XML 26 R16.htm IDEA: XBRL DOCUMENT
v3.22.1

Note 8 - BUSINESS SEGMENT INFORMATION | 3 Months Ended
--- | ---
Mar. 31, 2022
Notes to Financial Statements |
Business Segment Information | NOTE 8 – BUSINESS SEGMENT INFORMATION Selected financial and descriptive information is required to be disclosed for reportable operating segments, applying a “management perspective” as the basis for identifying reportable segments. The management perspective is determined by the view that management takes of the segments within the Company when making operating decisions, allocating resources, and measuring performance. The segments of the Company have been defined by the structure of the Company's internal organization, focusing on the financial information that the Company's operating decision-makers routinely use to make decisions about operating matters. The Company’s Commercial Banking business is geographically divided by markets into the operating segments which are the four subsidiary banks wholly owned by the Company: QCBT, CRBT, CSB, and SFCB. Each of these operating segments offers similar products and services, but is managed separately due to different pricing, product demand, and consumer markets. Each offers commercial, consumer, and mortgage loans and deposit services. The Company's All Other segment includes the corporate operations of the parent and operations of all other consolidated subsidiaries and/or defined operating segments that fall below the segment reporting thresholds. Selected financial information on the Company's business segments is presented as follows as of and for the three months ended March 31, 2022 and 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Commercial Banking | ​ | ​ | ​ | Intercompany | ​ | Consolidated
​ |  | QCBT |  | CRBT |  | CSB |  | SFCB |  | All other |  | Eliminations |  | Total
​ | ​ | (dollars in thousands)
Three Months Ended March 31, 2022 | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total revenue | ​ | $ | 22,480 | ​ | $ | 25,211 | ​ | $ | 11,316 | ​ | $ | 7,844 | ​ | $ | 28,912 | ​ | $ | (29,068) | ​ | $ | 66,695
Net interest income | ​ |  | 17,314 | ​ |  | 14,323 | ​ |  | 9,331 | ​ |  | 6,528 | ​ |  | (2,109) | ​ |  | 346 | ​ |  | 45,733
Provision for credit losses | ​ |  | (1,259) | ​ |  | (770) | ​ |  | (385) | ​ |  | (502) | ​ |  | — | ​ |  | — | ​ |  | (2,916)
Net income (loss) from continuing operations | ​ |  | 9,970 | ​ |  | 11,129 | ​ |  | 4,126 | ​ |  | 3,104 | ​ |  | 23,827 | ​ |  | (28,532) | ​ |  | 23,624
Goodwill | ​ |  | 3,223 | ​ |  | 14,980 | ​ |  | 9,888 | ​ |  | 45,975 | ​ |  | — | ​ |  | — | ​ |  | 74,066
Intangibles | ​ |  | — | ​ |  | 1,583 | ​ |  | 2,497 | ​ |  | 4,776 | ​ |  | — | ​ |  | — | ​ |  | 8,856
Total assets | ​ |  | 2,195,894 | ​ |  | 1,947,737 | ​ |  | 1,184,708 | ​ |  | 956,345 | ​ |  | 839,362 | ​ |  | (948,227) | ​ |  | 6,175,819
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  | ​ | ​ |  |  | ​ |  | ​
Three Months Ended March 31, 2021 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | ​
Total revenue | ​ | $ | 21,284 | ​ | $ | 30,357 | ​ | $ | 10,423 | ​ | $ | 8,746 | ​ | $ | 23,223 | ​ | $ | (22,979) | ​ | $ | 71,054
Net interest income | ​ |  | 15,786 | ​ |  | 13,606 | ​ |  | 8,368 | ​ |  | 6,069 | ​ |  | (2,102) | ​ |  | 248 | ​ |  | 41,975
Provision for loan/lease losses | ​ |  | 2,112 | ​ |  | 2,184 | ​ |  | 1,366 | ​ |  | 1,051 | ​ |  | — | ​ |  | — | ​ |  | 6,713
Net income (loss) from continuing operations | ​ |  | 7,164 | ​ |  | 11,396 | ​ |  | 2,062 | ​ |  | 2,269 | ​ |  | 17,948 | ​ |  | (22,857) | ​ |  | 17,982
Goodwill | ​ |  | 3,223 | ​ |  | 14,980 | ​ |  | 9,888 | ​ |  | 45,975 | ​ |  | — | ​ |  | — | ​ |  | 74,066
Intangibles | ​ |  | — | ​ |  | 2,067 | ​ |  | 3,143 | ​ |  | 5,663 | ​ |  | — | ​ |  | — | ​ |  | 10,873
Total assets | ​ |  | 2,101,634 | ​ |  | 1,847,070 | ​ |  | 1,041,861 | ​ |  | 818,605 | ​ |  | 791,254 | ​ |  | (955,277) | ​ |  | 5,645,147
​

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration