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v3.23.2

Reportable Segments (Tables) | 6 Months Ended
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Jun. 30, 2023
Reportable Segments |
Schedule Of Consolidated Financial Statements |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | Banking |  |  |  |  |  |  |  |  |  |
|  | Operations |  |  | CBRES |  |  | Other |  |  | Consolidated |
As of and for the three months ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 17,591 |  |  | $ | - |  |  | $ | 8 |  |  | $ | 17,599 |
Interest expense |  |  | 3,569 |  |  |  | - |  |  |  | 259 |  |  |  | 3,828 |
Net interest income |  |  | 14,022 |  |  |  | - |  |  |  | (251 | ) |  |  | 13,771 |
Provision for credit losses |  |  | 375 |  |  |  | - |  |  |  | - |  |  |  | 375 |
Noninterest income |  |  | 3,813 |  |  |  | - |  |  |  | - |  |  |  | 3,813 |
Appraisal management fee income |  |  | - |  |  |  | 2,590 |  |  |  | - |  |  |  | 2,590 |
Noninterest expense |  |  | 11,038 |  |  |  | 360 |  |  |  | 172 |  |  |  | 11,570 |
Appraisal management fee expense |  |  | - |  |  |  | 2,049 |  |  |  | - |  |  |  | 2,049 |
Income tax expense (benefit) |  |  | 1,418 |  |  |  | 42 |  |  |  | (88 | ) |  |  | 1,372 |
Net income (loss) |  | $ | 5,004 |  |  | $ | 139 |  |  | $ | (335 | ) |  | $ | 4,808 |
Total assets |  | $ | 1,606,211 |  |  | $ | 3,511 |  |  | $ | 1,852 |  |  | $ | 1,611,574 |
As of and for the three months ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 11,988 |  |  | $ | - |  |  | $ | 4 |  |  | $ | 11,992 |
Interest expense |  |  | 541 |  |  |  | - |  |  |  | 103 |  |  |  | 644 |
Net interest income |  |  | 11,447 |  |  |  | - |  |  |  | (99 | ) |  |  | 11,348 |
Provision for loan losses |  |  | 410 |  |  |  | - |  |  |  | - |  |  |  | 410 |
Noninterest income |  |  | 3,882 |  |  |  | 7 |  |  |  | - |  |  |  | 3,889 |
Appraisal management fee income |  |  | - |  |  |  | 3,439 |  |  |  | - |  |  |  | 3,439 |
Noninterest expense |  |  | 10,896 |  |  |  | 421 |  |  |  | 169 |  |  |  | 11,486 |
Appraisal management fee expense |  |  | - |  |  |  | 2,757 |  |  |  | - |  |  |  | 2,757 |
Income tax expense (benefit) |  |  | 800 |  |  |  | 62 |  |  |  | (56 | ) |  |  | 806 |
Net income (loss) |  | $ | 3,223 |  |  | $ | 206 |  |  | $ | (212 | ) |  | $ | 3,217 |
Total assets |  | $ | 1,671,501 |  |  | $ | 3,298 |  |  | $ | 2,096 |  |  | $ | 1,676,895 |
As of and for the six months ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 34,384 |  |  | $ | - |  |  | $ | 16 |  |  | $ | 34,400 |
Interest expense |  |  | 5,784 |  |  |  | - |  |  |  | 507 |  |  |  | 6,291 |
Net interest income |  |  | 28,600 |  |  |  | - |  |  |  | (491 | ) |  |  | 28,109 |
Provision for credit losses |  |  | 599 |  |  |  | - |  |  |  | - |  |  |  | 599 |
Noninterest income |  |  | 5,330 |  |  |  | - |  |  |  | - |  |  |  | 5,330 |
Appraisal management fee income |  |  | - |  |  |  | 4,684 |  |  |  | - |  |  |  | 4,684 |
Noninterest expense |  |  | 22,602 |  |  |  | 694 |  |  |  | 326 |  |  |  | 23,622 |
Appraisal management fee expense |  |  | - |  |  |  | 3,699 |  |  |  | - |  |  |  | 3,699 |
Income tax expense (benefit) |  |  | 2,327 |  |  |  | 67 |  |  |  | (171 | ) |  |  | 2,223 |
Net income (loss) |  | $ | 8,402 |  |  | $ | 224 |  |  | $ | (646 | ) |  | $ | 7,980 |
Total assets |  | $ | 1,606,211 |  |  | $ | 3,511 |  |  | $ | 1,852 |  |  | $ | 1,611,574 |
As of and for the six months ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 23,315 |  |  | $ | - |  |  | $ | 6 |  |  | $ | 23,321 |
Interest expense |  |  | 1,129 |  |  |  | - |  |  |  | 178 |  |  |  | 1,307 |
Net interest income |  |  | 22,186 |  |  |  | - |  |  |  | (172 | ) |  |  | 22,014 |
Provision for loan losses |  |  | 481 |  |  |  | - |  |  |  | - |  |  |  | 481 |
Noninterest income |  |  | 7,418 |  |  |  | 11 |  |  |  | - |  |  |  | 7,429 |
Appraisal management fee income |  |  | - |  |  |  | 6,945 |  |  |  | - |  |  |  | 6,945 |
Noninterest expense |  |  | 20,912 |  |  |  | 821 |  |  |  | 322 |  |  |  | 22,055 |
Appraisal management fee expense |  |  | - |  |  |  | 5,529 |  |  |  | - |  |  |  | 5,529 |
Income tax expense (benefit) |  |  | 1,618 |  |  |  | 140 |  |  |  | (104 | ) |  |  | 1,654 |
Net income (loss) |  | $ | 6,593 |  |  | $ | 466 |  |  | $ | (390 | ) |  | $ | 6,669 |
Total assets |  | $ | 1,671,501 |  |  | $ | 3,298 |  |  | $ | 2,096 |  |  | $ | 1,676,895 |

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- Definition Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 + Details
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