Schedule of Segment Financial Information |
The following segment financial information was derived from the internal financial statements of the Company which are used by management to monitor and manage financial performance. The accounting policies of the three segments are the same as those of the Company. The evaluation process for segments does not include holding company income and expense. Holding company amounts are the primary differences between segment amounts and consolidated totals, and are reflected in the column labeled “Other” below, along with amounts to eliminate transactions between segments. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Core Banking | | Wealth Management Services | | Insurance | | Other | | Consolidated Totals | Three Months Ended June 30, 2025 | | | | | | | | | | | Interest and Fees on Loans | | $ | 90,002 | | | $ | — | | | $ | — | | | $ | — | | | $ | 90,002 | | Interest on Securities and Other Short-term Investments | | 16,326 | | | 85 | | | — | | | 117 | | | 16,528 | | Net Gains on Sales of Loans | | 997 | | | — | | | — | | | — | | | 997 | | Wealth Management Fees | | 1 | | | 4,164 | | | — | | | — | | | 4,165 | | Insurance Revenues | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | Reconciliation of Revenue: | | | | | | | | | | | Other Revenues | | | | | | | | | | 11,571 | | Elimination of Intercompany Revenues | | | | | | | | | | (95) | | Total Consolidated Revenue | | | | | | | | | | 123,168 | | | | | | | | | | | | | Less: | | | | | | | | | | | Interest on Deposits | | 30,730 | | | — | | | — | | | — | | | 30,730 | | Interest on FHLB Advances and Other Borrowings | | 848 | | | — | | | — | | | 1,797 | | | 2,645 | | Provision for Credit Losses | | 1,200 | | | — | | | — | | | — | | | 1,200 | | Salaries and Employee Benefits | | 24,253 | | | 1,958 | | | — | | | 427 | | | 26,638 | | | | | | | | | | | | | Reconciliation of Income before Income Taxes: | | | | | | | | | | | Other Non-interest Expense | | | | | | | | | | 22,879 | | Elimination of Intersegment Expenses | | | | | | | | | | (95) | | Income before Income Taxes | | | | | | | | | | 39,171 | | | | | | | | | | | | | Other Segment Disclosures: (1) | | | | | | | | | | | Segment Profit (Loss) Before Taxes | | 40,408 | | | 1,500 | | | — | | | (2,737) | | | 39,171 | | Segment Assets at June 30, 2025 | | 8,252,469 | | | 15,829 | | | — | | | 11,844 | | | 8,280,142 | |
(1) In the Other Segment Disclosures section, the column labeled “Other” includes holding company amounts and eliminating transactions between segments. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Core Banking | | Wealth Management Services | | Insurance | | Other | | Consolidated Totals | Three Months Ended June 30, 2024 | | | | | | | | | | | Interest and Fees on Loans | | $ | 59,230 | | | $ | — | | | $ | — | | | $ | — | | | $ | 59,230 | | Interest on Securities and Other Short-term Investments | | 12,285 | | | 38 | | | 1 | | | 136 | | | 12,460 | | Net Gains on Sales of Loans | | 969 | | | — | | | — | | | — | | | 969 | | Wealth Management Fees | | 1 | | | 3,782 | | | — | | | — | | | 3,783 | | Insurance Revenues | | — | | | 1 | | | 1,505 | | | — | | | 1,506 | | | | | | | | | | | | | Reconciliation of Revenue: | | | | | | | | | | | Other Revenues | | | | | | | | | | 12,665 | | Elimination of Intercompany Revenues | | | | | | | | | | (113) | | Total Consolidated Revenue | | | | | | | | | | 90,500 | | | | | | | | | | | | | Less: | | | | | | | | | | | Interest on Deposits | | 23,498 | | | — | | | — | | | — | | | 23,498 | | Interest on FHLB Advances and Other Borrowings | | 849 | | | — | | | — | | | 1,372 | | | 2,221 | | Provision for Credit Losses | | 625 | | | — | | | — | | | — | | | 625 | | Salaries and Employee Benefits | | 17,850 | | | 1,757 | | | 1,348 | | | 2 | | | 20,957 | | | | | | | | | | | | | Reconciliation of Income before Income Taxes: | | | | | | | | | | | Other Non-interest Expense | | | | | | | | | | 16,717 | | Elimination of Intersegment Expenses | | | | | | | | | | (113) | | Income before Income Taxes | | | | | | | | | | 26,595 | | | | | | | | | | | | | Other Segment Disclosures: (1) | | | | | | | | | | | Segment Profit (Loss) Before Taxes | | (9,791) | | | 1,405 | | | 36,696 | | | (1,715) | | | 26,595 | | Segment Assets at December 31, 2024 | | 6,340,396 | | | 13,544 | | | — | | | (58,030) | | | 6,295,910 | |
