v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
We conduct our operations through a single business segment. Substantially all of our interest and fees on loans and long-lived assets relate to our operations. Pursuant to FASB ASC 280, Segment Reporting, operating segments represent components of an enterprise for which separate financial information is available that is regularly evaluated by the chief operating decision maker in determining how to allocate resources and in assessing performance. The Company's Chief Operating Decision Maker ("CODM") is the President and Chief Executive Officer. The CODM uses a variety of measures to assess the performance of the business as a whole, depending on the nature of the activity. The Company generates revenue from several business channels. Those streams are organized by the types of partners we work with to reach our customers, with success principally measured based on interest and fees on loans, loan receivables, active accounts and other sales metrics. Detailed profitability information of the nature that could be used to allocate resources and assess the performance and operations for each sales platform individually, however, is not used by our chief operating decision maker. Expense activities, including funding costs, credit losses and operating expenses, are not measured for each platform but instead are managed for the Company as a whole.
The following table represents segment information for the three and six months ended June 30, 2026 and 2025 (in thousands):
Three months ended
June 30,		Six months ended
June 30,
2026202520262025
Interest income on loans$288,091 282,110 $567,394 555,141 
Interest income on cash and debt securities38,504 34,198 74,267 66,513 
Total interest income326,595 316,308 641,661 621,654 
Total interest expense123,915 129,214 245,238 252,832 
Net interest income202,680 187,094 396,423 368,822 
Provision for credit losses9,334 (2,888)7,218 (2,250)
Net interest income after provision193,346 189,982 389,205 371,072 
Non-interest income:
Wealth management income7,517 6,948 14,920 14,275 
Insurance Agency Income5,446 4,942 12,296 10,593 
Other non-interest income (1)
19,010 15,185 36,211 29,237 
Total non-interest income31,973 27,075 63,427 54,105 
Non-interest expense:
Compensation and employee benefits67,289 63,249 133,485 125,615 
Net occupancy expense12,464 13,011 27,449 26,938 
Data processing expense9,388 9,599 19,034 19,203 
Other non-interest expense (2)
30,117 28,755 56,431 59,125 
Total non-interest expense119,258 114,614 236,399 230,881 
Income tax expense27,914 30,462 58,668 58,287 
Net income$78,147 71,981 $157,565 136,009 
(1) Other non-interest income items include fees and commissions, bank owned life insurance ("BOLI") and other miscellaneous income.
(2) Other non-interest expense items include merger-related expenses in the prior year, amortization of intangibles and other miscellaneous expenses.
Our segment assets represent our total assets as presented on the Consolidated Statements of Financial Position.