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Segment Reporting | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Segment Reporting | Note 14 – Segment Reporting Currently, the Company conducts business in two operating segments: (i) Community Banking and (ii) Trust and Investment Services. The accounting policies of the segments are the same as those described in the summary of significant accounting policies provided earlier in this report. Business activity for the operating segments are as follows: Community Banking: The Community Banking segment is conducted through the Bank and involves delivering a broad range of financial products and services, including various loan and deposit products, to consumer, business, and not-for-profit customers. Parent company income and assets are included in the Community Banking segment, as the majority of parent company functions are related to this segment. Major revenue sources include net interest income, gains on sales of mortgage loans, and service charges on deposit accounts. Expenses include personnel, occupancy, marketing, equipment, and other expenses. Non-cash charges other than depreciation of fixed assets were immaterial for the three months ended March 31, 2023 and 2022. Trust and Investment Services: The Trust and Investment Services segment is conducted through the Bank and offers corporate trustee services, trust and estate administration, IRA administration and custody services. Revenues for this segment is generated from administration, service and custody fees, as well as management fees that are derived from Assets Under Management. Expenses include personnel, occupancy, marketing, equipment, and other expenses. Non-cash charges associated with amortization of intangibles were approximately $52,000 thousand for the three months ended March 31, 2023 and 2022. ​ Information for the operating segments for the periods indicated are presented in the following tables:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Three Months Ended
​ | ​ | ​ | ​ | March 31, 2023
​ | ​ | ​ | ​ | ​ | ​ | Trust and | ​ | ​
​ | ​ | ​ | ​ | Community | ​ | Investment | ​ | ​
(in thousands) | ​ | ​ | ​ | Banking | ​ | Services | ​ | Total
Interest income | ​ | ​ | $ | 17,829 | $ | - | $ | 17,829
Interest expense | ​ | ​ | ​ | 3,311 | ​ | - | ​ | 3,311
Credit loss expense | ​ | ​ | ​ | 543 | ​ | - | ​ | 543
Non-interest income | ​ | ​ | ​ | 2,125 | ​ | 2,268 | ​ | 4,393
Non-interest expense | ​ | ​ | ​ | 11,385 | ​ | 1,253 | ​ | 12,638
Income before income taxes and intercompany fees | ​ | ​ | ​ | 4,715 | ​ | 1,015 | ​ | 5,730
Intercompany management fee income (expense) | ​ | ​ | ​ | 3 | ​ | (3) | ​ | -
Income before income taxes | ​ | ​ | ​ | 4,718 | ​ | 1,012 | ​ | 5,730
Income tax expense | ​ | ​ | ​ | 1,143 | ​ | 212 | ​ | 1,355
Net income | ​ | ​ | $ | 3,575 | $ | 800 | $ | 4,375
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Three Months Ended
​ | ​ | ​ | ​ | March 31, 2022
​ | ​ | ​ | ​ | ​ | ​ | Trust and | ​ | ​
​ | ​ | ​ | ​ | Community | ​ | Investment | ​ | ​
(in thousands) | ​ | ​ | ​ | Banking | ​ | Services | ​ | Total
Interest income | ​ | ​ | $ | 14,147 | $ | - | $ | 14,147
Interest expense | ​ | ​ | ​ | 806 | ​ | - | ​ | 806
Credit for loan losses | ​ | ​ | ​ | (421) | ​ | - | ​ | (421)
Non-interest income | ​ | ​ | ​ | 2,025 | ​ | 2,409 | ​ | 4,434
Non-interest expense | ​ | ​ | ​ | 9,377 | ​ | 1,203 | ​ | 10,580
Income before income taxes and intercompany fees | ​ | ​ | ​ | 6,410 | ​ | 1,206 | ​ | 7,616
Intercompany management fee income (expense) | ​ | ​ | ​ | 3 | ​ | (3) | ​ | -
Income before income taxes | ​ | ​ | ​ | 6,413 | ​ | 1,203 | ​ | 7,616
Income tax expense | ​ | ​ | ​ | 1,647 | ​ | 254 | ​ | 1,901
Net income | ​ | ​ | $ | 4,766 | $ | 949 | $ | 5,715
​ Total non-fiduciary assets of the trust and investment services segment were $0.9 million (including $0.8 million in intangible assets) as of March 31, 2023 and $1.1 million (including $1.0 million in intangible assets) as of March 31, 2022. All other assets were allocated to the Community Banking segment.

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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