v3.26.1
Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information

Note 15 — Segment Information

The Corporation’s reportable segment is determined by the Chief Executive Officer, who is the designated chief operating decision maker, based upon information provided by the Corporation’s products and services offered, primarily banking operations. The segment is also distinguished by the level of information provided to the chief operating decision maker, who uses such information to review the performance of various components of the business. These components are then aggregated if operating performance, products and services and customers are similar. The chief operating decision maker will evaluate the financial performance of the Corporation’s business components such as by evaluating revenue streams, significant expenses, and budget to actual results in assessing the Corporation’s segment and in the determination of allocating resources. The chief operating decision maker uses revenue streams to evaluate product pricing and significant expenses to assess performance and return on assets. The chief operating decision maker uses consolidated net income to benchmark the Corporation against its competitors. The benchmarking analysis coupled with monitoring of budget to actual results is used in assessment performance and in establishing compensation. Loans, investments, and deposits provide the revenues in the banking operation. Interest expense, compensation expense, and provision for credit losses provide significant expenses in the banking operations. All operations are domestic.

 

As of and for the Three Months
Ended March 31,

 

 

2026

 

 

2025

 

 

(In Thousands)

 

Interest income

 

$

61,896

 

 

$

59,530

 

Reconciliation of revenue

 

 

 

 

 

 

Other revenues

 

 

8,775

 

 

 

7,579

 

Total consolidated revenues

 

 

70,671

 

 

 

67,109

 

Less: interest expense

 

 

26,378

 

 

 

26,272

 

Segment net interest and non-interest income

 

 

44,293

 

 

 

40,837

 

Less:

 

 

 

 

 

 

Provision for credit losses

 

 

2,960

 

 

 

2,659

 

Compensation expense

 

 

18,541

 

 

 

16,747

 

Other segment items

 

 

8,412

 

 

 

7,972

 

Income tax expense

 

 

2,180

 

 

 

2,288

 

Segment and consolidated net income

 

$

12,200

 

 

$

11,171

 

 

 

 

 

 

 

 

Other segment disclosures:

 

 

 

 

 

 

Interest income

 

$

61,896

 

 

$

59,530

 

Interest expense

 

 

26,378

 

 

 

26,272

 

Depreciation, amortization, and accretion

 

 

929

 

 

 

871

 

Other significant noncash item:

 

 

 

 

 

 

      Provision for credit losses

 

 

2,960

 

 

 

2,659

 

Segment assets

 

 

4,320,855

 

 

 

3,944,879

 

Expenses for segment assets

 

 

26,953

 

 

 

24,719

 

 

 

 

 

 

 

 

Reconciliation of assets:

 

 

 

 

 

 

Total assets for reportable segments

 

$

4,320,855

 

 

$

3,944,879

 

Other assets

 

 

—

 

 

 

—

 

Total consolidated assets

 

$

4,320,855

 

 

$

3,944,879