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Reportable Segments (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Company’s Reportable Segment

The following tables present selected financial information for the Company’s reportable business segments for the three and nine months ended September 30, 2022 and September 30, 2021.

Schedule of Company’s Reportable Segment

(Dollars in thousands)		Commercial								Investment
Nine months ended September 30, 2022		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	34,736			$	1,311			$	—			$	3,295			$	(3,282	)		$	36,060
Interest expense			1,056				—				—				426				—				1,482
Net interest income		$	33,680			$	1,311			$	—			$	2,869			$	(3,282	)		$	34,578
Provision for loan losses			(270	)			93				—				—				—				(177	)
Noninterest income			3,996				1,614	1			3,446				—				—				9,056
Noninterest expense			24,703				2,849				2,263				744				—				30,559
Net income before taxes		$	13,243			$	(17	)		$	1,183			$	2,125			$	(3,282	)		$	13,252
Income tax provision (benefit)			2,930				—				—				(248	)			—				2,682
Net income (loss)		$	10,313			$	(17	)		$	1,183			$	2,373			$	(3,282	)		$	10,570
(Dollars in thousands)		Commercial								Investment
Nine months ended September 30, 2021		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	34,316			$	1,538			$	—			$	3,023			$	(3,013	)		$	35,864
Interest expense			1,436				—				—				313				—				1,749
Net interest income		$	32,880			$	1,538			$	—			$	2,710			$	(3,013	)		$	34,115
Provision for loan losses			394				—				—				—				—				394
Noninterest income			4,122				3,282	1			2,874				—				—				10,278
Noninterest expense			23,515				3,431				1,787				590				—				29,323
Net income before taxes		$	13,093			$	1,389			$	1,087			$	2,120			$	(3,013	)		$	14,676
Income tax provision (benefit)			3,306				—				—				(176	)			—				3,130
Net income (loss)		$	9,787			$	1,389			$	1,087			$	2,296			$	(3,013	)		$	11,546
(Dollars in thousands)		Commercial								Investment
Three months ended September 30, 2022		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	12,905			$	441			$	—			$	1,122			$	(1,116	)		$	13,352
Interest expense			367				—				—				191				—				558
Net interest income		$	12,538			$	441			$	—			$	931			$	(1,116	)		$	12,794
Provision for loan losses			(35	)			53				—				—				—				18
Noninterest income			1,329				291	1			1,053				—				—				2,673
Noninterest expense			8,381				973				725				338				—				10,417
Net income before taxes		$	5,521			$	(294	)		$	328			$	593			$	(1,116	)		$	5,032
Income tax provision (benefit)			1,191				—				—				(110	)			—				1,081
Net income		$	4,330			$	(294	)		$	328			$	703			$	(1,116	)		$	3,951

(Dollars in thousands)		Commercial								Investment
Three months ended September 30, 2021		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	12,516			$	463			$	—			$	1,009			$	(1,006	)		$	12,982
Interest expense			422				—				—				104				—				526
Net interest income		$	12,094			$	463			$	—			$	905			$	(1,006	)		$	12,456
Provision for loan losses			49				—				—				—				—				49
Noninterest income			1,376				1,481				1,040				—				—				3,564
Noninterest expense			8,016				1,096				622				171				—				9,905
Net income before taxes		$	5,405			$	515			$	418			$	734			$	(1,006	)		$	6,066
Income tax provision (benefit)			1,375				—				—				(57	)			—				1,318
Net income		$	4,030			$	515			$	418			$	791			$	(1,006	)		$	4,748
		Commercial								Investment
(Dollars in thousands)		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Total Assets as of September 30, 2022		$	1,607,729			$	43,297			$	—			$	154,352			$	(153,549	)		$	1,651,829
Total Assets as of December 31, 2021		$	1,542,553			$	41,194			$	2			$	152,928			$	(152,169	)		$	1,584,508

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(Dollars in thousands)		Commercial								Investment
Nine months ended September 30, 2022		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	34,736			$	1,311			$	—			$	3,295			$	(3,282	)		$	36,060
Interest expense			1,056				—				—				426				—				1,482
Net interest income		$	33,680			$	1,311			$	—			$	2,869			$	(3,282	)		$	34,578
Provision for loan losses			(270	)			93				—				—				—				(177	)
Noninterest income			3,996				1,614	1			3,446				—				—				9,056
Noninterest expense			24,703				2,849				2,263				744				—				30,559
Net income before taxes		$	13,243			$	(17	)		$	1,183			$	2,125			$	(3,282	)		$	13,252
Income tax provision (benefit)			2,930				—				—				(248	)			—				2,682
Net income (loss)		$	10,313			$	(17	)		$	1,183			$	2,373			$	(3,282	)		$	10,570
(Dollars in thousands)		Commercial								Investment
Nine months ended September 30, 2021		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	34,316			$	1,538			$	—			$	3,023			$	(3,013	)		$	35,864
Interest expense			1,436				—				—				313				—				1,749
Net interest income		$	32,880			$	1,538			$	—			$	2,710			$	(3,013	)		$	34,115
Provision for loan losses			394				—				—				—				—				394
Noninterest income			4,122				3,282	1			2,874				—				—				10,278
Noninterest expense			23,515				3,431				1,787				590				—				29,323
Net income before taxes		$	13,093			$	1,389			$	1,087			$	2,120			$	(3,013	)		$	14,676
Income tax provision (benefit)			3,306				—				—				(176	)			—				3,130
Net income (loss)		$	9,787			$	1,389			$	1,087			$	2,296			$	(3,013	)		$	11,546
(Dollars in thousands)		Commercial								Investment
Three months ended September 30, 2022		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	12,905			$	441			$	—			$	1,122			$	(1,116	)		$	13,352
Interest expense			367				—				—				191				—				558
Net interest income		$	12,538			$	441			$	—			$	931			$	(1,116	)		$	12,794
Provision for loan losses			(35	)			53				—				—				—				18
Noninterest income			1,329				291	1			1,053				—				—				2,673
Noninterest expense			8,381				973				725				338				—				10,417
Net income before taxes		$	5,521			$	(294	)		$	328			$	593			$	(1,116	)		$	5,032
Income tax provision (benefit)			1,191				—				—				(110	)			—				1,081
Net income		$	4,330			$	(294	)		$	328			$	703			$	(1,116	)		$	3,951

(Dollars in thousands)		Commercial								Investment
Three months ended September 30, 2021		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	12,516			$	463			$	—			$	1,009			$	(1,006	)		$	12,982
Interest expense			422				—				—				104				—				526
Net interest income		$	12,094			$	463			$	—			$	905			$	(1,006	)		$	12,456
Provision for loan losses			49				—				—				—				—				49
Noninterest income			1,376				1,481				1,040				—				—				3,564
Noninterest expense			8,016				1,096				622				171				—				9,905
Net income before taxes		$	5,405			$	515			$	418			$	734			$	(1,006	)		$	6,066
Income tax provision (benefit)			1,375				—				—				(57	)			—				1,318
Net income		$	4,030			$	515			$	418			$	791			$	(1,006	)		$	4,748
		Commercial								Investment
(Dollars in thousands)		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Total Assets as of September 30, 2022		$	1,607,729			$	43,297			$	—			$	154,352			$	(153,549	)		$	1,651,829
Total Assets as of December 31, 2021		$	1,542,553			$	41,194			$	2			$	152,928			$	(152,169	)		$	1,584,508

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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