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Segment Information
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information

Note 15 — Segment Information

The Corporation’s reportable segment is determined by the Chief Executive Officer, who is the designated chief operating decision maker, based upon information provided by the Corporation’s products and services offered, primarily banking operations. The segment is also distinguished by the level of information provided to the chief operating decision maker, who uses such information to review the performance of various components of the business. These components are then aggregated if operating performance, products and services and customers are similar. The chief operating decision maker will evaluate the financial performance of the Corporation’s business components such as by evaluating revenue streams, significant expenses, and budget to actual results in assessing the Corporation’s segment and in the determination of allocating resources. The chief operating decision maker uses revenue streams to evaluate product pricing and significant expenses to assess performance and return on assets. The chief operating decision maker uses consolidated net income to benchmark the Corporation against its competitors. The benchmarking analysis coupled with monitoring of budget to actual results is used in assessment performance and in establishing compensation. Loans, investments, and deposits provide the revenues in the banking operation. Interest expense, compensation expense, and provision for credit losses provide significant expenses in the banking operations. All operations are domestic.

 

As of and for the Nine Months
Ended September 30,

 

 

2025

 

 

2024

 

 

(In Thousands)

 

Interest income

 

$

184,558

 

 

$

173,020

 

Reconciliation of revenue

 

 

 

 

 

 

Other revenues

 

 

24,475

 

 

 

21,246

 

Total consolidated revenues

 

 

209,033

 

 

 

194,266

 

Less: interest expense

 

 

82,630

 

 

 

81,961

 

Segment net interest and non-interest income

 

 

126,403

 

 

 

112,305

 

Less:

 

 

 

 

 

 

Provision for credit losses

 

 

6,800

 

 

 

6,126

 

Compensation expense

 

 

50,723

 

 

 

47,570

 

Other segment items

 

 

24,665

 

 

 

22,759

 

Income tax expense

 

 

7,229

 

 

 

6,020

 

Segment and consolidated net income

 

$

36,986

 

 

$

29,830

 

 

 

 

 

 

 

 

Other segment disclosures:

 

 

 

 

 

 

Interest income

 

$

184,558

 

 

$

173,020

 

Interest expense

 

 

82,630

 

 

 

81,961

 

Depreciation, amortization, and accretion

 

 

2,824

 

 

 

2,723

 

Other significant noncash item:

 

 

 

 

 

 

      Provision for credit losses

 

 

6,800

 

 

 

6,126

 

Segment assets

 

 

4,034,845

 

 

 

3,715,724

 

Expenses for segment assets

 

 

75,388

 

 

 

70,329

 

 

 

 

 

 

 

 

Reconciliation of assets:

 

 

 

 

 

 

Total assets for reportable segments

 

$

4,034,845

 

 

$

3,715,724

 

Other assets

 

 

—

 

 

 

—

 

Total consolidated assets

 

$

4,034,845

 

 

$

3,715,724