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SEGMENT REPORTING
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company’s reportable segments consist of Wealth Management and Mortgage. The chief operating decision maker ("CODM") is the Chief Executive Officer. The measure of profit or loss used by the CODM to identify and measure the Company’s reportable segments is income before income tax.
The Wealth Management segment consists of operations relative to the Company’s fully integrated wealth management products and services. Services provided include deposit, loan, insurance, and trust and investment management advisory products and services.
The Mortgage segment consists of operations relative to the Company’s residential mortgage service offerings. Mortgage products and services are financial in nature for which premiums are recognized net of expenses, upon the sale of mortgage loans to third parties.
The following presents the financial information for each segment that is specifically identifiable or based on allocations using internal methods as of or during the periods presented (dollars in thousands):
As of or for the three months ended March 31, 2023Wealth
Management
MortgageConsolidated
Income Statement
Total interest income$34,600 $112 $34,712 
Total interest expense15,152 — 15,152 
(Release) provision for credit losses(310)— (310)
Net interest income, after (release) provision for credit losses19,758 112 19,870 
Non-interest income4,785 1,034 5,819 
Total income before non-interest expense24,543 1,146 25,689 
Depreciation and amortization expense586 594 
All other non-interest expense18,202 1,732 19,934 
Income before income taxes$5,755 $(594)$5,161 
Goodwill$30,400 $— $30,400 
Total assets2,956,908 11,599 2,968,507 
As of or for the three months ended March 31, 2022Wealth
Management
MortgageConsolidated
Income Statement
Total interest income$19,685 $191 $19,876 
Total interest expense1,381 — 1,381 
(Release) provision for credit losses210 — 210 
Net interest income, after provision for credit losses18,094 191 18,285 
Non-interest income6,062 2,327 8,389 
Total income before non-interest expense24,156 2,518 26,674 
Depreciation and amortization expense548 12 560 
All other non-interest expense16,597 2,201 18,798 
Income before income taxes$7,011 $305 $7,316 
Goodwill$30,400 $— $30,400 
Total assets 2,539,473 37,188 2,576,661 
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