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v3.23.3

Reportable Segments (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2023 and September 30, 2022. Schedule of Company’s Reportable Segment
(Dollars in thousands) |  | Commercial |  |  |  |  |  | Investment |  |  |  |  |  |  |  |  |  |
Three months ended September 30, 2023 |  | and Retail |  |  | Mortgage |  |  | advisory and |  |  |  |  |  |  |  |  |  |
|  | Banking |  |  | Banking |  |  | non-deposit |  |  | Corporate |  |  | Eliminations |  |  | Consolidated |
Dividend and Interest Income |  | $ | 17,646 |  |  | $ | 1,078 |  |  | $ | — |  |  | $ | 1,360 |  |  | $ | (1,350 | ) |  | $ | 18,734 |
Interest expense |  |  | 5,990 |  |  |  | 332 |  |  |  | — |  |  |  | 309 |  |  |  | — |  |  |  | 6,631 |
Net interest income |  | $ | 11,656 |  |  | $ | 746 |  |  | $ | — |  |  | $ | 1,051 |  |  | $ | (1,350 | ) |  | $ | 12,103 |
Provision for credit losses |  |  | 295 |  |  |  | 179 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 474 |
Noninterest income |  |  | 166 |  |  |  | 511 |  |  |  | 1,187 |  |  |  | — |  |  |  | — |  |  |  | 1,864 |
Noninterest expense |  |  | 9,194 |  |  |  | 949 |  |  |  | 796 |  |  |  | 334 |  |  |  | — |  |  |  | 11,273 |
Net income before taxes |  | $ | 2,333 |  |  | $ | 129 |  |  | $ | 391 |  |  | $ | 717 |  |  | $ | (1,350 | ) |  | $ | 2,220 |
Income tax provision (benefit) |  |  | 597 |  |  |  | — |  |  |  | — |  |  |  | (133 | ) |  |  | — |  |  |  | 464 |
Net income |  | $ | 1,736 |  |  | $ | 129 |  |  | $ | 391 |  |  | $ | 850 |  |  | $ | (1,350 | ) |  | $ | 1,756 |
(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 |  |  | 351 |  |  |  | 16 |  |  |  | — |  |  |  | 191 |  |  |  | — |  |  |  | 558 |
Net interest income |  | $ | 12,554 |  |  | $ | 425 |  |  | $ | — |  |  | $ | 931 |  |  | $ | (1,116 | ) |  | $ | 12,794 |
Provision for (release of) loan losses |  |  | (35 | ) |  |  | 53 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 18 |
Noninterest income |  |  | 1,329 |  |  |  | 291 |  |  |  | 1,053 |  |  |  | — |  |  |  | — |  |  |  | 2,673 |
Noninterest expense |  |  | 8,397 |  |  |  | 957 |  |  |  | 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 |  |  |  |  |  |  |  |  |  |
Nine months ended September 30, 2023 |  | and Retail |  |  | Mortgage |  |  | advisory and |  |  |  |  |  |  |  |  |  |
|  | Banking |  |  | Banking |  |  | non-deposit |  |  | Corporate |  |  | Eliminations |  |  | Consolidated |
Dividend and Interest Income |  | $ | 49,569 |  |  | $ | 2,525 |  |  | $ | — |  |  | $ | 4,018 |  |  | $ | (3,991 | ) |  | $ | 52,121 |
Interest expense |  |  | 13,974 |  |  |  | 677 |  |  |  | — |  |  |  | 873 |  |  |  | — |  |  |  | 15,524 |
Net interest income |  | $ | 35,595 |  |  | $ | 1,848 |  |  | $ | — |  |  | $ | 3,145 |  |  | $ | (3,991 | ) |  | $ | 36,597 |
Provision for credit losses |  |  | 369 |  |  |  | 361 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 730 |
Noninterest income |  |  | 3,115 |  |  |  | 1,040 |  |  |  | 3,335 |  |  |  | — |  |  |  | — |  |  |  | 7,490 |
Noninterest expense |  |  | 26,474 |  |  |  | 2,648 |  |  |  | 2,310 |  |  |  | 1,032 |  |  |  | — |  |  |  | 32,464 |
Net income before taxes |  | $ | 11,867 |  |  | $ | (121 | ) |  | $ | 1,025 |  |  | $ | 2,113 |  |  | $ | (3,991 | ) |  | $ | 10,893 |
Income tax provision (benefit) |  |  | 2,743 |  |  |  | — |  |  |  | — |  |  |  | (396 | ) |  |  | — |  |  |  | 2,347 |
Net income (loss) |  | $ | 9,124 |  |  | $ | (121 | ) |  | $ | 1,025 |  |  | $ | 2,509 |  |  | $ | (3,991 | ) |  | $ | 8,546 |
(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 |  |  | 1,015 |  |  |  | 41 |  |  |  | — |  |  |  | 426 |  |  |  | — |  |  |  | 1,482 |
Net interest income |  | $ | 33,721 |  |  | $ | 1,270 |  |  | $ | — |  |  | $ | 2,869 |  |  | $ | (3,282 | ) |  | $ | 34,578 |
Provision for (release of) credit losses |  |  | (270 | ) |  |  | 93 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (177 | )
Noninterest income |  |  | 3,996 |  |  |  | 1,614 |  |  |  | 3,446 |  |  |  | — |  |  |  | — |  |  |  | 9,056 |
Noninterest expense |  |  | 24,744 |  |  |  | 2,808 |  |  |  | 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 |
|  | Commercial |  |  |  |  |  | Investment |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  | and Retail |  |  | Mortgage |  |  | advisory and |  |  |  |  |  |  |  |  |  |
|  | Banking |  |  | Banking |  |  | non-deposit |  |  | Corporate |  |  | Eliminations |  |  | Consolidated |
Total Assets as of September 30, 2023 |  | $ | 1,700,743 |  |  | $ | 91,923 |  |  | $ | 6 |  |  | $ | 166,160 |  |  | $ | (165,110 | ) |  | $ | 1,793,722 |
Total Assets as of December 31, 2022 |  | $ | 1,616,173 |  |  | $ | 55,845 |  |  | $ | — |  |  | $ | 165,937 |  |  | $ | (165,009 | ) |  | $ | 1,672,946 |

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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 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
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