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Segment Reporting
 3 Months Ended
Mar. 31, 2025
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 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.
For periods prior to the third quarter of 2024, the Company maintained an Insurance segment that included a full service insurance agency. Effective July 1, 2024, the Bank sold substantially all of the assets of its Insurance segment.
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 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 each segment reflect its 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 that are necessary for purposes of reconciling to the consolidated amounts. Accounting policies for each segment are the same as those described in Note 1, “Significant Accounting Policies,” in the Notes to the Consolidated Financial Statements in Item 8, Financial Statements and Supplementary Data, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.
The following tables provide financial information for the Company’s operating segments as of and for the periods presented:
Community
Banks		Wealth
Management		OtherConsolidated
Three months ended March 31, 2025
Total interest income$220,291 $16 $23 $220,330 
Total interest expense79,634 — 6,499 86,133 
Net interest income (loss)$140,657 $16 $(6,476)$134,197 
Provision for credit losses4,750 — — 4,750 
Noninterest income (loss)28,845 8,064 (441)36,468 
Salaries and employee benefits68,139 3,818 — 71,957 
Net occupancy and equipment11,547 207 — 11,754 
Other segment expenses(1)
28,172 1,568 498 30,238 
Income (loss) before income taxes$56,894 $2,487 $(7,415)$51,966 
Income tax expense (benefit)12,203 103 (1,858)10,448 
Net income (loss)$44,691 $2,384 $(5,557)$41,518 
Total assets$18,266,553 $5,495 $(667)$18,271,381 
Goodwill$988,898 — — $988,898 
Community
Banks		InsuranceWealth
Management		OtherConsolidated
Three months ended March 31, 2024
Total interest income$212,655 $481 $16 $27 $213,179 
Total interest expense82,969 — — 6,920 89,889 
Net interest income (loss)$129,686 $481 $16 $(6,893)$123,290 
Provision for credit losses2,438 — — — 2,438 
Noninterest income (loss)31,491 3,596 6,633 (339)41,381 
Salaries and employee benefits66,401 1,780 3,289 — 71,470 
Net occupancy and equipment11,103 90 196 — 11,389 
Other segment expenses(2)
27,663 277 1,700 413 30,053 
Income (loss) before income taxes$53,572 $1,930 $1,464 $(7,645)$49,321 
Income tax expense (benefit)11,364 501 20 (1,973)9,912 
Net income (loss)$42,208 $1,429 $1,444 $(5,672)$39,409 
Total assets$17,303,709 $41,905 $5,409 $(5,282)$17,345,741 
Goodwill$988,898 $2,767 — — $991,665 
(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 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.