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REPORTABLE SEGMENTS (Tables)

12 Months Ended

Dec. 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 years ended December 31, 2024, December 31, 2023 and December 31, 2022.

Schedule of Company’s Reportable Segment

Year ended December 31, 2024 (Dollars in thousands)		Commercial and Retail Banking				Mortgage Banking				Investment advisory and non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	82,274			$	7,111			$	—			$	5,664			$	(5,627	)		$	89,422
Interest expense			33,543				2,622				—				1,217				—				37,382
Net interest income		$	48,731			$	4,489			$	—			$	4,447			$	(5,627	)		$	52,040
Provision for credit losses			351				458				—				—				—				809
Noninterest income			5,455				2,368				6,181				—				—				14,004
Salaries and employee benefits			22,321				2,975				3,373				594				—				29,263
Other noninterest expense			15,896				757				659				890				—				18,202
Total Noninterest expense		$	38,217			$	3,732			$	4,032			$	1,484			$	—			$	47,465
Net income (loss) before taxes		$	15,618			$	2,667			$	2,149			$	2,963			$	(5,627	)		$	17,770
Income tax expense (benefit)			4,390				—				—				(575	)			—				3,815
Net income (loss)		$	11,228			$	2,667			$	2,149			$	3,538			$	(5,627	)		$	13,955

Year ended December 31, 2023 (Dollars in thousands)		Commercial and Retail Banking				Mortgage Banking				Investment advisory and non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	68,874			$	3,787			$	—			$	5,393			$	(5,357	)		$	72,697
Interest expense			21,478				1,140				—				1,187				—				23,805
Net interest income		$	47,396			$	2,647			$	—			$	4,206			$	(5,357	)		$	48,892
Provision for credit losses			677				452				—				—				—				1,129
Noninterest income			4,496				1,414				4,511				—				—				10,421
Salaries and employee benefits			19,864				2,867				2,537				596				—				25,864
Other noninterest expense			15,272				610				575				823				—				17,280
Total Noninterest expense		$	35,136			$	3,477			$	3,112			$	1,419			$	—			$	43,144
Net income before taxes		$	16,079			$	132			$	1,399			$	2,787			$	(5,357	)		$	15,040
Income tax expense (benefit)			3,757				—				—				(560	)			—				3,197
Net income		$	12,322			$	132			$	1,399			$	3,347			$	(5,357	)		$	11,843

Year ended December 31, 2022 (Dollars in thousands)		Commercial and Retail Banking				Mortgage Banking				Investment advisory and non-deposit				Corporate				Eliminations				Consolidated
Dividend and Interest Income		$	49,238			$	1,858			$	—			$	4,484			$	(4,463	)		$	51,117
Interest expense			2,403				96				—				675				—				3,174
Net interest income		$	46,835			$	1,762			$	—			$	3,809			$	(4,463	)		$	47,943
Provision for (release of) credit losses			(392	)			240				—				—				—				(152	)
Noninterest income			5,184				1,906				4,479				—				—				11,569
Salary and benefits			19,552				2,983				2,364				458				—				25,357
Other non-interest expense			14,077				706				597				516				—				15,896
Total noninterest expense		$	33,629			$	3,689			$	2,961			$	974			$	—			$	41,253
Net income before taxes		$	18,782			$	(261	)		$	1,518			$	2,835			$	(4,463	)		$	18,411
Income tax expense (benefit)			4,145				—				—				(347	)			—				3,798
Net income		$	14,637			$	(261	)		$	1,518			$	3,182			$	(4,463	)		$	14,613

(Dollars in thousands)		Commercial and Retail Banking				Mortgage Banking				Investment advisory and non-deposit				Corporate				Eliminations				Consolidated
Total Assets as of December 31, 2024		$	1,812,215			$	144,616			$	6			$	185,173			$	(183,989	)		$	1,958,021
Total Assets as of December 31, 2023		$	1,727,245			$	99,310			$	5			$	174,468			$	(173,340	)		$	1,827,688

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 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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