v3.22.2.2

Segments (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following schedule presents financial information for each reportable segment at September 30, 2022 and September 30, 2021.

Segments
For the Three Months Ended September 30, 2022
(in thousands)						Commercial Bank						CBHL						OpenSky®						Corporate(2)						Eliminations						Consolidated
Interest income						$	20,382					$	102					$	17,103					$	812					$	(59)					$	38,340
Interest expense						1,449						40						—						233						(59)						1,663
Net interest income						18,933						62						17,103						579						—						36,677
Provision (release of provision) for loan losses						(980)						—						2,240						—						—						1,260
Net interest income after provision						19,913						62						14,863						579						—						35,417
Noninterest income						468						1,115						5,524						1						—						7,108
Noninterest expense(1)						13,798						2,017						12,101						178						—						28,094
Net income (loss) before taxes						$	6,583					$	(840)					$	8,286					$	402					$	—					$	14,431
Total assets						$	1,823,049					$	7,664					$	128,842					$	234,731					$	(184,928)					$	2,009,358
For the Three Months Ended September 30, 2021
Interest income						$	17,109					$	248					$	15,635					$	574					$	(38)					$	33,528
Interest expense						1,160						177						—						170						(38)						1,469
Net interest income						15,949						71						15,635						404						—						32,059
Provision for loan losses						—						—						975						—						—						975
Net interest income after provision						15,949						71						14,660						404						—						31,084
Noninterest income						559						4,484						7,553						1						—						12,597
Noninterest expense(1)						12,073						2,775						13,677						102						—						28,627
Net income before taxes						$	4,435					$	1,780					$	8,536					$	303					$	—					$	15,054
Total assets						$	1,956,340					$	36,791					$	135,612					$	209,070					$	(168,257)					$	2,169,556

________________________

(1)     Noninterest expense includes $6.6 million and $9.4 million in data processing expense in OpenSky’s® segment for the three months ended September 30, 2022 and 2021, respectively.

(2)    The Corporate segment invests idle cash in revenue producing assets including interest-bearing cash accounts, loan participations and other appropriate investments for the Company.

For the Nine Months Ended September 30, 2022
(in thousands)						Commercial Bank						CBHL						OpenSky®						Corporate(2)						Eliminations						Consolidated
Interest income						$	57,794					$	347					$	48,823					$	2,457					$	(123)					$	109,298
Interest expense						3,255						185						—						573						(123)						3,890
Net interest income						54,539						162						48,823						1,884						—						105,408
Provision (release of provision) for loan losses						(980)						—						5,227						—						—						4,247
Net interest income after provision						55,519						162						43,596						1,884						—						101,161
Noninterest income						1,571						4,580						17,658						2						—						23,811
Noninterest expense(1)						38,741						6,364						36,923						351						—						82,379
Net income (loss) before taxes						$	18,349					$	(1,622)					$	24,331					$	1,535					$	—					$	42,593
Total assets						$	1,823,049					$	7,664					$	128,842					$	234,731					$	(184,928)					$	2,009,358
For the Nine Months Ended September 30, 2021
Interest income						$	51,969					$	1,037					$	34,944					$	1,604					$	(99)					$	89,455
Interest expense						4,285						745						—						502						(99)						5,433
Net interest income						47,684						292						34,944						1,102						—						84,022
Provision for loan losses						433						—						1,756						70						—						2,259
Net interest income after provision						47,251						292						33,188						1,032						—						81,763
Noninterest income						1,212						17,529						21,208						43						—						39,992
Noninterest expense(1)						31,962						9,941						39,379						290						—						81,572
Net income before taxes						$	16,501					$	7,880					$	15,017					$	785					$	—					$	40,183
Total assets						$	1,956,340					$	36,791					$	135,612					$	209,070					$	(168,257)					$	2,169,556

________________________

(1)     Noninterest expense includes $20.9 million and $27.3 million in data processing expense in OpenSky’s® segment for the nine months ended September 30, 2022 and 2021, respectively.

(2)    The Corporate segment invests idle cash in revenue producing assets including interest-bearing cash accounts, loan participations and other appropriate investments for the Company.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 22
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-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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