SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023 and 2022 (dollars in thousands):


As of and for the year ended December 31, 2023	Wealth Management		Mortgage		Consolidated
Income Statement
Total interest and dividend income	$	144,837	$	721	$	145,558
Total interest expense	74,453		—		74,453
Provision for credit losses	10,355		—		10,355
Net interest income, after provision for credit losses	60,029		721		60,750
Non-interest income	19,053		2,895		21,948
Total income before non-interest expense	79,082		3,616		82,698
Depreciation and amortization expense	2,370		33		2,403
All other non-interest expense	67,121		6,113		73,234
Income before income taxes	$	9,591	$	(2,530)	$	7,061

Goodwill	$	30,400	$	—	$	30,400
Total assets	2,966,612		8,850		2,975,462


As of and for the year ended December 31, 2022	Wealth Management		Mortgage		Consolidated
Income Statement
Total interest and dividend income	$	100,474	$	722	$	101,196
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		722		80,244
Non-interest income	22,760		4,930		27,690
Total income before non-interest expense	102,282		5,652		107,934
Depreciation and amortization expense	2,193		42		2,235
All other non-interest expense	68,821		8,050		76,871
Income before income taxes	$	31,268	$	(2,440)	$	28,828

Goodwill	$	30,400	$	—	$	30,400
Total assets	2,856,708		10,040		2,866,748