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Reportable Segments | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Reportable Segments | NOTE 24 – Reportable Segments The Company’s reportable segments represent the distinct product lines the Company offers and are viewed separately for strategic planning purposes by management. The three segments include Commercial and Retail Banking, Mortgage Banking, and Corporate Operations. The following schedule presents financial information for each reportable segment.
|  | Year ended December 31, 2019
|  | Commercial |  |  |  |  |  |  |  |  |  |
|  | and Retail |  | Mortgage |  | Corporate |  |  |  |  |  |
(dollars in thousands) |  | Banking |  | Banking |  | Operations |  |  | Eliminations |  |  | Consolidated
Interest income |  | $ | 91,923 |  | 729 |  | 13 |  |  | (13 | ) |  | 92,652
Interest expense |  |  | 24,467 |  | - |  | 929 |  |  | (13 | ) |  | 25,383
Net interest income (loss) |  |  | 67,456 |  | 729 |  | (916 | ) |  | - |  |  | 67,269
Provision for loan losses |  |  | 2,300 |  | - |  | - |  |  | - |  |  | 2,300
Noninterest income |  |  | 5,060 |  | 9,923 |  | - |  |  | - |  |  | 14,983
Noninterest expense |  |  | 37,798 |  | 6,435 |  | 240 |  |  | - |  |  | 44,473
Net income (loss) before taxes |  |  | 32,418 |  | 4,217 |  | (1,156 | ) |  | - |  |  | 35,479
Income tax provision (benefit) |  |  | 6,978 |  | 886 |  | (243 | ) |  | - |  |  | 7,621
Net income (loss) |  | $ | 25,440 |  | 3,331 |  | (913 | ) |  | - |  |  | 27,858
Total assets |  | $ | 2,239,430 |  | 27,356 |  | 242,069 |  |  | (241,660 | ) |  | 2,267,195
|  | Year ended December 31, 2018
|  | Commercial |  |  |  |  |  |  |  |  |  |
|  | and Retail |  | Mortgage |  |  |  |  |  |  |  |
|  | Banking |  | Banking |  | Corporate |  |  | Eliminations |  |  | Consolidated
Interest income |  | $ | 76,282 |  | 375 |  | 9 |  |  | (9 | ) |  | 76,657
Interest expense |  |  | 15,922 |  | - |  | 592 |  |  | (9 | ) |  | 16,505
Net interest income (loss) |  |  | 60,360 |  | 375 |  | (583 | ) |  | - |  |  | 60,152
Provision for loan losses |  |  | 1,900 |  | - |  | - |  |  | - |  |  | 1,900
Noninterest income |  |  | 4,657 |  | 5,544 |  | - |  |  | - |  |  | 10,201
Noninterest expense |  |  | 35,371 |  | 4,152 |  | 240 |  |  | - |  |  | 39,763
Net income (loss) before taxes |  |  | 27,746 |  | 1,767 |  | (823 | ) |  | - |  |  | 28,690
Income tax expense (benefit) |  |  | 6,185 |  | 389 |  | (173 | ) |  | - |  |  | 6,401
Net income (loss) |  | $ | 21,561 |  | 1,378 |  | (650 | ) |  | - |  |  | 22,289
Total assets |  | $ | 1,905,474 |  | 8,602 |  | 187,327 |  |  | (200,789 | ) |  | 1,900,614
Commercial and retail banking. The Company’s primary business is to provide traditional deposit and lending products and services to its commercial and retail banking clients. Mortgage banking. The mortgage banking segment provides mortgage loan origination services for loans that will be sold in the secondary market to investors. Corporate operations. Corporate operations is comprised primarily of compensation and benefits for certain members of management and interest on parent company debt.

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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