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Segment Reporting

12 Months Ended

Dec. 31, 2019

Segment Reporting Disclosure Of Entitys Reportable Segments [Abstract]

Segment Reporting

19. SEGMENT REPORTING

Under ASC Topic 280, Segment Reporting, certain information is disclosed for the two reportable operating segments of Bancshares: the Bank and ALC. The reportable segments were determined using the internal management reporting system. These segments comprise Bancshares’ and the Bank’s significant subsidiaries. The accounting policies for each segment are the same as those described in Note 2, “Summary of Significant Accounting Policies.” The segment results include certain overhead allocations and intercompany transactions that were recorded at current market prices. All intercompany transactions have been eliminated to determine the consolidated balances. The results for the two reportable segments of the Company are included in the tables below:

		2019
		Bank				ALC				All Other				Eliminations				Consolidated
		(Dollars in Thousands)
Total interest income		$	30,921			$	17,719			$	26			$	(5,078	)		$	43,588
Total interest expense			6,670				5,054				—				(5,078	)			6,646
Net interest income			24,251				12,665				26				—				36,942
Provision for loan and lease losses			788				1,926				—				—				2,714
Net interest income after provision			23,463				10,739				26				—				34,228
Total non-interest income			4,559				909				6,039				(6,141	)			5,366
Total non-interest expense			23,065				9,599				1,769				(651	)			33,782
Income (loss) before income taxes			4,957				2,049				4,296				(5,490	)			5,812
Provision for income taxes			977				516				(247	)			—				1,246
Net income (loss)		$	3,980			$	1,533			$	4,543			$	(5,490	)		$	4,566
Other significant items:
Total assets		$	789,620			$	110,374			$	90,211			$	(201,467	)		$	788,738
Total investment securities			108,276				—				80				—				108,356
Total loans, net			534,478				106,533				—				(95,768	)			545,243
Goodwill and core deposit intangible, net			8,825				—				—				—				8,825
Investment in subsidiaries			—				—				84,186				(84,186	)			—
Fixed asset additions			2,948				236				—				—				3,184
Depreciation and amortization expense			1,464				145				—				—				1,609
Total interest income from external customers			25,867				17,719				2				—				43,588
Total interest income from affiliates			5,054				—				24				(5,078	)			—

		2018
		Bank				ALC				All Other				Eliminations				Consolidated
		(Dollars in Thousands)
Total interest income		$	24,080			$	17,703			$	18			$	(4,663	)		$	37,138
Total interest expense			4,367				4,646				—				(4,663	)			4,350
Net interest income			19,713				13,057				18				—				32,788
Provision for loan and lease losses			215				2,407				—				—				2,622
Net interest income after provision			19,498				10,650				18				—				30,166
Total non-interest income			4,746				1,081				3,953				(4,170	)			5,610
Total non-interest expense			21,859				9,770				1,608				(852	)			32,385
Income (loss) before income taxes			2,385				1,961				2,363				(3,318	)			3,391
Provision for income taxes			704				430				(233	)			—				901
Net income (loss)		$	1,681			$	1,531			$	2,596			$	(3,318	)		$	2,490
Other significant items:
Total assets		$	793,530			$	103,067			$	85,137			$	(189,795	)		$	791,939
Total investment securities			153,871				—				78				—				153,949
Total loans, net			505,546				100,437				—				(91,116	)			514,867
Goodwill and core deposit intangible, net			9,312				—				—				—				9,312
Investment in subsidiaries			5				—				79,191				(79,191	)			5
Fixed asset additions			1,388				161				—				—				1,549
Depreciation and amortization expense			1,311				144				—				—				1,455
Total interest income from external customers			19,434				17,703				1				—				37,138
Total interest income from affiliates			4,646				—				17				(4,663	)			—

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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