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Segment Reporting
3 Months Ended
Mar. 31, 2025
Segment Reporting  
Segment Reporting

Note 13:           Segment Reporting

The Company’s has one reportable segment (“Banking”) as determined by the after considering the level of information to review and the performance of various componets of the business. The Company’s Management will use the consolidated information to benchmark against similar entities to evaualte financial performance and budget to actual results. Accounting policies follolwaed by the Company are the same used for the single segment. The one segment identified is evaluated using net income, earnings per share, return of average assets and equity. Information used for performance assessment follows. Since reported consolidated financial results are used for the performance assessment, there are no reconciling items noted from our financial reporting results published and segment reporting financial information.

Quarters Ended March 31,

    

2025

    

2024

(In thousands)

Banking Segment

 

  

 

  

Total interest income

$

9,842

$

9,621

Total interest expense

 

3,595

 

3,506

Net interest income

 

6,247

 

6,115

Provision for credit loss expense

 

96

 

Net interest income after provision for (reversal of) credit losses

 

6,151

 

6,115

Noninterest income

 

1,281

 

866

Noninterest expense (including taxes)

 

5,560

 

4,988

Net income

 

1,872

 

1,993

Net income (consolidated statements of income)

$

1,872

$

1,993

Total assets Banking segment

$

830,681

$

816,656

Total assets (consolidated balance sheets)

$

830,681

$

816,656