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Operating Segments (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Segment Reporting Information

						Years ended December 31,
						2024						2023						2022
Interest and dividend income						$	160,388					$	102,418					$	82,988
Reconciliation of revenue:
Other noninterest income						6,445						7,020						5,054
Total consolidated revenue						166,833						109,438						88,042
Less:
Interest expense						50,021						19,989						3,422
Segment net interest income and noninterest income						116,812						89,449						84,620
Less:
Provision for credit losses						11,113						309						995
Salaries and employee benefits						48,470						31,367						28,917
Other segment items (1)						46,231						23,933						19,567
Income tax expense						3,332						8,304						8,496
Consolidated net income						$	7,666					$	25,536					$	26,645
						As of December 31,
Reconciliation of assets						2024						2023
Total assets for reportable segment						$	3,521,771					$	2,433,426
Adjustments and reconciling items						—						—
Total consolidated assets						$	3,521,771					$	2,433,426
(1) - Other segment items include other non-interest expense such as occupancy expense, data processing, professional fees, regulatory assessments, and advertising.

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- 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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