SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2025

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, 2025	Wealth Management		Mortgage		Consolidated
Income Statement
Total interest and dividend income	$	37,026	$	183	$	37,209
Total interest expense	19,756		—		19,756
Provision for credit losses	80		—		80
Net interest income, after provision for credit losses	17,190		183		17,373
Net gain on mortgage loans	—		1,067		1,067
All other non-interest income(1)	6,278		—		6,278
Total income before non-interest expense	23,468		1,250		24,718
Salaries and employee benefits expense	10,635		845		11,480
Depreciation and amortization expense	667		5		672
All other non-interest expense(2)	6,815		394		7,209
Income before income taxes	$	5,351	$	6	$	5,357

Goodwill	$	30,400	$	—	$	30,400
Total assets	$	2,893,676	$	12,624	$	2,906,300

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(1) All other non-interest income for Wealth Management primarily includes Trust and investment management fees, Bank fees, Risk management and insurance fees, and Net gain on other real estate owned.

(2) All other non-interest expense for Wealth Management primarily includes Occupancy and equipment, Professional services, Technology and information systems, Data processing, and Other. All other non-interest expense for Mortgage primarily includes Occupancy and equipment, Data processing, and Other.


As of or for the three months ended March 31, 2024	Wealth Management		Mortgage		Consolidated
Income Statement
Total interest and dividend income	$	38,284	$	114	$	38,398
Total interest expense	22,328		—		22,328
Provision for credit losses	72		—		72
Net interest income, after provision for credit losses	15,884		114		15,998
Net gain on mortgage loans	—		1,264		1,264
All other non-interest income(1)	6,013		—		6,013
Total income before non-interest expense	21,897		1,378		23,275
Salaries and employee benefits expense	10,402		865		11,267
Depreciation and amortization expense	617		8		625
All other non-interest expense(2)	7,474		330		7,804
Income before income taxes	$	3,404	$	175	$	3,579

Goodwill	$	30,400	$	—	$	30,400
Total assets	$	2,919,912	$	12,305	$	2,932,217

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(1) All other non-interest income for Wealth Management primarily includes Trust and investment management fees, Bank fees, and Net loss on loans accounted for under the fair value option.