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Segment Reporting
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting Disclosure Segment Reporting
We operate our business as a single integrated business unit that provides a number of products and services to meet our customers banking and financial needs. Our products and services include consumer lending such as secured and unsecured installment loans, home equity loans, construction and real estate loans, credit lines and credit cards. We also offer commercial customers lending and leasing products, which include real estate secured lending, equipment finance, working capital lines of credit, credit cards and construction loans. Our products also include deposit services, such as personal and business checking accounts, savings, money market and certificates of deposits. Additionally, we provide an array of cash management services, trust and wealth management services and insurance products. These services are all delivered through the same business network.
The Company’s President and CEO is the chief operating decision maker who uses consolidated net income to assess performance and profitability of our single business segment. Consolidated net income is used to assess performance by comparing results on a monthly basis, including variances to budget and prior period results. Consideration is given to performance of components of the business, such as branches and geographic regions, which are then aggregated. This information is used to achieve strategic initiatives by allowing the chief operation decision maker to manage resources that drive our business and earnings. Additionally, consolidated net income is used to benchmark the Company against its banking peers.
The accounting policies of the single business unit are the same policies as disclosed in Note 1 - "Statement of Accounting Policies" of our December 31, 2024 Form 10-K and our segment assets are the same as assets presented in the unaudited Consolidated Statements of Financial Condition.
The following table presents information related to segment revenue, significant segment expenses and segment net income:
For the Three Months Ended June 30,For the Six Months Ended June 30,
2025202420252024
(dollars in thousands)
Interest income$158,926 $150,682 $306,054 $296,144 
Interest expense52,685 55,690 104,291 108,848 
Net interest income106,241 94,992 201,763 187,296 
Provision for credit losses12,657 7,827 18,393 12,065 
Noninterest Income
Trust income3,029 2,821 6,051 5,548 
Service charges on deposit accounts5,595 5,546 11,033 10,929 
Insurance and retail brokerage commissions3,097 3,154 6,267 5,805 
Gain on sale of mortgage loans1,836 1,671 3,223 2,999 
Gain on sale of other loans and assets2,217 1,408 3,605 3,459 
Card-related interchange income3,998 7,137 7,652 13,827 
Other segment income (a)
4,977 3,473 9,420 6,631 
Noninterest expense
Salaries and employee benefits40,584 37,320 80,999 72,644 
Net occupancy4,894 4,822 10,623 10,156 
Furniture and equipment4,547 4,278 8,740 8,758 
Data processing4,085 3,840 7,902 7,664 
Other professional fees and services1,903 1,286 3,523 2,528 
Other segment expense (b)
20,255 14,252 35,731 29,621 
Income tax provision8,663 9,489 17,005 18,421 
Segment net income$33,402 $37,088 $66,098 $74,637 
Reconciliation of net income
Adjustments and reconciling items— — — — 
Consolidated net income$33,402 $37,088 $66,098 $74,637 
(a) Other segment income includes gain/loss on securities, income from bank owned life insurance, derivative mark to market, swap fee income and other miscellaneous income.
(b) Other segment expense includes FDIC insurance, loss on sale or write-down of assets, litigation and operational losses, merger related expenses and other miscellaneous expenses.