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SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company's reportable segments are comprised of strategic business units primarily based upon industry categories and, to a lesser extent, the core competencies relating to product origination, distribution methods, operations and servicing. Segment determination also considers organizational structure and is consistent with the presentation of financial information to the chief operating decision maker to evaluate segment performance, develop strategy and allocate resources. The Company's chief operating decision maker is the Chief Executive Officer of the Company. Management has determined that the Company has three reportable segments consisting of Banking, Wealth Management and Corporate.
The Banking segment provides a wide range of financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products; commercial equipment financing; mortgage
loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services; and corporate treasury management services.
The Wealth Management segment consists of trust and fiduciary services, brokerage and retirement planning services.
The Corporate segment includes the holding company financing and investment activities, administrative expenses, as well as the elimination of intercompany transactions. The Corporate segment also included our captive insurance business unit for the nine months ended September 30, 2023. This business was dissolved as of December 31, 2023.
Reported segments and the financial information of the reported segments are not necessarily comparable with similar information reported by other financial institutions. Additionally, because of the interrelationships of the various segments, the information presented is not indicative of how the segments would perform if they operated as independent entities. Changes in management structure or allocation methodologies and procedures may result in future changes to previously reported segment financial data. The accounting policies of the segments are substantially the same as those described in the “Summary of Significant Accounting Policies” in Note 1 of the Company’s 2023 Annual Report on Form 10-K.
Transactions between segments consist primarily of borrowed funds and servicing fees. Noninterest income and expense directly attributable to a segment are assigned to it with various shared service costs such as human resources, accounting, finance, risk management and information technology expense assigned to the Banking segment.
Selected business segment financial information for the three and nine months ended September 30, 2024 and 2023 were as follows:
(dollars in thousands)BankingWealth
Management		CorporateTotal
Three Months Ended September 30, 2024
Net interest income (expense)$57,091 $(16)$(2,125)$54,950 
Provision for credit losses5,000 — — 5,000 
Noninterest income12,137 7,104 98 19,339 
Noninterest expense41,996 5,515 (778)46,733 
Income (loss) before income taxes (benefit)22,232 1,573 (1,249)22,556 
Income taxes (benefit)5,159 1,136 (2,215)4,080 
Net income (loss)$17,073 $437 $966 $18,476 
Total assets$7,728,251 $33,763 $(10,531)$7,751,483 
Nine Months Ended September 30, 2024
Net interest income (expense)$172,530 $(36)$(6,572)$165,922 
Provision for credit losses35,800 — — 35,800 
Noninterest income37,503 21,037 (358)58,182 
Noninterest expense124,886 16,269 (2,076)139,079 
Income (loss) before income taxes (benefit)49,347 4,732 (4,854)49,225 
Income taxes (benefit)11,324 2,444 (3,654)10,114 
Net income (loss)$38,023 $2,288 $(1,200)$39,111 
Total assets$7,728,251 $33,763 $(10,531)$7,751,483 
Three Months Ended September 30, 2023
Net interest income (expense)$60,817 $(3)$(2,218)$58,596 
Provision for credit losses5,168 — — 5,168 
Noninterest income5,367 6,288 (110)11,545 
Noninterest expense37,272 5,023 (257)42,038 
Income (loss) before income taxes (benefit)23,744 1,262 (2,071)22,935 
Income taxes (benefit)11,475 913 (855)11,533 
Net income (loss)$12,269 $349 $(1,216)$11,402 
Total assets$7,957,507 $30,860 $(19,082)$7,969,285 
Nine Months Ended September 30, 2023
Net interest income (expense)$184,460 $(3)$(6,517)$177,940 
Provision for credit losses14,182 — — 14,182 
Noninterest income26,862 18,968 247 46,077 
Noninterest expense115,669 14,539 (794)129,414 
Income (loss) before income taxes (benefit)81,471 4,426 (5,476)80,421 
Income taxes (benefit)26,007 1,797 (2,132)25,672 
Net income (loss)$55,464 $2,629 $(3,344)$54,749 
Total assets$7,957,507 $30,860 $(19,082)$7,969,285