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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting

Schedule of Total Assets of Each Operating Segment

​

​	​	​	​	​	​	​	​	​
​	Community		​	Wealth		​	​	​
​	Banking			Management			Total
Total assets as of June 30, 2025	$	2,007,120	​	$	351	​	$	2,007,471
​	​	​	​	​	​	​	​	​
Total assets as of December 31, 2024	$	1,972,513	​	$	509	​	$	1,973,022

Schedule of Information for the Operating Segments

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	Six Months Ended
​	​	​	​	June 30, 2025
​	​	​	​	​	​	​	​	​	​	​
​	​	​	Community		​	Wealth		​	​	​
(in thousands)	​	​	Banking			Management			Total
Interest income	​	​	$	48,933	​	$	—	​	$	48,933
Interest expense	​	​	​	16,210	​	​	—	​	​	16,210
Net interest income	​	​	​	32,723	​	​	—	​	​	32,723
Credit loss expense	​	​	​	1,516	​	​	—	​	​	1,516
Net interest income after credit loss expense	​	​	​	31,207	​	​	—	​	​	31,207
Other operating income:	​	​	​	​	​	​	​	​	​	​
Net gains on sales of residential mortgages	​	​	​	238	​	​	—	​	​	238
Service charges on deposit accounts	​	​	​	1,124	​	​	—	​	​	1,124
Other service charges	​	​	​	420	​	​	—	​	​	420
Trust department income	​	​	​	—	​	​	4,709	​	​	4,709
Debit card income	​	​	​	1,904	​	​	—	​	​	1,904
Brokerage commissions	​	​	​	—	​	​	791	​	​	791
Other segment income (1)	​	​	​	814	​	​	—	​	​	814
Total other operating income	​	​	​	4,500	​	​	5,500	​	​	10,000
Other operating expenses:	​	​	​	​	​	​	​	​	​	​
Salaries and employee benefits	​	​	​	12,397	​	​	2,253	​	​	14,650
Equipment and occupancy	​	​	​	2,457	​	​	50	​	​	2,507
Data processing	​	​	​	2,908	​	​	195	​	​	3,103
FDIC premiums	​	​	​	512	​	​	—	​	​	512
Other segment expenses (2)	​	​	​	4,540	​	​	238	​	​	4,778
Total operating expenses	​	​	​	22,814	​	​	2,736	​	​	25,550
Income before income taxes and intercompany fees	​	​	​	12,893	​	​	2,764	​	​	15,657
Intercompany management fee income/(expense)	​	​	​	6	​	​	(6)	​	​	—
Income before income taxes	​	​	​	12,899	​	​	2,758	​	​	15,657
Income tax expense	​	​	​	3,287	​	​	580	​	​	3,867
Net income	​	​	$	9,612	​	$	2,178	​	$	11,790
Significant noncash items	​	​	​	​	​	​	​	​	​	​
Credit loss expense	​	​	$	1,516	​	$	—	​	$	1,516
Depreciation	​	​	​	1,302	​	​	9	​	​	1,311
Amortization of intangible assets	​	​	​	60	​	​	104	​	​	164

(1) Other segment income includes bank owned life insurance income, and miscellaneous income.

(2) Other segment expenses include professional services, contract labor, telephone, investor relations, contributions, net other real estate owned (“OREO”) expense/(income), and miscellaneous expenses.

