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v3.24.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | Information reported internally for performance assessment follows for the nine months ended September 30, 2024 and September 30, 2023:
|  |  |  |  | Mortgage |  |  | Total |
|  | Banking |  |  | Banking |  |  | Segments |
September 30, 2024 |  |  |  |  |  |  |  |  |
Net Interest income |  | $ | 30,841 |  |  | $ | 2,400 |  |  | $ | 33,241 |
Gain on sale of mortgage loans |  |  | — |  |  |  | 10,706 |  |  |  | 10,706 |
Other revenue |  |  | 3,284 |  |  |  | 3,357 |  |  |  | 6,641 |
Total operating revenue |  | $ | 34,125 |  |  | $ | 16,463 |  |  | $ | 50,588 |
Salaries and employee benefits |  | $ | 17,952 |  |  | $ | 13,263 |  |  | $ | 31,215 |
Mortgage servicing rights amortization |  |  | — |  |  |  | 397 |  |  |  | 397 |
Hedging activity, net |  |  | — |  |  |  | 581 |  |  |  | 581 |
Provision for credit losses and other expenses |  |  | 14,579 |  |  |  | 4,903 |  |  |  | 19,482 |
Income tax expense (benefit) |  |  | 299 |  |  |  | (533 | ) |  |  | (234 | )
Total expenses |  | $ | 32,830 |  |  | $ | 18,611 |  |  | $ | 51,441 |
Segment profit (loss) |  | $ | 1,295 |  |  | $ | (2,148 | ) |  | $ | (853 | )
Segment assets |  | $ | 1,354,288 |  |  | $ | 53,392 |  |  | $ | 1,407,680 |
September 30, 2023 |  |  |  |  |  |  |  |  |
Net Interest income |  | $ | 30,258 |  |  | $ | 2,886 |  |  | $ | 33,144 |
Gain on sale of mortgage loans |  |  | — |  |  |  | 9,932 |  |  |  | 9,932 |
Other revenue |  |  | 3,208 |  |  |  | 7,368 |  |  |  | 10,576 |
Total operating revenue |  | $ | 33,466 |  |  | $ | 20,186 |  |  | $ | 53,652 |
Salaries and employee benefits |  | $ | 16,079 |  |  | $ | 15,540 |  |  | $ | 31,619 |
Mortgage servicing rights amortization |  |  | — |  |  |  | 1,574 |  |  |  | 1,574 |
Hedging activity, net |  |  | — |  |  |  | (369 | ) |  |  | (369 | )
Provision for credit losses and other expenses |  |  | 13,022 |  |  |  | 5,147 |  |  |  | 18,169 |
Income tax expense (benefit) |  |  | 727 |  |  |  | (368 | ) |  |  | 359 |
Total expenses |  | $ | 29,828 |  |  | $ | 21,524 |  |  | $ | 51,352 |
Segment profit (loss) |  | $ | 3,638 |  |  | $ | (1,338 | ) |  | $ | 2,300 |
Segment assets |  | $ | 1,052,234 |  |  | $ | 41,859 |  |  | $ | 1,094,093 |

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- 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
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