v3.26.3
Segment Reporting
 9 Months Ended
Sep. 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 nine months ended September 30, 2026 and 2025 (in thousands):
Three months ended
September 30,		Nine months ended September 30,
2026202520262025
Interest income on loans$297,596 290,042 $864,992 845,183 
Interest income on cash and debt securities40,675 36,239 114,942 102,752 
Total interest income338,271 326,281 979,934 947,935 
Total interest expense130,263 131,949 375,501 384,781 
Net interest income208,008 194,332 604,433 563,154 
Provision for credit losses5,240 7,044 12,458 4,794 
Net interest income after provision202,768 187,288 591,975 558,360 
Non-interest income:
Wealth management income7,825 7,349 22,745 21,625 
Insurance Agency Income4,737 3,934 17,392 14,732 
Other non-interest income (1)
17,964 16,136 53,816 45,167 
Total non-interest income30,526 27,419 93,953 81,524 
Non-interest expense:
Compensation and employee benefits67,958 63,202 201,443 188,817 
Net occupancy expense13,160 12,773 40,609 39,711 
Data processing expense10,369 9,102 29,403 28,305 
Other non-interest expense (2)
49,194 28,015 105,627 87,140 
Total non-interest expense140,681 113,092 377,082 343,973 
Income tax expense23,454 29,895 82,122 88,182 
Net income$69,159 71,720 $226,724 207,729 
(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 loss on extinguishment of debt due to the accelerated amortization of purchase accounting adjustments, core conversion, amortization of intangibles and other miscellaneous expenses.
Our segment assets represent our total assets as presented on the Consolidated Statements of Financial Position.