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v3.24.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following tables present information reported internally for performance assessment for the three and nine months ended September 30, 2024 and 2023:
(dollars in thousands) |  | Bank |  | Mortgage Banking |  | Small Business Specialty Lending Division |  | Totals
Three Months Ended September 30, 2024 |  |  |  |  |  |  |  |
Net Interest Income |  | $ | 17,152 |  |  | $ | 67 |  |  | $ | 1,322 |  |  | $ | 18,541 |
Provision for Credit Losses |  | 698 |  |  | — |  |  | 52 |  |  | 750 |
Noninterest Income |  | 5,494 |  |  | 1,812 |  |  | 2,776 |  |  | 10,082 |
Noninterest Expenses |  | 17,075 |  |  | 1,533 |  |  | 2,227 |  |  | 20,835 |
Income Taxes |  | 1,017 |  |  | 71 |  |  | 321 |  |  | 1,409 |
Segment Profit |  | $ | 3,856 |  |  | $ | 275 |  |  | $ | 1,498 |  |  | $ | 5,629 |
(dollars in thousands) |  | Bank |  | Mortgage Banking |  | Small Business Specialty Lending Division |  | Totals
Three Months Ended September 30, 2023 |  |  |  |  |  |  |  |
Net Interest Income |  | $ | 18,778 |  |  | $ | 52 |  |  | $ | 791 |  |  | $ | 19,621 |
Provision for Credit Losses |  | 286 |  |  | — |  |  | 714 |  |  | 1,000 |
Noninterest Income |  | 6,233 |  |  | 1,725 |  |  | 1,760 |  |  | 9,718 |
Noninterest Expenses |  | 16,653 |  |  | 2,040 |  |  | 2,188 |  |  | 20,881 |
Income Taxes |  | 1,777 |  |  | (53) |  |  | (70) |  |  | 1,654 |
Segment Profit |  | $ | 6,295 |  |  | $ | (210) |  |  | $ | (281) |  |  | $ | 5,804 |
(dollars in thousands) |  | Bank |  | Mortgage Banking |  | Small Business Specialty Lending Division |  | Totals
Nine Months Ended September 30, 2024 |  |  |  |  |  |  |  |
Net Interest Income |  | $ | 51,921 |  |  | $ | 157 |  |  | $ | 3,526 |  |  | $ | 55,604 |
Provision for Credit Losses |  | 1,249 |  |  | — |  |  | 1,151 |  |  | 2,400 |
Noninterest Income |  | 16,260 |  |  | 4,433 |  |  | 8,373 |  |  | 29,066 |
Noninterest Expenses |  | 51,339 |  |  | 4,077 |  |  | 6,146 |  |  | 61,562 |
Income Taxes |  | 3,243 |  |  | 114 |  |  | 915 |  |  | 4,272 |
Segment Profit |  | $ | 12,350 |  |  | $ | 399 |  |  | $ | 3,687 |  |  | $ | 16,436 |
Segments Assets at September 30, 2024 |  | $ | 2,955,145 |  |  | $ | 9,300 |  |  | $ | 100,658 |  |  | $ | 3,065,103 |
Full time employees at September 30, 2024 |  | 375 |  | 44 |  | 33 |  | 452
(dollars in thousands) |  | Bank |  | Mortgage Banking |  | Small Business Specialty Lending Division |  | Totals
Nine Months Ended September 30, 2023 |  |  |  |  |  |  |  |
Net Interest Income |  | $ | 57,478 |  |  | $ | 86 |  |  | $ | 1,806 |  |  | $ | 59,370 |
Provision for Credit Losses |  | 1,246 |  |  | — |  |  | 854 |  |  | 2,100 |
Noninterest Income |  | 16,584 |  |  | 5,017 |  |  | 4,728 |  |  | 26,329 |
Noninterest Expenses |  | 52,115 |  |  | 5,723 |  |  | 5,640 |  |  | 63,478 |
Income Taxes |  | 4,089 |  |  | (125) |  |  | 8 |  |  | 3,972 |
Segment Profit |  | $ | 16,612 |  |  | $ | (495) |  |  | $ | 32 |  |  | $ | 16,149 |
Segments Assets at December 31, 2023 |  | $ | 2,956,121 |  |  | $ | 7,890 |  |  | $ | 89,411 |  |  | $ | 3,053,422 |
Full time employees at September 30, 2023 |  | 382 |  | 45 |  | 33 |  | 460

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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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