Segments (Tables)

The following schedule presents financial information for each reportable segment at March 31, 2024 and March 31, 2023.


For the Three Months Ended March 31, 2024
(in thousands)	Commercial Bank		CBHL		OpenSky™		Corporate(2)		Eliminations		Consolidated
Interest income	$	32,529	$	83	$	14,921	$	899	$	(63)	$	48,369
Interest expense	13,154		41		—		229		(63)		13,361
Net interest income	19,375		42		14,921		670		—		35,008
Provision for credit losses	1,109		—		1,559		59		—		2,727
Provision for credit losses on unfunded commitments	142		—		—		—		—		142
Net interest income after provision	18,124		42		13,362		611		—		32,139
Noninterest income	704		1,352		3,915		1		—		5,972
Noninterest expense(1)	12,259		2,105		13,599		1,524		—		29,487
Net income (loss) before taxes	$	6,569	$	(711)	$	3,678	$	(912)	$	—	$	8,624

Total assets	$	2,160,051	$	10,785	$	105,318	$	281,766	$	(233,682)	$	2,324,238

For the Three Months Ended March 31, 2023
Interest income	$	26,300	$	77	$	16,130	$	978	$	(69)	$	43,416
Interest expense	8,739		30		—		229		(69)		8,929
Net interest income	17,561		47		16,130		749		—		34,487
(Release of) provision for credit losses	(161)		—		1,821		—		—		1,660
Release of credit losses on unfunded commitments	(19)		—		—		—		—		(19)
Net interest income after provision	17,741		47		14,309		749		—		32,846
Noninterest income	489		1,327		4,210		—		—		6,026
Noninterest expense(1)	11,759		2,336		11,738		389		—		26,222
Net income (loss) before taxes	$	6,471	$	(962)	$	6,781	$	360	$	—	$	12,650

Total assets	$	2,074,634	$	10,193	$	106,761	$	257,048	$	(203,350)	$	2,245,286

(1) Noninterest expense includes $6.1 million and $5.9 million in data processing expense in OpenSky’s™ segment for the three months ended March 31, 2024 and 2023, 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.