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Segment Information
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
ASC Topic 820 - 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 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. The following tables present information reported internally for performance assessment for the three and nine months ended September 30, 2025 and 2024:
(dollars in thousands)BankMortgage
Banking
Small
Business
Specialty
Lending
Division
Totals
Three Months Ended September 30, 2025
Net Interest Income$21,629 $62 $1,008 $22,699 
Provision for Credit Losses(371)— 1,271 900 
Net Interest Income after Provision for Credit Losses22,000 62 (263)21,799 
Mortgage Fee Income— 1,851 — 1,851 
Gain on Sale of SBA Loans— — 1,411 1,411 
Other6,144 (1)— 685 (2)6,829 
Total Noninterest Income6,144 1,851 2,096 10,091 
Salaries and Employee Benefits10,163 1,950 1,419 13,532 
Other (3)
10,912 116 52 11,080 
Total Noninterest Expense21,075 2,066 1,471 24,612 
Income Taxes1,413 (27)73 1,459 
Segment Profit$5,656 $(126)$289 $5,819 
(1) Includes service charges on deposits, interchange fees, BOLI income, insurance commissions and other noninterest income.
(2) Represents SBA loan related fee income.
(3) Includes occupancy and equipment, acquisition related expenses, information technology expenses, professional fees, advertising and public relations, communications and other noninterest expenses.
(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 
Net Interest Income after Provision for Credit Losses16,454 67 1,270 17,791 
Mortgage Fee Income— 1,812 — 1,812 
Gain on Sale of SBA Loans— — 2,227 2,227 
Other5,494 (1)— 549 (2)6,043 
Total Noninterest Income5,494 1,812 2,776 10,082 
Salaries and Employee Benefits9,161 1,657 1,776 12,594 
Other (3)
7,914 (124)451 8,241 
Total Noninterest Expense17,075 1,533 2,227 20,835 
Income Taxes1,017 71 321 1,409 
Segment Profit$3,856 $275 $1,498 $5,629 
(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.
(dollars in thousands)BankMortgage
Banking
Small
Business
Specialty
Lending
Division
Totals
Nine Months Ended September 30, 2025
Net Interest Income$62,937 $159 $2,940 $66,036 
Provision for Credit Losses520 — 2,330 2,850 
Net Interest Income after Provision for Credit Losses62,417 159 610 63,186 
Mortgage Fee Income— 5,414 — 5,414 
Gain on Sale of SBA Loans— — 3,996 3,996 
Other17,887 (1)— 1,936 (2)19,823 
Total Noninterest Income17,887 5,414 5,932 29,233 
Salaries and Employee Benefits28,670 5,168 4,464 38,302 
Other (3)
27,464 209 862 28,535 
Total Noninterest Expense56,134 5,377 5,326 66,837 
Income Taxes4,872 52 248 5,172 
Segment Profit$19,298 $144 $968 $20,410 
Segments Assets at September 30, 2025$3,046,699 $12,959 $93,088 $3,152,746 
Full time employees September 30, 20253834631460
(1) Includes service charges on deposits, interchange fees, BOLI income, insurance commissions and other noninterest income.
(2) Represents SBA loan related fee income.
(3) Includes occupancy and equipment, acquisition related expenses, information technology expenses, professional fees, advertising and public relations, communications and other noninterest expenses.
(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 
Net Interest Income after Provision for Credit Losses50,672 157 2,375 53,204 
Mortgage Fee Income70 4,433 — 4,503 
Gain on Sale of SBA Loans— — 6,620 6,620 
Other16,190 (1)— 1,753 (2)17,943 
Total Noninterest Income16,260 4,433 8,373 29,066 
Salaries and Employee Benefits27,491 4,291 5,108 36,890 
Other (3)
23,848 (214)1,038 24,672 
Total Noninterest Expense51,339 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 December 31, 2024$2,985,856 $17,970 $105,956 $3,109,782 
Full time employees September 30, 20243754433452
(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.