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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Schedule of Segment Reporting Information, by Segment

The results for the two reportable segments of the Company are included in the tables below.

										All
		Bank				ALC				Other				Eliminations				Consolidated
		(Dollars in Thousands)
As of and for the three months ended June 30, 2023
Total interest income		$	12,654			$	518			$	—			$	(173	)		$	12,999
Total interest expense			3,562				173				114				(173	)			3,676
Net interest income			9,092				345				(114	)			—				9,323
Provision for credit losses			500				(200	)			—				—				300
Net interest income after provision			8,592				545				(114	)			—				9,023
Total non-interest income			800				7				2,398				(2,406	)			799
Total non-interest expense			6,526				280				353				(8	)			7,151
Income before income taxes			2,866				272				1,931				(2,398	)			2,671
Provision for income taxes			671				69				(92	)			—				648
Net income		$	2,195			$	203			$	2,023			$	(2,398	)		$	2,023
Other significant items:
Total assets		$	1,066,977			$	13,500			$	97,319			$	(109,670	)		$	1,068,126
Total investment securities			124,404				—				—				—				124,404
Total loans held for investment, net			802,870				12,583				—				(12,495	)			802,958
Goodwill and core deposit intangible, net			7,691				—				—				—				7,691
Investment in subsidiaries			—				—				93,586				(93,586	)			—
Fixed asset additions			49				—				—				—				49
Depreciation and amortization expense			386				7				—				—				393
Total interest income from external customers			12,481				518				—				—				12,999
Total interest income from affiliates			173				—				—				(173	)			—
For the six months ended June 30, 2023
Total interest income			24,160				1,177				1				(379	)			24,959
Total interest expense			5,974				378				229				(379	)			6,202
Net interest income			18,186				799				(228	)			—				18,757
Provision for credit losses			769				(200	)			—				—				569
Net interest income after provision			17,417				999				(228	)			—				18,188
Total non-interest income			1,631				24				4,795				(4,822	)			1,628
Total non-interest expense			13,197				600				651				(27	)			14,421
Income before income taxes			5,851				423				3,916				(4,795	)			5,395
Provision for income taxes			1,372				107				(179	)			—				1,300
Net income		$	4,479			$	316			$	4,095			$	(4,795	)		$	4,095
Other significant items:
Fixed asset additions		$	242			$	—			$	—			$	—			$	242
Depreciation and amortization expense			791				13				—				—				804
Total interest income from external customers			23,782				1,177				—				—				24,959
Total interest income from affiliates			378				—				1				(379	)			—

										All
		Bank				ALC				Other				Eliminations				Consolidated
		(Dollars in Thousands)
As of and for the three months ended June 30, 2022
Total interest income		$	8,503			$	1,296			$	1			$	(275	)		$	9,525
Total interest expense			585				274				115				(275	)			699
Net interest income			7,918				1,022				(114	)			—				8,826
Provision for loan and lease losses			480				415				—				—				895
Net interest income after provision			7,438				607				(114	)			—				7,931
Total non-interest income			876				60				1,718				(1,798	)			856
Total non-interest expense			6,193				438				303				(56	)			6,878
Income (loss) before income taxes			2,121				229				1,301				(1,742	)			1,909
Provision for income taxes			544				56				(106	)			—				494
Net income (loss)		$	1,577			$	173			$	1,407			$	(1,742	)		$	1,415
Other significant items:
Total assets		$	959,194			$	27,851			$	97,917			$	(129,577	)		$	955,385
Total investment securities			152,535				—				1				—				152,536
Total loans, net			705,488				26,695				—				(26,297	)			705,886
Goodwill and core deposit intangible, net			7,923				—				—				—				7,923
Investment in subsidiaries			—				—				89,088				(89,088	)			—
Fixed asset additions			223				—				—				—				223
Depreciation and amortization expense			383				9				—				—				392
Total interest income from external customers			8,229				1,296				—				—				9,525
Total interest income from affiliates			274				—				1				(275	)			—
For the six months ended June 30, 2022
Total interest income			16,628				2,885				2				(609	)			18,906
Total interest expense			1,144				607				229				(609	)			1,371
Net interest income			15,484				2,278				(227	)			—				17,535
Provision for loan and lease losses			345				1,271				—				—				1,616
Net interest income after provision			15,139				1,007				(227	)			—				15,919
Total non-interest income			1,731				130				3,366				(3,542	)			1,685
Total non-interest expense			12,478				982				599				(125	)			13,934
Income before income taxes			4,392				155				2,540				(3,417	)			3,670
Provision for income taxes			1,046				37				(189	)			—				894
Net income		$	3,346			$	118			$	2,729			$	(3,417	)		$	2,776
Other significant items:
Fixed asset additions		$	341			$	—			$	—			$	—			$	341
Depreciation and amortization expense			760				19				—				—				779
Total interest income from external customers			16,021				2,885				—				—				18,906
Total interest income from affiliates			607				—				2				(609	)			—

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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X

- References

No definition available.

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