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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting
The following tables provide reportable segment-specific information, as well as the Other Segment, and reconciliations to the condensed consolidated financial information for the three months ended March 31, 2025 and 2024.
Three Months Ended
March 31, 2025
(Dollars in thousands)BankingWealth ManagementInsuranceOtherConsolidated
Interest income$103,400 $16 $ $ $103,416 
Interest expense44,354   2,281 46,635 
Net interest income (expense)59,046 16  (2,281)56,781 
Noninterest income7,641 7,833 6,906 35 22,415 
Total revenue66,687 7,849 6,906 (2,246)79,196 
Provision for credit losses2,311    2,311 
Less: (1)
Salaries, benefits and commissions18,449 4,356 3,676 4,345 30,826 
Net occupancy2,288 122 179 264 2,853 
Equipment987 10 25 100 1,122 
Data processing2,572 353 144 1,295 4,364 
Professional fees576 323 14 884 1,797 
Marketing and advertising159 28 12 154 353 
Deposit insurance premiums1,151    1,151 
Intangible expense47  83  130 
Other segment items (2)
5,189 530 216 797 6,732 
Intersegment expense (revenue) (3)
6,874 128 117 (7,119) 
Income (loss) before income taxes$26,084 $1,999 $2,440 $(2,966)$27,557 
Income tax expense (benefit)5,077 406 543 (864)5,162 
Net income (loss)$21,007 $1,593 $1,897 $(2,102)$22,395 
Net capital expenditures$1,490 $7 $6 $362 $1,865 
Three Months Ended
March 31, 2024
(Dollars in thousands)BankingWealth ManagementInsuranceOtherConsolidated
Interest income$98,582 $18 $— $$98,609 
Interest expense44,861 — — 2,281 47,142 
Net interest income (expense)53,721 18 — (2,272)51,467 
Noninterest income10,959 7,353 7,288 (5)25,595 
Total revenue64,680 7,371 7,288 (2,277)77,062 
Provision for credit losses1,432 — — — 1,432 
Less: (1)
Salaries, benefits and commissions19,165 4,142 3,452 4,579 31,338 
Net occupancy2,489 80 161 142 2,872 
Equipment1,020 23 59 1,111 
Data processing3,471 353 126 545 4,495 
Professional fees690 159 23 816 1,688 
Marketing and advertising113 32 11 260 416 
Deposit insurance premiums1,135 — — — 1,135 
Intangible expense78 — 109 — 187 
Other segment items (2)
5,080 615 147 990 6,832 
Intersegment expense (revenue) (3)
5,449 52 123 (5,624)— 
Income (loss) before income taxes$24,558 $1,929 $3,113 $(4,044)$25,556 
Income tax expense (benefit)4,959 413 688 (809)5,251 
Net income (loss)$19,599 $1,516 $2,425 $(3,235)$20,305 
Net capital expenditures$(1,463)$$$48 $(1,400)
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.
(2) Other segment items for each reportable segment includes:
Banking - loan and lease financing related fees, deposit and card service fees, and certain overhead expenses.
Wealth Management - referral fees, clearing broker fees, and certain overhead expenses.
Insurance - certain overhead expenses.
Other - Board of Director fees, retirement costs, and certain overhead expenses.
(3) Includes an allocation of general and administrative expenses from both the parent holding company and the Bank.
Schedule of Significant Components of Segment Net Assets The following tables show significant components of segment net assets as of March 31, 2025 and December 31, 2024.
At March 31, 2025
(Dollars in thousands)BankingWealth ManagementInsuranceOtherConsolidated
Other segment disclosures:
Cash and cash equivalents$84,832 $50,898 $33,404 $ $169,134 
Loans and leases, including loans held for sale, net of allowance for credit losses6,758,397    6,758,397 
Goodwill138,476 15,434 21,600  175,510 
Other segment assets843,554 2,567 2,597 23,408 872,126 
Total segment assets$7,825,259 $68,899 $57,601 $23,408 $7,975,167 
At December 31, 2024
(Dollars in thousands)BankingWealth ManagementInsuranceOtherConsolidated
Other segment disclosures:
Cash and cash equivalents$247,023 $50,149 $31,672 $— $328,844 
Loans and leases, including loans held for sale, net of allowance for credit losses6,756,145 — — — 6,756,145 
Goodwill138,476 15,434 21,600 — 175,510 
Other segment assets839,359 3,485 2,828 22,246 867,918 
Total segment assets$7,981,003 $69,068 $56,100 $22,246 $8,128,417