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Segment Reporting
6 Months Ended
Jun. 30, 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 June 30, For the Six Months Ended June 30, 
(in thousands)2025202420252024
Interest and dividend income$36,730 $33,681 $72,538 $66,699 
Interest expense10,911 11,894 22,109 23,549 
Provision for credit losses450 300 900 600 
Noninterest income4,718 5,098 9,990 10,026 
Depreciation and amortization878 749 1,729 1,480 
Other operating expenses16,489 15,940 32,226 31,082 
Income before income tax expense$12,720 $9,896 $25,564 $20,014 
Income tax expense2,524 1,909 5,016 3,839 
Segment net income$10,196 $7,987 $20,548 $16,175 
Adjustments and reconciling items— — — — 
Consolidated net income$10,196 $7,987 $20,548 $16,175 
Banking operations segment assets were $3.17 billion and $3.15 billion as of June 30, 2025 and December 31, 2024, respectively.