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Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024 and March 31, 2023.

Schedule of Company’s Reportable Segment

(Dollars in thousands)		Commercial								Investment
Three months ended March 31, 2024		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	19,799			$	1,447			$	—			$	1,379			$	(1,369	)		$	21,256
Interest expense			8,311				560				—				308				—				9,179
Net interest income		$	11,488			$	887			$	—			$	1,071			$	(1,369	)		$	12,077
Provision for (release of) loan losses			(10	)			139				—				—				—				129
Noninterest income			1,399				427				1,358				—				—				3,184
Noninterest expense			9,694				832				924				355				—				11,805
Net income before taxes		$	3,203			$	343			$	434			$	716			$	(1,369	)		$	3,327
Income tax provision (benefit)			883				—				—				(153	)			—				730
Net income		$	2,320			$	343			$	434			$	869			$	(1,369	)		$	2,597

(Dollars in thousands)		Commercial								Investment
Three months ended March 31, 2023		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

The table below presents total assets for the Company’s reportable business segments as of March 31, 2024 and December 31, 2023.

		Commercial								Investment
(Dollars in thousands)		and Retail				Mortgage				advisory and
		Banking				Banking				non-deposit				Corporate				Eliminations				Consolidated
Total Assets as of March 31, 2024		$	1,776,179			$	109,504			$	4			$	174,443			$	(173,139	)		$	1,886,991
Total Assets as of December 31, 2023		$	1,727,245			$	99,310			$	5			$	174,468			$	(173,340	)		$	1,827,688

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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

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- References

No definition available.

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