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Business Segments (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

 

 

At or For the Year Ended December 31, 2019

 

    

Home Lending

    

Commercial and Consumer Banking

    

Total

Condensed income statement:

 

 

 

 

 

 

 

 

 

Net interest income (1)

 

$

6,307

 

$

64,001

 

$

70,308

Provision for loan losses (2)

 

 

(433)

 

 

(2,447)

 

 

(2,880)

Noninterest income

 

 

13,209

 

 

9,826

 

 

23,035

Noninterest expense

 

 

(14,283)

 

 

(48,050)

 

 

(62,333)

Income before provision for income taxes

 

 

4,800

 

 

23,330

 

 

28,130

Provision for income taxes

 

 

(924)

 

 

(4,489)

 

 

(5,413)

Net income

 

$

3,876

 

$

18,841

 

$

22,717

Total assets

 

$

312,404

 

$

1,400,652

 

$

1,713,056

Total average assets for year ended

 

$

272,901

 

$

1,377,468

 

$

1,650,369

FTEs

 

 

127

 

 

325

 

 

452

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At or For the Year Ended December 31, 2018

 

    

Home Lending

    

Commercial and Consumer Banking

    

Total

Condensed income statement:

 

 

 

 

 

 

 

 

 

Net interest income (1)

 

$

3,324

 

$

48,774

 

$

52,098

Provision for loan losses

 

 

(224)

 

 

(1,316)

 

 

(1,540)

Noninterest income (3)

 

 

14,025

 

 

12,825

 

 

26,850

Noninterest expense

 

 

(15,894)

 

 

(32,944)

 

 

(48,838)

Income before provision for income taxes

 

 

1,231

 

 

27,339

 

 

28,570

Provision for income taxes

 

 

(182)

 

 

(4,041)

 

 

(4,223)

Net income

 

$

1,049

 

$

23,298

 

$

24,347

Total assets

 

$

246,280

 

$

1,375,364

 

$

1,621,644

Total average assets for year ended

 

$

229,661

 

$

945,052

 

$

1,174,713

FTEs

 

 

115

 

 

309

 

 

424

___________________________

(1) Net interest income is the difference between interest earned on assets and the cost of liabilities to fund those assets. Interest earned includes actual interest earned on segment assets and, if the segment has excess liabilities, interest credits for providing funding to the other segment. The cost of liabilities includes interest expense on segment liabilities and, if the segment does not have enough liabilities to fund its assets, a funding charge based on the cost of assigned liabilities to fund segment assets.

(2) The allocated provision for loan losses is partially associated with one-to-four-family, and home equity loans acquired from Anchor Bank totaling $198.5 million at December 31, 2019.

(3) Bargain purchase gain of $7.4 million was included in the commercial and consumer banking segment.