XML 38 R27.htm IDEA: XBRL DOCUMENT v3.22.0.1
Segment Reporting
 12 Months Ended
Dec. 31, 2021
Segment Reporting Disclosure Of Entitys Reportable Segments [Abstract]  
Segment Reporting

18.

SEGMENT REPORTING

In the tables below, 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:

 

 

 

2021

 

 

 

Bank

 

 

ALC

 

 

All Other

 

 

Eliminations

 

 

Consolidated

 

 

 

(Dollars in Thousands)

 

Total interest income

 

$

32,537

 

 

$

9,019

 

 

$

7

 

 

$

(1,642

)

 

$

39,921

 

Total interest expense

 

 

2,842

 

 

 

1,635

 

 

 

115

 

 

 

(1,642

)

 

 

2,950

 

Net interest income

 

 

29,695

 

 

 

7,384

 

 

 

(108

)

 

 

—

 

 

 

36,971

 

Provision for loan and lease losses

 

 

1,515

 

 

 

495

 

 

 

—

 

 

 

—

 

 

 

2,010

 

Net interest income after provision

 

 

28,180

 

 

 

6,889

 

 

 

(108

)

 

 

—

 

 

 

34,961

 

Total non-interest income

 

 

3,206

 

 

 

576

 

 

 

5,697

 

 

 

(5,958

)

 

 

3,521

 

Total non-interest expense

 

 

25,188

 

 

 

6,599

 

 

 

1,421

 

 

 

(452

)

 

 

32,756

 

Income (loss) before income taxes

 

 

6,198

 

 

 

866

 

 

 

4,168

 

 

 

(5,506

)

 

 

5,726

 

Provision for income taxes

 

 

1,305

 

 

 

221

 

 

 

(251

)

 

 

—

 

 

 

1,275

 

Net income (loss)

 

$

4,893

 

 

$

645

 

 

$

4,419

 

 

$

(5,506

)

 

$

4,451

 

Other significant items:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

961,572

 

 

$

40,924

 

 

$

106,247

 

 

$

(150,441

)

 

$

958,302

 

Total investment securities

 

 

134,238

 

 

 

—

 

 

 

81

 

 

 

—

 

 

 

134,319

 

Total loans, net

 

 

699,600

 

 

 

39,499

 

 

 

—

 

 

 

(39,069

)

 

 

700,030

 

Goodwill and core deposit intangible, net

 

 

8,069

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

8,069

 

Investment in subsidiaries

 

 

—

 

 

 

—

 

 

 

95,172

 

 

 

(95,172

)

 

 

—

 

Fixed asset additions

 

 

816

 

 

 

6

 

 

 

—

 

 

 

—

 

 

 

822

 

Depreciation and amortization expense

 

 

1,613

 

 

 

79

 

 

 

—

 

 

 

—

 

 

 

1,692

 

Total interest income from external customers

 

 

30,902

 

 

 

9,019

 

 

 

—

 

 

 

—

 

 

 

39,921

 

Total interest income from affiliates

 

 

1,635

 

 

 

—

 

 

 

7

 

 

 

(1,642

)

 

 

—

 

 

 

 

2020

 

 

 

Bank

 

 

ALC

 

 

All Other

 

 

Eliminations

 

 

Consolidated

 

 

 

(Dollars in Thousands)

 

Total interest income

 

$

31,834

 

 

$

11,397

 

 

$

22

 

 

$

(2,876

)

 

$

40,377

 

Total interest expense

 

 

4,632

 

 

 

2,855

 

 

 

—

 

 

 

(2,876

)

 

 

4,611

 

Net interest income

 

 

27,202

 

 

 

8,542

 

 

 

22

 

 

 

—

 

 

 

35,766

 

Provision for loan and lease losses

 

 

2,206

 

 

 

739

 

 

 

—

 

 

 

—

 

 

 

2,945

 

Net interest income after provision

 

 

24,996

 

 

 

7,803

 

 

 

22

 

 

 

—

 

 

 

32,821

 

Total non-interest income

 

 

4,531

 

 

 

752

 

 

 

4,061

 

 

 

(4,334

)

 

 

5,010

 

Total non-interest expense

 

 

25,180

 

 

 

8,136

 

 

 

1,565

 

 

 

(582

)

 

 

34,299

 

Income (loss) before income taxes

 

 

4,347

 

 

 

419

 

 

 

2,518

 

 

 

(3,752

)

 

 

3,532

 

Provision for income taxes

 

 

930

 

 

 

125

 

 

 

(230

)

 

 

—

 

 

 

825

 

Net income (loss)

 

$

3,417

 

 

$

294

 

 

$

2,748

 

 

$

(3,752

)

 

$

2,707

 

Other significant items:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

893,430

 

 

$

55,727

 

 

$

91,866

 

 

$

(150,512

)

 

$

890,511

 

Total investment securities

 

 

91,342

 

 

 

—

 

 

 

80

 

 

 

—

 

 

 

91,422

 

Total loans, net

 

 

632,996

 

 

 

53,078

 

 

 

—

 

 

 

(47,700

)

 

 

638,374

 

Goodwill and core deposit intangible, net

 

 

8,410

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

8,410

 

Investment in subsidiaries

 

 

—

 

 

 

—

 

 

 

86,102

 

 

 

(86,102

)

 

 

—

 

Fixed asset additions

 

 

870

 

 

 

85

 

 

 

—

 

 

 

—

 

 

 

955

 

Depreciation and amortization expense

 

 

1,563

 

 

 

121

 

 

 

—

 

 

 

—

 

 

 

1,684

 

Total interest income from external customers

 

 

28,979

 

 

 

11,397

 

 

 

1

 

 

 

—

 

 

 

40,377

 

Total interest income from affiliates

 

 

2,855

 

 

 

—

 

 

 

21

 

 

 

(2,876

)

 

 

—