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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Schedule of segment reporting information

Segment information for the years ended December 31, 2021 and 2020 is shown in the following tables. Note that asset information is not reported below, as the assets of Sturman Wealth Advisors and VNB Trust & Estate Services are reported at the Bank level; also, assets specifically allocated to the lines of business other than the Bank are insignificant and are no longer provided to the chief operating decision maker.

 

2021
(Dollars in thousands)

 

Bank

 

 

Sturman
Wealth
Advisors

 

 

VNB Trust &
Estate
Services

 

 

Masonry
Capital

 

 

Consolidated

 

Net interest income

 

$

44,988

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

44,988

 

Provision for loan losses

 

 

1,014

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,014

 

Noninterest income

 

 

5,704

 

 

 

1,213

 

 

 

1,969

 

 

 

1,579

 

 

 

10,465

 

Noninterest expense

 

 

39,164

 

 

 

725

 

 

 

1,764

 

 

 

869

 

 

 

42,522

 

Income before income taxes

 

 

10,514

 

 

 

488

 

 

 

205

 

 

 

710

 

 

 

11,917

 

Provision for income taxes

 

 

1,550

 

 

 

104

 

 

 

43

 

 

 

149

 

 

 

1,846

 

Net income

 

$

8,964

 

 

$

384

 

 

$

162

 

 

$

561

 

 

$

10,071

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020
(Dollars in thousands)

 

Bank

 

 

Sturman
Wealth
Advisors

 

 

VNB Trust &
Estate
Services

 

 

Masonry
Capital

 

 

Consolidated

 

Net interest income

 

$

23,879

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

23,879

 

Provision for loan losses

 

 

1,622

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,622

 

Noninterest income

 

 

4,629

 

 

 

700

 

 

 

825

 

 

 

411

 

 

 

6,565

 

Noninterest expense

 

 

16,492

 

 

 

639

 

 

 

891

 

 

 

757

 

 

 

18,779

 

Income before income taxes

 

 

10,394

 

 

 

61

 

 

 

(66

)

 

 

(346

)

 

 

10,043

 

Provision for income taxes

 

 

2,138

 

 

 

13

 

 

 

(14

)

 

 

(72

)

 

 

2,065

 

Net income (loss)

 

$

8,256

 

 

$

48

 

 

$

(52

)

 

$

(274

)

 

$

7,978