 

 

 

44,728

 

Total income

 

 

133,589

 

 

 

34,956

 

 

 

168,545

 

 

 

 

 

 

 

 

 

 

 

Provision for credit losses

 

 

15,415

 

 

 

 

 

 

15,415

 

Compensation and employee benefits

 

 

64,398

 

 

 

14,569

 

 

 

78,967

 

Premises and equipment expense

 

 

10,118

 

 

 

1,403

 

 

 

11,521

 

Depreciation expense

 

 

2,123

 

 

 

223

 

 

 

2,346

 

FDIC insurance expense

 

 

2,883

 

 

 

 

 

 

2,883

 

Professional and legal fees

 

 

3,069

 

 

 

17

 

 

 

3,086

 

Trust department expense

 

 

 

 

 

2,369

 

 

 

2,369

 

Other operating expense

 

 

8,122

 

 

 

1,813

 

 

 

9,935

 

Total operating expense

 

 

106,128

 

 

 

20,394

 

 

 

126,522

 

Income before income tax expense

 

 

27,461

 

 

 

14,562

 

 

 

42,023

 

Income tax expense

 

 

7,775

 

 

 

4,123

 

 

 

11,898

 

Net income

 

$

19,686

 

 

$

10,439

 

 

$

30,125

 

 

 

 

 

 

 

 

 

 

 

Total assets at period end

 

$

7,749,820

 

 

$

220,473

 

 

$

7,970,293

 

 

 

 

Six Months Ended June 30, 2025

 

 

 

 

 

 

Wealth

 

 

 

 

(In thousands)

 

Banking

 

 

Management

 

 

Total

 

Net interest income

 

$

92,624

 

 

$

1,171

 

 

$

93,795

 

Noninterest income

 

 

8,617

 

 

 

31,688

 

 

 

40,305

 

Total income

 

 

101,241

 

 

 

32,859

 

 

 

134,100

 

 

 

 

 

 

 

 

 

 

 

Provision for credit losses

 

 

11,057

 

 

 

 

 

 

11,057

 

Compensation and employee benefits

 

 

57,715

 

 

 

14,225

 

 

 

71,940

 

Premises and equipment expense

 

 

9,495

 

 

 

1,379

 

 

 

10,874

 

Depreciation expense

 

 

1,677

 

 

 

244

 

 

 

1,921

 

FDIC insurance expense

 

 

1,900

 

 

 

 

 

 

1,900

 

Professional and legal fees

 

 

2,835

 

 

 

 

 

 

2,835

 

Trust department expense

 

 

 

 

 

2,135

 

 

 

2,135

 

Other operating expense

 

 

7,551

 

 

 

2,177

 

 

 

9,728

 

Total operating expense

 

 

92,230

 

 

 

20,160

 

 

 

112,390

 

Income before income tax expense

 

 

9,011

 

 

 

12,699

 

 

 

21,710

 

Income tax expense

 

 

2,563

 

 

 

3,611

 

 

 

6,174

 

Net income

 

$

6,448

 

 

$

9,088

 

 

$

15,536

 

 

 

 

 

 

 

 

 

 

 

Total assets at period end

 

$

7,056,456

 

 

$

144,217

 

 

$

7,200,673