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SEGMENT INFORMATION
 9 Months Ended
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