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Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Reconciliations of Segment

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

(In thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

 

 

 

 

Interest Income

 

$

39,326

 

 

$

39,449

 

 

$

79,468

 

 

$

78,224

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of revenue

 

 

 

 

 

 

 

 

 

 

 

 

Other revenues

 

 

2,933

 

 

 

1,858

 

 

 

16,190

 

 

 

3,587

 

Total consolidated revenues

 

$

42,259

 

 

$

41,307

 

 

$

95,658

 

 

$

81,811

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest Expense

 

 

14,377

 

 

 

14,965

 

 

 

28,688

 

 

 

28,856

 

Segment net interest income and noninterest income

 

$

27,882

 

 

$

26,342

 

 

$

66,970

 

 

$

52,955

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for credit losses

 

 

344

 

 

 

 

 

 

572

 

 

 

40

 

Salaries and employee benefits

 

 

10,252

 

 

 

9,941

 

 

 

21,408

 

 

 

21,059

 

Other Expenses

 

 

9,899

 

 

 

10,597

 

 

 

22,260

 

 

 

20,326

 

Consolidated net income

 

$

7,387

 

 

$

5,804

 

 

$

22,730

 

 

$

11,530

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other segment disclosures

 

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of branches

 

$

 

 

$

 

 

$

11,093

 

 

$

 

Interest income

 

$

39,326

 

 

$

39,449

 

 

$

79,468

 

 

$

78,224

 

Interest expense

 

$

14,377

 

 

$

14,965

 

 

$

28,688

 

 

$

28,856

 

Depreciation

 

$

406

 

 

$

514

 

 

$

823

 

 

$

1,012

 

Amortization of intangible assets

 

$

1,083

 

 

$

1,204

 

 

$

2,167

 

 

$

2,411

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other significant noncash items:

 

 

 

 

 

 

 

 

 

 

 

 

     Provision for credit loss

 

$

344

 

 

$

 

 

$

572

 

 

$

40