v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting
The following tables present the operating segment results for the periods presented below (dollars in thousands):
(Dollars in thousands)As of or for the Three Months Ended June 30,
20262025
Retail
Banking		MPPTotalRetail
Banking		MPPTotal
Interest income$46,033 $61,005 $107,038 $47,976 $45,117 $93,093 
Interest expense(64,616)— (64,616)(56,573)— (56,573)
Funds transfer pricing39,092 (39,092)— 30,020 (30,020)— 
Net interest income20,509 21,913 42,422 21,423 15,097 36,520 
Provision (benefit) for credit losses179 31 210 414 169 583 
Net income after provision20,330 21,882 42,212 21,009 14,928 35,937 
Noninterest income (1)
19,588 2,306 21,894 21,083 1,355 22,438 
Salaries and employee benefits(22,459)(2,567)(25,026)(20,483)(1,751)(22,234)
Occupancy and equipment(728)(16)(744)(731)(187)(918)
Other noninterest expense (2)
(9,217)(232)(9,449)(8,521)(49)(8,570)
Noninterest expense(32,404)(2,815)(35,219)(29,735)(1,987)(31,722)
Expense allocation (3)
1,462 (1,462)— 1,321 (1,321)— 
Net income before taxes8,976 19,911 28,887 13,678 12,975 26,653 
Income tax expense(2,219)(4,922)(7,141)(3,238)(3,071)(6,309)
Net income before preferred dividends$6,757 $14,989 $21,746 $10,440 $9,904 $20,344 
Average balance sheet assets$3,561,045 $3,855,812 $7,416,857 $3,551,528 $2,558,877 $6,110,405 
Period end assets$3,592,030 $3,937,921 $7,529,951 $3,539,226 $2,891,668 $6,430,894 
(1) Noninterest income for MPP only includes MPP related fees. All other noninterest income is reflected in Retail Banking.
(2) Includes data processing, professional services, office supplies and other miscellaneous expenses.
(3) Reflects corporate overhead expense allocations used by both business segments; primarily consisting of corporate administration, finance, technology, human resources, risk, marketing and occupancy related allocations.
(Dollars in thousands)As of or for the Six Months Ended June 30,
20262025
Retail
Banking		MPPTotalRetail
Banking		MPPTotal
Interest income$91,740 $116,802 $208,542 $95,438 $76,805 $172,243 
Interest expense(124,845)— (124,845)(105,334)— (105,334)
Funds transfer pricing73,540 (73,540)— 50,786 (50,786)— 
Net interest income40,435 43,262 83,697 40,890 26,019 66,909 
Provision (benefit) for credit losses(440)205 (235)1,405 472 1,877 
Net income after provision40,875 43,057 83,932 39,485 25,547 65,032 
Noninterest income (1)
39,763 4,276 44,039 42,816 2,496 45,312 
Salaries and employee benefits(44,084)(5,295)(49,379)(39,413)(3,264)(42,677)
Occupancy and equipment(1,530)(35)(1,565)(1,851)(39)(1,890)
Other noninterest expense (2)
(18,333)(378)(18,711)(16,196)(331)(16,527)
Noninterest expense(63,947)(5,708)(69,655)(57,460)(3,634)(61,094)
Expense allocation (3)
2,949 (2,949)— 2,474 (2,474)— 
Net income before taxes19,640 38,676 58,316 27,315 21,935 49,250 
Income tax expense(4,854)(9,561)(14,415)(6,466)(5,192)(11,658)
Net income before preferred dividends$14,786 $29,115 $43,901 $20,849 $16,743 $37,592 
Average balance sheet assets$3,574,871 $3,645,604 $7,220,475 $3,552,020 $2,179,240 $5,731,260 
Period end assets$3,592,030 $3,937,921 $7,529,951 $3,539,226 $2,891,668 $6,430,894 

(1) Noninterest income for MPP only includes MPP related fees. All other noninterest income is reflected in Retail Banking.
(2) Includes data processing, professional services, office supplies and other miscellaneous expenses.
(3) Reflects corporate overhead expense allocations used by both business segments; primarily consisting of corporate administration, finance, technology, human resources, risk, marketing and occupancy related allocations.