Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting

Schedule of segment information

The following table presents segment information as of and for the three and six months ended June 30, 2022 and 2021 (in thousands):

	Commercial		Mortgage				Consolidated
	Banking		Banking		Eliminations		Totals
Three Months Ended June 30, 2022
Revenues
Interest income	$	6,653	$	78	$	—	$	6,731
Gain on sale of loans		—		1,458		—		1,458
Other revenues		893		154		(72)		975
Total revenues		7,546		1,690		(72)		9,164
Expenses
Recovery of provision for loan losses		—		—		—		—
Interest expense		410		—		—		410
Salaries and benefits		2,608		815		—		3,423
Commissions		—		490		—		490
Other expenses		1,851		317		(72)		2,096
Total operating expenses		4,869		1,622		(72)		6,419
Income before income taxes		2,677		68		—		2,745
Income tax expense		540		15		—		555
Net income	$	2,137	$	53	$	—	$	2,190
Total assets	$	761,749	$	18,860	$	(28,012)	$	752,597

	Commercial		Mortgage				Consolidated
	Banking		Banking		Eliminations		Totals
Three Months Ended June 30, 2021
Revenues
Interest income	$	6,870	$	102	$	—	$	6,972
Gain on sale of loans		—		2,729		—		2,729
Other revenues		733		238		(45)		926
Total revenues		7,603		3,069		(45)		10,627
Expenses
Recovery of provision for loan losses		(500)		—		—		(500)
Interest expense		580		—		—		580
Salaries and benefits		2,496		1,016		—		3,512
Commissions		—		890		—		890
Other expenses		1,791		202		(45)		1,948
Total operating expenses		4,367		2,108		(45)		6,430
Income before income taxes		3,236		961		—		4,197
Income tax expense		701		202		—		903
Net income	$	2,535	$	759	$	—	$	3,294
Total assets	$	717,993	$	19,366	$	(19,427)	$	717,932

	Commercial		Mortgage				Consolidated
	Banking		Banking		Eliminations		Totals
Six Months Ended June 30, 2022
Revenues
Interest income	$	12,878	$	121	$	—	$	12,999
Gain on sale of loans		—		2,668		—		2,668
Other revenues		1,687		305		(148)		1,844
Total revenues		14,565		3,094		(148)		17,511
Expenses
Recovery of provision for loan losses		(400)		—		—		(400)
Interest expense		818		—		—		818
Salaries and benefits		5,253		1,694		—		6,947
Commissions		—		946		—		946
Other expenses		3,758		638		(148)		4,248
Total operating expenses		9,429		3,278		(148)		12,559
Income (loss) before income taxes		5,136		(184)		—		4,952
Income tax expense (benefit)		1,000		(38)		—		962
Net income (loss)	$	4,136	$	(146)	$	—	$	3,990
Total assets	$	761,749	$	18,860	$	(28,012)	$	752,597

	Commercial		Mortgage				Consolidated
	Banking		Banking		Eliminations		Totals
Six Months Ended June 30, 2021
Revenues
Interest income	$	13,789	$	237	$	(23)	$	14,003
Gain on sale of loans		—		6,904		—		6,904
Other revenues		1,456		466		(135)		1,787
Total revenues		15,245		7,607		(158)		22,694
Expenses
Recovery of provision for loan losses		(500)		—		—		(500)
Interest expense		1,235		23		(23)		1,235
Salaries and benefits		4,641		2,292		—		6,933
Commissions		—		1,668		—		1,668
Other expenses		3,635		628		(135)		4,128
Total operating expenses		9,011		4,611		(158)		13,464
Income before income taxes		6,234		2,996		—		9,230
Income tax expense		1,410		629		—		2,039
Net income	$	4,824	$	2,367	$	—	$	7,191
Total assets	$	717,993	$	19,366	$	(19,427)	$	717,932