v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information

Note 15 — Segment Information

The Corporation’s reportable segment is determined by the Chief Executive Officer, who is the designated chief operating decision maker, based upon information provided by the Corporation’s products and services offered, primarily banking operations. The segment is also distinguished by the level of information provided to the chief operating decision maker, who uses such information to review the performance of various components of the business. These components are then aggregated if operating performance, products and services and customers are similar. The chief operating decision maker will evaluate the financial performance of the Corporation’s business components such as by evaluating revenue streams, significant expenses, and budget to actual results in assessing the Corporation’s segment and in the determination of allocating resources. The chief operating decision maker uses revenue streams to evaluate product pricing and significant expenses to assess performance and return on assets. The chief operating decision maker uses consolidated net income to benchmark the Corporation against its competitors. The benchmarking analysis coupled with monitoring of budget to actual results is used in assessment performance and in establishing compensation. Loans, investments, and deposits provide the revenues in the banking operation. Interest expense, compensation expense, and provision for credit losses provide significant expenses in the banking operations. All operations are domestic.

 

As of and for the Six Months
Ended June 30,

 

 

2026

 

 

2025

 

 

(In Thousands)

 

Interest income

 

$

126,916

 

 

$

120,812

 

Reconciliation of revenue

 

 

 

 

 

 

Other revenues

 

 

17,345

 

 

 

14,834

 

Total consolidated revenues

 

 

144,261

 

 

 

135,646

 

Less: interest expense

 

 

53,257

 

 

 

53,770

 

Segment net interest and non-interest income

 

 

91,004

 

 

 

81,876

 

Less:

 

 

 

 

 

 

Provision for credit losses

 

 

5,027

 

 

 

5,360

 

Compensation expense

 

 

37,003

 

 

 

33,281

 

Other segment items

 

 

17,799

 

 

 

16,406

 

Income tax expense

 

 

3,395

 

 

 

4,236

 

Segment and consolidated net income

 

$

27,780

 

 

$

22,593

 

 

 

 

 

 

 

 

Other segment disclosures:

 

 

 

 

 

 

Interest income

 

$

126,916

 

 

$

120,812

 

Interest expense

 

 

53,257

 

 

 

53,770

 

Depreciation, amortization, and accretion

 

 

1,897

 

 

 

1,821

 

Other significant noncash item:

 

 

 

 

 

 

      Provision for credit losses

 

 

5,027

 

 

 

5,360

 

Segment assets

 

 

4,410,004

 

 

 

4,002,725

 

Expenses for segment assets

 

 

54,802

 

 

 

49,687

 

 

 

 

 

 

 

 

Reconciliation of assets:

 

 

 

 

 

 

Total assets for reportable segments

 

$

4,410,004

 

 

$

4,002,725

 

Other assets

 

 

—

 

 

 

—

 

Total consolidated assets

 

$

4,410,004

 

 

$

4,002,725