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Business Segments (Tables)

12 Months Ended

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

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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