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Note 12 - Segment Reporting | 9 Months Ended
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Sep. 30, 2025
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | Note 12 – Segment Reporting The Company has determined that it has two reportable segments: community banking and mortgage banking. The Company's operating segments are presented based on its management structure and management accounting practices. The structure and practices are specific to the Company and therefore, the financial results of the Company's business segments are not necessarily comparable with similar information for other financial institutions. Community Banking The community banking segment provides consumer and business banking products and services to customers primarily within Southeastern Wisconsin. Within this segment, the following products and services are provided: (1) lending solutions such as residential mortgages, home equity loans and lines of credit, personal and installment loans, real estate financing, business loans, and business lines of credit; (2) deposit and transactional solutions such as checking, credit, debit and pre-paid cards, online banking and bill pay, and money transfer services; (3) investable funds solutions such as savings, money market deposit accounts, IRA accounts, certificates of deposit, and (4) fixed and variable annuities, insurance as well as trust and investment management accounts. Consumer products include loan and deposit products: mortgage, home equity loans and lines, personal term loans, demand deposit accounts, interest bearing transaction accounts and time deposits. Consumer products also include personal investment services. Business banking products include secured and unsecured lines and term loans for working capital, inventory and general corporate use, commercial real estate construction loans, demand deposit accounts, interest bearing transaction accounts and time deposits. Mortgage Banking The mortgage banking segment provides residential mortgage loans for the primary purpose of sale on the secondary market. Mortgage banking products and services are provided by offices in 28 states with the ability to lend in 48 states. The Company’s chief executive officer has been identified as the chief operating decision maker (“CODM”). Selected financial and descriptive information is reported to the CODM. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The CODM uses the Community Banking and Mortgage Banking segment's net interest income, non-interest income, non-interest expense, and pre-tax income for making operating decisions, allocating resources (including employees, financial, or capital resources), and assessing performance. Based on the reviews of these two segments and other company-wide initiatives, the CODM is informed about allocation of resources to the Holding Company and Other segment. Presented below is the segment information:
|  | As of or for the three months ended September 30, 2025 |
|  |  |  |  |  |  |  |  |  | Holding |  |  |  |  |
|  | Community |  |  | Mortgage |  |  | Company and |  |  |  |  |
|  | Banking |  |  | Banking |  |  | Other |  |  | Consolidated |
|  | (In Thousands) |
Net interest income |  | $ | 14,617 |  |  | $ | 103 |  |  | $ | 19 |  |  | $ | 14,739 |
Provision (credit) for credit losses |  |  | (276 | ) |  |  | 7 |  |  |  | - |  |  |  | (269 | )
Net interest income after provision (credit) for credit losses |  |  | 14,893 |  |  |  | 96 |  |  |  | 19 |  |  |  | 15,008 |
