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Segment Reporting
 12 Months Ended
Dec. 31, 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-size businesses including checking and savings accounts, business and personal loans, asset-based lending, factoring and equipment leasing, as well as safe deposit and night depository facilities.
•The Insurance segment included 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.
•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. The Financial Services division also provides administrative and compliance services for certain mutual funds.
The Company’s reportable segments are determined by the Chief Executive Officer, who is the designated chief operating decision maker (“CODM”), based upon information provided about the Company’s products and services. The CODM evaluates the financial performance of the segments by evaluating revenue streams, significant expenses and budget to actual results, and the CODM provides guidance in strategy and the allocation of resources.
In order to give the CODM a more precise indication of the income and expenses controlled by each segment, the results of operations for the Community Banks, Insurance and the Wealth Management segments reflect their own direct revenues and expenses. 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. Accounting policies for each segment are the same as those described in Note, “Significant Accounting Policies.”
The following table provides financial information for the Company’s operating segments as of and for the years ended December 31, 2024, 2023 and 2022:
Community
Banks		InsuranceWealth
Management		OtherConsolidated
2024
Total interest income$886,666 $942 $64 $105 $887,777 
Total interest expense348,199 — — 27,382 375,581 
Net interest income538,467 942 64 (27,277)512,196 
Provision for credit losses9,273 — — — 9,273 
Noninterest income172,877 6,473 25,873 (1,563)203,660 
Salaries and employee benefits266,639 3,645 13,484 — 283,768 
Net occupancy and equipment44,989 163 808 — 45,960 
Community
Banks		InsuranceWealth
Management		OtherConsolidated
Other segment expenses(1)
125,678 584 4,362 1,266 131,890 
Income before income taxes264,765 3,023 7,283 (30,106)244,965 
Income taxes56,369 785 196 (7,842)49,508 
Net income (loss)$208,396 $2,238 $7,087 $(22,264)$195,457 
Total assets$18,033,458 $— $3,392 $(1,982)$18,034,868 
Goodwill988,898 — — — 988,898 
2023
Total interest income$795,500 $1,653 $68 $98 $797,319 
Total interest expense251,026 — — 26,966 277,992 
Net interest income544,474 1,653 68 (26,868)519,327 
Provision for credit losses15,593 — — — 15,593 
Noninterest income76,130 12,578 25,311 (944)113,075 
Salaries and employee benefits262,325 7,038 12,405 — 281,768 
Net occupancy and equipment45,303 438 730 — 46,471 
Other segment expenses(2)
102,221 1,176 6,461 1,525 111,383 
Income before income taxes195,162 5,579 5,783 (29,337)177,187 
Income taxes38,597 1,452 37 (7,577)32,509 
Net income (loss)$156,565 $4,127 $5,746 $(21,760)$144,678 
Total assets$17,313,704 $40,405 $6,590 $(164)$17,360,535 
Goodwill988,898 2,767 — — 991,665 
2022
Total interest income$538,596 $619 $2,560 $35 $541,810 
Total interest expense39,562 — 128 20,822 60,512 
Net interest income499,034 619 2,432 (20,787)481,298 
Provision for credit losses23,871 — — — 23,871 
Noninterest income114,263 11,821 24,839 (1,670)149,253 
Salaries and employee benefits242,360 7,107 12,187 — 261,654 
Net occupancy and equipment43,814 420 585 — 44,819 
Other segment expenses(3)
80,510 915 5,892 1,582 88,899 
Income before income taxes222,742 3,998 8,607 (24,039)211,308 
Income taxes50,425 1,046 — (6,231)45,240 
Net income (loss)$172,317 $2,952 $8,607 $(17,808)$166,068 
Total assets$16,882,534 $37,567 $75,383 $(7,308)$16,988,176 
Goodwill988,941 2,767 — — 991,708 
(1)    Other segment expenses for Community Banks include data processing, other real estate owned, legal and professional fees, advertising and public relations, intangible amortization, communications, merger and conversion related expenses and other miscellaneous expenses. Other segment expenses for Insurance include data processing, legal and professional fees, advertising and public relations, communications and other miscellaneous expenses. Other segment expenses for Wealth Management include data processing, legal and professional fees, advertising and public relations, intangible amortization, communications and other miscellaneous expenses.
(2)    Other segment expenses for Community Banks include data processing, other real estate owned, legal and professional fees, advertising and public relations, intangible amortization, communications and other miscellaneous expenses. Other segment expenses for Insurance include data processing, legal and professional fees, advertising and public relations, communications and other miscellaneous expenses. Other segment expenses for Wealth Management include data processing, legal and professional fees, advertising and public relations, intangible amortization, communications and other miscellaneous expenses.
(3)    Other segment expenses for Community Banks include data processing, other real estate owned, legal and professional fees, advertising and public relations, intangible amortization, communications, restructuring charges, merger and conversion related expenses and other miscellaneous expenses. Other segment expenses for Insurance include data processing, advertising and public relations, communications and other miscellaneous expenses. Other segment expenses for Wealth Management include data processing, legal and professional fees, advertising and public relations, intangible amortization, communications and other miscellaneous expenses.