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Business Segments (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of reportable operating segments

		Three Months Ended
		June 30, 2023
		Community Banking				Marine Lending				All Other				Eliminations				Consolidated
		(in thousands)
Interest Income		$	16,459			$	3,905			$	—			$	—			$	20,364
Interest Expense			6,085				1,482				355				—				7,922
Net Interest Income			10,374				2,423				(355	)			—				12,442
Gain on sales of loans			122				70				—				—				192
Other noninterest income			2,031				(129	)			1,263				—				3,165
Net Revenue			12,527				2,364				908				—				15,799
Provision for credit losses			446				(43	)			—				—				403
Noninterest expense			10,756				1,358				841				—				12,955
Income (loss) before taxes			1,325				1,049				67				—				2,441
Income tax expense (benefit)			149				220				14				—				383
Net Income (loss)		$	1,176			$	829			$	53			$	—			$	2,058
Other data:
Capital expenditures		$	490			$	19			$	—			$	—			$	509
Depreciation and amortization			218				97				49				—				364
		Three Months Ended
		June 30, 2022
		Community Banking				Marine Lending				All Other				Eliminations				Consolidated
		(in thousands)
Interest Income		$	11,051			$	1,596			$	—			$	—			$	12,647
Interest Expense			355				35				338				—				728
Net Interest Income			10,696				1,561				(338	)			—				11,919
Gain on sales of loans			121				377				—				—				498
Other noninterest income			2,239				51				1,061				—				3,351
Net Revenue			13,056				1,989				723				—				15,768
Provision for credit losses			174				186				—				—				360
Noninterest expense			9,008				662				858				—				10,528
Income (loss) before taxes			3,874				1,141				(135	)			—				4,880
Income tax expense (benefit)			676				240				(28	)			—				888
Net Income (loss)		$	3,198			$	901			$	(107	)		$	—			$	3,992
Other data:
Capital expenditures		$	77			$	—			$	—			$	—			$	77
Depreciation and amortization			273				51				47				—				371

		Six Months Ended
		June 30, 2023
		Community Banking				Marine Lending				All Other				Eliminations				Consolidated
		(in thousands)
Interest Income		$	31,700			$	7,222			$	—			$	—			$	38,922
Interest Expense			10,452				2,675				709				—				13,836
Net Interest Income			21,248				4,547				(709	)			—				25,086
Gain on sales of loans			336				312				—				—				648
Other noninterest income			3,721				93				2,421				—				6,235
Net Revenue			25,305				4,952				1,712				—				31,969
Provision for credit losses			952				115				—				—				1,067
Noninterest expense			21,116				2,640				1,585				—				25,341
Income (loss) before taxes			3,237				2,197				127				—				5,561
Income tax expense (benefit)			430				461				27				—				918
Net Income (loss)		$	2,807			$	1,736			$	100			$	—			$	4,643
Other data:
Capital expenditures		$	480			$	36			$	—			$	—			$	516
Depreciation and amortization			638				192				97				—				927
		Six Months Ended
		June 30, 2022
		Community Banking				Marine Lending				All Other				Eliminations				Consolidated
		(in thousands)
Interest Income		$	21,457			$	2,699			$	—			$	—			$	24,156
Interest Expense			671				89				338				—				1,098
Net Interest Income			20,786				2,610				(338	)			—				23,058
Gain on sales of loans			252				724				—				—				976
Other noninterest income			4,099				35				1,982				—				6,116
Net Revenue			25,137				3,369				1,644				—				30,150
Provision for credit losses			590				310				—				—				900
Noninterest expense			17,557				1,287				1,607				—				20,451
Income (loss) before taxes			6,990				1,772				37				—				8,799
Income tax expense (benefit)			1,177				372				8				—				1,557
Net Income (loss)		$	5,813			$	1,400			$	29			$	—			$	7,242
Other data:
Capital expenditures		$	384			$	8			$	16			$	—			$	408
Depreciation and amortization			646				93				79				—				818

		Community Banking				Marine Lending				All Other				Eliminations				Consolidated
Total assets at June 30, 2023		$	1,467,487			$	307,420			$	1,809			$	—			$	1,776,716
Total assets at December 31, 2022		$	1,377,461			$	237,595			$	1,661			$	—			$	1,616,717

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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X

- References

No definition available.

+ Details

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