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Segment Reporting
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
(In Thousands)
The operations of the Company’s reportable segments are described as follows:
•The Community Banks segment delivers a complete range of banking and financial services to individuals and small to medium-sized businesses including checking and savings accounts, business and personal loans, asset-based lending, factoring, equipment leasing and treasury management services, as well as safe deposit and night depository facilities.
•The Insurance segment includes a full service insurance agency offering all major lines of commercial and personal insurance through major carriers. Effective July 1, 2024, the Bank sold substantially all of the assets of its Insurance segment. See Note 15, “Subsequent Events” for more discussion.
•The Wealth Management segment, through the Trust division, offers a broad range of fiduciary services including the administration (as trustee or in other fiduciary or representative capacities) of benefit plans, management of trust accounts, inclusive of personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts. In addition, the Wealth Management segment, through the Financial Services division, provides specialized products and services to customers, which include fixed and variable annuities, mutual funds and other investment services through a third party broker-dealer.
To give the Company’s divisional management a more precise indication of the income and expenses they can control, the results of operations for the Community Banks, the Insurance and the Wealth Management segments reflect the direct revenues and expenses of each respective segment. Indirect revenues and expenses, including but not limited to income from the Company’s investment portfolio as well as certain costs associated with data processing and back office functions, primarily support the operations of the community banks and, therefore, are included in the results of the Community Banks segment. Included in “Other” are the operations of the holding company and other eliminations which are necessary for purposes of reconciling to the consolidated amounts.
The following tables provide financial information for the Company’s operating segments as of and for the periods presented:
Community
Banks		InsuranceWealth
Management		OtherConsolidated
Three months ended June 30, 2024
Net interest income (loss)$131,424 $461 $16 $(6,875)$125,026 
Provision for credit losses3,300 — — — 3,300 
Noninterest income (loss)29,729 2,877 6,568 (412)38,762 
Noninterest expense104,617 2,245 4,751 363 111,976 
Income (loss) before income taxes53,236 1,093 1,833 (7,650)48,512 
Income tax expense (benefit)11,276 284 80 (1,974)9,666 
Net income (loss)$41,960 $809 $1,753 $(5,676)$38,846 
Total assets$17,462,835 $41,988 $5,043 $525 $17,510,391 
Goodwill$988,898 $2,767 — — $991,665 
Three months ended June 30, 2023
Net interest income (loss)$136,381 $428 $17 $(6,610)$130,216 
Provision for credit losses2,000 — — — 2,000 
Noninterest income (loss)8,747 2,859 6,050 (430)17,226 
Noninterest expense103,282 2,070 4,407 406 110,165 
Income (loss) before income taxes39,846 1,217 1,660 (7,446)35,277 
Income tax expense (benefit)8,258 316 (18)(1,922)6,634 
Net income (loss)$31,588 $901 $1,678 $(5,524)$28,643 
Total assets$17,181,988 $37,867 $4,757 $(270)$17,224,342 
Goodwill$988,898 $2,767 — — $991,665 
Community
Banks		InsuranceWealth
Management		OtherConsolidated
Six months ended June 30, 2024
Net interest income (loss)$261,110 $942 $32 $(13,768)$248,316 
Provision for credit losses5,738 — — — 5,738 
Noninterest income (loss)61,220 6,473 13,201 (751)80,143 
Noninterest expense209,784 4,392 9,936 776 224,888 
Income (loss) before income taxes106,808 3,023 3,297 (15,295)97,833 
Income tax expense (benefit)22,640 785 100 (3,947)19,578 
Net income (loss)$84,168 $2,238 $3,197 $(11,348)$78,255 
Total assets$17,462,835 $41,988 $5,043 $525 $17,510,391 
Goodwill$988,898 $2,767 $— $— $991,665 
Six months ended June 30, 2023
Net interest income (loss)$278,169 $714 $36 $(12,928)$265,991 
Provision for credit losses8,460 — — — 8,460 
Noninterest income (loss)37,240 6,221 11,862 (804)54,519 
Noninterest expense205,163 4,109 9,335 766 219,373 
Income (loss) before income taxes101,786 2,826 2,563 (14,498)92,677 
Income tax expense (benefit)20,980 732 (14)(3,742)17,956 
Net income (loss)$80,806 $2,094 $2,577 $(10,756)$74,721 
Total assets$17,181,988 $37,867 $4,757 $(270)$17,224,342 
Goodwill$988,898 $2,767 $— $— $991,665