SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2023

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 June 30, 2023	Wealth Management		Mortgage		Consolidated
Income Statement
Total interest income	$	36,142	$	230	$	36,372
Total interest expense	17,937		—		17,937
Provision for credit losses	1,843		—		1,843
Net interest income, after provision for credit losses	16,362		230		16,592
Non-interest income	3,167		795		3,962
Total income before non-interest expense	19,529		1,025		20,554
Depreciation and amortization expense	580		9		589
All other non-interest expense	16,520		1,410		17,930
Income (loss) before income taxes	$	2,429	$	(394)	$	2,035

Goodwill	$	30,400	$	—	$	30,400
Total assets	2,983,814		21,832		3,005,646


As of or for the three months ended June 30, 2022	Wealth Management		Mortgage		Consolidated
Income Statement
Total interest income	$	21,644	$	229	$	21,873
Total interest expense	1,493		—		1,493
Provision for credit losses	519		—		519
Net interest income, after provision for credit losses	19,632		229		19,861
Non-interest income	5,649		1,049		6,698
Total income before non-interest expense	25,281		1,278		26,559
Depreciation and amortization expense	523		11		534
All other non-interest expense	17,834		2,215		20,049
Income before income taxes	$	6,924	$	(948)	$	5,976

Goodwill	$	30,400	$	—	$	30,400
Total assets	2,513,170		28,323		2,541,493


As of or for the six months ended June 30, 2023	Wealth Management		Mortgage		Consolidated
Income Statement
Total interest income	$	70,742	$	342	$	71,084
Total interest expense	33,076		—		33,076
Provision for credit losses	1,533		—		1,533
Net interest income, after provision for credit losses	36,133		342		36,475
Non-interest income	7,940		1,828		9,768
Total income before non-interest expense	44,073		2,170		46,243
Depreciation and amortization expense	1,166		17		1,183
All other non-interest expense	34,723		3,141		37,864
Income before income taxes	$	8,184	$	(988)	$	7,196

Goodwill	$	30,400	$	—	$	30,400
Total assets	2,983,814		21,832		3,005,646


As of or for the six months ended June 30, 2022	Wealth Management		Mortgage		Consolidated
Income Statement
Total interest income	$	41,331	$	419	$	41,750
Total interest expense	2,874		—		2,874
Provision for loan losses	729		—		729
Net interest income, after provision for loan losses	37,728		419		38,147
Non-interest income	11,710		3,376		15,086
Total income before non-interest expense	49,438		3,795		53,233
Depreciation and amortization expense	1,070		24		1,094
All other non-interest expense	34,431		4,416		38,847
Income before income taxes	$	13,937	$	(645)	$	13,292

Goodwill	$	30,400	$	—	$	30,400
Total assets	2,513,170		28,323		2,541,493