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Business Segments (Tables)

6 Months Ended

Jun. 30, 2025

Business Segments

Schedule of Segment reporting information, by segment

Three Months Ended June 30, 2025

Community

Mortgage

Consumer

(Dollars in thousands)

Banking

Banking

Finance

Other

Eliminations

Consolidated

Interest income

$

24,378

$

732

$

12,144

$

—

$

153

$

37,407

Interest expense

10,143

—

—

756

—

10,899

Net interest income before allocation

14,235

732

12,144

(756)

153

26,508

Net interest allocation¹

6,110

(374)

(5,736)

—

—

—

Net interest income

20,345

358

6,408

(756)

153

26,508

Gain on sales of loans

—

2,573

—

—

(115)

2,458

Other noninterest income

4,378

1,700

149

1,225

(62)

7,390

Net revenue

24,723

4,631

6,557

469

(24)

36,356

Provision for credit losses

(300)

—

2,400

—

—

2,100

Salaries and employee benefits

9,421

1,971

2,018

1,436

—

14,846

Occupancy expense

1,669

290

140

—

—

2,099

Data processing

2,300

358

321

10

—

2,989

Professional fees

680

67

135

119

—

1,001

Insurance expense

345

37

34

—

—

416

Marketing and advertising expenses

415

125

9

—

—

549

Loan processing and collection expenses

26

327

392

—

—

745

Provision for indemnifications

—

(35)

—

—

—

(35)

Other segment items²

1,419

181

364

74

(18)

2,020

Total noninterest expense

16,275

3,321

3,413

1,639

(18)

24,630

Income (loss) before taxes

8,748

1,310

744

(1,170)

(6)

9,626

Income tax expense (benefit)

1,632

325

205

(302)

(1)

1,859

Net income (loss)

$

7,116

$

985

$

539

$

(868)

$

(5)

$

7,767

Other data:

Capital expenditures

$

482

$

84

$

—

$

—

$

—

$

566

Depreciation and amortization

878

39

79

—

—

996

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 June 30, 2024
		Community			Mortgage			Consumer
(Dollars in thousands)		Banking			Banking			Finance			Other			Eliminations			Consolidated
Interest income		$	21,297		$	533		$	12,383		$	—		$	99		$	34,312
Interest expense			9,941			—			—			543			—			10,484
Net interest income before allocation			11,356			533			12,383			(543)			99			23,828
Net interest allocation¹			6,138			(244)			(5,894)			—			—			—
Net interest income			17,494			289			6,489			(543)			99			23,828
Gain on sales of loans			—			1,863			—			—			(162)			1,701
Other noninterest income			4,165			1,192			226			119			(79)			5,623
Net revenue			21,659			3,344			6,715			(424)			(142)			31,152

Provision for credit losses			450			—			2,100			—			—			2,550

Salaries and employee benefits			9,117			1,964			2,037			334			—			13,452
Occupancy expense			1,673			235			155			—			—			2,063
Data processing			2,365			247			343			8			—			2,963
Professional fees			700			20			63			101			—			884
Insurance expense			350			20			39			—			—			409
Marketing and advertising expenses			205			103			8			—			—			316
Loan processing and collection expenses			53			250			372			—			—			675
Provision for indemnifications			—			(135)			—			—			—			(135)
Other segment items²			1,187			136			368			69			(14)			1,746
Total noninterest expense			15,650			2,840			3,385			512			(14)			22,373

Income (loss) before taxes			5,559			504			1,230			(936)			(128)			6,229
Income tax expense (benefit)			988			128			336			(232)			(25)			1,195
Net income (loss)		$	4,571		$	376		$	894		$	(704)		$	(103)		$	5,034

Other data:
Capital expenditures		$	523		$	16		$	—		$	—		$	—		$	539
Depreciation and amortization			855			20			84			—			—			959

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.

