v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company is engaged primarily in providing a fully integrated suite of banking products and services consistently across all of its markets. The CODM assesses performance and decides how to allocate resources based on net income as reported in the accompanying consolidated statements of income. While the CODM monitors the revenue streams of the various banking products, services, and markets, banking operations are managed and financial performance is evaluated on a company-wide basis. Accordingly, all of the Company’s banking operations are considered by management to be aggregated in one reportable operating segment.
Financial results for the banking operations segment are presented in the table below:
For the Three Months Ended June 30, For the Six Months Ended June 30, 
(in thousands)2026202520262025
Interest and dividend income$39,323 $36,730 $78,468 $72,538 
Interest expense10,356 10,911 21,097 22,109 
Provision for credit losses750 450 1,500 900 
Noninterest income4,738 4,718 9,271 9,990 
Depreciation and amortization954 878 1,870 1,729 
Other operating expenses17,332 16,489 33,666 32,226 
Income before income tax expense$14,669 $12,720 $29,606 $25,564 
Income tax expense2,906 2,524 5,872 5,016 
Segment net income$11,763 $10,196 $23,734 $20,548 
Adjustments and reconciling items— — — — 
Consolidated net income$11,763 $10,196 $23,734 $20,548 
Banking operations segment assets were $3.31 billion and $3.35 billion as of June 30, 2026 and December 31, 2025.