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Segment Information | 9 Months Ended
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Sep. 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 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 The entire disclosure for reporting segments including data and tables. 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