| Schedule of Income and Total Assets for Reportable Segments |
The following tables present the statements of income and total assets for the Company’s reportable segments for the three months ended March 31, 2025 and 2024.
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Three Months Ended March 31, 2025 |
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Wealth |
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(In thousands) |
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Banking |
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Management |
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Total |
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Net interest income |
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$ |
44,911 |
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$ |
594 |
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$ |
45,505 |
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Noninterest income |
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|
3,270 |
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15,584 |
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|
18,854 |
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Total income |
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48,181 |
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16,178 |
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64,359 |
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Provision for credit losses |
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4,471 |
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— |
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4,471 |
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Compensation and employee benefits |
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29,175 |
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6,704 |
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35,879 |
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Premises and equipment expense |
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4,605 |
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|
663 |
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5,268 |
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Depreciation expense |
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|
765 |
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|
121 |
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|
886 |
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FDIC insurance expense |
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|
855 |
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— |
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|
855 |
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Other operating expense |
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4,402 |
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|
2,150 |
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6,552 |
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Total operating expense |
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44,273 |
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9,638 |
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53,911 |
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Income before income tax expense |
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3,908 |
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6,540 |
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|
10,448 |
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Income tax expense |
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|
1,067 |
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|
1,786 |
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|
2,853 |
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Net income |
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$ |
2,841 |
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$ |
4,754 |
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$ |
7,595 |
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Total assets at period end |
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$ |
6,980,396 |
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$ |
140,256 |
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$ |
7,120,652 |
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Three Months Ended March 31, 2024 |
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Wealth |
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(In thousands) |
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Banking |
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Management |
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Total |
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Net interest income |
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$ |
33,760 |
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$ |
615 |
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$ |
34,375 |
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Noninterest income |
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4,087 |
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14,614 |
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18,701 |
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Total income |
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37,847 |
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15,229 |
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53,076 |
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Provision for credit losses |
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|
627 |
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— |
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|
627 |
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Compensation and employee benefits |
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21,723 |
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6,753 |
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28,476 |
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Premises and equipment expense |
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3,556 |
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|
559 |
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4,115 |
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Depreciation expense |
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|
822 |
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|
144 |
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|
966 |
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FDIC insurance expense |
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|
945 |
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— |
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|
945 |
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Other operating expense |
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3,588 |
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1,951 |
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|
5,539 |
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Total operating expense |
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31,261 |
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|
9,407 |
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|
40,668 |
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Income before income tax expense |
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6,586 |
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|
5,822 |
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|
12,408 |
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Income tax expense |
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|
2,007 |
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|
1,770 |
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|
3,777 |
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Net income |
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$ |
4,579 |
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$ |
4,052 |
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$ |
8,631 |
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Total assets at period end |
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$ |
6,287,018 |
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$ |
121,535 |
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$ |
6,408,553 |
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