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Segment Information | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Segment Information | 13. SEGMENT INFORMATION The Company's reportable segment is determined by the Chief Executive Officer who is the designated chief operating decision maker, based upon information about the Company's banking products and services offered. The segment is also distinguished by the level of information provided to the chief operating decision maker, who uses such information to review performance of the various components of the business, such as branches and products offered, which are then aggregated if operating performance, products and services, and customers are similar. The chief operating decision maker will evaluate the financial performance of the Company's business components by evaluating revenue streams, significant expenses, and budget to actual results in assessing the Company's reportable segment and in determination of allocating resources. The chief operating decision maker uses revenue streams to evaluate products pricing and significant expenses to assess performance and return on assets. The chief operating decision maker uses consolidated net income to benchmark to Company against its competitors. The benchmarking analysis is coupled with the monitoring of budget to actual results are used in assessment performance and in establishing compensation. Interest income on loans and investments primarily provide the revenues in the banking segment. Interest expense on deposits and borrowings, provisions for credit losses, and payroll provide significant expenses in the banking operations. Accounting policies for segments are the same as those described in Note 1. Segment performance is evaluated using consolidated net income. Information reported internally for performance assessment by the chief operating decision maker follows, inclusive of reconciliations of segment totals to the financials.
|  | For the Three Months Ended June 30, |  |  | For the Six Months Ended June 30, |
(In thousands) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Interest Income |  | $ | 39,326 |  |  | $ | 39,449 |  |  | $ | 79,468 |  |  | $ | 78,224 |
Reconciliation of revenue |  |  |  |  |  |  |  |  |  |  |  |
Other revenues |  |  | 2,933 |  |  |  | 1,858 |  |  |  | 16,190 |  |  |  | 3,587 |
Total consolidated revenues |  | $ | 42,259 |  |  | $ | 41,307 |  |  | $ | 95,658 |  |  | $ | 81,811 |
Interest Expense |  |  | 14,377 |  |  |  | 14,965 |  |  |  | 28,688 |  |  |  | 28,856 |
Segment net interest income and noninterest income |  | $ | 27,882 |  |  | $ | 26,342 |  |  | $ | 66,970 |  |  | $ | 52,955 |
Provision for credit losses |  |  | 344 |  |  |  | — |  |  |  | 572 |  |  |  | 40 |
Salaries and employee benefits |  |  | 10,252 |  |  |  | 9,941 |  |  |  | 21,408 |  |  |  | 21,059 |
Other Expenses |  |  | 9,899 |  |  |  | 10,597 |  |  |  | 22,260 |  |  |  | 20,326 |
Consolidated net income |  | $ | 7,387 |  |  | $ | 5,804 |  |  | $ | 22,730 |  |  | $ | 11,530 |
Other segment disclosures |  |  |  |  |  |  |  |  |  |  |  |
Gain on sale of branches |  | $ | — |  |  | $ | — |  |  | $ | 11,093 |  |  | $ | — |
Interest income |  | $ | 39,326 |  |  | $ | 39,449 |  |  | $ | 79,468 |  |  | $ | 78,224 |
Interest expense |  | $ | 14,377 |  |  | $ | 14,965 |  |  | $ | 28,688 |  |  | $ | 28,856 |
Depreciation |  | $ | 406 |  |  | $ | 514 |  |  | $ | 823 |  |  | $ | 1,012 |
Amortization of intangible assets |  | $ | 1,083 |  |  | $ | 1,204 |  |  | $ | 2,167 |  |  | $ | 2,411 |
Other significant noncash items: |  |  |  |  |  |  |  |  |  |  |  |
Provision for credit loss |  | $ | 344 |  |  | $ | — |  |  | $ | 572 |  |  | $ | 40 |
Total consolidated assets were $2.89 billion and $2.88 billion at June 30, 2025 and December 31, 2024, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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