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SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2022
SEGMENT INFORMATION [Abstract]  
SEGMENT INFORMATION
NOTE 7 – SEGMENT INFORMATION

The reportable segments are determined by the products and services offered, primarily distinguished between banking and consumer finance. They are also distinguished by the level of information provided to the chief operating decision maker, who uses such information to review performance of various components of the business, which are then aggregated if operating performance, products/services, and customers are similar. Loans, investments, and deposits provide the majority of the net revenues from the banking operation, while loans provide the majority of the net revenues for the consumer finance segment. All Company segments are domestic.

Total revenues from the banking segment, which accounted for the majority of the Company’s total revenues, totaled 90.5% and 90.8% of total consolidated revenues for the quarters end March 31, 2022 and 2021, respectively.

The accounting policies used for the Company’s reportable segments are the same as those described in Note 1 - Summary of Significant Accounting Policies. Income taxes are allocated based on income before tax expense.  All goodwill is in the banking segment.

Information for the Company’s reportable segments is as follows:

 
Three months ended March 31, 2022
  
   
Banking
    
Consumer
Finance
    
Total
Company
  
Net interest income
  
$
9,468
    
$
522
    
$
9,990
  
Provision expense
    
(1,100
)
    
(26
)
    
(1,126
)
Noninterest income
    
2,891
      
829
      
3,720
  
Noninterest expense
    
9,094
      
694
      
9,788
  
Tax expense
    
780
      
143
      
923
  
Net income
    
3,585
      
540
      
4,125
  
Assets
    
1,245,025
      
13,151
      
1,258,176
  

 
Three months ended March 31, 2021
  
   
Banking
    
Consumer
Finance
    
Total
Company
  
Net interest income
  
$
9,554
    
$
494
    
$
10,048
  
Provision expense
    
(50
)
    
(2
)
    
(52
)
Noninterest income
    
2,508
      
831
      
3,339
  
Noninterest expense
    
8,497
      
690
      
9,187
  
Tax expense
    
588
      
133
      
721
  
Net income
    
3,027
      
504
      
3,531
  
Assets
    
1,212,129
      
13,055
      
1,225,184