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SEGMENT REPORTING
6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company has two reportable segments, which consist of Wealth Management and Mortgage. The chief operating decision maker (CODM) is the Chief Executive Officer. The measure of profit or loss used by the CODM to identify and measure the Company’s reportable segments is income before income tax. The CODM uses income before income tax to determine resource allocation during the annual budget and forecast process and to monitor monthly budgeted versus actual results in assessing performance of the segments.
The Wealth Management segment consists of operations relative to the Company’s fully integrated wealth management products and services. Services provided include deposit, loan, insurance, and trust and investment management advisory products and services. Parent company activity primarily consists of subordinated debt interest expense and is included within Wealth Management as management evaluates and makes business decisions for Wealth Management, including the parent company, collectively as one segment.
The Mortgage segment consists of operations relative to the Company’s residential mortgage service offerings. Mortgage products and services are financial in nature for which premiums are recognized net of expenses, upon the sale of mortgage loans to third parties.
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, 2026Wealth
Management
MortgageConsolidated
Income Statement
Total interest income$41,538 $315 $41,853 
Total interest expense20,089 — 20,089 
Release of credit losses(469)— (469)
Net interest income, after provision for credit losses21,918 315 22,233 
Net (loss) gain on mortgage loans(13)919 906 
All other non-interest income(1)
5,474 5,479 
Total income before non-interest expense27,379 1,239 28,618 
Salaries and employee benefits expense11,915 1,119 13,034 
Depreciation and amortization expense649 653 
All other non-interest expense(2)
7,118 412 7,530 
Income (loss) before income taxes$7,697 $(296)$7,401 
Goodwill$30,400 $— $30,400 
Total assets$3,211,542 $26,464 $3,238,006 
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(1)All other non-interest income for Wealth Management primarily includes Trust and investment management fees, Bank fees, Insurance fees, and Other.
(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 Data processing, Occupancy and equipment, and Other.
As of or for the three months ended June 30, 2025Wealth
Management
MortgageConsolidated
Income Statement
Total interest income$37,190 $310 $37,500 
Total interest expense19,616 — 19,616 
Provision for credit losses1,773 — 1,773 
Net interest income, after provision for credit losses15,801 310 16,111 
Net (loss) gain on mortgage loans(42)1,229 1,187 
All other non-interest income(1)
5,118 — 5,118 
Total income before non-interest expense20,877 1,539 22,416 
Salaries and employee benefits expense10,126 893 11,019 
Depreciation and amortization expense688 693 
All other non-interest expense(2)
7,004 383 7,387 
Income before income taxes$3,059 $258 $3,317 
Goodwill$30,400 $— $30,400 
Total assets $3,000,682 $26,115 $3,026,797 
______________________________________
(1)All other non-interest income for Wealth Management primarily includes Trust and investment management fees, Bank fees, and Other.
(2)All other non-interest expense for Wealth Management primarily includes Occupancy and equipment, Professional services, Data processing, Technology and information systems, and Other. All other non-interest expense for Mortgage primarily includes Data processing, Occupancy and equipment, and Other.
As of or for the six months ended June 30, 2026Wealth
Management
MortgageConsolidated
Income Statement
Total interest income$82,239 $719 $82,958 
Total interest expense40,311 — 40,311 
Release of credit losses(1,197)— (1,197)
Net interest income, after release of credit losses43,125 719 43,844 
Net (loss) gain on mortgage loans(21)2,385 2,364 
All other non-interest income(1)
10,672 10,677 
Total income before non-interest expense53,776 3,109 56,885 
Salaries and employee benefits expense23,654 2,315 25,969 
Depreciation and amortization expense1,284 1,293 
All other non-interest expense(2)
13,299 820 14,119 
Income (loss) before income taxes$15,539 $(35)$15,504 
Goodwill$30,400 $— $30,400 
Total assets3,211,542 26,464 3,238,006 
______________________________________
(1)All other non-interest income for Wealth Management primarily includes Trust and investment management fees, Bank fees, Risk management and Insurance fees, and Income on company-owned life insurance.
(2)All other non-interest expense for Wealth Management primarily includes Occupancy and equipment, Professional services, Data processing, Technology and information systems, and Other. All other non-interest expense for Mortgage primarily includes Data processing, Occupancy and equipment, and Other.
As of or for the six months ended June 30, 2025Wealth
Management
MortgageConsolidated
Income Statement
Total interest income$74,216 $493 $74,709 
Total interest expense39,372 — 39,372 
Provision for credit losses1,853 — 1,853 
Net interest income, after provision for credit losses32,991 493 33,484 
Net (loss) gain on mortgage loans(57)2,311 2,254 
All other non-interest income(1)
11,396 — 11,396 
Total income before non-interest expense44,330 2,804 47,134 
Salaries and employee benefits expense20,761 1,738 22,499 
Depreciation and amortization expense1,355 10 1,365 
All other non-interest expense(2)
13,819 777 14,596 
Income before income taxes$8,395 $279 $8,674 
Goodwill$30,400 $— $30,400 
Total assets 3,000,682 26,115 3,026,797 
______________________________________
(1)All other non-interest income for Wealth Management primarily includes Trust and investment management fees, Bank 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, Data processing, Technology and information systems, and Other. All other non-interest expense for Mortgage primarily includes Data processing, Occupancy and equipment, and Other.