Segment Information

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Segment Information

13. SEGMENT INFORMATION

The Company's reportable segment is determined by the Chief Executive Officer who is the designated chief operating decision

maker, based upon information about the Company's banking products and services offered. The segment is also distinguished

by the level of information provided to the chief operating decision maker, who uses such information to review performance of

various components of the business, such as branches and products offered, which are then aggregated if operating performance,

products and services, and customers are similar. The chief operating decision maker will evaluate the financial performance of

the Company's business components by evaluating revenue streams, significant expenses, and budget to actual results in

assessing the Company's reportable segment and in the determination of allocating resources. The chief operating decision

maker uses revenue streams to evaluate product pricing and significant expenses to assess performance and return on assets. The

chief operating decision maker uses consolidated net income to benchmark the Company against its competitors. The

benchmarking analysis coupled with the monitoring of budget to actual results are used in assessment performance and in

establishing compensation. Interest income on loans and investments primarily provide the revenues in the banking segment.

Interest expense on deposits and borrowings, provisions for credit losses, and payroll provide significant expenses in the

banking operation.

Accounting policies for segments are the same as those described in Note 1. Segment performance is evaluated using

consolidated net income. Information reported internally for performance assessment by the chief operating decision maker

follows, inclusive of reconciliations of segment totals to the financial statements.

	For the Three Months Ended March 31,
(In thousands)	2025		2024
Interest Income	$	40,142	$	38,775
Reconciliation of revenue
Other revenues		13,257		1,729
Total consolidated revenues	$	53,399	$	40,504
Interest Expense		14,311		13,891
Segment net interest income and noninterest income	$	39,088	$	26,613
Provision for credit losses		228		40
Salaries and employee benefits		11,156		11,118
Other Expenses		12,361		9,729
Consolidated net income (loss)	$	15,343	$	5,726
Other segment disclosures
Gain on sale of branches	$	11,093	$	—
Interest income	$	40,142	$	38,775
Interest expense	$	14,311	$	13,891
Depreciation	$	417	$	498
Amortization of intangible assets	$	1,084	$	1,207
Other significant noncash items:
Provision for credit loss	$	228	$	40

Total consolidated assets were $2.86 billion and $2.88 billion at March 31, 2025 and December 31, 2024, respectively.