v3.26.1
Segment Reporting
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting Disclosure Segment Reporting
We operate our business as a single integrated business unit that provides a number of products and services to meet our customers banking and financial needs. Our products and services include consumer lending such as secured and unsecured installment loans, home equity loans, construction and real estate loans, credit lines and credit cards. We also offer commercial customers lending and leasing products, which include real estate secured lending, equipment finance, working capital lines of credit, credit cards and construction loans. Our products also include deposit services, such as personal and business checking accounts, savings, money market and certificates of deposits. Additionally, we provide an array of cash management services, trust and wealth management services and insurance products. These services are all delivered through the same business network.
The Company’s President and CEO is the chief operating decision maker who uses consolidated net income to assess performance and profitability of our single business segment. Consolidated net income is used to assess performance by comparing results on a monthly basis, including variances to budget and prior period results. Consideration is given to performance of components of the business, such as branches and geographic regions, which are then aggregated. This information is used to achieve strategic initiatives by allowing the chief operation decision maker to manage resources that drive our business and earnings. Additionally, consolidated net income is used to benchmark the Company against its banking peers.
The accounting policies of the single business unit are the same policies as disclosed in Note 1 - "Statement of Accounting Policies" of our December 31, 2025 Form 10-K and our segment assets are the same as assets presented in the unaudited Consolidated Statements of Financial Condition.
The following table presents information related to segment revenue, significant segment expenses and segment net income:
For the Three Months Ended March 31,
20262025
(dollars in thousands)
Interest income$157,218 $147,128 
Interest expense48,244 51,606 
Net interest income108,974 95,522 
Provision for credit losses10,733 5,736 
Noninterest Income
Trust income3,408 3,022 
Service charges on deposit accounts5,530 5,438 
Insurance and retail brokerage commissions3,267 3,170 
Gain on sale of mortgage loans2,215 1,387 
Gain on sale of other loans and assets2,182 1,388 
Card-related interchange income3,661 3,654 
Other segment income (a)
4,324 4,443 
Noninterest expense
Salaries and employee benefits42,874 40,415 
Net occupancy5,565 5,729 
Furniture and equipment4,823 4,193 
Data processing4,183 3,817 
Other professional fees and services1,106 1,620 
Other segment expense (b)
17,044 15,476 
Income tax provision9,685 8,342 
Segment net income$37,548 $32,696 
Reconciliation of net income
Adjustments and reconciling items— — 
Consolidated net income$37,548 $32,696 
(a) Other segment income includes gain/loss on securities, income from bank owned life insurance, derivative mark to market, swap fee income and other miscellaneous income.
(b) Other segment expense includes FDIC insurance, loss on sale or write-down of assets, litigation and operational losses, merger related expenses and other miscellaneous expenses.