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Segment Reporting | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Segment Reporting | Note 13 – Segment Reporting Currently, the Corporation 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 six and three months ended June 30, 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 $104,000 for both of the six month periods ended June 30, 2023 and 2022 and $52,000 for both of the three month periods ended June 30, 2023 and 2022. ​ ​ ​ ​ ​ Information for the operating segments for the six and three month periods ended June 30, 2023 are presented in the following tables: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Six Months Ended
​ | ​ | ​ | ​ | June 30, 2023
​ | ​ | ​ | ​ | ​ | ​ | Trust and | ​ | ​
​ | ​ | ​ | ​ | Community | ​ | Investment | ​ | ​
(in thousands) | ​ | ​ | ​ | Banking | ​ | Services | ​ | Total
Interest income | ​ | ​ | $ | 37,801 | $ | - | $ | 37,801
Interest expense | ​ | ​ | ​ | 9,109 | ​ | - | ​ | 9,109
Credit loss expense | ​ | ​ | ​ | 938 | ​ | - | ​ | 938
Non-interest income | ​ | ​ | ​ | 4,411 | ​ | 4,551 | ​ | 8,962
Non-interest expense | ​ | ​ | ​ | 22,562 | ​ | 2,587 | ​ | 25,149
Income before income taxes and intercompany fees | ​ | ​ | ​ | 9,603 | ​ | 1,964 | ​ | 11,567
Intercompany management fee income (expense) | ​ | ​ | ​ | 6 | ​ | (6) | ​ | -
Income before income taxes | ​ | ​ | ​ | 9,609 | ​ | 1,958 | ​ | 11,567
Income tax expense | ​ | ​ | ​ | 2,367 | ​ | 411 | ​ | 2,778
Net income | ​ | ​ | $ | 7,242 | $ | 1,547 | $ | 8,789
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Six months ended
​ | ​ | ​ | ​ | June 30, 2022
​ | ​ | ​ | ​ | ​ | ​ | Trust and | ​ | ​
​ | ​ | ​ | ​ | Community | ​ | Investment | ​ | ​
(in thousands) | ​ | ​ | ​ | Banking | ​ | Services | ​ | Total
Interest income | ​ | ​ | $ | 28,878 | $ | - | $ | 28,878
Interest expense | ​ | ​ | ​ | 1,566 | ​ | - | ​ | 1,566
Credit for loan losses | ​ | ​ | ​ | 210 | ​ | - | ​ | 210
Non-interest income | ​ | ​ | ​ | 4,094 | ​ | 4,766 | ​ | 8,860
Non-interest expense | ​ | ​ | ​ | 18,805 | ​ | 2,405 | ​ | 21,210
Income before income taxes and intercompany fees | ​ | ​ | ​ | 12,391 | ​ | 2,361 | ​ | 14,752
Intercompany management fee income (expense) | ​ | ​ | ​ | 6 | ​ | (6) | ​ | -
Income before income taxes | ​ | ​ | ​ | 12,397 | ​ | 2,355 | ​ | 14,752
Income tax expense | ​ | ​ | ​ | 3,115 | ​ | 494 | ​ | 3,609
Net income | ​ | ​ | $ | 9,282 | $ | 1,861 | $ | 11,143
​ ​ ​ ​ ​ ​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Three Months Ended
​ | ​ | ​ | ​ | June 30, 2023
​ | ​ | ​ | ​ | ​ | ​ | Trust and | ​ | ​
​ | ​ | ​ | ​ | Community | ​ | Investment | ​ | ​
(in thousands) | ​ | ​ | ​ | Banking | ​ | Services | ​ | Total
Interest income | ​ | ​ | $ | 19,972 | $ | - | $ | 19,972
Interest expense | ​ | ​ | ​ | 5,798 | ​ | - | ​ | 5,798
Credit loss expense | ​ | ​ | ​ | 395 | ​ | - | ​ | 395
Non-interest income | ​ | ​ | ​ | 2,285 | ​ | 2,284 | ​ | 4,569
Non-interest expense | ​ | ​ | ​ | 11,177 | ​ | 1,334 | ​ | 12,511
Income before income taxes and intercompany fees | ​ | ​ | ​ | 4,887 | ​ | 950 | ​ | 5,837
Intercompany management fee income (expense) | ​ | ​ | ​ | 3 | ​ | (3) | ​ | -
Income before income taxes | ​ | ​ | ​ | 4,890 | ​ | 947 | ​ | 5,837
Income tax expense | ​ | ​ | ​ | 1,224 | ​ | 199 | ​ | 1,423
Net income | ​ | ​ | $ | 3,666 | $ | 748 | $ | 4,414
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Three Months Ended
​ | ​ | ​ | ​ | June 30, 2022
​ | ​ | ​ | ​ | ​ | ​ | Trust and | ​ | ​
​ | ​ | ​ | ​ | Community | ​ | Investment | ​ | ​
(in thousands) | ​ | ​ | ​ | Banking | ​ | Services | ​ | Total
Interest income | ​ | ​ | $ | 14,731 | $ | - | $ | 14,731
Interest expense | ​ | ​ | ​ | 760 | ​ | - | ​ | 760
Credit for loan losses | ​ | ​ | ​ | 631 | ​ | - | ​ | 631
Non-interest income | ​ | ​ | ​ | 2,069 | ​ | 2,357 | ​ | 4,426
Non-interest expense | ​ | ​ | ​ | 9,427 | ​ | 1,203 | ​ | 10,630
Income before income taxes and intercompany fees | ​ | ​ | ​ | 5,982 | ​ | 1,154 | ​ | 7,136
Intercompany management fee income (expense) | ​ | ​ | ​ | 3 | ​ | (3) | ​ | -
Income before income taxes | ​ | ​ | ​ | 5,985 | ​ | 1,151 | ​ | 7,136
Income tax expense | ​ | ​ | ​ | 1,467 | ​ | 241 | ​ | 1,708
Net income | ​ | ​ | $ | 4,518 | $ | 910 | $ | 5,428
​ Total non-fiduciary assets of the trust and investment services segment were $0.8 million (including $0.7 million in intangible assets) as of June 30, 2023 and $0.9 million (including $0.8 million in intangible assets) as of December 31, 2022.

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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