Noninterest income: |  |  | 1,359 |  |  |  | 20,985 |  |  |  | (42 | ) |  |  | 22,302 |
Noninterest expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compensation, payroll taxes, and other employee benefits |  |  | 5,036 |  |  |  | 15,716 |  |  |  | (218 | ) |  |  | 20,534 |
Occupancy, office furniture and equipment |  |  | 907 |  |  |  | 781 |  |  |  | - |  |  |  | 1,688 |
Advertising |  |  | 213 |  |  |  | 499 |  |  |  | - |  |  |  | 712 |
Data processing |  |  | 733 |  |  |  | 475 |  |  |  | 2 |  |  |  | 1,210 |
Communications |  |  | 108 |  |  |  | 141 |  |  |  | - |  |  |  | 249 |
Professional fees |  |  | 200 |  |  |  | 180 |  |  |  | - |  |  |  | 380 |
Real estate owned |  |  | 4 |  |  |  | - |  |  |  | - |  |  |  | 4 |
Loan processing expense |  |  | - |  |  |  | 688 |  |  |  | - |  |  |  | 688 |
Other |  |  | 617 |  |  |  | 1,271 |  |  |  | 113 |  |  |  | 2,001 |
Total noninterest expenses |  |  | 7,818 |  |  |  | 19,751 |  |  |  | (103 | ) |  |  | 27,466 |
Income before income tax expense |  |  | 8,434 |  |  |  | 1,330 |  |  |  | 80 |  |  |  | 9,844 |
Income tax expense |  |  | 1,518 |  |  |  | 382 |  |  |  | 18 |  |  |  | 1,918 |
Net income |  | $ | 6,916 |  |  | $ | 948 |  |  | $ | 62 |  |  | $ | 7,926 |
Total Assets |  | $ | 2,501,480 |  |  | $ | 169,697 |  |  | $ | (402,008 | ) |  | $ | 2,269,169 |
|  | As of or for the three months ended September 30, 2024 |
|  |  |  |  |  |  |  |  |  | Holding |  |  |  |  |
|  | Community |  |  | Mortgage |  |  | Company and |  |  |  |  |
|  | Banking |  |  | Banking |  |  | Other |  |  | Consolidated |
|  | (In Thousands) |
Net interest income (expense) |  | $ | 12,250 |  |  | $ | (760 | ) |  | $ | 27 |  |  | $ | 11,517 |
Provision (credit) for credit losses |  |  | (302 | ) |  |  | (75 | ) |  |  | - |  |  |  | (377 | )
Net interest income (expense) after provision (credit) for credit losses |  |  | 12,552 |  |  |  | (685 | ) |  |  | 27 |  |  |  | 11,894 |
Noninterest income: |  |  | 1,227 |  |  |  | 21,386 |  |  |  | (61 | ) |  |  | 22,552 |
Noninterest expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compensation, payroll taxes, and other employee benefits |  |  | 5,326 |  |  |  | 15,930 |  |  |  | (239 | ) |  |  | 21,017 |
Occupancy, office furniture and equipment |  |  | 904 |  |  |  | 953 |  |  |  | - |  |  |  | 1,857 |
Advertising |  |  | 311 |  |  |  | 615 |  |  |  | - |  |  |  | 926 |
Data processing |  |  | 720 |  |  |  | 570 |  |  |  | 7 |  |  |  | 1,297 |
Communications |  |  | 80 |  |  |  | 152 |  |  |  | - |  |  |  | 232 |
Professional fees |  |  | 190 |  |  |  | 379 |  |  |  | - |  |  |  | 569 |
Real estate owned |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Loan processing expense |  |  | - |  |  |  | 697 |  |  |  | - |  |  |  | 697 |
Other |  |  | 602 |  |  |  | 1,261 |  |  |  | 102 |  |  |  | 1,965 |
Total noninterest expenses |  |  | 8,133 |  |  |  | 20,557 |  |  |  | (130 | ) |  |  | 28,560 |
Income before income tax expense |  |  | 5,646 |  |  |  | 144 |  |  |  | 96 |  |  |  | 5,886 |
Income tax expense |  |  | 941 |  |  |  | 194 |  |  |  | 23 |  |  |  | 1,158 |
Net income (loss) |  | $ | 4,705 |  |  | $ | (50 | ) |  | $ | 73 |  |  | $ | 4,728 |
Total Assets |  | $ | 2,472,126 |  |  | $ | 193,726 |  |  | $ | (421,516 | ) |  | $ | 2,244,336 |
|  | As of or for the nine months ended September 30, 2025 |
|  |  |  |  |  |  |  |  |  | Holding |  |  |  |  |
|  | Community |  |  | Mortgage |  |  | Company and |  |  |  |  |
|  | Banking |  |  | Banking |  |  | Other |  |  | Consolidated |
