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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION ASC Topic 280 - Segment Reporting identifies operating segments as components of an enterprise which are evaluated regularly by the Company's Chief Operating Decision Maker, our Chief Executive Officer, in deciding how to allocate resources and assess performance. The Company has applied the aggregation criterion set forth in this codification to the results of its operations. 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. The following tables present information reported internally for performance assessment as of December 31, 2024 and 2023:
|  | December 31, 2024
(dollars in thousands) |  | Bank |  | Mortgage |  | Small Business Specialty Lending Division |  | Totals
Net Interest Income |  | $ | 71,112 |  |  | $ | 210 |  |  | $ | 4,754 |  |  | $ | 76,076 |
Provision for Credit Losses |  | 1,558 |  |  | — |  |  | 1,492 |  |  | 3,050 |
Net Interest Income after Provision for Credit Losses |  | 69,554 |  |  | 210 |  |  | 3,262 |  |  | 73,026 |
Mortgage Fee Income |  | 70 |  |  | 5,978 |  |  | — |  |  | 6,048 |
Gain on Sale of SBA Loans |  | — |  |  | — |  |  | 9,242 |  |  | 9,242 |
Other |  | 21,642 |  | (1) | — |  |  | 2,443 |  | (2) | 24,085 |
Total Noninterest Income |  | 21,712 |  |  | 5,978 |  |  | 11,685 |  |  | 39,375 |
Salaries and Employee Benefits |  | 37,026 |  |  | 5,731 |  |  | 7,010 |  |  | 49,767 |
Other (3) |  | 31,929 |  |  | 45 |  |  | 1,093 |  |  | 33,067 |
Total Noninterest Expense |  | 68,955 |  |  | 5,776 |  |  | 8,103 |  |  | 82,834 |
Income Taxes |  | 4,170 |  |  | 102 |  |  | 1,427 |  |  | 5,699 |
Net income |  | $ | 18,141 |  |  | $ | 310 |  |  | $ | 5,417 |  |  | $ | 23,868 |
Total assets |  | $ | 2,985,856 |  |  | $ | 17,970 |  |  | $ | 105,956 |  |  | $ | 3,109,782 |
Full Time Employees |  | 376 |  | 45 |  | 34 |  | 455
(1) includes service charges on deposits, loss on sales of securities, interchange fees, BOLI income, insurance commissions and other noninterest income (2) represents SBA loan related fee income (3) includes occupancy and equipment, information technology expense, professional fees, advertising and public relations, communications and other noninterest expenses
|  | December 31, 2023
(dollars in thousands) |  | Bank |  | Mortgage Banking |  | Small Business Specialty Lending Division |  | Totals
Net Interest Income |  | $ | 75,464 |  |  | $ | 109 |  |  | $ | 2,671 |  |  | $ | 78,244 |
Provision for Credit Losses |  | 2,225 |  |  | — |  |  | 1,375 |  |  | 3,600 |
Net Interest Income after Provision for Credit Losses |  | 73,239 |  |  | 109 |  |  | 1,296 |  |  | 74,644 |
Mortgage Fee Income |  | (89) |  |  | 6,220 |  |  | — |  |  | 6,131 |
Gain on Sale of SBA Loans |  | — |  |  | — |  |  | 5,063 |  |  | 5,063 |
Other |  | 22,665 |  | (4) | 3 |  |  | 1,772 |  | (5) | 24,440 |
Noninterest Income |  | 22,576 |  |  | 6,223 |  |  | 6,835 |  |  | 35,634 |
Salaries and Employee Benefits |  | 36,273 |  |  | 7,005 |  |  | 5,955 |  |  | 49,233 |
Other (6) |  | 32,461 |  |  | (79) |  |  | 1,450 |  |  | 33,832 |
Noninterest Expenses |  | 68,734 |  |  | 6,926 |  |  | 7,405 |  |  | 83,065 |
Income Taxes |  | 5,454 |  |  | (117) |  |  | 129 |  |  | 5,466 |
Net income/(loss) |  | $ | 21,627 |  |  | $ | (477) |  |  | $ | 597 |  |  | $ | 21,747 |
Total assets |  | $ | 2,956,121 |  |  | $ | 7,890 |  |  | $ | 89,411 |  |  | $ | 3,053,422 |
Full Time Employees |  | 378 |  | 42 |  | 33 |  | 453
(4) includes service charges on deposits, interchange fees, BOLI income, insurance commissions and other noninterest income (5) represents SBA loan related fee income (6) includes occupancy and equipment, information technology expense, professional fees, advertising and public relations, communications and other noninterest expenses

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- Definition The entire disclosure for reporting segments including data and tables. 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