Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Summary of Segment Information

Segment information as of and for the three months ended March 31, 2022 follows:

	For the Three Months Ended March 31, 2022
	Envision Bank			Envision Mortgage			Consolidated Total
	(in thousands)
Net interest income	$	5,011		$	256		$	5,267
Provision  for loan losses		71			—			71
Net interest income after provision for loan losses		4,940			256			5,196
Non-interest income:
Customer service fees		355			10			365
Gain on loan origination and sale activities, net (1)		—			1,991			1,991
Mortgage servicing fees, net		(205	)		553			348
Other		99			116			215
Total non-interest income		249			2,670			2,919
Non-interest expenses:
Salaries and employee benefits		1,935			3,219			5,154
Occupancy and equipment		512			(147	)		365
Other non-interest expenses		1,911			1,276			3,187
Total non-interest expenses		4,358			4,348			8,706
Income (loss) before income taxes and elimination of inter-segment profit	$	831		$	(1,422	)		(591	)
Elimination of inter-segment profit								(727	)
Income (loss) before income taxes (benefit)								(1,318	)
Income tax expense (benefit)								(1,083	)
Net income (loss)							$	(235	)
Total assets, March 31, 2022	$	702,326		$	67,958		$	770,284

(1) Before elimination of inter-segment profit.   

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.