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SEGMENT REPORTING (Tables)
3 Months Ended
Mar. 31, 2022
SEGMENT REPORTING  
Schedule of segment data

The following presents the financial information for each segment that is specifically identifiable or based on allocations using internal methods as of or for the three months ended March 31, 2022 and 2021 (dollars in thousands):

As of or for the three months ended March 31, 2022

Wealth
Management

Mortgage

Consolidated

Income Statement

Total interest income

 

$

19,665

 

$

 

$

19,665

Total interest expense

1,381

1,381

Provision for loan losses

210

210

Net interest income, after provision for loan losses

18,074

18,074

Non-interest income

6,115

2,518

8,633

Total income before non-interest expense

24,189

2,518

26,707

Depreciation and amortization expense

548

 

12

 

560

Net (gain)/loss on assets held for sale

(1)

(1)

All other non-interest expense

16,631

2,201

18,832

Income before income taxes

$

7,011

$

305

$

7,316

Goodwill

$

30,400

 

$

 

$

30,400

Total assets

2,539,473

 

37,188

 

2,576,661

As of or 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 before non-interest expense

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 taxes

$

5,917

$

2,122

 

$

8,039

 

Goodwill

$

24,191

$

 

$

24,191

Total assets

2,025,720

185,858

 

2,211,578