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Segment Reporting
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company is engaged primarily in providing a fully integrated suite of banking products and services consistently across all of its markets. The CODM assesses performance and decides how to allocate resources based on net income as reported in the accompanying consolidated statements of income. While the CODM monitors the revenue streams of the various banking products, services, and markets, banking operations are managed and financial performance is evaluated on a company-wide basis. Accordingly, all of the Company’s banking operations are considered by management to be aggregated in one reportable operating segment.
Financial results for the banking operations segment are presented in the table below:
For the Three Months Ended March 31, 
(in thousands)20252024
Interest and dividend income$35,808 $33,018 
Interest expense11,198 11,655 
Provision for credit losses450 300 
Noninterest income5,272 4,928 
Depreciation and amortization851 731 
Other operating expenses15,737 15,142 
Income before income tax expense$12,844 $10,118 
Income tax expense2,492 1,930 
Segment net income$10,352 $8,188 
Adjustments and reconciling items— — 
Consolidated net income$10,352 $8,188 
Banking operations segment assets were $3.19 billion and $3.15 billion as of March 31, 2025 and December 31, 2024, respectively.