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) |