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SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Information About the Reportable Segments and Reconciliation to the Consolidated Financial Statements

Information about the reportable segments and reconciliation to the consolidated financial statements for the years ended December 31, 2021, 2020 and 2019 are as follows:

						2021
(Dollars in thousands)						CoRe Banking						Mortgage Banking						Financial Holding Company						Other						Intercompany Eliminations						Consolidated
Interest income						$	83,023					$	411					$	15					$	(8)					$	(12)					$	83,429
Interest expense						4,078						—						2,188						16						(12)						6,270
Net interest income (loss)						78,945						411						(2,173)						(24)						—						77,159
Provision (release of allowance) for loan losses						(6,274)						(1)						—						—						—						(6,275)
Net interest income after provision (release of allowance) for loan losses						85,219						412						(2,173)						(24)						—						83,434
Total noninterest income						33,179						16,342						11,103						15,002						(13,030)						62,596
Noninterest Expenses:
Salaries and employee benefits						33,595						—						13,704						12,911						—						60,210
Other expenses						37,033						16						6,573						6,650						(13,030)						37,242
Total noninterest expenses						70,628						16						20,277						19,561						(13,030)						97,452
Income (loss) before income taxes						47,770						16,738						(11,347)						(4,583)						—						48,578
Income tax expense (benefit)						9,154						4,068						(2,091)						(1,249)						—						9,882
Net income (loss)						38,616						12,670						(9,256)						(3,334)						—						38,696
Net loss attributable to noncontrolling interest						—						—						—						425						—						425
Net income (loss) attributable to parent						38,616						12,670						(9,256)						(2,909)						—						39,121
Preferred stock dividends						—						—						35						—						—						35
Net income (loss) available to common shareholders						$	38,616					$	12,670					$	(9,291)					$	(2,909)					$	—					$	39,086
Capital expenditures for the year ended December 31, 2021						$	2,590					$	—					$	43					$	2,731					$	—					$	5,365
Total assets as of December 31, 2021						2,804,840						50,202						363,971						23,124						(449,688)						2,792,449
Goodwill as of December 31, 2021						—						—						—						3,988						—						3,988

						2020
(Dollars in thousands)						CoRe Banking						Mortgage Banking						Financial Holding Company						Other						Intercompany Eliminations						Consolidated
Interest income						$	75,812					$	6,269					$	3					$	—					$	(1,631)					$	80,453
Interest expense						10,400						3,139						261						—						(2,173)						11,627
Net interest income						65,412						3,130						(258)						—						542						68,826
Provision (release of allowance) for loan losses						16,649						(70)						—												—						16,579
Net interest income after provision (release of allowance) for loan losses						48,763						3,200						(258)						—						542						52,247
Total noninterest income						24,420						63,490						6,685						5,909						(8,667)						91,837
Noninterest Expenses:
Salaries and employee benefits						25,808						21,550						11,278						2,993						—						61,629
Other expenses						31,389						5,074						5,265						1,909						(8,125)						35,512
Total noninterest expenses						57,197						26,624						16,543						4,902						(8,125)						97,141
Net income (loss)						14,507						30,204						(8,034)						734						—						37,411
Preferred stock dividends						—						—						461						—						—						461
Net income (loss) available to common shareholders						$	14,507					$	30,204					$	(8,495)					$	734					$	—					$	36,950
Capital expenditures for the year ended December 31, 2020						$	6,439					$	99					$	77					$	—					$	—					$	6,615
Total assets as of December 31, 2020						2,335,816						58,140						284,943						7,740						(355,163)						2,331,476
Goodwill as of December 31, 2020						—						—						—						2,350						—						2,350

						2019
(Dollars in thousands)						CoRe Banking						Mortgage Banking						Financial Holding Company						Other						Intercompany Eliminations						Consolidated
Interest income						$	75,874					$	8,342					$	13					$	—					$	(1,868)					$	82,361
Interest expense						18,698						6,014						769						—						(2,520)						22,961
Net interest income						57,176						2,328						(756)						—						652						59,400
Provision for loan losses						1,622						167						—						—						—						1,789
Net interest income after provision for loan losses						55,554						2,161						(756)						—						652						57,611
Total noninterest income						22,718						42,329						6,268						972						(7,683)						64,604
Noninterest Expenses:
Salaries and employee benefits						18,445						28,432						8,676						622						—						56,175
Other expenses						24,697						8,136						4,851						373						(7,031)						31,026
Total noninterest expenses						43,142						36,568						13,527						995						(7,031)						87,201
Income (loss) from continuing operations, before income taxes						35,131						7,922						(8,015)						(24)						—						35,014
Income tax expense (benefit) - continuing operations						8,177						2,155						(1,880)						(2)						—						8,450
Net income (loss) from continuing operations						26,954						5,767						(6,135)						(22)						—						26,564
Income from discontinued operations, before income taxes						—						—						575						—						—						575
Income tax expense - discontinued operations						—						—						148						—						—						148
Net income from discontinued operations						—						—						427						—						—						427
Net income (loss)						26,954						5,767						(5,708)						(22)						—						26,991
Preferred stock dividends						—						—						479						—						—						479
Net income (loss) available to common shareholders						$	26,954					$	5,767					$	(6,187)					$	(22)					$	—					$	26,512
Capital expenditures for the year ended December 31, 2019						$	1,438					$	112					$	492					$	—					$	—					$	2,042

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Publisher FASB
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Section 50
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