XML 47 R36.htm IDEA: XBRL DOCUMENT v3.21.1
SEGMENT REPORTING (Tables)
3 Months Ended
Mar. 31, 2021
SEGMENT REPORTING  
Schedule of segment data

The tables below present the financial information for each segment that is specifically identifiable or based on allocations using internal methods as of and for the three months ended March 31, 2021 and 2020 (in thousands):

As of and for the three months ended March 31, 2021

Wealth
Management

Mortgage

Consolidated

Income Statement

Total interest income

 

$

14,499

 

$

 

$

14,499

Total interest expense

1,446

1,446

Provision for loan losses

Net interest income, after provision for loan losses

13,053

13,053

Non-interest income

5,418

5,197

10,615

Total income

18,471

5,197

23,668

Depreciation and amortization expense

258

 

14

 

272

All other non-interest expense

12,296

3,061

15,357

Income before income tax

$

5,917

$

2,122

$

8,039

Goodwill

$

24,191

 

$

 

$

24,191

Total assets

$

2,025,720

 

$

185,858

 

$

2,211,578

As of and for the three months ended March 31, 2020

Wealth
Management

Mortgage

 

Consolidated

Income Statement

 

Total interest income

 

$

11,512

$

 

$

11,512

Total interest expense

2,581

 

2,581

Provision for loan losses

367

 

367

Net interest income, after provision for loan losses

8,564

 

8,564

Non-interest income

5,263

2,504

 

7,767

Total income

13,827

2,504

 

16,331

Depreciation and amortization expense

256

20

 

276

All other non-interest expense

12,601

(1)

1,770

 

14,371

Income before income tax

$

970

$

714

 

$

1,684

 

Goodwill

$

19,686

$

 

$

19,686

Assets held for sale

3,000

3,000

Total assets

$

1,289,762

$

64,101

 

$

1,353,863

______________________________________

(1) Includes loss on assets held for sale of $0.6 million.