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Segment Reporting
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting Note 25. Segment Reporting

The Corporation’s reportable segments are determined by the Chief Operating Officer of the Bank, who is the designated chief operating decision maker (CODM), based upon information provided about the Corporation’s products and services offered primarily between community banking and wealth management segments. The segments are also distinguished by the level of information provided to the CODM, who uses such information to review the performance of various components of the business, which are then aggregated if operating performance, products/services, and customer are similar. The CODM evaluates the financial performance of the Corporation’s business segments by evaluating revenue streams, significant expenses, and budget to actual results to assess the performance of the segments and to determine allocation of resources. This evaluation is also used to assess the performance of each segment to evaluate compensation of certain employees.

Segment pretax profit or loss is used to assess the performance of the community banking segment by monitoring net interest income, fee income and noninterest expense. In this segment, interest income on loans and securities, and banking service fees are the primary source of revenue. Interest expense, the provision for credit losses, and salaries and benefits are the primary expenses.


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Segment pretax profit or loss is used to assess the performance of the wealth management segment by monitoring fee income and operating expense, and by assets under management. In this segment, fees from assets under management are the primary source of revenue, while salaries and benefits are the primary expense.

Year Ended December 31, 2024

Year Ended December 31, 2023

Reportable Segments

Reportable Segments

(Dollars in thousands)

Wealth

Community Banking

Consolidated Total

Wealth

Community Banking

Consolidated Total

Interest income - loans, including fees

$

—

$

73,996 

$

73,996 

$

—

$

58,277 

$

58,277 

Interest income - investments

—

18,211 

18,218 

—

16,071 

16,078 

Interest income - interest-earning deposits in other banks

—

9,237 

9,237 

—

2,407 

2,407 

Wealth fee income

8,538 

—

8,538 

7,512 

—

7,512 

Total segment income

$

8,538 

$

101,444 

$

109,989 

$

7,512 

$

76,755 

$

84,274 

Reconciliation of revenue

Other revenue - not allocated to a segment

5,141 

7,339 

Total consolidated revenue

$

115,130 

$

91,613 

Less:

Interest expense - deposits

$

—

$

30,906 

$

30,906 

$

—

$

18,843 

$

18,843 

Interest expense - other borrowings

—

11,981

13,031 

—

3,231

4,282 

Provision for credit losses

—

1,983

1,983 

—

2,724

2,724 

Salary and benefit expense

3,829 

28,923

32,752 

3,722 

25,091

28,813 

Segment profit

$

4,709 

$

27,651 

$

36,458 

$

3,790 

$

26,866 

$

36,951 

Other expenses - not allocated to a segment

23,143 

21,198 

Income before taxes

$

13,315 

$

15,753 

Other segment disclosures

Net occupancy

$

524

$

4,059

$

4,583

$

400

$

3,998

$

4,398

Data processing

$

198

$

5,606

$

5,804

$

197

$

4,595

$

4,792

Total assets for reportable segments

$

1,555

$

2,194,365

$

2,197,841

$

1,422

$

1,834,333

$

1,836,039