SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2024

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, 2024	Wealth Management		Mortgage		Consolidated
Income Statement
Total interest income	$	37,711	$	343	$	38,054
Total interest expense	22,276		—		22,276
Provision for credit losses	2,334		—		2,334
Net interest income, after provision for credit losses	13,101		343		13,444
Non-interest income	5,141		1,831		6,972
Total income before non-interest expense	18,242		2,174		20,416
Depreciation and amortization expense	623		9		632
All other non-interest expense	16,974		1,395		18,369
Income before income taxes	$	645	$	770	$	1,415

Goodwill	$	30,400	$	—	$	30,400
Total assets	$	2,908,654	$	28,901	$	2,937,555


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 six months ended June 30, 2024	Wealth Management		Mortgage		Consolidated
Income Statement
Total interest income	$	75,995	$	457	$	76,452
Total interest expense	44,604		—		44,604
Provision for credit losses	2,406		—		2,406
Net interest income, after provision for credit losses	28,985		457		29,442
Non-interest income	11,147		3,102		14,249
Total income before non-interest expense	40,132		3,559		43,691
Depreciation and amortization expense	1,239		17		1,256
All other non-interest expense	34,851		2,590		37,441
Income before income taxes	$	4,042	$	952	$	4,994

Goodwill	$	30,400	$	—	$	30,400
Total assets	$	2,908,654	$	28,901	$	2,937,555


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 (loss) before income taxes	$	8,184	$	(988)	$	7,196

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