(1) In the Other Segment Disclosures section, the column labeled “Other” includes holding company amounts and eliminating transactions between segments. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Core Banking | | Wealth Management Services | | Insurance | | Other | | Consolidated Totals | Six Months Ended June 30, 2025 | | | | | | | | | | | Interest and Fees on Loans | | $ | 171,507 | | | $ | — | | | $ | — | | | $ | — | | | $ | 171,507 | | Interest on Securities and Other Short-term Investments | | 30,949 | | | 151 | | | — | | | 252 | | | 31,352 | | Net Gains on Sales of Loans | | 1,829 | | | — | | | — | | | — | | | 1,829 | | Wealth Management Fees | | 2 | | | 7,999 | | | — | | | — | | | 8,001 | | Insurance Revenues | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | Reconciliation of Revenue: | | | | | | | | | | | Other Revenues | | | | | | | | | | 21,743 | | Elimination of Intercompany Revenues | | | | | | | | | | (208) | | Total Consolidated Revenue | | | | | | | | | | 234,224 | | | | | | | | | | | | | Less: | | | | | | | | | | | Interest on Deposits | | 57,871 | | | — | | | — | | | — | | | 57,871 | | Interest on FHLB Advances and Other Borrowings | | 1,745 | | | — | | | — | | | 3,516 | | | 5,261 | | Provision for Credit Losses | | 16,500 | | | — | | | — | | | — | | | 16,500 | | Salaries and Employee Benefits | | 50,150 | | | 3,845 | | | — | | | 683 | | | 54,678 | | | | | | | | | | | | | Reconciliation of Income before Income Taxes: | | | | | | | | | | | Other Non-interest Expense | | | | | | | | | | 47,621 | | Elimination of Intersegment Expenses | | | | | | | | | | (208) | | Income before Income Taxes | | | | | | | | | | 52,501 | | | | | | | | | | | | | Other Segment Disclosures: (1) | | | | | | | | | | | Segment Profit (Loss) Before Taxes | | 57,219 | | | 2,910 | | | — | | | (7,628) | | | 52,501 | | Segment Assets at June 30, 2025 | | 8,252,469 | | | 15,829 | | | — | | | 11,844 | | | 8,280,142 | |
(1) In the Other Segment Disclosures section, the column labeled “Other” includes holding company amounts and eliminating transactions between segments. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Core Banking | | Wealth Management Services | | Insurance | | Other | | Consolidated Totals | Six Months Ended June 30, 2024 | | | | | | | | | | | Interest and Fees on Loans | | $ | 117,056 | | | $ | — | | | $ | — | | | $ | — | | | $ | 117,056 | | Interest on Securities and Other Short-term Investments | | 22,665 | | | 67 | | | 1 | | | 257 | | | 22,990 | | Net Gains on Sales of Loans | | 1,720 | | | — | | | — | | | — | | | 1,720 | | Wealth Management Fees | | 2 | | | 7,147 | | | — | | | — | | | 7,149 | | Insurance Revenues | | — | | | 1 | | | 4,383 | | | — | | | 4,384 | | | | | | | | | | | | | Reconciliation of Revenue: | | | | | | | | | | | Other Revenues | | | | | | | | | | 21,492 | | Elimination of Intercompany Revenues | | | | | | | | | | (211) | | Total Consolidated Revenue | | | | | | | | | | 174,580 | | | | | | | | | | | | | Less: | | | | | | | | | | | Interest on Deposits | | 44,585 | | | — | | | — | | | — | | | 44,585 | | Interest on FHLB Advances and Other Borrowings | | 1,749 | | | — | | | — | | | 2,747 | | | 4,496 | | Provision for Credit Losses | | 1,525 | | | — | | | — | | | — | | | 1,525 | | Salaries and Employee Benefits | | 35,643 | | | 3,409 | | | 3,079 | | | 4 | | | 42,135 | | | | | | | | | | | | | Reconciliation of Income before Income Taxes: | | | | | | | | | | | Other Non-interest Expense | | | | | | | | | | 32,277 | | Elimination of Intersegment Expenses | | | | | | | | | | (211) | | Income before Income Taxes | | | | | | | | | | 49,773 | | | | | | | | | | | | | Other Segment Disclosures: (1) | | | | | | | | | | | Segment Profit (Loss) Before Taxes | | 13,010 | | | 2,638 | | | 37,595 | | | (3,470) | | | 49,773 | | Segment Assets at December 31, 2024 | | 6,340,396 | | | 13,544 | | | — | | | (58,030) | | | 6,295,910 | |
(1) In the Other Segment Disclosures section, the column labeled “Other” includes holding company amounts and eliminating transactions between segments.
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