Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

Segment information as of and for the three months ended March 31, 2021 follows:

	For the Three Months Ended March 31, 2021
	Envision Bank			Envision Mortgage		Consolidated Total
	(in thousands)
Net interest income	$	4,201		$	890	$	5,091
Provision (credit) for loan losses		(213	)		—		(213	)

Net interest income after provision (credit) for loan losses		4,414			890		5,304

Non-interest income:
Customer service fees		340			27		367
Gain on loan origination and sale activities, net ⁽¹⁾		—			11,674		11,674
Mortgage servicing fees, net		(94	)		873		779
Other		151			133		284
Total non-interest income		397			12,707		13,104

Non-interest expenses:
Salaries and employee benefits		1,802			6,635		8,437
Occupancy and equipment		443			301		744
Other non-interest expenses		1,087			1,683		2,770
Total non-interest expenses		3,332			8,619		11,951

Income before income taxes and elimination of inter-segment profit	$	1,479		$	4,978		6,457

Elimination of inter-segment profit							(681	)
Income before income taxes							5,776

Income tax expense							1,664
Net income						$	4,112

Total assets, March 31, 2021	$	581,954		$	156,234	$	738,188

(1)

Before elimination of inter-segment profit.

Segment information as of and for the three and three months ended March 31, 2020 follows:

	For the Three Months Ended March 31, 2020
	Envision Bank			Envision Mortgage			Consolidated Total
	(in thousands)
Net interest income	$	3,994		$	431		$	4,425
Provision for loan losses		724			—			724

Net interest income after provision for loan losses		3,270			431			3,701

Non-interest income:
Customer service fees		273			33			306
Gain on loan origination and sale activities, net ⁽¹⁾		—			7,472			7,472
Mortgage servicing fees, net		(87	)		(1,167	)		(1,254	)
Other		140			115			255
Total non-interest income		326			6,453			6,779

Non-interest expenses:
Salaries and employee benefits		3,098			5,028			8,126
Occupancy and equipment		404			294			698
Other non-interest expenses		1,146			989			2,135
Total non-interest expenses		4,648			6,311			10,959

Income (loss) before income taxes and elimination of inter-segment profit	$	(1,052	)	$	573			(479	)

Elimination of inter-segment profit								(328	)
Loss before income taxes								(807	)

Income tax benefit								11
Net loss							$	(818	)

Total assets, March 31, 2020	$	543,586		$	109,300		$	652,886

(1)

Before elimination of inter-segment profit.

(2)

Salaries and benefits include the severance and vested stock acceleration costs related to the retirement of the Chief Executive Officer and Chief Financial Officer of the Bank. The cost of this event was $1.38 million, of which $1.03 million was allocated to the Bank segment and the remainder, $344,000, was allocated to the mortgage segment.