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Segment Reporting | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Segment Reporting | 22. 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 years ended December 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 $208,000 for the years ending December 31, 2023 and 2022. ​ Information for the operating segments for the years ended December 31, 2023 and 2022 are presented in the following tables:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | December 31, 2023
​ | ​ | ​ | ​ | ​ | ​ | Trust and | ​ | ​ | ​
​ | ​ | ​ | Community | ​ | Investment | ​ | ​ | ​
(in thousands) | ​ | ​ | Banking |  | Services |  | Total
Interest income | ​ | ​ | $ | 81,156 | ​ | $ | — | ​ | $ | 81,156
Interest expense | ​ | ​ | ​ | 24,286 | ​ | ​ | — | ​ | ​ | 24,286
Credit loss expense | ​ | ​ | ​ | 1,620 | ​ | ​ | — | ​ | ​ | 1,620
Non-interest income | ​ | ​ | ​ | 5,027 | ​ | ​ | 9,442 | ​ | ​ | 14,469
Non-interest expense | ​ | ​ | ​ | 45,098 | ​ | ​ | 5,145 | ​ | ​ | 50,243
Income before income taxes and intercompany fees | ​ | ​ | ​ | 15,179 | ​ | ​ | 4,297 | ​ | ​ | 19,476
Intercompany management fee income (expense) | ​ | ​ | ​ | 12 | ​ | ​ | (12) | ​ | ​ | —
Income before income taxes | ​ | ​ | ​ | 15,191 | ​ | ​ | 4,285 | ​ | ​ | 19,476
Income tax expense | ​ | ​ | ​ | 3,514 | ​ | ​ | 902 | ​ | ​ | 4,416
Net income | ​ | ​ | $ | 11,677 | ​ | $ | 3,383 | ​ | $ | 15,060
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | December 31, 2022
​ | ​ | ​ | ​ | ​ | ​ | Trust and | ​ | ​ | ​
​ | ​ | ​ | Community | ​ | Investment | ​ | ​ | ​
(in thousands) | ​ | ​ | Banking |  | Services |  | Total
Interest income | ​ | ​ | $ | 62,422 | ​ | $ | — | ​ | $ | 62,422
Interest expense | ​ | ​ | ​ | 4,789 | ​ | ​ | — | ​ | ​ | 4,789
Loan loss credit | ​ | ​ | ​ | (627) | ​ | ​ | — | ​ | ​ | (627)
Non-interest income | ​ | ​ | ​ | 8,757 | ​ | ​ | 9,293 | ​ | ​ | 18,050
Non-interest expense | ​ | ​ | ​ | 38,435 | ​ | ​ | 4,694 | ​ | ​ | 43,129
Income before income taxes and intercompany fees | ​ | ​ | ​ | 28,582 | ​ | ​ | 4,599 | ​ | ​ | 33,181
Intercompany management fee income (expense) | ​ | ​ | ​ | 12 | ​ | ​ | (12) | ​ | ​ | —
Income before income taxes | ​ | ​ | ​ | 28,594 | ​ | ​ | 4,587 | ​ | ​ | 33,181
Income tax expense | ​ | ​ | ​ | 7,168 | ​ | ​ | 965 | ​ | ​ | 8,133
Net income | ​ | ​ | $ | 21,426 | ​ | $ | 3,622 | ​ | $ | 25,048
​ Total non-fiduciary assets of the trust and investment services segment were $0.7 million (including $0.6 million in intangible assets) at December 31, 2023 and $0.9 million (including $0.8 million in intangible assets) at December 31, 2022. All other assets (including goodwill of $11.0 million as of December 31 2023 and 2022 and other intangible assets of $0.5 million and $0.6 million as of December 31, 2023 and 2022, respectively) were held by 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 -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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