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SEGMENT REPORTING
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING
NOTE 9 – SEGMENT REPORTING

The Company has the following four reportable segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division and Premium Finance Division. The Banking Division derives its revenues from the delivery of full-service financial services, including commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division derives its revenues from the origination, sales and servicing of one-to-four family residential mortgage loans. The Warehouse Lending Division derives its revenues from the origination and servicing of warehouse lines to other businesses that are secured by underlying
one-to-four family residential mortgage loans or mortgage servicing rights. The Premium Finance Division derives its revenues from the origination and servicing of commercial insurance premium finance loans.

The Banking, Retail Mortgage, Warehouse Lending and Premium Finance Divisions are managed as separate business units because of the different products and services they provide. The Company evaluates performance and allocates resources based on profit or loss from operations. There are no material intersegment sales or transfers.

The chief operating decision maker (CODM) within the Company is the Chief Executive Officer, who also serves as a member of the Board of Directors and as Chair of the Executive Committee of the Board. The CODM regularly receives a package of period-end reports and works with management in making necessary operating decisions, including the allocation of resources among the Company's segments. This includes evaluation of performance as measured by net income for each segment. Each segment that is reported has strategic planning, budgeting, and forecasting sessions at least annually with the CODM through executive management.

The following tables present selected financial information with respect to the Company’s reportable business segments for the three and six months ended June 30, 2025 and 2024:
 Three Months Ended
June 30, 2025
(dollars in thousands)Banking
Division
Retail
Mortgage
Division
Warehouse
Lending
Division
Premium
 Finance
 Division
Total
Interest income$239,211 $61,356 $18,174 $28,897 $347,638 
Interest expense47,710 39,325 11,083 17,707 115,825 
Net interest income191,501 22,031 7,091 11,190 231,813 
Provision for credit losses677 1,010 369 716 2,772 
Noninterest income29,275 37,726 1,893 17 68,911 
Noninterest expense     
Salaries and employee benefits62,001 24,358 618 2,331 89,308 
Occupancy and equipment10,547 811 36 11,401 
Data processing and communications expenses13,825 1,391 59 91 15,366 
Other expenses(1)
25,478 12,496 96 1,115 39,185 
Total noninterest expense111,851 39,056 780 3,573 155,260 
Income before income tax expense108,248 19,691 7,835 6,918 142,692 
Income tax expense25,667 4,135 1,646 1,410 32,858 
Net income$82,581 $15,556 $6,189 $5,508 $109,834 
Total assets$19,143,429 $4,723,883 $1,114,158 $1,698,683 $26,680,153 
Goodwill951,148 — — 64,498 1,015,646 
Other intangible assets, net60,952 — — 1,630 62,582 
 Three Months Ended
June 30, 2024
(dollars in thousands)Banking
Division
Retail
Mortgage
Division
Warehouse
Lending
Division
Premium
 Finance
 Division
Total
Interest income$243,857 $59,001 $19,380 $25,085 $347,323 
Interest expense70,320 35,259 13,088 16,735 135,402 
Net interest income173,537 23,742 6,292 8,350 211,921 
Provision for credit losses20,888 (2,882)359 408 18,773 
Noninterest income37,527 50,145 1,028 11 88,711 
Noninterest expense     
Salaries and employee benefits59,923 25,254 1,124 1,900 88,201 
Occupancy and equipment11,474 1,008 70 12,559 
Data processing and communications expenses13,756 1,276 59 102 15,193 
Other expenses(1)
24,614 13,397 298 1,095 39,404 
Total noninterest expense109,767 40,935 1,488 3,167 155,357 
Income before income tax expense80,409 35,834 5,473 4,786 126,502 
Income tax expense26,090 7,525 1,149 953 35,717 
Net income$54,319 $28,309 $4,324 $3,833 $90,785 
Total assets$18,933,072 $5,100,837 $1,089,263 $1,397,556 $26,520,728 
Goodwill951,148 — — 64,498 1,015,646 
Other intangible assets, net74,605 — — 4,515 79,120 
(1) Other expenses for each reportable segment include credit resolution-related expenses, advertising and marketing expenses, amortization of intangible assets, and loan servicing expenses.
 Six Months Ended
June 30, 2025
(dollars in thousands)Banking
Division
Retail
Mortgage
Division
Warehouse
Lending
Division
Premium
 Finance
 Division
Total
Interest income$472,530 $119,288 $33,374 $56,224 $681,416 
Interest expense96,816 75,413 20,381 35,154 227,764 
Net interest income375,714 43,875 12,993 21,070 453,652 
Provision for credit losses17,097 6,201 194 1,172 24,664 
Noninterest income57,999 72,455 2,447 33 132,934 
Noninterest expense
Salaries and employee benefits124,717 45,353 1,170 4,683 175,923 
Occupancy and equipment20,351 1,640 14 73 22,078 
Data processing and communications expenses27,216 2,688 97 220 30,221 
Other expenses(1)
51,163 24,459 366 2,084 78,072 
Total noninterest expense223,447 74,140 1,647 7,060 306,294 
Income before income tax expense193,169 35,989 13,599 12,871 255,628 
Income tax expense44,821 7,558 2,856 2,624 57,859 
Net income$148,348 $28,431 $10,743 $10,247 $197,769 
 Six Months Ended
June 30, 2024
(dollars in thousands)Banking
Division
Retail
Mortgage
Division
Warehouse
Lending
Division
Premium
 Finance
 Division
Total
Interest income$478,979 $114,100 $35,863 $47,833 $676,775 
Interest expense140,974 67,071 23,543 31,878 263,466 
Net interest income338,005 47,029 12,320 15,955 413,309 
Provision for credit losses40,015 (550)504 (91)39,878 
Noninterest income63,890 88,910 1,768 21 154,589 
Noninterest expense
Salaries and employee benefits118,839 46,327 2,012 3,953 171,131 
Occupancy and equipment23,227 2,057 14 146 25,444 
Data processing and communications expenses26,940 2,642 84 181 29,847 
Other expenses(1)
49,061 25,927 535 2,123 77,646 
Total noninterest expense218,067 76,953 2,645 6,403 304,068 
Income before income tax expense143,813 59,536 10,939 9,664 223,952 
Income tax expense42,118 12,503 2,297 1,937 58,855 
Net income$101,695 $47,033 $8,642 $7,727 $165,097 
(1) Other expenses for each reportable segment include credit resolution-related expenses, advertising and marketing expenses, amortization of intangible assets, and loan servicing expenses.