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Segment Information | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Segment Information | 11. Segment Information The Bank has two reportable segments: traditional banking and mortgage banking. Revenues from traditional banking operations consist primarily of interest earned on loans held for investment and securities and fees from deposit services. Mortgage banking operating revenues consist principally of interest earned on mortgage loans held for sale, gains on sales of loans in the secondary mortgage market, and mortgage loan origination fee income. Segment performance is primarily evaluated using operating revenue. Income taxes are allocated, and material indirect expenses are allocated by volume. Mortgage banking is an internal division of Fidelity Bank and not a separate legal entity. Information reported internally for performance assessment follows for the six months ended June 30, 2024 and June 30, 2023:
|  |  |  |  | Mortgage |  |  | Total |
|  | Banking |  |  | Banking |  |  | Segments |
June 30, 2024 |  |  |  |  |  |  |  |  |
Net Interest income |  | $ | 20,179 |  |  | $ | 1,639 |  |  | $ | 21,818 |
Gain on sale of mortgage loans |  |  | — |  |  |  | 6,766 |  |  |  | 6,766 |
Other revenue |  |  | 2,245 |  |  |  | 2,963 |  |  |  | 5,208 |
Total operating revenue |  | $ | 22,424 |  |  | $ | 11,368 |  |  | $ | 33,792 |
Salaries and employee benefits |  | $ | 11,664 |  |  | $ | 8,806 |  |  | $ | 20,470 |
Mortgage servicing rights amortization |  |  | — |  |  |  | 304 |  |  |  | 304 |
Hedging activity, net |  |  | — |  |  |  | (131 | ) |  |  | (131 | )
Provision for credit losses and other expenses |  |  | 9,814 |  |  |  | 3,280 |  |  |  | 13,094 |
Income tax expense (benefit) |  |  | 174 |  |  |  | (161 | ) |  |  | 13 |
Total expenses |  | $ | 21,652 |  |  | $ | 12,098 |  |  | $ | 33,750 |
Segment profit (loss) |  | $ | 772 |  |  | $ | (730 | ) |  | $ | 42 |
Segment assets |  | $ | 1,117,949 |  |  | $ | 53,580 |  |  | $ | 1,171,529 |
June 30, 2023 |  |  |  |  |  |  |  |  |
Net Interest income |  | $ | 20,211 |  |  | $ | 2,094 |  |  | $ | 22,305 |
Gain on sale of mortgage loans |  |  | — |  |  |  | 6,726 |  |  |  | 6,726 |
Other revenue |  |  | 2,238 |  |  |  | 1,774 |  |  |  | 4,012 |
Total operating revenue |  | $ | 22,449 |  |  | $ | 10,594 |  |  | $ | 33,043 |
Salaries and employee benefits |  | $ | 10,345 |  |  | $ | 10,665 |  |  | $ | 21,010 |
Mortgage servicing rights amortization |  |  | — |  |  |  | 1,059 |  |  |  | 1,059 |
Hedging activity, net |  |  | — |  |  |  | (5 | ) |  |  | (5 | )
Other expenses |  |  | 7,888 |  |  |  | 3,386 |  |  |  | 11,274 |
Income tax expense (benefit) |  |  | 774 |  |  |  | (960 | ) |  |  | (186 | )
Total expenses |  | $ | 19,007 |  |  | $ | 14,145 |  |  | $ | 33,152 |
Segment profit (loss) |  | $ | 3,442 |  |  | $ | (3,551 | ) |  | $ | (109 | )
Segment assets |  | $ | 1,019,178 |  |  | $ | 52,045 |  |  | $ | 1,071,223 |

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- Definition The entire disclosure for reporting segments including data and tables. 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