v3.26.1
Segment Reporting
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
We conduct our operations through a single business segment. Substantially all of our interest and fees on loans and long-lived assets relate to our operations. Pursuant to FASB ASC 280, Segment Reporting, operating segments represent components of an enterprise for which separate financial information is available that is regularly evaluated by the chief operating decision maker in determining how to allocate resources and in assessing performance. The chief operating decision maker uses a variety of measures to assess the performance of the business as a whole, depending on the nature of the activity. The Company generates revenue from several business channels. Those streams are organized by the types of partners we work with to reach our customers, with success principally measured based on interest and fees on loans, loan receivables, active accounts and other sales metrics. Detailed profitability information of the nature that could be used to allocate resources and assess the performance and operations for each sales platform individually, however, is not used by our chief operating decision maker. Expense activities, including funding costs, credit losses and operating expenses, are not measured for each platform but instead are managed for the Company as a whole.
The following table represents segment information for the three months ended March 31, 2026 and 2025 (in thousands):
Three months ended March 31,
20262025
Interest income on loans$279,304 273,031 
Interest income on cash and debt securities35,762 32,315 
Total interest income315,066 305,346 
Total interest expense121,323 123,618 
Net interest income193,743 181,728 
Provision for credit losses(2,116)638 
Net interest income after provision195,859 181,090 
Non-interest income:
Wealth management income7,402 7,328 
Insurance Agency Income6,850 5,651 
Other non-interest income (1)
17,201 14,051 
Total non-interest income31,453 27,030 
Non-interest expense:
Compensation and employee benefits66,196 62,366 
Net occupancy expense14,985 13,927 
Data processing expense9,646 9,605 
Other non-interest expense (2)
26,314 30,369 
Total non-interest expense117,141 116,267 
Income tax expense30,754 27,825 
Net income$79,417 $64,028 
(1) Other non-interest income items include fees and commissions, BOLI and other miscellaneous income.
(2) Other non-interest expense items include merger-related expenses in the prior year, amortization of intangibles and other miscellaneous expenses.
Our segment assets represent our total assets as presented on the Consolidated Statements of Financial Position.