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Segment Information | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company’s operating segments include banking, mortgage banking and small business specialty lending division. The reportable segments are determined by the products and services offered, and internal reporting. The Bank segment derives its revenues from the delivery of full-service financial services, including retail and commercial banking services and deposit accounts. The Mortgage Banking segment derives its revenues from the origination and sales of residential mortgage loans held for sale. The Small Business Specialty Lending Division segment derives its revenue from the origination, sales and servicing of Small Business Administration loans and other government guaranteed loans. Segment performance is evaluated using net interest income and noninterest income. Income taxes are allocated based on income before income taxes, and indirect expenses (includes management fees) are allocated based on various internal factors for each segment. Transactions among segments are made at fair value. Information reported internally for performance assessment follows. The following tables present information reported internally for performance assessment for the three and nine months ended September 30, 2021 and 2020:
(dollars in thousands) |  | Bank |  | Mortgage Banking |  | Small Business Specialty Lending Division |  | Totals
Three months ended September 30, 2021 |  |  |  |  |  |  |  |
Net Interest Income |  | $ | 17,181 |  |  | $ | 138 |  |  | $ | 549 |  |  | $ | 17,868 |
Provision for Loan Losses |  | 150 |  |  | — |  |  | — |  |  | 150 |
Noninterest Income |  | 4,340 |  |  | 3,104 |  |  | 1,994 |  |  | 9,438 |
Noninterest Expenses |  | 16,941 |  |  | 2,765 |  |  | 1,505 |  |  | 21,211 |
Income Taxes |  | 434 |  |  | (290) |  |  | 218 |  |  | 362 |
Segment Profit |  | $ | 3,996 |  |  | $ | 767 |  |  | $ | 820 |  |  | $ | 5,583 |
Segments Assets at September 30, 2021 |  | $ | 2,468,106 |  |  | $ | 21,184 |  |  | $ | 23,291 |  |  | $ | 2,512,581 |
Full time employees at September 30, 2021 |  | 417 |  | 53 |  | 24 |  | 494
(dollars in thousands) |  | Bank |  | Mortgage Banking |  | Small Business Specialty Lending Division |  | Totals
Three months ended September 30, 2020 |  |  |  |  |  |  |  |
Net Interest Income |  | $ | 13,631 |  |  | $ | 188 |  |  | $ | 29 |  |  | $ | 13,848 |
Provision for Loan Losses |  | 1,106 |  |  | — |  |  | — |  |  | 1,106 |
Noninterest Income |  | 4,139 |  |  | 2,612 |  |  | 803 |  |  | 7,554 |
Noninterest Expenses |  | 12,415 |  |  | 2,410 |  |  | 1,488 |  |  | 16,313 |
Income Taxes |  | 940 |  |  | 82 |  |  | (138) |  |  | 884 |
Segment Profit (Loss) |  | $ | 3,309 |  |  | $ | 308 |  |  | $ | (1,350) |  |  | $ | 3,099 |
Segments Assets at December 31, 2020 |  | $ | 1,709,696 |  |  | $ | 50,266 |  |  | $ | 4,012 |  |  | $ | 1,763,974 |
Full time employees at September 30, 2020 |  | 312 |  | 41 |  | 15 |  | 368
(dollars in thousands) |  | Bank |  | Mortgage Banking |  | Small Business Specialty Lending Division |  | Totals
Nine months ended September 30, 2021 |  |  |  |  |  |  |  |
Net Interest Income |  | $ | 45,977 |  |  | $ | 429 |  |  | $ | 761 |  |  | $ | 47,167 |
Provision for Loan Losses |  | 650 |  |  | — |  |  | — |  |  | 650 |
Noninterest Income |  | 10,409 |  |  | 10,087 |  |  | 4,979 |  |  | 25,475 |
Noninterest Expenses |  | 41,922 |  |  | 8,445 |  |  | 3,746 |  |  | 54,113 |
Income Taxes |  | 2,836 |  |  | 124 |  |  | 419 |  |  | 3,379 |
Segment Profit |  | $ | 10,978 |  |  | $ | 1,947 |  |  | $ | 1,575 |  |  | $ | 14,500 |
(dollars in thousands) |  | Bank |  | Mortgage Banking |  | Small Business Specialty Lending Division |  | Totals
Nine months ended September 30, 2020 |  |  |  |  |  |  |  |
Net Interest Income |  | $ | 39,727 |  |  | $ | 305 |  |  | $ | 62 |  |  | $ | 40,094 |
Provision for Loan Losses |  | 5,262 |  |  | — |  |  | — |  |  | 5,262 |
Noninterest Income |  | 9,960 |  |  | 5,686 |  |  | 1,183 |  |  | 16,829 |
Noninterest Expenses |  | 34,112 |  |  | 5,302 |  |  | 3,524 |  |  | 42,938 |
Income Taxes |  | 2,149 |  |  | 137 |  |  | (479) |  |  | 1,807 |
Segment Profit (Loss) |  | $ | 8,164 |  |  | $ | 552 |  |  | $ | (1,800) |  |  | $ | 6,916 |

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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