v3.26.1
BUSINESS SEGMENTS (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
Following are the results of operations and the selected financial information by operating segment for the quarters ended March 31, 2026 and 2025:

Quarter Ended March 31, 2026
BankingWealth
Management
TreasuryTotalEliminationsConsolidated
Total
(In thousands)
Interest income$159,778 $$35,669 $195,452 $(1,326)$194,126 
Interest expense(31,048)— (10,591)(41,639)1,326 (40,313)
Net interest income128,730 5 25,078 153,813  153,813 
Provision for credit losses
(22,479)— (4)(22,483)— (22,483)
Non-interest income, net23,023 9,144 — 32,167 — 32,167 
Non-interest expenses [1]
Compensation and employee benefits(38,460)(2,565)(322)(41,347)— (41,347)
Occupancy, equipment and infrastructure costs(8,460)(124)(14)(8,598)— (8,598)
Depreciation and amortization of premises and equipment(4,799)(10)(11)(4,820)— (4,820)
Electronic banking charges(8,604)— — (8,604)— (8,604)
Information technology expenses(6,560)(37)— (6,597)— (6,597)
Professional and service fees(4,332)(719)(1,163)(6,214)— (6,214)
Loan servicing and clearing expenses(1,856)(573)(135)(2,564)— (2,564)
Amortization of other intangible assets(231)— — (231)— (231)
Intersegment expenses1,034 (585)(449)— —  
Other [2]
(15,088)(478)(162)(15,728)— (15,728)
Total non-interest expense(87,356)(5,091)(2,256)(94,703) (94,703)
Income before income taxes$41,918 $4,058 $22,818 $68,794 $ $68,794 
Income tax expense(14,804)— (53)(14,857)— (14,857)
Net income$27,114 $4,058 $22,765 $53,937 $ $53,937 
Total assets$10,045,598 $33,939 $3,328,963 $13,408,500 $(1,360,597)$12,047,903 
Expenditures for long-lived assets$4,356 $ $ $4,356 $ $4,356 
[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[2] Other non-interest expenses include:
Banking: taxes, other than payroll and income taxes; insurance; advertising; communication; printing, postage, stationery and supplies; travels, meals and training; credit related expenses; director and investor relations; loss on sale of foreclosed real estate and other repossessed properties; and losses and operational errors, among other business expenses.
Wealth Management: reinsurance incurred net losses; taxes, other than payroll and income taxes; advertising; insurance; and data communication and systems, among other business expenses.
Treasury: data communication and systems; taxes, other than payroll and income taxes; and insurance, among other business expenses.
Quarter Ended March 31, 2025
BankingWealth
Management
TreasuryTotalEliminationsConsolidated
Total
(In thousands)
Interest income$155,027 $$35,433 $190,465 $(1,243)$189,222 
Interest expense(34,530)— (6,864)(41,394)1,243 (40,151)
Net interest income120,497 5 28,569 149,071  149,071 
(Provision for) recapture of credit losses
(25,690)— (25,688)— (25,688)
Non-interest income, net20,700 8,817 — 29,517 — 29,517 
Non-interest expenses [1]
Compensation and employee benefits(36,786)(2,871)(275)(39,932)— (39,932)
Occupancy, equipment and infrastructure costs(9,540)(178)(16)(9,734)— (9,734)
Depreciation and amortization of premises and equipment(5,068)(13)(5)(5,086)— (5,086)
Electronic banking charges(9,670)— — (9,670)— (9,670)
Information technology expenses(6,238)(55)(6,287)— (6,287)
Professional and service fees(4,423)(642)(53)(5,118)— (5,118)
Loan servicing and clearing expenses(1,576)(590)(68)(2,234)— (2,234)
Amortization of other intangible assets(288)— — (288)— (288)
Intersegment expenses830 (520)(310)— —  
Other [2]
(14,600)(373)(130)(15,103)— (15,103)
Total non-interest expense(87,359)(5,242)(851)(93,452) (93,452)
Income before income taxes$28,148 $3,580 $27,720 $59,448 $ $59,448 
Income tax expense(13,808)(17)(51)(13,876)— (13,876)
Net income$14,340 $3,563 $27,669 $45,572 $ $45,572 
Total assets$9,567,669 $37,647 $3,350,980 $12,956,296 $(1,227,039)$11,729,257 
Expenditures for long-lived assets$4,349 $1 $ $4,350 $ $4,350 
[1] The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.
[2] Other non-interest expenses include:
Banking: taxes, other than payroll and income taxes; insurance; advertising; communication; printing, postage, stationery and supplies; travels, meals and training; credit related expenses; director and investor relations; loss on sale of foreclosed real estate and other repossessed properties; and losses and operational errors, among other business expenses.
Wealth Management: reinsurance incurred net losses; taxes, other than payroll and income taxes; advertising; insurance; and data communication and systems, among other business expenses.
Treasury: data communication and systems; taxes, other than payroll and income taxes; and insurance, among other business expenses.