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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of reportable operating segments | The following table provides income and asset information as of and for the twelve months ended December 31, 2023 and 2022, which are included within the Consolidated Balance Sheets and Consolidated Statements of Income.
|  | Twelve Months Ended |
|  | December 31, 2023 |
|  | Community Banking |  |  | Marine Lending |  |  | Wealth Management |  |  | All Other |  |  | Eliminations |  |  | Consolidated |
|  | (in thousands) |
Interest Income |  | $ | 67,990 |  |  | $ | 15,138 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 83,128 |
Interest Expense |  |  | 25,850 |  |  |  | 5,570 |  |  |  | — |  |  |  | 1,417 |  |  |  | — |  |  |  | 32,837 |
Net Interest Income (Expense) |  |  | 42,140 |  |  |  | 9,568 |  |  |  | — |  |  |  | (1,417 | ) |  |  | — |  |  |  | 50,291 |
Gain on sales of loans |  |  | 1,117 |  |  |  | 311 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,428 |
Other noninterest income |  |  | 7,313 |  |  |  | 1,078 |  |  |  | 4,926 |  |  |  | — |  |  |  | — |  |  |  | 13,317 |
Net Revenue |  |  | 50,570 |  |  |  | 10,957 |  |  |  | 4,926 |  |  |  | (1,417 | ) |  |  | — |  |  |  | 65,036 |
Provision for credit losses |  |  | 2,051 |  |  |  | (402 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,649 |
Noninterest expense |  |  | 44,479 |  |  |  | 5,106 |  |  |  | 2,646 |  |  |  | 523 |  |  |  | — |  |  |  | 52,754 |
Income before taxes |  |  | 4,040 |  |  |  | 6,253 |  |  |  | 2,280 |  |  |  | (1,940 | ) |  |  | — |  |  |  | 10,633 |
Income tax expense (benefit) |  |  | (103 | ) |  |  | 1,313 |  |  |  | 479 |  |  |  | (413 | ) |  |  | — |  |  |  | 1,276 |
Net Income |  | $ | 4,143 |  |  | $ | 4,940 |  |  | $ | 1,801 |  |  | $ | (1,527 | ) |  | $ | — |  |  | $ | 9,357 |
Other data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 1,035 |  |  | $ | 36 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,071 |
Depreciation and amortization |  |  | 1,573 |  |  |  | 224 |  |  |  | 126 |  |  |  | 67 |  |  |  | — |  |  |  | 1,990 |
|  | Twelve Months Ended |
|  | December 31, 2022 |
|  | Community Banking |  |  | Marine Lending |  |  | Wealth Management |  |  | All Other |  |  | Eliminations |  |  | Consolidated |
|  | (in thousands) |
Interest Income |  | $ | 47,554 |  |  | $ | 7,132 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 54,686 |
Interest Expense |  |  | 4,026 |  |  |  | 380 |  |  |  | — |  |  |  | 1,067 |  |  |  | — |  |  |  | 5,473 |
Net Interest Income (Expense) |  |  | 43,528 |  |  |  | 6,752 |  |  |  | — |  |  |  | (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 |  |  | 51,228 |  |  |  | 8,248 |  |  |  | 4,149 |  |  |  | (1,067 | ) |  |  | — |  |  |  | 62,558 |
Provision for credit losses |  |  | 1,059 |  |  |  | 771 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,830 |
Noninterest expense |  |  | 36,401 |  |  |  | 3,695 |  |  |  | 2,590 |  |  |  | 371 |  |  |  | — |  |  |  | 43,057 |
Income before taxes |  |  | 13,768 |  |  |  | 3,782 |  |  |  | 1,559 |  |  |  | (1,438 | ) |  |  | — |  |  |  | 17,671 |
Income tax expense (benefit) |  |  | 2,343 |  |  |  | 794 |  |  |  | 328 |  |  |  | (315 | ) |  |  | — |  |  |  | 3,150 |
Net Income |  | $ | 11,425 |  |  | $ | 2,988 |  |  | $ | 1,231 |  |  | $ | (1,123 | ) |  | $ | — |  |  | $ | 14,521 |
Other data: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 829 |  |  | $ | 9 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 838 |
Depreciation and amortization |  |  | 1,499 |  |  |  | 236 |  |  |  | 124 |  |  |  | 51 |  |  |  | — |  |  |  | 1,910 |
|  | Community Banking |  |  | Marine Lending |  |  | Wealth Management |  |  | All Other |  |  | Eliminations |  |  | Consolidated |
Total assets at December 31, 2023 |  | $ | 1,562,600 |  |  | $ | 261,011 |  |  | $ | 1,080 |  |  | $ | 906 |  |  | $ | — |  |  | $ | 1,825,597 |
Total assets at December 31, 2022 |  |  | 1,377,461 |  |  |  | 237,595 |  |  |  | 1,206 |  |  |  | 455 |  |  |  | — |  |  |  | 1,616,717 |

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- 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 + Details
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