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Segment Information
6 Months Ended
Jun. 30, 2024
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 assessed based on income before income taxes, and indirect expenses (including 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 six months ended June 30, 2024
and 2023:
(dollars in thousands)BankMortgage
Banking
Small
Business
Specialty
Lending
Division
Totals
Six Months Ended June 30, 2024
Net Interest Income$34,769 $90 $2,204 $37,063 
Provision for Credit Losses551 — 1,099 1,650 
Noninterest Income10,766 2,621 5,597 18,984 
Noninterest Expenses34,264 2,544 3,919 40,727 
Income Taxes2,226 43 594 2,863 
Segment Profit$8,494 $124 $2,189 $10,807 
Segments Assets at June 30, 2024$2,889,013 $19,004 $99,890 $3,007,907 
Full time employees at June 30, 20243854233460
(dollars in thousands)BankMortgage
Banking
Small
Business
Specialty
Lending
Division
Totals
Six Months Ended June 30, 2023
Net Interest Income$38,700 $34 $1,015 $39,749 
Provision for Credit Losses960 — 140 1,100 
Noninterest Income10,351 3,292 2,968 16,611 
Noninterest Expenses35,462 3,683 3,452 42,597 
Income Taxes2,312 (72)78 2,318 
Segment Profit$10,317 $(285)$313 $10,345 
Segments Assets at December 31, 2023$2,956,121 $7,890 $89,411 $3,053,422 
Full time employees at June 30, 20233835132466
(dollars in thousands)BankMortgage
Banking
Small
Business
Specialty
Lending
Division
Totals
Three Months Ended June 30, 2024
Net Interest Income$17,217 $50 $1,142 $18,409 
Provision for Credit Losses96 — 554 650 
Noninterest Income5,086 1,456 2,955 9,497 
Noninterest Expenses17,135 1,326 1,869 20,330 
Income Taxes1,060 42 350 1,452 
Segment Profit$4,012 $138 $1,324 $5,474 
(dollars in thousands)BankMortgage
Banking
Small
Business
Specialty
Lending
Division
Totals
Three Months Ended June 30, 2023
Net Interest Income$18,562 $31 $588 $19,181 
Provision for Credit Losses60 — 140 200 
Noninterest Income5,433 2,015 1,504 8,952 
Noninterest Expenses17,650 1,971 1,811 21,432 
Income Taxes1,157 14 28 1,199 
Segment Profit$5,128 $61 $113 $5,302