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	Six Months Ended
​	​	​	​	June 30, 2024
​	​	​	​	​	​	​	​	​	​	​
​	​	​	Community		​	Wealth		​	​	​
(in thousands)	​	​	Banking			Management			Total
Interest income	​	​	$	45,011	​	$	—	​	$	45,011
Interest expense	​	​	​	15,961	​	​	—	​	​	15,961
Net interest income	​	​	​	29,050	​	​	—	​	​	29,050
Credit loss expense	​	​	​	2,140	​	​	—	​	​	2,140
Net interest income after credit loss expense	​	​	​	26,910	​	​	—	​	​	26,910
Other operating income:	​	​	​	​	​	​	​	​	​	​
Net gains on sales of residential mortgages	​	​	​	141	​	​	—	​	​	141
Service charges on deposit accounts	​	​	​	1,112	​	​	—	​	​	1,112
Other service charges	​	​	​	440	​	​	—	​	​	440
Trust department income	​	​	​	—	​	​	4,443	​	​	4,443
Debit card income	​	​	​	1,931	​	​	—	​	​	1,931
Brokerage commissions	​	​	​	—	​	​	857	​	​	857
Other segment income (1)	​	​	​	792	​	​	—	​	​	792
Total other operating income	​	​	​	4,416	​	​	5,300	​	​	9,716
Other operating expenses:	​	​	​	​	​	​	​	​	​	​
Salaries and employee benefits	​	​	​	12,250	​	​	2,163	​	​	14,413
Equipment and occupancy	​	​	​	3,124	​	​	40	​	​	3,164
Data processing	​	​	​	2,561	​	​	179	​	​	2,740
FDIC premiums	​	​	​	554	​	​	—	​	​	554
Other segment expenses (2)	​	​	​	4,120	​	​	254	​	​	4,374
Total operating expenses	​	​	​	22,609	​	​	2,636	​	​	25,245
Income before income taxes and intercompany fees	​	​	​	8,717	​	​	2,664	​	​	11,381
Intercompany management fee income/(expense)	​	​	​	6	​	​	(6)	​	​	—
Income before income taxes	​	​	​	8,723	​	​	2,658	​	​	11,381
Income tax expense	​	​	​	2,210	​	​	559	​	​	2,769
Net income	​	​	$	6,513	​	$	2,099	​	$	8,612
Significant noncash items	​	​	​	​	​	​	​	​	​	​
Credit loss expense	​	​	$	2,140	​	$	—	​	$	2,140
Depreciation	​	​	​	1,931	​	​	21	​	​	1,952
Amortization of intangible assets	​	​	​	60	​	​	105	​	​	165

(1) Other segment income includes bank owned life insurance income, and miscellaneous income.

(2) Other segment expenses include professional services, contract labor, telephone, investor relations, contributions, net OREO expense/(income), and miscellaneous expenses.

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	Three Months Ended
​	​	​	​	June 30, 2025
​	​	​	​	​	​	​	​	​	​	​
​	​	​	Community		​	Wealth		​	​	​
(in thousands)	​	​	Banking			Management			Total
Interest income	​	​	$	24,871	​	$	—	​	$	24,871
Interest expense	​	​	​	8,164	​	​	—	​	​	8,164
Net interest income	​	​	​	16,707	​	​	—	​	​	16,707
Credit loss expense	​	​	​	860	​	​	—	​	​	860
Net interest income after credit loss expense	​	​	​	15,847	​	​	—	​	​	15,847
Other operating income:	​	​	​	​	​	​	​	​	​	​
Net gains on sales of residential mortgages	​	​	​	146	​	​	—	​	​	146
Service charges on deposit accounts	​	​	​	577	​	​	—	​	​	577
Other service charges	​	​	​	214	​	​	—	​	​	214
Trust department income	​	​	​	—	​	​	2,386	​	​	2,386
Debit card income	​	​	​	983	​	​	—	​	​	983
Brokerage commissions	​	​	​	—	​	​	370	​	​	370
Other segment income (1)	​	​	​	410	​	​	—	​	​	410
Total other operating income	​	​	​	2,330	​	​	2,756	​	​	5,086
Other operating expenses:	​	​	​	​	​	​	​	​	​	​
Salaries and employee benefits	​	​	​	6,150	​	​	1,169	​	​	7,319
Equipment and occupancy	​	​	​	1,215	​	​	25	​	​	1,240
Data processing	​	​	​	1,500	​	​	100	​	​	1,600
FDIC premiums	​	​	​	267	​	​	—	​	​	267
Other segment expenses (2)	​	​	​	2,437	​	​	111	​	​	2,548
Total operating expenses	​	​	​	11,569	​	​	1,405	​	​	12,974
Income before income taxes and intercompany fees	​	​	​	6,608	​	​	1,351	​	​	7,959
Intercompany management fee income/(expense)	​	​	​	3	​	​	(3)	​	​	—
Income before income taxes	​	​	​	6,611	​	​	1,348	​	​	7,959
Income tax expense	​	​	​	1,692	​	​	283	​	​	1,975
Net income	​	​	$	4,919	​	$	1,065	​	$	5,984
Significant noncash items	​	​	​	​	​	​	​	​	​	​
Credit loss expense	​	​	$	860	​	$	—	​	$	860
Depreciation	​	​	​	646	​	​	9	​	​	655
Amortization of intangible assets	​	​	​	30	​	​	52	​	​	82

