| Schedule of Segment Reporting Information, by Segment |
Segment performance is evaluated using consolidated net income. Information reported internally for performance assessment by the CODM follows, inclusive of reconciliations of significant segment totals to the consolidated financial statements. | | | | | | | | | | | | | | | | | | | | | | | Banking Segment | | | | Three Months Ended March 31, | | | | | | | | | 2026 | | 2025 | | | | | | | | (in thousands) | | Interest income | | | | | $ | 62,908 | | | $ | 60,092 | | | | | Reconciliation of revenue | | | | | | | | | | | Other revenues - non-interest income | | | | | 3,412 | | | 3,022 | | | | | Total consolidated revenues | | | | | 66,320 | | | 63,114 | | | | | Less: | | | | | | | | | | | Interest expense | | | | | 25,945 | | | 28,301 | | | | | Segment net interest income and non-interest income | | | | | 40,375 | | | 34,813 | | | | | Less: | | | | | | | | | | | Compensation and employee benefits | | | | | 12,673 | | | 11,775 | | | | | Provision for credit losses | | | | | 247 | | | 2,582 | | | | Other segment items (1) (2) (3) | | | | | 10,586 | | | 9,660 | | | | | Income tax expense | | | | | 5,026 | | | 2,920 | | | | | Segment expenses | | | | | 28,532 | | | 26,937 | | | | | Segment net income | | | | | $ | 11,843 | | | $ | 7,876 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Segment assets | | | | | $ | 5,735,202 | | | $ | 5,710,000 | | | | | Total consolidated assets | | | | | $ | 5,735,202 | | | $ | 5,710,000 | | | | | | | | | | | | | |
(1) Other segment items include occupancy, furniture and equipment, data processing, professional fees, advertising, FDIC insurance and other miscellaneous expenses.(2) Includes depreciation expense of $743,000 and $812,000 for the three months ended March 31, 2026, and March 31, 2025, respectively. (3) Includes amortization expense of $2.0 million and $2.5 million for the three months ended March 31, 2026, and March 31, 2025, respectively.
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