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v3.23.1

Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule of the wealth management division's revenue and expenses |
|  | Twelve Months Ended |
|  | December 31, 2022 |
|  | Community Banking |  |  | Marine Lending |  |  | All Other |  |  | Eliminations |  |  | Consolidated |
|  | (in thousands) |
Interest Income |  | $ | 47,554 |  |  | $ | 7,132 |  |  | $ | — |  |  | $ | — |  |  | $ | 54,686 |
Interest Expense |  |  | 3,826 |  |  |  | 580 |  |  |  | 1,067 |  |  |  | — |  |  |  | 5,473 |
Net Interest Income |  |  | 43,728 |  |  |  | 6,552 |  |  |  | (1,067 | ) |  |  | — |  |  |  | 49,213 |
Gain on sales of loans |  |  | 478 |  |  |  | 1,397 |  |  |  | — |  |  |  | — |  |  |  | 1,875 |
Other noninterest income |  |  | 7,222 |  |  |  | 99 |  |  |  | 4,149 |  |  |  | — |  |  |  | 11,470 |
Net Revenue |  |  | 51,428 |  |  |  | 8,048 |  |  |  | 3,082 |  |  |  | — |  |  |  | 62,558 |
Provision for loan losses |  |  | 1,059 |  |  |  | 771 |  |  |  | — |  |  |  | — |  |  |  | 1,830 |
Noninterest expense |  |  | 36,401 |  |  |  | 3,695 |  |  |  | 2,961 |  |  |  | — |  |  |  | 43,057 |
Income (loss) before taxes |  |  | 13,968 |  |  |  | 3,582 |  |  |  | 121 |  |  |  | — |  |  |  | 17,671 |
Income tax expense (benefit) |  |  | 2,343 |  |  |  | 794 |  |  |  | 13 |  |  |  | — |  |  |  | 3,150 |
Net Income (loss) |  | $ | 11,625 |  |  | $ | 2,788 |  |  | $ | 108 |  |  | $ | — |  |  | $ | 14,521 |
Other data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 829 |  |  | $ | 9 |  |  | $ | — |  |  | $ | — |  |  | $ | 838 |
Depreciation and amortization |  |  | 1,550 |  |  |  | 236 |  |  |  | 124 |  |  |  | — |  |  |  | 1,910 |
|  | Twelve Months Ended |
|  | December 31, 2021 |
|  | Community Banking |  |  | Marine Lending |  |  | All Other |  |  | Eliminations |  |  | Consolidated |
|  | (in thousands) |
Interest Income |  | $ | 40,003 |  |  | $ | 2,630 |  |  | $ | 43 |  |  | $ | — |  |  | $ | 42,676 |
Interest Expense |  |  | 1,645 |  |  |  | 32 |  |  |  | — |  |  |  | — |  |  |  | 1,677 |
Net Interest Income |  |  | 38,358 |  |  |  | 2,598 |  |  |  | 43 |  |  |  | — |  |  |  | 40,999 |
Gain on sales of loans |  |  | 636 |  |  |  | 1,022 |  |  |  | — |  |  |  | — |  |  |  | 1,658 |
Other noninterest income |  |  | 6,597 |  |  |  | 10 |  |  |  | 3,055 |  |  |  | — |  |  |  | 9,662 |
Net Revenue |  |  | 45,591 |  |  |  | 3,630 |  |  |  | 3,098 |  |  |  | — |  |  |  | 52,319 |
Provision for loan losses |  |  | 2,657 |  |  |  | (1,153 | ) |  |  | (21 | ) |  |  | — |  |  |  | 1,483 |
Noninterest expense |  |  | 33,525 |  |  |  | 2,056 |  |  |  | 2,468 |  |  |  | — |  |  |  | 38,049 |
Income (loss) before taxes |  |  | 9,409 |  |  |  | 2,727 |  |  |  | 651 |  |  |  | — |  |  |  | 12,787 |
Income tax expense (benefit) |  |  | 1,034 |  |  |  | 573 |  |  |  | 159 |  |  |  | — |  |  |  | 1,766 |
Net Income (loss) |  | $ | 8,375 |  |  | $ | 2,154 |  |  | $ | 492 |  |  | $ | — |  |  | $ | 11,021 |
Other data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 520 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 520 |
Depreciation and amortization |  |  | 1,632 |  |  |  | 14 |  |  |  | 22 |  |  | $ | — |  |  |  | 1,668 |
|  | Community Banking |  |  | Marine Lending |  |  | All Other |  |  | Eliminations |  |  | Consolidated |
Total assets at December 31, 2022 |  | $ | 1,377,461 |  |  | $ | 237,595 |  |  | $ | 1,661 |  |  | $ | — |  |  | $ | 1,616,717 |
Total assets at December 31, 2021 |  |  | 1,190,471 |  |  |  | 110,726 |  |  |  | 1,841 |  |  |  | — |  |  |  | 1,303,038 |

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