Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Segment Financial Information

The following segment financial information has been derived from the internal financial statements of the Company which are used by management to monitor and manage financial performance. The accounting policies of the three segments are the same as those of the Company. The evaluation process for segments does not include holding company income and expense. Holding company amounts are the primary differences between segment amounts and consolidated totals, and are reflected in the column labeled “Other” below, along with amounts to eliminate transactions between segments.


	Core Banking		Wealth Management Services		Insurance		Other		Consolidated Totals
Year Ended December 31, 2023
Net Interest Income	$	195,215	$	120	$	56	$	(4,958)	$	190,433
Net Gains on Sales of Loans	2,363		—		—		—		2,363
Net Gains on Securities	40		—		—		—		40
Wealth Management Fees	5		11,706		—		—		11,711
Insurance Revenues	1		24		9,572		(1)		9,596
Noncash Items:
Provision for Credit Losses	2,550		—		—		—		2,550
Depreciation and Amortization	9,025		31		48		456		9,560
Income Tax Expense (Benefit)	18,698		695		556		(2,190)		17,759
Segment Profit (Loss)	85,037		2,974		1,682		(3,805)		85,888
Segment Assets at December 31, 2023	6,137,687		9,508		3,509		1,494		6,152,198


	Core Banking		Wealth Management Services		Insurance		Other		Consolidated Totals
Year Ended December 31, 2022
Net Interest Income	$	204,259	$	46	$	27	$	(3,748)	$	200,584
Net Gains on Sales of Loans	3,818		—		—		—		3,818
Net Gains on Securities	589		—		—		(27)		562
Wealth Management Fees	4		10,072		—		—		10,076
Insurance Revenues	31		12		9,977		—		10,020
Noncash Items:
Provision for Credit Losses	6,350		—		—		—		6,350
Depreciation and Amortization	9,571		41		48		456		10,116
Income Tax Expense (Benefit)	17,873		691		720		(1,933)		17,351
Segment Profit (Loss)	82,965		2,157		2,281		(5,578)		81,825
Segment Assets at December 31, 2022	6,152,346		8,846		14,706		(19,907)		6,155,991


	Core Banking		Wealth Management Services		Insurance		Other		Consolidated Totals
Year Ended December 31, 2021
Net Interest Income	$	163,395	$	42	$	11	$	(2,618)	$	160,830
Net Gains on Sales of Loans	8,267		—		—		—		8,267
Net Gains on Securities	2,247		—		—		—		2,247
Wealth Management Fees	4		10,317		—		—		10,321
Insurance Revenues	14		7		9,247		—		9,268
Noncash Items:
Provision for Credit Losses	(6,500)		—		—		—		(6,500)
Depreciation and Amortization	8,346		46		57		321		8,770
Income Tax Expense (Benefit)	18,774		826		652		(1,604)		18,648
Segment Profit (Loss)	82,066		2,543		2,034		(2,506)		84,137
Segment Assets at December 31, 2021	5,595,721		6,115		12,245		(5,542)		5,608,539