| Balance Sheet Information of Segment Assets |
The following table presents balance sheet information of the Company’s segment as of periods indicated (in thousands).
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June 30, 2026 |
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December 31, 2025 |
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Segment assets |
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Goodwill |
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$ |
48,536 |
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$ |
48,536 |
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Total segment assets |
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$ |
6,294,915 |
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$ |
6,235,223 |
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Reconciliation of consolidated total assets: |
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Goodwill - Courier Capital |
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|
9,585 |
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|
9,585 |
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Intangible assets, net - Courier Capital |
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|
2,028 |
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|
2,222 |
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Other assets |
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|
28,424 |
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|
27,110 |
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Consolidated total assets |
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$ |
6,334,952 |
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|
$ |
6,274,140 |
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| Segment Profit (Loss) |
The following table presents information regarding the Company’s segment for the periods indicated (in thousands).
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Three months ended
June 30, |
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Six months ended
June 30, |
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2026 |
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2025 |
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2026 |
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|
2025 |
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Interest income |
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$ |
83,076 |
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$ |
82,867 |
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$ |
164,639 |
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$ |
163,918 |
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Interest expense |
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28,341 |
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|
32,694 |
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|
56,318 |
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|
65,820 |
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Segment net interest income |
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54,735 |
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|
50,173 |
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|
108,321 |
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|
98,098 |
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Noninterest income |
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|
7,800 |
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|
|
7,868 |
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|
|
15,767 |
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|
15,638 |
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Segment noninterest expense |
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32,121 |
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|
32,505 |
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|
64,472 |
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|
62,980 |
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Income before provision for credit losses and income taxes |
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30,414 |
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25,536 |
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59,616 |
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|
50,756 |
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Provision for credit losses |
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(3,108 |
) |
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(2,562 |
) |
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(5,347 |
) |
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(5,490 |
) |
Income before income taxes |
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27,306 |
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|
22,974 |
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|
54,269 |
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|
45,266 |
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Income tax expense |
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(4,917 |
) |
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(4,289 |
) |
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(9,688 |
) |
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(8,329 |
) |
Segment net income |
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$ |
22,389 |
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$ |
18,685 |
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$ |
44,581 |
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$ |
36,937 |
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Reconciliation of consolidated net interest income: |
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Interest expense (1) |
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1,374 |
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|
1,051 |
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2,967 |
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|
2,112 |
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Consolidated net interest income |
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53,361 |
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49,122 |
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105,354 |
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95,986 |
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Reconciliation of consolidated net income: |
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Investment advisory income (2) |
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3,232 |
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|
2,844 |
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|
6,240 |
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|
5,549 |
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Other fees and income |
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|
(78 |
) |
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|
(95 |
) |
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(380 |
) |
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|
(197 |
) |
Other noninterest expense |
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(3,484 |
) |
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(3,177 |
) |
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(6,728 |
) |
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(6,387 |
) |
Income before income tax benefit |
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20,685 |
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|
17,206 |
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|
40,746 |
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|
33,790 |
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Income tax benefit |
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|
499 |
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|
326 |
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|
1,423 |
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|
620 |
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Consolidated net income |
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$ |
21,184 |
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$ |
17,532 |
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$ |
42,169 |
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$ |
34,410 |
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(1) Interest expense represents interest on subordinated notes, held at the Parent. (2) Investment advisory income primarily represents income from our subsidiary Courier Capital.
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