SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2022

The following presents the financial information for each segment that is specifically identifiable or based on allocations using internal methods for the years ended December 31, 2022 and 2021 (dollars in thousands):


As of and for the year ended December 31, 2022	Wealth Management		Mortgage		Consolidated
Income Statement
Total interest and dividend income	$	100,474	$	—	$	100,474
Total interest expense	17,270		—		17,270
Provision for loan losses	3,682		—		3,682
Net interest income, after provision for loan losses	79,522		—		79,522
Non-interest income	23,094		5,318		28,412
Total income before non-interest expense	102,616		5,318		107,934
Depreciation and amortization expense	2,111		42		2,153
All other non-interest expense	69,366		7,587		76,953
Income before income taxes	$	31,139	$	(2,311)	$	28,828

Goodwill	$	30,400	$	—	$	30,400
Total assets	2,856,653		10,095		2,866,748


As of and for the year ended December 31, 2021	Wealth Management		Mortgage		Consolidated
Income Statement
Total interest and dividend income	$	62,011	$	—	$	62,011
Total interest expense	5,416		—		5,416
Provision for loan losses	1,230		—		1,230
Net interest income, after provision for loan losses	55,365		—		55,365
Non-interest income	23,924		16,119		40,043
Total income before non-interest expense	79,289		16,119		95,408
Depreciation and amortization expense	1,147		53		1,200
All other non-interest expense	56,764		10,164		66,928
Income before income taxes	$	21,378	$	5,902	$	27,280

Goodwill	$	30,588	$	—	$	30,588
Total assets	2,494,207		33,282		2,527,489