XML 28 R18.htm IDEA: XBRL DOCUMENT v3.24.3
Segment Information
 9 Months Ended
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)BankMortgage
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 Losses698 — 52 750 
Noninterest Income5,494 1,812 2,776 10,082 
Noninterest Expenses17,075 1,533 2,227 20,835 
Income Taxes1,017 71 321 1,409 
Segment Profit$3,856 $275 $1,498 $5,629 
(dollars in thousands)BankMortgage
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 Losses286 — 714 1,000 
Noninterest Income6,233 1,725 1,760 9,718 
Noninterest Expenses16,653 2,040 2,188 20,881 
Income Taxes1,777 (53)(70)1,654 
Segment Profit$6,295 $(210)$(281)$5,804 
(dollars in thousands)BankMortgage
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 Losses1,249 — 1,151 2,400 
Noninterest Income16,260 4,433 8,373 29,066 
Noninterest Expenses51,339 4,077 6,146 61,562 
Income Taxes3,243 114 915 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, 20243754433452
(dollars in thousands)BankMortgage
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 Losses1,246 — 854 2,100 
Noninterest Income16,584 5,017 4,728 26,329 
Noninterest Expenses52,115 5,723 5,640 63,478 
Income Taxes4,089 (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, 20233824533460