(1) Other segment income includes bank owned life insurance income, and miscellaneous income.

(2) Other segment expenses include professional services, contract labor, telephone, investor relations, contributions, net OREO expense/(income), and miscellaneous expenses.

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	Three Months Ended
​	​	​	​	June 30, 2024
​	​	​	​	​	​	​	​	​	​	​
​	​	​	Community		​	Wealth		​	​	​
(in thousands)	​	​	Banking			Management			Total
Interest income	​	​	$	23,113	​	$	—	​	$	23,113
Interest expense	​	​	​	7,875	​	​	—	​	​	7,875
Net interest income	​	​	​	15,238	​	​	—	​	​	15,238
Credit loss expense	​	​	​	1,194	​	​	—	​	​	1,194
Net interest income after credit loss expense	​	​	​	14,044	​	​	—	​	​	14,044
Other operating income:	​	​	​	​	​	​	​	​	​	​
Net gains on sales of residential mortgages	​	​	​	59	​	​	—	​	​	59
Service charges on deposit accounts	​	​	​	556	​	​	—	​	​	556
Other service charges	​	​	​	225	​	​	—	​	​	225
Trust department income	​	​	​	—	​	​	2,255	​	​	2,255
Debit card income	​	​	​	999	​	​	—	​	​	999
Brokerage commissions	​	​	​	—	​	​	362	​	​	362
Other segment income (1)	​	​	​	385	​	​	—	​	​	385
Total other operating income	​	​	​	2,224	​	​	2,617	​	​	4,841
Other operating expenses:	​	​	​	​	​	​	​	​	​	​
Salaries and employee benefits	​	​	​	6,136	​	​	1,120	​	​	7,256
Equipment and occupancy	​	​	​	1,259	​	​	28	​	​	1,287
Data processing	​	​	​	1,342	​	​	80	​	​	1,422
FDIC premiums	​	​	​	285	​	​	—	​	​	285
Other segment expenses (2)	​	​	​	1,993	​	​	121	​	​	2,114
Total operating expenses	​	​	​	11,015	​	​	1,349	​	​	12,364
Income before income taxes and intercompany fees	​	​	​	5,253	​	​	1,268	​	​	6,521
Intercompany management fee income/(expense)	​	​	​	3	​	​	(3)	​	​	—
Income before income taxes	​	​	​	5,256	​	​	1,265	​	​	6,521
Income tax expense	​	​	​	1,341	​	​	266	​	​	1,607
Net income	​	​	$	3,915	​	$	999	​	$	4,914
Significant noncash items	​	​	​	​	​	​	​	​	​	​
Credit loss expense	​	​	$	1,194	​	$	—	​	$	1,194
Depreciation	​	​	​	834	​	​	10	​	​	844
Amortization of intangible assets	​	​	​	30	​	​	52	​	​	82

(1) Other segment income includes bank owned life insurance income, and miscellaneous income.

(2) Other segment expenses include professional services, contract labor, telephone, investor relations, contributions, net OREO expense/(income), and miscellaneous expenses.

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

+ References

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