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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Business Segment Assets

The following tables present information regarding our business segments as of and for the periods indicated (in thousands).

 

 

 

Banking

 

 

All Other

 

 

Consolidated
Totals

 

June 30, 2024

 

 

 

 

 

 

 

 

 

Goodwill

 

$

48,536

 

 

$

9,585

 

 

$

58,121

 

Other intangible assets, net

 

 

 

 

 

2,858

 

 

 

2,858

 

Total assets

 

 

6,103,534

 

 

 

28,238

 

 

 

6,131,772

 

 

 

 

 

 

 

 

 

 

 

December 31, 2023

 

 

 

 

 

 

 

 

 

Goodwill

 

$

48,536

 

 

$

18,535

 

 

$

67,071

 

Other intangible assets, net

 

 

 

 

 

5,433

 

 

 

5,433

 

Total assets

 

 

6,117,748

 

 

 

43,133

 

 

 

6,160,881

 

Business Segment Profit (Loss)

 

 

Banking

 

 

All Other

 

 

Consolidated
Totals

 

Three months ended June 30, 2024

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

42,255

 

 

$

(1,062

)

 

$

41,193

 

Provision for credit losses

 

 

(2,041

)

 

 

 

 

 

(2,041

)

Noninterest income

 

 

7,989

 

 

 

16,025

 

 

 

24,014

 

Noninterest expense

 

 

(30,418

)

 

 

(2,602

)

 

 

(33,020

)

Income before income taxes

 

 

17,785

 

 

 

12,361

 

 

 

30,146

 

Income tax expense

 

 

(1,289

)

 

 

(3,228

)

 

 

(4,517

)

Net income

 

$

16,496

 

 

$

9,133

 

 

$

25,629

 

Six months ended June 30, 2024

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

83,396

 

 

$

(2,121

)

 

$

81,275

 

Benefit for credit losses

 

 

3,415

 

 

 

 

 

 

3,415

 

Noninterest income

 

 

14,485

 

 

 

20,430

 

 

 

34,915

 

Noninterest expense

 

 

(80,135

)

 

 

(6,898

)

 

 

(87,033

)

Income before income taxes

 

 

21,161

 

 

 

11,411

 

 

 

32,572

 

Income tax expense

 

 

(1,744

)

 

 

(3,129

)

 

 

(4,873

)

Net income

 

$

19,417

 

 

$

8,282

 

 

$

27,699

 

 

(15.) SEGMENT REPORTING (Continued)

 

 

 

Banking

 

 

All Other

 

 

Consolidated
Totals

 

Three months ended June 30, 2023

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

43,397

 

 

$

(1,060

)

 

$

42,337

 

Provision for credit losses

 

 

(3,230

)

 

 

 

 

 

(3,230

)

Noninterest income

 

 

7,498

 

 

 

3,968

 

 

 

11,466

 

Noninterest expense

 

 

(29,971

)

 

 

(3,811

)

 

 

(33,782

)

Income (loss) before income taxes

 

$

17,694

 

 

$

(903

)

 

$

16,791

 

Income tax (expense) benefit

 

 

(2,879

)

 

 

461

 

 

 

(2,418

)

Net income (loss)

 

$

14,815

 

 

$

(442

)

 

$

14,373

 

Six months ended June 30, 2023

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

86,272

 

 

$

(2,120

)

 

$

84,152

 

Provision for credit losses

 

 

(7,444

)

 

 

 

 

 

(7,444

)

Noninterest income

 

 

13,873

 

 

 

8,517

 

 

 

22,390

 

Noninterest expense

 

 

(59,744

)

 

 

(7,699

)

 

 

(67,443

)

Income (loss) before income taxes

 

$

32,957

 

 

$

(1,302

)

 

$

31,655

 

Income tax (expense) benefit

 

 

(5,509

)

 

 

316

 

 

 

(5,193

)

Net income

 

$

27,448

 

 

$

(986

)

 

$

26,462