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v3.23.3

Reportable Segments (Tables) | 9 Months Ended
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Sep. 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 September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 18,297 |  |  | $ | - |  |  | $ | 9 |  |  | $ | 18,306 |
Interest expense |  |  | 4,681 |  |  |  | - |  |  |  | 285 |  |  |  | 4,966 |
Net interest income |  |  | 13,616 |  |  |  | - |  |  |  | (276 | ) |  |  | 13,340 |
Provision for credit losses |  |  | 562 |  |  |  | - |  |  |  | - |  |  |  | 562 |
Noninterest income |  |  | 3,989 |  |  |  | - |  |  |  | - |  |  |  | 3,989 |
Appraisal management fee income |  |  | - |  |  |  | 2,785 |  |  |  | - |  |  |  | 2,785 |
Noninterest expense |  |  | 11,515 |  |  |  | 401 |  |  |  | 157 |  |  |  | 12,073 |
Appraisal management fee expense |  |  | - |  |  |  | 2,182 |  |  |  | - |  |  |  | 2,182 |
Income tax expense (benefit) |  |  | 1,215 |  |  |  | 46 |  |  |  | (91 | ) |  |  | 1,170 |
Net income (loss) |  | $ | 4,313 |  |  | $ | 156 |  |  | $ | (342 | ) |  | $ | 4,127 |
Total assets |  | $ | 1,601,541 |  |  | $ | 3,713 |  |  | $ | 2,010 |  |  | $ | 1,607,264 |
As of and for the three months ended September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 14,606 |  |  | $ | - |  |  | $ | 5 |  |  | $ | 14,611 |
Interest expense |  |  | 671 |  |  |  | - |  |  |  | 147 |  |  |  | 818 |
Net interest income |  |  | 13,935 |  |  |  | - |  |  |  | (142 | ) |  |  | 13,793 |
Provision for loan losses |  |  | 408 |  |  |  | - |  |  |  | - |  |  |  | 408 |
Noninterest income |  |  | 4,080 |  |  |  | 2 |  |  |  | - |  |  |  | 4,082 |
Appraisal management fee income |  |  | - |  |  |  | 2,711 |  |  |  | - |  |  |  | 2,711 |
Noninterest expense |  |  | 10,607 |  |  |  | 538 |  |  |  | 159 |  |  |  | 11,304 |
Appraisal management fee expense |  |  | - |  |  |  | 2,151 |  |  |  | - |  |  |  | 2,151 |
Income tax expense (benefit) |  |  | 1,473 |  |  |  | 6 |  |  |  | (63 | ) |  |  | 1,416 |
Net income (loss) |  | $ | 5,527 |  |  | $ | 18 |  |  | $ | (238 | ) |  | $ | 5,307 |
Total assets |  | $ | 1,670,896 |  |  | $ | 3,298 |  |  | $ | 2,096 |  |  | $ | 1,676,290 |
As of and for the nine months ended September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 52,680 |  |  | $ | - |  |  | $ | 26 |  |  | $ | 52,706 |
Interest expense |  |  | 10,466 |  |  |  | - |  |  |  | 791 |  |  |  | 11,257 |
Net interest income |  |  | 42,214 |  |  |  | - |  |  |  | (765 | ) |  |  | 41,449 |
Provision for credit losses |  |  | 1,161 |  |  |  | - |  |  |  | - |  |  |  | 1,161 |
Noninterest income |  |  | 9,318 |  |  |  | - |  |  |  | - |  |  |  | 9,318 |
Appraisal management fee income |  |  | - |  |  |  | 7,469 |  |  |  | - |  |  |  | 7,469 |
Noninterest expense |  |  | 34,118 |  |  |  | 1,094 |  |  |  | 483 |  |  |  | 35,695 |
Appraisal management fee expense |  |  | - |  |  |  | 5,881 |  |  |  | - |  |  |  | 5,881 |
Income tax expense (benefit) |  |  | 3,541 |  |  |  | 114 |  |  |  | (262 | ) |  |  | 3,393 |
Net income (loss) |  | $ | 12,712 |  |  | $ | 380 |  |  | $ | (986 | ) |  | $ | 12,106 |
Total assets |  | $ | 1,601,541 |  |  | $ | 3,713 |  |  | $ | 2,010 |  |  | $ | 1,607,264 |
As of and for the nine months ended September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 37,921 |  |  | $ | - |  |  | $ | 11 |  |  | $ | 37,932 |
Interest expense |  |  | 1,801 |  |  |  | - |  |  |  | 324 |  |  |  | 2,125 |
Net interest income |  |  | 36,120 |  |  |  | - |  |  |  | (313 | ) |  |  | 35,807 |
Provision for loan losses |  |  | 889 |  |  |  | - |  |  |  | - |  |  |  | 889 |
Noninterest income |  |  | 11,497 |  |  |  | 14 |  |  |  | - |  |  |  | 11,511 |
Appraisal management fee income |  |  | - |  |  |  | 9,656 |  |  |  | - |  |  |  | 9,656 |
Noninterest expense |  |  | 31,518 |  |  |  | 1,360 |  |  |  | 481 |  |  |  | 33,359 |
Appraisal management fee expense |  |  | - |  |  |  | 7,680 |  |  |  | - |  |  |  | 7,680 |
Income tax expense (benefit) |  |  | 3,091 |  |  |  | 146 |  |  |  | (167 | ) |  |  | 3,070 |
Net income (loss) |  | $ | 12,119 |  |  | $ | 484 |  |  | $ | (627 | ) |  | $ | 11,976 |
Total assets |  | $ | 1,670,896 |  |  | $ | 3,298 |  |  | $ | 2,096 |  |  | $ | 1,676,290 |

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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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