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Business Segments | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Summary of net interest income related to commercial and consumer marine loans and gains on sales of loans | NOTE 27. Business Segments The Company has two reportable operating segments: community banking and marine lending. Revenue from community banking operations consist primarily of net interest income related to investments in loan and securities and outstanding deposits and borrowings, fees earned on deposit accounts and debit card interchange activity. Revenue from marine lending operations consist primarily of net interest income related to commercial and consumer marine loans and gains on sales of loans. Financial information of the parent company and the Bank of Clarke Wealth Management Division is included in the "All Other" category. The parent company's revenue and expenses are comprised primarily of interest expense associated with subordinated debt. The wealth management division's net recenues are comprised primarily of income from offering wealth management services and insurance products through third-party service providers. Marine lending was identified as a newly reportable segment in 2022 and as such, the Company has included the prior period financial information for comparative purposes. The following table provides income and asset information as of and for the twelve months ended December 31, 2022 and 2021, which are included within the Consolidated Balance Sheets and Consolidated Statements of Income.
|  | 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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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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