|  | (In Thousands) |
Net interest income |  | $ | 40,660 |  |  | $ | 308 |  |  | $ | 55 |  |  | $ | 41,023 |
Provision (credit) for credit losses |  |  | (813 | ) |  |  | (23 | ) |  |  | - |  |  |  | (836 | )
Net interest income after provision (credit) for credit losses |  |  | 41,473 |  |  |  | 331 |  |  |  | 55 |  |  |  | 41,859 |
Noninterest income: |  |  | 4,393 |  |  |  | 59,359 |  |  |  | (24 | ) |  |  | 63,728 |
Noninterest expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compensation, payroll taxes, and other employee benefits |  |  | 15,275 |  |  |  | 44,082 |  |  |  | (655 | ) |  |  | 58,702 |
Occupancy, office furniture and equipment |  |  | 2,903 |  |  |  | 2,467 |  |  |  | - |  |  |  | 5,370 |
Advertising |  |  | 603 |  |  |  | 1,578 |  |  |  | - |  |  |  | 2,181 |
Data processing |  |  | 2,251 |  |  |  | 1,480 |  |  |  | 4 |  |  |  | 3,735 |
Communications |  |  | 307 |  |  |  | 434 |  |  |  | - |  |  |  | 741 |
Professional fees |  |  | 743 |  |  |  | 1,856 |  |  |  | 17 |  |  |  | 2,616 |
Real estate owned |  |  | (14 | ) |  |  | - |  |  |  | - |  |  |  | (14 | )
Loan processing expense |  |  | - |  |  |  | 2,425 |  |  |  | - |  |  |  | 2,425 |
Other |  |  | 1,679 |  |  |  | 4,252 |  |  |  | 506 |  |  |  | 6,437 |
Total noninterest expenses |  |  | 23,747 |  |  |  | 58,574 |  |  |  | (128 | ) |  |  | 82,193 |
Income before income tax expense |  |  | 22,119 |  |  |  | 1,116 |  |  |  | 159 |  |  |  | 23,394 |
Income tax expense |  |  | 4,345 |  |  |  | 325 |  |  |  | 35 |  |  |  | 4,705 |
Net income |  | $ | 17,774 |  |  | $ | 791 |  |  | $ | 124 |  |  | $ | 18,689 |
|  | As of or for the nine months ended September 30, 2024 |
|  |  |  |  |  |  |  |  |  | Holding |  |  |  |  |
|  | Community |  |  | Mortgage |  |  | Company and |  |  |  |  |
|  | Banking |  |  | Banking |  |  | Other |  |  | Consolidated |
|  | (In Thousands) |
Net interest income (expense) |  | $ | 35,082 |  |  | $ | (1,853 | ) |  | $ | 104 |  |  | $ | 33,333 |
Provision (credit) for credit losses |  |  | (476 | ) |  |  | (59 | ) |  |  | - |  |  |  | (535 | )
Net interest income (expense) after provision (credit) for credit losses |  |  | 35,558 |  |  |  | (1,794 | ) |  |  | 104 |  |  |  | 33,868 |
Noninterest income: |  |  | 3,708 |  |  |  | 66,795 |  |  |  | (206 | ) |  |  | 70,297 |
Noninterest expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compensation, payroll taxes, and other employee benefits |  |  | 15,802 |  |  |  | 47,572 |  |  |  | (719 | ) |  |  | 62,655 |
Occupancy, office furniture and equipment |  |  | 2,887 |  |  |  | 3,107 |  |  |  | - |  |  |  | 5,994 |
Advertising |  |  | 714 |  |  |  | 2,113 |  |  |  | - |  |  |  | 2,827 |
Data processing |  |  | 2,100 |  |  |  | 1,627 |  |  |  | 18 |  |  |  | 3,745 |
Communications |  |  | 217 |  |  |  | 481 |  |  |  | - |  |  |  | 698 |
Professional fees |  |  | 575 |  |  |  | 1,468 |  |  |  | 27 |  |  |  | 2,070 |
Real estate owned |  |  | 14 |  |  |  | - |  |  |  | - |  |  |  | 14 |
Loan processing expense |  |  | - |  |  |  | 2,604 |  |  |  | - |  |  |  | 2,604 |
Other |  |  | 1,965 |  |  |  | 3,519 |  |  |  | 278 |  |  |  | 5,762 |
Total noninterest expenses |  |  | 24,274 |  |  |  | 62,491 |  |  |  | (396 | ) |  |  | 86,369 |
Income before income tax expense |  |  | 14,992 |  |  |  | 2,510 |  |  |  | 294 |  |  |  | 17,796 |
Income tax expense |  |  | 3,298 |  |  |  | 949 |  |  |  | 71 |  |  |  | 4,318 |
Net income |  | $ | 11,694 |  |  | $ | 1,561 |  |  | $ | 223 |  |  | $ | 13,478 |

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