Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting

Schedule of segment information

The following table presents segment information as of and for the three and six months ended June 30, 2023 and 2022 (in thousands):

	Commercial		Mortgage				Consolidated
	Banking		Banking		Eliminations		Totals
Three Months Ended June 30, 2023
Revenues
Interest income	$	7,998	$	101	$	—	$	8,099
Mortgage banking income, net		—		610		(224)		386
Other revenues		878		—		(43)		835
Total revenues		8,876		711		(267)		9,320
Expenses
Recovery of provision for credit losses		—		—		—		—
Interest expense		1,975		—		—		1,975
Salaries and benefits		2,694		721		—		3,415
Other expenses		2,391		293		(267)		2,417
Total operating expenses		7,060		1,014		(267)		7,807
Income (loss) before income taxes		1,816		(303)		—		1,513
Income tax expense (benefit)		338		(64)		—		274
Net income (benefit)	$	1,478	$	(239)	$	—	$	1,239
Total assets	$	764,034	$	17,856	$	(27,235)	$	754,655

	Commercial		Mortgage				Consolidated
	Banking		Banking		Eliminations		Totals
Three Months Ended June 30, 2022
Revenues
Interest income	$	6,653	$	78	$	—	$	6,731
Mortgage banking income, net		—		1,122		(32)		1,090
Other revenues		893		—		(45)		848
Total revenues		7,546		1,200		(77)		8,669
Expenses
Recovery of provision for loan losses		—		—		—		—
Interest expense		410		—		—		410
Salaries and benefits		2,608		815		—		3,423
Other expenses		1,851		317		(77)		2,091
Total operating expenses		4,869		1,132		(77)		5,924
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
Six Months Ended June 30, 2023
Revenues
Interest income	$	15,541	$	141	$	—	$	15,682
Mortgage banking income, net		—		1,148		(284)		864
Other revenues		1,700		—		(86)		1,614
Total revenues		17,241		1,289		(370)		18,160
Expenses
Recovery of provision for credit losses		—		—		—		—
Interest expense		3,193		—		—		3,193
Salaries and benefits		5,436		1,427		—		6,863
Other expenses		4,529		567		(370)		4,726
Total operating expenses		13,158		1,994		(370)		14,782
Income (loss) before income taxes		4,083		(705)		—		3,378
Income tax expense (benefit)		747		(148)		—		599
Net income (loss)	$	3,336	$	(557)	$	—	$	2,779
Total assets	$	764,034	$	17,856	$	(27,235)	$	754,655

	Commercial		Mortgage				Consolidated
	Banking		Banking		Eliminations		Totals
Six Months Ended June 30, 2022
Revenues
Interest income	$	12,878	$	121	$	—	$	12,999
Mortgage banking income, net		—		2,027		(58)		1,969
Other revenues		1,687		—		(89)		1,598
Total revenues		14,565		2,148		(147)		16,566
Expenses
Recovery of provision for loan losses		(400)		—		—		(400)
Interest expense		818		—		—		818
Salaries and benefits		5,253		1,694		—		6,947
Commissions		—		—		—		—
Other expenses		3,758		638		(147)		4,249
Total operating expenses		9,429		2,332		(147)		11,614
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
Capital expenditures