XML 36 R27.htm IDEA: XBRL DOCUMENT v3.23.2

Reportable Segments (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2023 and June 30, 2022.

Schedule of Company’s Reportable Segment

(Dollars in thousands)		Commercial								Investment
Three months ended June 30, 2023		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	16,692			$	796			$	—			$	1,338			$	(1,329	)		$	17,497
Interest expense			4,851				216				—				293				—				5,360
Net interest income		$	11,841			$	580			$	—			$	1,045			$	(1,329	)		$	12,137
Provision for credit losses			75				111				—				—				—				186
Noninterest income			1,597				373				1,081				—				—				3,051
Noninterest expense			8,729				913				763				350				—				10,755
Net income before taxes		$	4,634			$	(71	)		$	318			$	695			$	(1,329	)		$	4,247
Income tax provision (benefit)			1,053				—				—				(133	)			—				920
Net income		$	3,581			$	(71	)		$	318			$	828			$	(1,329	)		$	3,327

(Dollars in thousands)		Commercial								Investment
Three months ended June 30, 2022		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	11,094			$	415			$	—			$	1,089			$	(1,085	)		$	11,513
Interest expense			319				12				—				131				—				462
Net interest income		$	10,775			$	403			$	—			$	958			$	(1,085	)		$	11,051
Provision for (release of) credit losses			(110	)			40				—				—				—				(70	)
Noninterest income			1,332				482				1,195				—				—				3,009
Noninterest expense			8,346				846				775				221				—				10,188
Net income before taxes		$	3,871			$	(1	)		$	420			$	737			$	(1,085	)		$	3,942
Income tax provision (benefit)			890				—				—				(78	)			—				812
Net income		$	2,981			$	(1	)		$	420			$	815			$	(1,085	)		$	3,130
(Dollars in thousands)		Commercial								Investment
Six months ended June 30, 2023		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	31,923			$	1,447			$	—			$	2,658			$	(2,641	)		$	33,387
Interest expense			7,984				345				—				564				—				8,893
Net interest income		$	23,939			$	1,102			$	—			$	2,094			$	(2,641	)		$	24,494
Provision for credit losses			74				182				—				—				—				256
Noninterest income			2,949				529				2,148				—				—				5,626
Noninterest expense			17,280				1,699				1,514				698				—				21,191
Net income before taxes		$	9,534			$	(250	)		$	634			$	1,396			$	(2,641	)		$	8,673
Income tax provision (benefit)			2,146				—				—				(263	)			—				1,883
Net income (loss)		$	7,388			$	(250	)		$	634			$	1,659			$	(2,641	)		$	6,790
(Dollars in thousands)		Commercial								Investment
Six months ended June 30, 2022		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	21,832			$	869			$	—			$	2,173			$	(2,166	)		$	22,708
Interest expense			689				—				—				235				—				924
Net interest income		$	21,143			$	869			$	—			$	1,938			$	(2,166	)		$	21,784
Provision for (release of) credit losses			(235	)			40				—				—				—				(195	)
Noninterest income			2,667				1,323				2,393				—				—				6,383
Noninterest expense			16,323				1,876				1,538				405				—				20,142
Net income before taxes		$	7,722			$	276			$	855			$	1,533			$	(2,166	)		$	8,220
Income tax provision (benefit)			1,739				—				—				(138	)			—				1,601
Net income (loss)		$	5,983			$	276			$	855			$	1,671			$	(2,166	)		$	6,619
		Commercial								Investment
(Dollars in thousands)		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Total Assets as of June 30, 2023		$	1,665,561			$	74,320			$	—			$	166,043			$	(164,942	)		$	1,740,982
Total Assets as of December 31, 2022		$	1,616,173			$	55,845			$	—			$	165,937			$	(165,009	)		$	1,672,946

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 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: 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 3: 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 4: 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