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Business Segments (Tables)

3 Months Ended

Mar. 31, 2025

Business Segments

Schedule of segment reporting information, by segment

Three Months Ended March 31, 2025

Community

Mortgage

Consumer

(Dollars in thousands)

Banking

Banking

Finance

Other

Eliminations

Consolidated

Interest income

$

23,384

$

339

$

12,123

$

—

$

142

$

35,988

Interest expense

10,381

—

—

597

—

10,978

Net interest income before allocation

13,003

339

12,123

(597)

142

25,010

Net interest allocation¹

5,754

(72)

(5,682)

—

—

—

Net interest income

18,757

267

6,441

(597)

142

25,010

Gain on sales of loans

—

1,985

—

—

(138)

1,847

Other noninterest income

4,230

1,136

177

222

(39)

5,726

Net revenue

22,987

3,388

6,618

(375)

(35)

32,583

Provision for credit losses

100

—

2,900

—

—

3,000

Salaries and employee benefits

9,279

1,792

1,977

435

—

13,483

Occupancy expense

1,830

213

150

—

—

2,193

Data processing

2,342

226

290

8

—

2,866

Professional fees

724

26

91

80

—

921

Insurance expense

416

30

45

—

—

491

Marketing and advertising expenses

384

140

5

—

—

529

Loan processing and collection expenses

42

230

411

—

—

683

Provision for indemnifications

—

(25)

—

—

—

(25)

Other segment items²

1,215

177

436

107

(17)

1,918

Total noninterest expense

16,232

2,809

3,405

630

(17)

23,059

Income (loss) before taxes

6,655

579

313

(1,005)

(18)

6,524

Income tax expense (benefit)

1,210

148

87

(312)

(4)

1,129

Net income (loss)

$

5,445

$

431

$

226

$

(693)

$

(14)

$

5,395

Other data:

Capital expenditures

$

236

$

31

$

—

$

—

$

—

$

267

Depreciation and amortization

875

33

80

—

—

988

1	Interest expense is allocated to the mortgage banking and consumer finance segments through borrowings from the community banking segment.

2	Other segment items for each reportable segment include:

a.

Community banking – licenses and other taxes expense, travel and education expense, telecommunications expense, other real estate owned losses and expense, net periodic pension cost, office supplies, and certain overhead expenses.

b.

Mortgage banking – licenses and other taxes expense, travel and education expense, telecommunications expense, office supplies, and certain overhead expenses.

c.

Consumer finance – licenses and taxes other expense, travel and education expense, telecommunications expense, payment processing expense, office supplies, and certain overhead expenses.


		Three Months Ended March 31, 2024
		Community			Mortgage			Consumer
(Dollars in thousands)		Banking			Banking			Finance			Other			Eliminations			Consolidated
Interest income		$	20,322		$	281		$	12,025		$	—		$	80		$	32,708
Interest expense			9,005			—			—			545			—			9,550
Net interest income before allocation			11,317			281			12,025			(545)			80			23,158
Net interest allocation¹			5,847			(44)			(5,803)			—			—			—
Net interest income			17,164			237			6,222			(545)			80			23,158
Gain on sales of loans			—			1,481			—			—			(193)			1,288
Other noninterest income			4,110			1,048			255			840			(49)			6,204
Net revenue			21,274			2,766			6,477			295			(162)			30,650

Provision for credit losses			500			—			3,000			—			—			3,500

Salaries and employee benefits			9,443			1,599			2,144			1,066			—			14,252
Occupancy expense			1,743			232			157			—			—			2,132
Data processing			2,231			240			340			18			—			2,829
Professional fees			709			20			87			99			—			915
Insurance expense			337			30			39			—			—			406
Marketing and advertising expenses			51			103			14			—			—			168
Loan processing and collection expenses			48			184			396			—			—			628
Provision for indemnifications			—			(140)			—			—			—			(140)
Other segment items²			1,354			105			383			134			(16)			1,960
Total noninterest expense			15,916			2,373			3,560			1,317			(16)			23,150

Income (loss) before taxes			4,858			393			(83)			(1,022)			(146)			4,000
Income tax expense (benefit)			846			99			(20)			(328)			(32)			565
Net income (loss)		$	4,012		$	294		$	(63)		$	(694)		$	(114)		$	3,435

Other data:
Capital expenditures		$	293		$	81		$	111		$	—		$	—		$	485
Depreciation and amortization			838			14			85			—			—			937

1	Interest expense is allocated to the mortgage banking and consumer finance segments through borrowings from the community banking segment.

2	Other segment items for each reportable segment include:

a.

Community banking – licenses and other taxes expense, travel and education expense, telecommunications expense, other real estate owned losses and expense, net periodic pension cost, office supplies, and certain overhead expenses.

b.

Mortgage banking – licenses and other taxes expense, travel and education expense, telecommunications expense, office supplies, and certain overhead expenses.

c.

Consumer finance – licenses and taxes other expense, travel and education expense, telecommunications expense, payment processing expense, office supplies, and certain overhead expenses.


		Community			Mortgage			Consumer
(Dollars in thousands)		Banking			Banking			Finance			Other			Eliminations			Consolidated
At March 31, 2025:
Total assets		$	2,499,614		$	35,467		$	468,437		$	29,809		$	(420,797)		$	2,612,530
Total loans held for investment, net			1,463,679			—			439,604			—			—			1,903,283
Total loans held for sale			—			28,089			—			—			(811)			27,278
Total deposits			2,229,805			—			—			—			(13,151)			2,216,654

At December 31, 2024:
Total assets		$	2,449,641		$	29,837		$	472,672		$	31,823		$	(420,599)		$	2,563,374
Total loans held for investment, net			1,436,226			—			444,085			—			—			1,880,311
Total loans held for sale			—			21,906			—			—			(1,794)			20,112
Total deposits			2,186,139			—			—			—			(15,279)			2,170,860