v3.26.1
Note 14 - Segment Reporting
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

Note 14. Segment Reporting

 

Accounting policies for segments are the same as those described in Note 1a. Segment performance is evaluated using Consolidated Bank net income. Information reported internally for performance assessment by the CODM follows, inclusive of reconciliations of significant segment totals to the financial statements:

 

  

Consolidated Bank

 
  

Three Months Ended March 31,

 
  

2026

  

2025

 

(dollars in thousands)

        
         

Interest income

 $184,397  $124,789 

Noninterest income

  6,661   3,749 

Total segment income

 $191,058  $128,538 
         

Less:

        

Interest expense

  71,208   57,735 

Segment net interest income and noninterest income

  119,850   70,803 

Less:

        

Provision for credit losses

  5,200   3,500 

Salaries and employee benefits

  32,768   22,578 

Other segment items*

  25,151   16,332 

Income tax (benefit) expense

  14,708   7,160 

Segment consolidated net (loss) income

 $42,023  $21,233 
         

Other segment disclosures

        

Interest income

 $184,397  $124,789 

Interest expense

  71,208   57,735 

Depreciation

  1,806   1,098 

Amortization of core deposit intangibles

  2,845   279 

Other significant noncash items:

        

Provision for credit losses

  5,200   3,500 

Segment assets

  14,200,455   9,751,832 

Total expenses for segment assets

  149,035   107,306 
         

Reconciliation of assets

        

Total assets for segment

 $14,200,455  $9,751,832 

Other assets

  9,106   7,423 

Total consolidated assets

 $14,209,561  $9,759,255 

 

*Occupancy and equipment, Federal Deposit Insurance Corporation ("FDIC") insurance premium, professional and consulting fees, marketing and advertising, information technology and communications, merger expenses and restructuring charges, and other expenses.