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Segment Information (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segments

 

For the Year Ended December 31,

 

 

2024

 

 

2023

 

 

2022

 

 

(In Thousands)

 

Interest income

 

$

233,130

 

 

$

194,928

 

 

$

121,371

 

Reconciliation of revenue

 

 

 

 

 

 

 

 

 

Other revenues

 

 

29,251

 

 

 

31,308

 

 

 

29,428

 

Total consolidated revenues

 

 

262,381

 

 

 

226,236

 

 

 

150,799

 

Less: interest expense

 

 

108,924

 

 

 

82,340

 

 

 

22,949

 

Segment net interest and non-interest income

 

 

153,457

 

 

 

143,896

 

 

 

127,850

 

Less:

 

 

 

 

 

 

 

 

 

Provision for credit losses

 

 

8,827

 

 

 

8,182

 

 

 

(3,868

)

Compensation expense

 

 

63,105

 

 

 

61,059

 

 

 

57,742

 

Other segment items

 

 

30,375

 

 

 

27,516

 

 

 

21,732

 

Income tax expense

 

 

6,905

 

 

 

10,112

 

 

 

11,386

 

Segment and consolidated net income

 

$

44,245

 

 

$

37,027

 

 

$

40,858

 

 

 

 

 

 

 

 

 

 

 

Other segment disclosures:

 

 

 

 

 

 

 

 

 

Interest income

 

$

233,130

 

 

$

194,928

 

 

$

121,371

 

Interest expense

 

 

108,924

 

 

 

82,340

 

 

 

22,949

 

Depreciation, amortization, and accretion

 

 

3,738

 

 

 

3,636

 

 

 

4,066

 

Other significant noncash item:

 

 

 

 

 

 

 

 

 

      Provision for credit losses

 

 

8,827

 

 

 

8,182

 

 

 

(3,868

)

Segment assets

 

 

3,853,215

 

 

 

3,507,846

 

 

 

2,976,611

 

Expenses for segment assets

 

 

93,480

 

 

 

88,575

 

 

 

79,474

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of assets:

 

 

 

 

 

 

 

 

 

Total assets for reportable segments

 

$

3,853,215

 

 

$

3,507,846

 

 

$

2,976,611

 

Other assets

 

 

 

 

 

 

 

 

 

Total consolidated assets

 

$

3,853,215

 

 

$

3,507,846

 

 

$

2,976,611