Six Months Ended June 30, 2025

Community

Mortgage

Consumer

(Dollars in thousands)

Banking

Banking

Finance

Other

Eliminations

Consolidated

Interest income

$

47,762

$

1,071

$

24,267

$

—

$

295

$

73,395

Interest expense

20,524

—

—

1,353

—

21,877

Net interest income before allocation

27,238

1,071

24,267

(1,353)

295

51,518

Net interest allocation¹

11,864

(446)

(11,418)

—

—

—

Net interest income

39,102

625

12,849

(1,353)

295

51,518

Gain on sales of loans

—

4,558

—

—

(253)

4,305

Other noninterest income

8,608

2,836

326

1,447

(101)

13,116

Net revenue

47,710

8,019

13,175

94

(59)

68,939

Provision for credit losses

(200)

—

5,300

—

—

5,100

Salaries and employee benefits

18,700

3,763

3,995

1,871

—

28,329

Occupancy expense

3,499

503

290

—

—

4,292

Data processing

4,642

584

611

18

—

5,855

Professional fees

1,404

93

226

199

—

1,922

Insurance expense

761

67

79

—

—

907

Marketing and advertising expenses

799

265

14

—

—

1,078

Loan processing and collection expenses

68

557

803

—

—

1,428

Provision for indemnifications

—

(60)

—

—

—

(60)

Other segment items²

2,634

358

800

181

(35)

3,938

Total noninterest expense

32,507

6,130

6,818

2,269

(35)

47,689

Income (loss) before taxes

15,403

1,889

1,057

(2,175)

(24)

16,150

Income tax expense (benefit)

2,842

473

292

(614)

(5)

2,988

Net income (loss)

$

12,561

$

1,416

$

765

$

(1,561)

$

(19)

$

13,162

Other data:

Capital expenditures

718

115

—

—

—

833

Depreciation and amortization

1,753

72

159

—

—

1,984

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.


		Six Months Ended June 30, 2024
		Community			Mortgage			Consumer
(Dollars in thousands)		Banking			Banking			Finance			Other			Eliminations			Consolidated
Interest income		$	41,619		$	814		$	24,408		$	—		$	179		$	67,020
Interest expense			18,946			—			—			1,088			—			20,034
Net interest income before allocation			22,673			814			24,408			(1,088)			179			46,986
Net interest allocation¹			11,985			(288)			(11,697)			—			—			—
Net interest income			34,658			526			12,711			(1,088)			179			46,986
Gain on sales of loans			—			3,344			—			—			(355)			2,989
Other noninterest income			8,275			2,240			481			959			(128)			11,827
Net revenue			42,933			6,110			13,192			(129)			(304)			61,802

Provision for credit losses			950			—			5,100			—			—			6,050

Salaries and employee benefits			18,560			3,563			4,181			1,400			—			27,704
Occupancy expense			3,416			467			312			—			—			4,195
Data processing			4,596			487			683			26			—			5,792
Professional fees			1,409			40			150			200			—			1,799
Insurance expense			687			50			78			—			—			815
Marketing and advertising expenses			256			206			22			—			—			484
Loan processing and collection expenses			101			434			768			—			—			1,303
Provision for indemnifications			—			(275)			—			—			—			(275)
Other segment items²			2,541			241			751			203			(30)			3,706
Total noninterest expense			31,566			5,213			6,945			1,829			(30)			45,523

Income (loss) before taxes			10,417			897			1,147			(1,958)			(274)			10,229
Income tax expense (benefit)			1,834			227			316			(560)			(57)			1,760
Net income (loss)		$	8,583		$	670		$	831		$	(1,398)		$	(217)		$	8,469

Other data:
Capital expenditures			816			97			111			—			—			1,024
Depreciation and amortization			1,693			34			169			—			—			1,896

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 June 30, 2025:
Total assets		$	2,575,261		$	56,331		$	467,862		$	26,431		$	(439,493)		$	2,686,392
Total loans held for investment, net			1,508,835			—			439,005			—			4,247			1,952,087
Total loans held for sale			—			49,036			—			—			(4,279)			44,757
Total deposits			2,266,392			—			—			—			(10,078)			2,256,314

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			1,434,446			—			444,085			—			1,780			1,880,311
Total loans held for sale			—			21,906			—			—			(1,794)			20,112
Total deposits			2,186,139			—			—			—			(15,279)			2,170,860