v3.25.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
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 ServicesInsuranceOtherConsolidated
Totals
Three Months Ended June 30, 2025
Interest and Fees on Loans$90,002 $— $— $— $90,002 
Interest on Securities and Other Short-term Investments16,326 85 — 117 16,528 
Net Gains on Sales of Loans997 — — — 997 
Wealth Management Fees4,164 — — 4,165 
Insurance Revenues— — — — — 
Reconciliation of Revenue:
Other Revenues11,571 
Elimination of Intercompany Revenues(95)
Total Consolidated Revenue123,168 
Less:
Interest on Deposits30,730 — — — 30,730 
Interest on FHLB Advances and Other Borrowings848 — — 1,797 2,645 
Provision for Credit Losses1,200 — — — 1,200 
Salaries and Employee Benefits24,253 1,958 — 427 26,638 
Reconciliation of Income before Income Taxes:
Other Non-interest Expense22,879 
Elimination of Intersegment Expenses(95)
Income before Income Taxes39,171 
Other Segment Disclosures: (1)
Segment Profit (Loss) Before Taxes40,408 1,500 — (2,737)39,171 
Segment Assets at June 30, 20258,252,469 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 ServicesInsuranceOtherConsolidated
Totals
Three Months Ended June 30, 2024
Interest and Fees on Loans$59,230 $— $— $— $59,230 
Interest on Securities and Other Short-term Investments12,285 38 136 12,460 
Net Gains on Sales of Loans969 — — — 969 
Wealth Management Fees3,782 — — 3,783 
Insurance Revenues— 1,505 — 1,506 
Reconciliation of Revenue:
Other Revenues12,665 
Elimination of Intercompany Revenues(113)
Total Consolidated Revenue90,500 
Less:
Interest on Deposits23,498 — — — 23,498 
Interest on FHLB Advances and Other Borrowings849 — — 1,372 2,221 
Provision for Credit Losses625 — — — 625 
Salaries and Employee Benefits17,850 1,757 1,348 20,957 
Reconciliation of Income before Income Taxes:
Other Non-interest Expense16,717 
Elimination of Intersegment Expenses(113)
Income before Income Taxes26,595 
Other Segment Disclosures: (1)
Segment Profit (Loss) Before Taxes(9,791)1,405 36,696 (1,715)26,595 
Segment Assets at December 31, 20246,340,396 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 ServicesInsuranceOtherConsolidated
Totals
Six Months Ended June 30, 2025
Interest and Fees on Loans$171,507 $— $— $— $171,507 
Interest on Securities and Other Short-term Investments30,949 151 — 252 31,352 
Net Gains on Sales of Loans1,829 — — — 1,829 
Wealth Management Fees7,999 — — 8,001 
Insurance Revenues— — — — — 
Reconciliation of Revenue:
Other Revenues21,743 
Elimination of Intercompany Revenues(208)
Total Consolidated Revenue234,224 
Less:
Interest on Deposits57,871 — — — 57,871 
Interest on FHLB Advances and Other Borrowings1,745 — — 3,516 5,261 
Provision for Credit Losses16,500 — — — 16,500 
Salaries and Employee Benefits50,150 3,845 — 683 54,678 
Reconciliation of Income before Income Taxes:
Other Non-interest Expense47,621 
Elimination of Intersegment Expenses(208)
Income before Income Taxes52,501 
Other Segment Disclosures: (1)
Segment Profit (Loss) Before Taxes57,219 2,910 — (7,628)52,501 
Segment Assets at June 30, 20258,252,469 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 ServicesInsuranceOtherConsolidated
Totals
Six Months Ended June 30, 2024
Interest and Fees on Loans$117,056 $— $— $— $117,056 
Interest on Securities and Other Short-term Investments22,665 67 257 22,990 
Net Gains on Sales of Loans1,720 — — — 1,720 
Wealth Management Fees7,147 — — 7,149 
Insurance Revenues— 4,383 — 4,384 
Reconciliation of Revenue:
Other Revenues21,492 
Elimination of Intercompany Revenues(211)
Total Consolidated Revenue174,580 
Less:
Interest on Deposits44,585 — — — 44,585 
Interest on FHLB Advances and Other Borrowings1,749 — — 2,747 4,496 
Provision for Credit Losses1,525 — — — 1,525 
Salaries and Employee Benefits35,643 3,409 3,079 42,135 
Reconciliation of Income before Income Taxes:
Other Non-interest Expense32,277 
Elimination of Intersegment Expenses(211)
Income before Income Taxes49,773 
Other Segment Disclosures: (1)
Segment Profit (Loss) Before Taxes13,010 2,638 37,595 (3,470)49,773 
Segment Assets at December 31, 20246,340,396 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.