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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company's reportable segments are determined by the Chief Executive Officer, who is the designated chief operating decision maker, based upon information provided about the Company's products and services offered, primarily distinguished between Banking, Wealth Management and Corporate. They are also distinguished by the level of information provided to the chief operating decision maker, who uses such information to review performance of various components of the business, which are then aggregated if operating performance, products and services, and customers are similar. The chief operating decision maker analyzes the financial performance of the Company's segments, allocates resources and assesses compensation of certain employees by evaluating revenue streams, significant expenses and budget to actual results. The performance of the Banking segment is assessed by monitoring the margin between interest income and interest expense related to loans, investments, deposits and other borrowings. Pretax profit and loss is used to assess the performance of the Wealth Management segment. Interest expense, provisions for credit losses and payroll provide the significant expenses in the Banking segment, while payroll provides the significant expenses in the Wealth Management segment.
The Banking segment provides a wide range of financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products; commercial equipment financing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services; and corporate treasury management services.
The Wealth Management segment consists of trust and fiduciary services, brokerage and retirement planning services.
The Corporate segment includes the holding company financing and investment activities, administrative expenses, as well as the elimination of intercompany transactions. The Corporate segment also included our captive insurance business unit for the year ended December 31, 2023. This business was dissolved as of December 31, 2023.
Reported segments and the financial information of the reported segments are not necessarily comparable with similar information reported by other financial institutions. Additionally, because of the interrelationships of the various segments, the information presented is not indicative of how the segments would perform if they operated as independent entities. Changes in management structure or allocation methodologies and procedures may result in future changes to previously reported segment financial data. The accounting policies of the segments are substantially the same as those described in the “Summary of Significant Accounting Policies” in Note 1 of the Company’s 2023 Annual Report on Form 10-K.
Transactions between segments consist primarily of borrowed funds and servicing fees. Noninterest income and expense directly attributable to a segment are assigned to it with various shared service costs such as human resources, accounting, finance, risk management and information technology expense assigned to the Banking segment.
Selected business segment financial information for the years ended December 31, 2024, 2023 and 2022 were as follows:
(dollars in thousands)BankingWealth
Management		CorporateTotal
Year Ended December 31, 2024
Interest income$426,113 $— $15 $426,128 
Interest expense180,643 51 9,088 189,782 
Net interest income (expense)245,470 (51)(9,073)236,346 
Provision for credit losses120,332 — — 120,332 
Wealth management revenue— 28,697 — 28,697 
Credit enhancement income60,998 — — 60,998 
Other noninterest income49,123 — (77)49,046 
Total noninterest income110,121 28,697 (77)138,741 
Salaries and employee benefits79,011 14,628 — 93,639 
Depreciation expense4,950 43 — 4,993 
Amortization of intangible assets2,900 1,108 — 4,008 
Other noninterest expense(1)
101,855 6,111 (2,751)105,215 
Total noninterest expense188,716 21,890 (2,751)207,855 
Income (loss) before income taxes (benefit)46,543 6,756 (6,399)46,900 
Income taxes (benefit)10,037 3,257 (4,438)8,856 
Net income (loss)$36,506 $3,499 $(1,961)$38,044 
Total assets$7,486,121 $32,303 $(11,615)$7,506,809 
Year Ended December 31, 2023 (restated)
Interest income$416,997 $— $103 $417,100 
Interest expense159,316 12 8,951 168,279 
Net interest income (expense)257,681 (12)(8,848)248,821 
Provision for credit losses82,560 — — 82,560 
Wealth management revenue— 25,572 — 25,572 
Credit enhancement income48,194 — — 48,194 
Other noninterest income40,830 — 188 41,018 
Total noninterest income89,024 25,572 188 114,784 
Salaries and employee benefits79,584 13,854 — 93,438 
Depreciation expense4,722 56 — 4,778 
Amortization of intangible assets3,564 1,194 — 4,758 
Other noninterest expense(1)
86,798 5,143 (1,832)90,109 
Total noninterest expense174,668 20,247 (1,832)193,083 
Income (loss) before income taxes (benefit)89,477 5,313 (6,828)87,962 
Income taxes (benefit)27,348 2,309 (2,850)26,807 
Net income (loss)$62,129 $3,004 $(3,978)$61,155 
Total assets$7,768,201 $31,437 $(9,592)$7,790,046 
(dollars in thousands)BankingWealth
Management		CorporateTotal
Year Ended December 31, 2022 (restated)
Interest income$312,701 $— $14 $312,715 
Interest expense45,515 — 10,505 56,020 
Net interest income (expense)267,186 — (10,491)256,695 
Provision for credit losses76,764 — — 76,764 
Wealth management revenue— 25,708 — 25,708 
Credit enhancement income69,976 — — 69,976 
Other noninterest income54,179 — 4 54,183 
Total noninterest income124,155 25,708 4 149,867 
Salaries and employee benefits77,822 12,483 — 90,305 
Depreciation expense4,784 58 — 4,842 
Amortization of intangible assets4,121 1,289 — 5,410 
Other noninterest expense(1)
93,703 4,189 (37)97,855 
Total noninterest expense180,430 18,019 (37)198,412 
Income (loss) before income taxes (benefit)134,147 7,689 (10,450)131,386 
Income taxes (benefit)35,391 2,136 (6,378)31,149 
Net income (loss)$98,756 $5,553 $(4,072)$100,237 
Total assets$7,779,531 $29,332 $(15,797)$7,793,066 
(1)Other noninterest expense for Banking includes occupancy and equipment, data processing, FDIC insurance, professional services, marketing, communications, loan expense and other miscellaneous expenses. Other noninterest expense for Wealth Management includes occupancy and equipment, data processing, professional services, marketing, communications and other miscellaneous expenses. Other noninterest expense for Corporate includes data processing, professional services, marketing and other miscellaneous expenses.