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Reportable Segments (Tables) | 6 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
Schedule of Financial Information for Each Reportable Segment | 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. The following schedule presents financial information for each reportable segment.
|  | Three months ended |  | Three months ended
|  | June 30, 2021 |  | June 30, 2020
|  | Commercial |  |  |  |  |  |  |  |  |  |  |  | Commercial |  |  |  |  |  |  |  |  |  |
|  | and Retail |  | Mortgage |  |  |  |  | Elimin- |  | Consol- |  | and Retail |  | Mortgage |  |  |  |  | Elimin- |  | Consol-
(dollars in thousands) |  | Banking |  | Banking |  | Corporate |  | ations |  | idated |  | Banking |  | Banking |  | Corporate |  | ation |  | idated
Interest income |  | $ | 22,385 |  | 346 |  | 4 |  |  | (4 | ) |  | 22,731 |  | $ | 23,709 |  | 282 |  | 6 |  |  | (6 | ) |  | 23,991
Interest expense |  |  | 924 |  | - |  | 381 |  |  | (4 | ) |  | 1,301 |  |  | 3,723 |  | - |  | 500 |  |  | (6 | ) |  | 4,217
Net interest income (loss) |  |  | 21,461 |  | 346 |  | (377 | ) |  | - |  |  | 21,430 |  |  | 19,986 |  | 282 |  | (494 | ) |  | - |  |  | 19,774
Provision for loan losses |  |  | (1,900 | ) | - |  | - |  |  | - |  |  | (1,900 | ) |  | 10,200 |  | - |  | - |  |  | - |  |  | 10,200
Noninterest income |  |  | 1,639 |  | 1,983 |  | - |  |  | - |  |  | 3,622 |  |  | 3,431 |  | 5,776 |  | - |  |  | - |  |  | 9,207
Noninterest expense |  |  | 11,128 |  | 2,264 |  | 103 |  |  | - |  |  | 13,495 |  |  | 10,191 |  | 2,368 |  | 85 |  |  | - |  |  | 12,644
Net income (loss) before taxes |  |  | 13,872 |  | 65 |  | (480 | ) |  | - |  |  | 13,457 |  |  | 3,026 |  | 3,690 |  | (579 | ) |  | - |  |  | 6,137
Income tax provision (benefit) |  |  | 3,220 |  | 15 |  | (101 | ) |  | - |  |  | 3,134 |  |  | 728 |  | 775 |  | (44 | ) |  | - |  |  | 1,459
Net income (loss) |  | $ | 10,652 |  | 50 |  | (379 | ) |  | - |  |  | 10,323 |  | $ | 2,298 |  | 2,915 |  | (535 | ) |  | - |  |  | 4,678
Total assets |  | $ | 2,607,640 |  | 42,014 |  | 287,984 |  |  | (287,455 | ) |  | 2,650,183 |  | $ | 2,435,095 |  | 46,645 |  | 252,371 |  |  | (251,816 | ) |  | 2,482,295
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|  | Six months ended |  | Six months ended
|  | June 30, 2021 |  | June 30, 2020
|  | Commercial |  |  |  |  |  |  |  |  |  |  |  | Commercial |  |  |  |  |  |  |  |  |  |
|  | and Retail |  | Mortgage |  |  |  |  | Elimin- |  | Consol- |  | and Retail |  | Mortgage |  |  |  |  | Elimin- |  | Consol-
(dollars in thousands) |  | Banking |  | Banking |  | Corporate |  | ations |  | idated |  | Banking |  | Banking |  | Corporate |  | ation |  | idated
Interest income |  | $ | 44,799 |  | 745 |  | 8 |  |  | (8 | ) |  | 45,544 |  | $ | 47,378 |  | 478 |  | 10 |  |  | (10 | ) |  | 47,856
Interest expense |  |  | 2,086 |  | - |  | 763 |  |  | (8 | ) |  | 2,841 |  |  | 9,057 |  | - |  | 939 |  |  | (10 | ) |  | 9,986
Net interest income (loss) |  |  | 42,713 |  | 745 |  | (755 | ) |  | - |  |  | 42,703 |  |  | 38,321 |  | 478 |  | (929 | ) |  | - |  |  | 37,870
Provision for loan losses |  |  | (2,200 | ) | - |  | - |  |  | - |  |  | (2,200 | ) |  | 16,200 |  | - |  | - |  |  | - |  |  | 16,200
Noninterest income |  |  | 2,910 |  | 6,616 |  | - |  |  | - |  |  | 9,526 |  |  | 4,681 |  | 8,444 |  | - |  |  | - |  |  | 13,125
Noninterest expense |  |  | 22,361 |  | 5,131 |  | 165 |  |  | - |  |  | 27,657 |  |  | 20,690 |  | 4,175 |  | 151 |  |  | - |  |  | 25,016
Net income before taxes |  |  | 25,462 |  | 2,230 |  | (920 | ) |  | - |  |  | 26,772 |  |  | 6,112 |  | 4,747 |  | (1,080 | ) |  | - |  |  | 9,779
Income tax provision (benefit) |  |  | 5,808 |  | 468 |  | (193 | ) |  | - |  |  | 6,083 |  |  | 1,499 |  | 997 |  | (227 | ) |  | - |  |  | 2,269
Net income (loss) |  | $ | 19,654 |  | 1,762 |  | (727 | ) |  | - |  |  | 20,689 |  | $ | 4,613 |  | 3,750 |  | (853 | ) |  | - |  |  | 7,510
Total assets |  | $ | 2,607,640 |  | 42,014 |  | 287,984 |  |  | (287,455 | ) |  | 2,650,183 |  | $ | 2,435,095 |  | 46,645 |  | 252,371 |  |  | (251,816 | ) |  | 2,482,295

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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 -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 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 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 http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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