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SEGMENT INFORMATION | 9 Months Ended
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Sep. 30, 2023
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 95.1% and 94.0% of total consolidated revenues for the quarters end September 30, 2023 and 2022, 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 September 30, 2023 |
|  | Banking |  |  | Consumer Finance |  |  | Total Company |
Net interest income |  | $ | 10,816 |  |  | $ | 560 |  |  | $ | 11,376 |
Provision for (recovery of) credit losses |  |  | 727 |  |  |  | 161 |  |  |  | 888 |
Noninterest income |  |  | 2,526 |  |  |  | 42 |  |  |  | 2,568 |
Noninterest expense |  |  | 9,793 |  |  |  | 586 |  |  |  | 10,379 |
Provision for income taxes |  |  | 456 |  |  |  | (30 | ) |  |  | 426 |
Net income |  |  | 2,366 |  |  |  | (115 | ) |  |  | 2,251 |
Assets |  |  | 1,299,554 |  |  |  | 14,398 |  |  |  | 1,313,952 |
|  | Three Months Ended September 30, 2022 |
|  | Banking |  |  | Consumer Finance |  |  | Total Company |
Net interest income |  | $ | 11,299 |  |  | $ | 546 |  |  | $ | 11,845 |
Provision for (recovery of) credit losses |  |  | (400 | ) |  |  | 22 |  |  |  | (378 | )
Noninterest income |  |  | 2,573 |  |  |  | 42 |  |  |  | 2,615 |
Noninterest expense |  |  | 9,743 |  |  |  | 604 |  |  |  | 10,347 |
Provision for income taxes |  |  | 809 |  |  |  | (8 | ) |  |  | 801 |
Net income |  |  | 3,720 |  |  |  | (30 | ) |  |  | 3,690 |
Assets |  |  | 1,238,597 |  |  |  | 13,877 |  |  |  | 1,252,474 |
|  | Nine Months Ended September 30, 2023 |
|  | Banking |  |  | Consumer Finance |  |  | Total Company |
Net interest income |  | $ | 33,070 |  |  | $ | 1,642 |  |  | $ | 34,712 |
Provision for (recovery of) credit losses |  |  | 1,351 |  |  |  | 50 |  |  |  | 1,401 |
Noninterest income |  |  | 8,144 |  |  |  | 904 |  |  |  | 9,048 |
Noninterest expense |  |  | 29,173 |  |  |  | 1,893 |  |  |  | 31,066 |
Provision for income taxes |  |  | 1,759 |  |  |  | 126 |  |  |  | 1,885 |
Net income |  |  | 8,931 |  |  |  | 477 |  |  |  | 9,408 |
Assets |  |  | 1,299,554 |  |  |  | 14,398 |  |  |  | 1,313,952 |
|  | Nine Months Ended September 30, 2022 |
|  | Banking |  |  | Consumer Finance |  |  | Total Company |
Net interest income |  | $ | 30,791 |  |  | $ | 1,597 |  |  | $ | 32,388 |
Provision for (recovery of) credit losses |  |  | (700 | ) |  |  | 9 |  |  |  | (691 | )
Noninterest income |  |  | 7,987 |  |  |  | 984 |  |  |  | 8,971 |
Noninterest expense |  |  | 28,296 |  |  |  | 1,862 |  |  |  | 30,158 |
Provision for income taxes |  |  | 1,930 |  |  |  | 148 |  |  |  | 2,078 |
Net income |  |  | 9,252 |  |  |  | 562 |  |  |  | 9,814 |
Assets |  |  | 1,238,597 |  |  |  | 13,877 |  |  |  | 1,252,474 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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