| Schedule of Income and Total Assets for Reportable Segments |
The following tables present the statements of income and total assets for the Company’s reportable segments for the three and six months ended June 30, 2026 and 2025.
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Three Months Ended June 30, 2026 |
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Wealth |
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(In thousands) |
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Banking |
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Management |
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Total |
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Net interest income |
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$ |
63,362 |
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$ |
559 |
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$ |
63,921 |
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Noninterest income |
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|
4,858 |
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|
17,273 |
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|
22,131 |
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Total income |
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|
68,220 |
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|
17,832 |
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|
86,052 |
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Provision for credit losses |
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8,088 |
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— |
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|
8,088 |
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Compensation and benefits |
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31,659 |
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7,943 |
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39,602 |
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Premises and equipment expense |
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5,103 |
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|
730 |
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|
5,833 |
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Depreciation expense |
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|
1,065 |
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|
111 |
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|
1,176 |
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FDIC expense |
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|
1,495 |
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— |
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|
1,495 |
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Professional and legal fees |
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|
1,532 |
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— |
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|
1,532 |
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Trust department expense |
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— |
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1,189 |
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|
1,189 |
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Other operating expense |
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3,897 |
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|
943 |
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|
4,840 |
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Total operating expense |
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52,839 |
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|
10,916 |
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|
63,755 |
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Income before income tax expense |
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|
15,381 |
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|
6,916 |
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|
22,297 |
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Income tax expense |
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|
4,290 |
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|
2,035 |
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|
6,325 |
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Net income |
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$ |
11,091 |
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$ |
4,881 |
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$ |
15,972 |
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Three Months Ended June 30, 2025 |
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Wealth |
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(In thousands) |
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Banking |
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Management |
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Total |
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Net interest income |
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$ |
47,713 |
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$ |
577 |
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$ |
48,290 |
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Noninterest income |
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5,347 |
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16,104 |
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|
21,451 |
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Total income |
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53,060 |
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16,681 |
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69,741 |
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Provision for credit losses |
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6,586 |
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— |
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6,586 |
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Compensation and employee benefits |
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28,540 |
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7,521 |
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36,061 |
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Premises and equipment expense |
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4,890 |
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|
716 |
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5,606 |
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Depreciation expense |
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|
912 |
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|
123 |
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|
1,035 |
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FDIC insurance expense |
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|
1,045 |
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— |
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|
1,045 |
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Professional and legal fees |
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|
1,645 |
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— |
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|
1,645 |
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Trust department expense |
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— |
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|
|
1,092 |
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|
1,092 |
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Other operating expense |
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|
4,339 |
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|
|
1,070 |
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|
5,409 |
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Total operating expense |
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47,957 |
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|
10,522 |
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58,479 |
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Income before income tax expense |
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|
5,103 |
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|
6,159 |
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|
11,262 |
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Income tax expense |
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|
1,496 |
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|
1,825 |
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|
3,321 |
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Net income |
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$ |
3,607 |
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$ |
4,334 |
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$ |
7,941 |
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Six Months Ended June 30, 2026 |
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Wealth |
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(In thousands) |
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Banking |
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Management |
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Total |
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Net interest income |
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$ |
122,699 |
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$ |
1,118 |
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$ |
123,817 |
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Noninterest income |
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|
10,890 |
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|
33,838 |
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|
44,728 |
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Total income |
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133,589 |
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|
34,956 |
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|
168,545 |
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Provision for credit losses |
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|
15,415 |
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— |
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|
15,415 |
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Compensation and employee benefits |
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|
64,398 |
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|
14,569 |
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|
78,967 |
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Premises and equipment expense |
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|
10,118 |
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|
1,403 |
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|
11,521 |
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Depreciation expense |
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|
2,123 |
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|
|
223 |
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|
|
2,346 |
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FDIC insurance expense |
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|
2,883 |
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— |
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|
2,883 |
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Professional and legal fees |
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|
3,069 |
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|
17 |
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|
3,086 |
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Trust department expense |
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— |
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|
2,369 |
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|
2,369 |
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Other operating expense |
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|
8,122 |
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|
1,813 |
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|
9,935 |
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Total operating expense |
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|
106,128 |
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|
20,394 |
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|
126,522 |
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Income before income tax expense |
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|
27,461 |
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|
14,562 |
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|
42,023 |
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Income tax expense |
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|
7,775 |
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|
4,123 |
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|
11,898 |
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Net income |
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$ |
19,686 |
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$ |
10,439 |
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$ |
30,125 |
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Total assets at period end |
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$ |
7,749,820 |
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$ |
220,473 |
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$ |
7,970,293 |
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Six Months Ended June 30, 2025 |
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Wealth |
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(In thousands) |
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Banking |
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Management |
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Total |
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Net interest income |
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$ |
92,624 |
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$ |
1,171 |
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$ |
93,795 |
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Noninterest income |
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|
8,617 |
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|
31,688 |
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|
40,305 |
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Total income |
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|
101,241 |
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|
|
32,859 |
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|
|
134,100 |
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Provision for credit losses |
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|
11,057 |
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|
|
— |
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|
|
11,057 |
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Compensation and employee benefits |
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|
57,715 |
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|
|
14,225 |
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|
71,940 |
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Premises and equipment expense |
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|
9,495 |
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|
|
1,379 |
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|
10,874 |
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Depreciation expense |
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|
1,677 |
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|
|
244 |
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|
|
1,921 |
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FDIC insurance expense |
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|
1,900 |
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|
— |
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|
|
1,900 |
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Professional and legal fees |
|
|
2,835 |
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|
|
— |
|
|
|
2,835 |
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Trust department expense |
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|
— |
|
|
|
2,135 |
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|
|
2,135 |
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Other operating expense |
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|
7,551 |
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|
|
2,177 |
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|
9,728 |
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Total operating expense |
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|
92,230 |
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|
20,160 |
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|
112,390 |
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Income before income tax expense |
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|
9,011 |
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|
12,699 |
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|
21,710 |
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Income tax expense |
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|
2,563 |
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|
3,611 |
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|
6,174 |
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Net income |
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$ |
6,448 |
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$ |
9,088 |
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$ |
15,536 |
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Total assets at period end |
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$ |
7,056,456 |
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$ |
144,217 |
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$ |
7,200,673 |
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