Segment Information

6 Months Ended

Jun. 30, 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 the 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 determination of allocating resources. The chief operating decision maker uses revenue streams to evaluate products pricing and significant expenses to assess performance and return on assets. The chief operating decision maker uses consolidated net income to benchmark to Company against its competitors. The benchmarking analysis is 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 operations.

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 financials.

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
(In thousands)	2025		2024		2025		2024
Interest Income	$	39,326	$	39,449	$	79,468	$	78,224
Reconciliation of revenue
Other revenues		2,933		1,858		16,190		3,587
Total consolidated revenues	$	42,259	$	41,307	$	95,658	$	81,811
Interest Expense		14,377		14,965		28,688		28,856
Segment net interest income and noninterest income	$	27,882	$	26,342	$	66,970	$	52,955
Provision for credit losses		344		—		572		40
Salaries and employee benefits		10,252		9,941		21,408		21,059
Other Expenses		9,899		10,597		22,260		20,326
Consolidated net income	$	7,387	$	5,804	$	22,730	$	11,530
Other segment disclosures
Gain on sale of branches	$	—	$	—	$	11,093	$	—
Interest income	$	39,326	$	39,449	$	79,468	$	78,224
Interest expense	$	14,377	$	14,965	$	28,688	$	28,856
Depreciation	$	406	$	514	$	823	$	1,012
Amortization of intangible assets	$	1,083	$	1,204	$	2,167	$	2,411
Other significant noncash items:
Provision for credit loss	$	344	$	—	$	572	$	40

Total consolidated assets were $2.89 billion and $2.88 billion at June 30, 2025 and December 31, 2024, respectively.