v3.25.2
Note 9 - BUSINESS SEGMENT INFORMATION - Selected Financial Information on the Company's Business Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Interest and dividend income $ 120,247   $ 119,746   $ 236,920 $ 234,795  
Interest expense 58,165   63,583   114,852 123,933  
Net interest income 62,082   56,163   122,068 110,862  
Provision for credit losses 4,043   5,496   8,277 8,465  
Noninterest income              
Capital markets revenue 9,869   17,758   16,385 34,215  
Other segment revenue items 12,246   13,131   22,622 23,532  
Total noninterest income 22,115   30,889   39,007 57,747  
Noninterest expense              
Salaries and benefits expense 28,474   31,079   55,838 62,939  
Occupancy expense 6,837   6,377   13,292 12,891  
Other segment expense items 14,272   12,432   26,992 24,748  
Total noninterest expense 49,583   49,888   96,122 100,578  
Income tax expense 1,552   2,554   1,860 3,726  
Net income 29,019 $ 25,797 29,114 $ 26,726 54,816 55,840  
Goodwill 138,595   139,027   138,595 139,027 $ 138,595
Intangibles 9,738   12,441   9,738 12,441 11,061
Total assets 9,242,331   8,871,991   9,242,331 8,871,991 $ 9,026,030
Operating Segments | Commercial Banking | QCBT              
Interest and dividend income 36,857   37,222   72,794 72,952  
Interest expense 17,887   19,497   35,200 38,264  
Net interest income 18,970   17,725   37,594 34,688  
Provision for credit losses 2,082   3,228   3,494 6,453  
Noninterest income              
Capital markets revenue 16       16    
Other segment revenue items 5,277   4,644   10,488 9,296  
Total noninterest income 5,293   4,644   10,504 9,296  
Noninterest expense              
Salaries and benefits expense 7,449   7,986   14,858 16,119  
Occupancy expense 1,603   1,451   3,142 2,948  
Other segment expense items 4,064   3,725   8,098 7,491  
Total noninterest expense 13,116   13,162   26,098 26,558  
Income tax expense 825   423   1,722 513  
Net income 8,240   5,556   16,784 10,460  
Goodwill 2,791   3,223   2,791 3,223  
Total assets 2,662,450   2,559,049   2,662,450 2,559,049  
Operating Segments | Commercial Banking | CRBT              
Interest and dividend income 32,949   30,760   64,881 60,529  
Interest expense 12,926   13,660   25,392 26,521  
Net interest income 20,023   17,100   39,489 34,008  
Provision for credit losses 1,190   2,028   1,276 1,794  
Noninterest income              
Capital markets revenue 8,553   16,014   14,156 31,219  
Other segment revenue items 4,017   3,394   6,412 6,395  
Total noninterest income 12,570   19,408   20,568 37,614  
Noninterest expense              
Salaries and benefits expense 8,952   8,873   16,813 18,320  
Occupancy expense 1,770   1,558   3,366 3,143  
Other segment expense items 3,606   3,524   7,158 7,042  
Total noninterest expense 14,328   13,955   27,337 28,505  
Income tax expense 1,643   2,788   2,407 5,543  
Net income 15,432   17,737   29,037 35,780  
Goodwill 14,980   14,980   14,980 14,980  
Intangibles 508   755   508 755  
Total assets 2,664,293   2,428,266   2,664,293 2,428,266  
Operating Segments | Commercial Banking | CSB              
Interest and dividend income 20,981   20,092   40,989 39,338  
Interest expense 8,468   8,808   16,570 16,979  
Net interest income 12,513   11,284   24,419 22,359  
Provision for credit losses 152   47   1,514 233  
Noninterest income              
Capital markets revenue         62    
Other segment revenue items 1,242   1,387   2,744 2,651  
Total noninterest income 1,242   1,387   2,806 2,651  
Noninterest expense              
Salaries and benefits expense 4,777   4,617   9,650 9,136  
Occupancy expense 1,217   1,178   2,455 2,424  
Other segment expense items 2,383   2,216   4,488 4,180  
Total noninterest expense 8,377   8,011   16,593 15,740  
Income tax expense 65   (14)   (181) (39)  
Net income 5,161   4,627   9,299 9,076  
Goodwill 9,888   9,888   9,888 9,888  
Intangibles 600   1,148   600 1,148  
Total assets 1,605,966   1,531,109   1,605,966 1,531,109  
Operating Segments | Commercial Banking | GB              
Interest and dividend income 30,369   31,965   59,712 62,508  
Interest expense 16,004   18,103   31,566 35,132  
Net interest income 14,365   13,862   28,146 27,376  
Provision for credit losses 619   193   1,993 (15)  
Noninterest income              
Capital markets revenue 1,300   1,744   2,151 2,996  
Other segment revenue items 2,009   4,214   3,683 6,044  
Total noninterest income 3,309   5,958   5,834 9,040  
Noninterest expense              
Salaries and benefits expense 7,474   6,842   13,978 14,003  
Occupancy expense 1,795   1,747   3,392 3,459  
Other segment expense items 3,158   2,586   6,234 5,614  
Total noninterest expense 12,427   11,175   23,604 23,076  
Income tax expense (336)   187   (752) 84  
Net income 4,964   8,265   9,135 13,271  
Goodwill 110,936   110,936   110,936 110,936  
Intangibles 8,630   10,538   8,630 10,538  
Total assets 2,365,944   2,369,754   2,365,944 2,369,754  
Operating Segments | Other Segments              
Interest and dividend income 72   96   159 160  
Interest expense 4,284   4,270   8,570 8,443  
Net interest income (4,212)   (4,174)   (8,411) (8,283)  
Noninterest income              
Other segment revenue items 35,011   37,199   66,727 70,804  
Total noninterest income 35,011   37,199   66,727 70,804  
Noninterest expense              
Salaries and benefits expense (178)   2,761   539 5,361  
Occupancy expense 452   443   937 917  
Other segment expense items 1,710   984   2,308 1,628  
Total noninterest expense 1,984   4,188   3,784 7,906  
Income tax expense (645)   (830)   (1,336) (2,375)  
Net income 29,460   29,667   55,868 56,990  
Total assets 1,381,743   1,263,250   1,381,743 1,263,250  
Intercompany Eliminations              
Interest and dividend income (981)   (389)   (1,615) (692)  
Interest expense (1,404)   (755)   (2,446) (1,406)  
Net interest income 423   366   831 714  
Noninterest income              
Other segment revenue items (35,310)   (37,707)   (67,432) (71,658)  
Total noninterest income (35,310)   (37,707)   (67,432) (71,658)  
Noninterest expense              
Other segment expense items (649)   (603)   (1,294) (1,207)  
Total noninterest expense (649)   (603)   (1,294) (1,207)  
Net income (34,238)   (36,738)   (65,307) (69,737)  
Total assets $ (1,438,065)   $ (1,279,437)   $ (1,438,065) $ (1,279,437)