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Operating Segments
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

Note 15. Operating Segments

 

The Company’s reportable segments consist of Banking, Other Financial Services, and HoldCo operations.

 

The Banking segment consists of operations relative to the Company’s full service banking operations, including providing depository and lending services to individual and business customers, and other related banking services, as well as operations of the Bank’s Integra factoring division.

 

The Other Financial Services segment includes managed and directed brokerage, investment advisory services, including related trust company operations, third party administration, and insurance brokerage services to both individuals and businesses.

 

The HoldCo operations include the operations and subordinated debt held at the Bank’s immediate parent, as well as the activities of the financial holding company which serves as T Bancshares’s parent.

 

The tables below present the financial information for each segment that is specifically identifiable, or based on allocations using internal methods, for the years ended December 31, 2021 and 2020:

 

(In thousands)

  

Banking

    

Other Financial Services

    

HoldCo

    

Consolidated

  

Year Ended December 31, 2021

                                

Income Statement

                                

Total interest income

   $ 29,384     $ -     $ -     $ 29,384  

Total interest expense

     2,736       -       891       3,627  

Provision for loan losses

     2,214       -       -       2,214  

Net interest income (loss) after provision for loan losses

     24,434       -       (891

)

     23,543  

Non-interest income

     991       35,428       205       36,624  

Depreciation and amortization expense

     379       144       -       523  

All other non-interest expense

     11,441       24,737       1,629       37,807  

Income (loss) before income tax

   $ 13,605     $ 10,547     $ (2,315

)

   $ 21,837  
                                 

Goodwill and other intangibles

   $ 19,867     $ 2,350     $ -     $ 22,217  

Total assets

   $ 573,726     $ 10,833     $ 452     $ 585,011  

 

(In thousands)

  

Banking

    

Other Financial Services

    

HoldCo

    

Consolidated

  

Year Ended December 31, 2020

                                

Income Statement

                                

Total interest income

   $ 20,878     $ -     $ -     $ 20,878  

Total interest expense

     4,394       -       875       5,269  

Provision for loan losses

     1,709       -       -       1,709  

Net-interest income (loss) after provision for loan losses

     14,775       -       (875

)

     13,900  

Non-interest income

     1,492       32,120       22       33,721  

Depreciation and amortization expense

     370       244       -       614  

All other non-interest expense

     7,865       24,068       1,065       33,085  

Income before income tax

   $ 8,032     $ 7,808     $ (1,918

)

   $ 13,922  
                                 

Goodwill and other intangibles

   $ 9,358     $ 2,350     $ -     $ 11,708  

Total assets

   $ 499,580     $ 13,571     $ 275     $ 513,426