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Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2023

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 months ended March 31, 2023 and March 31, 2022.

Schedule of Company’s Reportable Segment 

Three months ended March 31, 2023		Commercial								Investment
(Dollars in thousands)		and Retail				Mortgage				advisory and
		Banking				Banking				Non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	15,231			$	651			$	—			$	1,320			$	(1,312	)		$	15,890
Interest expense			3,133				129				—				271				—				3,533
Net interest income		$	12,098			$	522			$	—			$	1,049			$	(1,312	)		$	12,357
Provision for (release of) loan losses			(1	)			71				—				—				—				70
Noninterest income			1,351				157				1,067				—				—				2,575
Noninterest expense			8,551				786				751				348				—				10,436
Net income before taxes		$	4,899			$	(178	)		$	316			$	701			$	(1,312	)		$	4,426
Income tax provision (benefit)			1,093				—				—				(130	)			—				963
Net income		$	3,806			$	(178	)		$	316			$	831			$	(1,312	)		$	3,463
Three months ended March 31, 2022		Commercial								Investment
(Dollars in thousands)		and Retail				Mortgage				advisory and
		Banking				Banking				Non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	10,737			$	455			$	—			$	1,084			$	(1,081	)		$	11,195
Interest expense			358				—				—				104				—				462
Net interest income		$	10,379			$	455			$	—			$	980			$	(1,081	)		$	10,733
Provision for loan losses			(125	)			—				—				—				—				(125	)
Noninterest income			1,334				842				1,198				—				—				3,374
Noninterest expense			8,016				991				763				184				—				9,954
Net income before taxes		$	3,822			$	306			$	435			$	796			$	(1,081	)		$	4,278
Income tax provision (benefit)			849				—				—				(60	)			—				789
Net income		$	2,973			$	306			$	435			$	856			$	(1,081	)		$	3,489

The table below shows total assets for the Company’s reportable business segments at March 31, 2023 and December 31, 2022.

		Commercial								Investment
(Dollars in thousands)		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Total Assets as of March 31, 2023		$	1,672,518			$	61,764			$	—			$	165,985			$	(164,869	)		$	1,735,398
Total Assets as of December 31, 2022		$	1,616,173			$	55,845			$	—			$	165,937			$	(165,009	)		$	1,672,946

[custom:DisclosureReportableSegmentsDetailsAbstract]

Three months ended March 31, 2023		Commercial								Investment
(Dollars in thousands)		and Retail				Mortgage				advisory and
		Banking				Banking				Non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	15,231			$	651			$	—			$	1,320			$	(1,312	)		$	15,890
Interest expense			3,133				129				—				271				—				3,533
Net interest income		$	12,098			$	522			$	—			$	1,049			$	(1,312	)		$	12,357
Provision for (release of) loan losses			(1	)			71				—				—				—				70
Noninterest income			1,351				157				1,067				—				—				2,575
Noninterest expense			8,551				786				751				348				—				10,436
Net income before taxes		$	4,899			$	(178	)		$	316			$	701			$	(1,312	)		$	4,426
Income tax provision (benefit)			1,093				—				—				(130	)			—				963
Net income		$	3,806			$	(178	)		$	316			$	831			$	(1,312	)		$	3,463
Three months ended March 31, 2022		Commercial								Investment
(Dollars in thousands)		and Retail				Mortgage				advisory and
		Banking				Banking				Non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	10,737			$	455			$	—			$	1,084			$	(1,081	)		$	11,195
Interest expense			358				—				—				104				—				462
Net interest income		$	10,379			$	455			$	—			$	980			$	(1,081	)		$	10,733
Provision for loan losses			(125	)			—				—				—				—				(125	)
Noninterest income			1,334				842				1,198				—				—				3,374
Noninterest expense			8,016				991				763				184				—				9,954
Net income before taxes		$	3,822			$	306			$	435			$	796			$	(1,081	)		$	4,278
Income tax provision (benefit)			849				—				—				(60	)			—				789
Net income		$	2,973			$	306			$	435			$	856			$	(1,081	)		$	3,489

The table below shows total assets for the Company’s reportable business segments at March 31, 2023 and December 31, 2022.

		Commercial								Investment
(Dollars in thousands)		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Total Assets as of March 31, 2023		$	1,672,518			$	61,764			$	—			$	165,985			$	(164,869	)		$	1,735,398
Total Assets as of December 31, 2022		$	1,616,173			$	55,845			$	—			$	165,937			$	(165,009	)		$	1,672,946

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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.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

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-Name Accounting Standards Codification
-Topic 280
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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