v3.25.2
SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Financial Information
Selected business segment financial information for the three months ended March 31, 2025 and 2024 were as follows:
(dollars in thousands)BankingWealth
Management
CorporateTotal
Three Months Ended March 31, 2025
Interest income$99,355 $— $— $99,355 
Interest expense38,730 17 2,318 41,065 
Net interest income (expense)60,625 (17)(2,318)58,290 
Provision for credit losses10,850 — — 10,850 
Wealth management revenue— 7,350 — 7,350 
Other noninterest income11,350 — (937)10,413 
Total noninterest income11,350 7,350 (937)17,763 
Salaries and employee benefits22,914 3,502 — 26,416 
Depreciation expense1,228 10 — 1,238 
Amortization of intangible assets644 267 — 911 
Other noninterest expense173,513 1,716 (789)174,440 
Total noninterest expense198,299 5,495 (789)203,005 
Income (loss) before income taxes (benefit)(137,174)1,838 (2,466)(137,802)
Income taxes (benefit)3,107 760 (695)3,172 
Net income (loss)$(140,281)$1,078 $(1,771)$(140,974)
Total assets$7,290,894 $33,541 $(39,631)$7,284,804 
Three Months Ended March 31, 2024
Interest income$105,518 $— $$105,526 
Interest expense43,451 2,296 45,755 
Net interest income (expense)62,067 (8)(2,288)59,771 
Provision for credit losses19,942 — — 19,942 
Wealth management revenue— 7,132 — 7,132 
Other noninterest income31,145 — (436)30,709 
Total noninterest income31,145 7,132 (436)37,841 
Salaries and employee benefits20,782 3,320 — 24,102 
Depreciation expense1,217 14 — 1,231 
Amortization of intangible assets801 288 — 1,089 
Other noninterest expense21,039 1,790 (643)22,186 
Total noninterest expense43,839 5,412 (643)48,608 
Income (loss) before income taxes (benefit)29,431 1,712 (2,081)29,062 
Income taxes (benefit)6,505 690 (796)6,399 
Net income (loss)$22,926 $1,022 $(1,285)$22,663 
Total assets$7,742,227 $33,103 $(11,622)$7,763,708 
(1)    Other noninterest expense for Banking includes occupancy and equipment, data processing, FDIC insurance, professional services, marketing, communications, loan expense and other miscellaneous expenses. Other noninterest expense for Wealth Management includes occupancy and equipment, data processing, professional services, marketing, communications and other miscellaneous expenses. Other noninterest expense for Corporate includes data processing, professional services, marketing and other miscellaneous expenses.