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SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Summarized Financial Information Showing Reconciliation of Segment Net Income Loss and Assets to Consolidated Results

						Three Months Ended March 31, 2025
						Core Banking						WMG						Holding Company and CFS						Inter-Segment Eliminations						Consolidated Totals
Interest and dividend income						$	31,698					$	—					$	1					$	(1)					$	31,698
Interest expense						11,882						—						—						(1)						11,881
Net interest income						19,816						—						1						—						19,817
Provision for credit losses						1,092						—						—						—						1,092
Net interest income after provision for credit losses						18,724						—						1						—						18,725
Non-interest income						2,816						2,867						209						(3)						5,889
Non-interest expenses:
Legal settlements						—						—						—						—						—
Compensation expense						7,349						1,413						256						—						9,018
Net occupancy expense						1,470						63						3						(3)						1,533
Furniture and equipment expense						351						19						3						—						373
Data processing & software expense						2,210						313						11						—						2,534
Other non-interest expenses						3,274						106						89						—						3,469
Total non-interest expense						14,654						1,914						362						(3)						16,927
Income before income tax expense (benefit)						6,886						953						(152)						—						7,687
Income tax expense (benefit)						1,505						208						(49)						—						1,664
Segment net income						$	5,381					$	745					$	(103)					$	—					$	6,023
Supplemental Information:
Total assets as of March 31, 2025						$	2,766,339					$	3,005					$	228,017					$	(200,636)					$	2,796,725
Capital expenditures						$	328					$	—					$	—					$	—					$	328
Depreciation expense1						$	452					$	15					$	—					$	—					$	467

1 Included in net occupancy and furniture and equipment expense in the table above.

						Three Months Ended March 31, 2024
						Core Banking						WMG						Holding Company, and CFS						Inter-Segment Eliminations						Consolidated Totals
Interest and dividend income						$	31,211					$	—					$	10					$	(2)					$	31,219
Interest expense						13,132						—						—						(2)						13,130
Net interest income						18,079						—						10						—						18,089
Provision for credit losses						(2,040)						—						—						—						(2,040)
Net interest income after provision for credit losses						20,119						—						10						—						20,129
Non-interest income						2,744						2,703						212						(2)						5,657
Non-interest expenses:
Legal settlements						—						—						—						—						—
Compensation expense						7,256						1,437						173						—						8,866
Net occupancy expense						1,430						63						2						(2)						1,493
Furniture and equipment expense						376						19						3						—						398
Data processing & software expense						2,292						275						6						—						2,573
Other non-interest expenses						3,185						101						82						—						3,368
Total non-interest expense						14,539						1,895						266						(2)						16,698
Income before income tax expense (benefit)						8,324						808						(44)						—						9,088
Income tax expense (benefit)						1,871						182						(15)						—						2,038
Segment net income						$	6,453					$	626					$	(29)					$	—					$	7,050
Supplemental Information:
Total assets as of March 31, 2024						$	2,773,541					$	3,152					$	198,427					$	(190,230)					$	2,784,890
Capital expenditures						$	81					$	—					$	—					$	—					$	81
Depreciation expense1						$	451					$	14					$	—					$	—					$	465

1 Included in net occupancy and furniture and equipment expense in the table above.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

+ Details

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