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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 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 92.9% and 93.1% of total consolidated revenues for the quarters end June 30, 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.

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

 
Three Months Ended June 30, 2022
  
   
Banking
    
Consumer
Finance
    
Total
Company
  
Net interest income
  
$
10,024
    
$
529
    
$
10,553
  
Provision for loan losses
    
800
      
13
      
813
  
Noninterest income
    
2,523
      
113
      
2,636
  
Noninterest expense
    
9,459
      
564
      
10,023
  
Provision for income taxes
    
341
      
13
      
354
  
Net income
    
1,947
      
52
      
1,999
  
Assets
    
1,240,072
      
13,814
      
1,253,886
  

 
Three Months Ended June 30, 2021
  
   
Banking
    
Consumer
Finance
    
Total
Company
  
Net interest income
  
$
9,727
    
$
488
    
$
10,215
  
Provision for loan losses
    
—
      
27
      
27
  
Noninterest income
    
2,384
      
122
      
2,506
  
Noninterest expense
    
8,737
      
560
      
9,297
  
Provision for income taxes
    
531
      
5
      
536
  
Net income
    
2,843
      
18
      
2,861
  
Assets
    
1,224,295
      
12,693
      
1,236,988
  

 
Six Months Ended June 30, 2022
  
   
Banking
    
Consumer
Finance
    
Total
Company
  
Net interest income
  
$
19,492
    
$
1,051
    
$
20,543
  
Provision for loan losses
    
(300
)
    
(13
)
    
(313
)
Noninterest income
    
5,414
      
942
      
6,356
  
Noninterest expense
    
18,553
      
1,258
      
19,811
  
Provision for income taxes
    
1,121
      
156
      
1,277
  
Net income
    
5,532
      
592
      
6,124
  
Assets
    
1,240,072
      
13,814
      
1,253,886
  

 
Six Months Ended June 30, 2021
  
   
Banking
    
Consumer
Finance
    
Total
Company
  
Net interest income
  
$
19,281
    
$
982
    
$
20,263
  
Provision for loan losses
    
(50
)
    
25
      
(25
)
Noninterest income
    
4,892
      
953
      
5,845
  
Noninterest expense
    
17,234
      
1,250
      
18,484
  
Provision for income taxes
    
1,119
      
138
      
1,257
  
Net income
    
5,870
      
522
      
6,392
  
Assets
    
1,224,295
      
12,693
      
1,236,988