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Business Segments (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024 and 2023, which are included within the Consolidated Balance Sheets and Consolidated Statements of Income.

		Twelve Months Ended
		December 31, 2024
		Community Banking				Marine Lending				Wealth Management				All Other				Eliminations				Consolidated
		(in thousands)
Interest Income		$	78,805			$	12,516			$	—			$	—			$	—			$	91,321
Interest Expense			33,049				5,628				—				1,417				—				40,094
Net Interest Income (Expense)			45,756				6,888				—				(1,417	)			—				51,227
Gain on sales of loans			2,141				—				—				—				—				2,141
Other noninterest income			13,792				—				5,624				—				—				19,416
Net Revenue			61,689				6,888				5,624				(1,417	)			—				72,784
Provision for credit losses			2,403				148				—				—				—				2,551
Salaries and employee benefits			28,224				—				1,734				101				—				30,059
Occupancy expenses			1,987				—				90				—				—				2,077
Professional fees			1,723				25				—				317				—				2,065
Data processing fees			2,399				—				19				—				—				2,418
Other noninterest expense			13,115				604				980				14				—				14,713
Total Noninterest Expenses			47,448				629				2,823				432				—				51,332
Income (loss) before taxes			11,838				6,111				2,801				(1,849	)			—				18,901
Income tax expense (benefit)			2,048				1,283				588				(361	)			—				3,558
Net Income (loss)		$	9,790			$	4,828			$	2,213			$	(1,488	)		$	—			$	15,343
Other data:
Capital expenditures		$	1,017			$	—			$	2			$	—			$	—			$	1,019
Depreciation and amortization			1,349				—				127				67				—				1,543
		Twelve Months Ended
		December 31, 2023
		Community Banking				Marine Lending				Wealth Management				All Other				Eliminations				Consolidated
		(in thousands)
Interest Income		$	67,955			$	15,138			$	—			$	—			$	—			$	83,093
Interest Expense			25,850				5,570				—				1,417				—				32,837
Net Interest Income (Expense)			42,105				9,568				—				(1,417	)			—				50,256
Gain on sales of loans			1,117				311				—				—				—				1,428
Other noninterest income			7,348				1,078				4,926				—				—				13,352
Net Revenue			50,570				10,957				4,926				(1,417	)			—				65,036
Provision for credit losses			2,051				(402	)			—				—				—				1,649
Salaries and employee benefits			26,948				1,854				1,407				97				—				30,306
Occupancy expenses			2,080				3				119				—				—				2,202
Professional fees			1,452				684				—				404				—				2,540
Data processing fees			1,907				—				28				—				—				1,935
Other noninterest expense			12,092				2,565				1,092				22				—				15,771
Total Noninterest Expenses			44,479				5,106				2,646				523				—				52,754
Income (loss) 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 (loss)		$	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

		Community Banking				Marine Lending				Wealth Management				All Other				Eliminations				Consolidated
Total assets at December 31, 2024		$	1,645,219			$	218,055			$	955			$	1,986			$	—			$	1,866,215
Total assets at December 31, 2023			1,562,600				261,011				1,080				906				—				1,825,597

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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