XML 39 R32.htm IDEA: XBRL DOCUMENT
v3.24.3

Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | 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 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration