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Segment Information (Tables)
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information Information reported internally for performance assessment follows for the six months ended June 30, 2024 and June 30, 2023:

 

 

 

 

 

 

Mortgage

 

 

Total

 

 

 

Banking

 

 

Banking

 

 

Segments

 

June 30, 2024

 

 

 

 

 

 

 

 

 

Net Interest income

 

$

20,179

 

 

$

1,639

 

 

$

21,818

 

Gain on sale of mortgage loans

 

 

 

 

 

6,766

 

 

 

6,766

 

Other revenue

 

 

2,245

 

 

 

2,963

 

 

 

5,208

 

Total operating revenue

 

$

22,424

 

 

$

11,368

 

 

$

33,792

 

Salaries and employee benefits

 

$

11,664

 

 

$

8,806

 

 

$

20,470

 

Mortgage servicing rights amortization

 

 

 

 

 

304

 

 

 

304

 

Hedging activity, net

 

 

 

 

 

(131

)

 

 

(131

)

Provision for credit losses and other expenses

 

 

9,814

 

 

 

3,280

 

 

 

13,094

 

Income tax expense (benefit)

 

 

174

 

 

 

(161

)

 

 

13

 

Total expenses

 

$

21,652

 

 

$

12,098

 

 

$

33,750

 

Segment profit (loss)

 

$

772

 

 

$

(730

)

 

$

42

 

Segment assets

 

$

1,117,949

 

 

$

53,580

 

 

$

1,171,529

 

 

 

 

 

 

 

 

 

 

 

June 30, 2023

 

 

 

 

 

 

 

 

 

Net Interest income

 

$

20,211

 

 

$

2,094

 

 

$

22,305

 

Gain on sale of mortgage loans

 

 

 

 

 

6,726

 

 

 

6,726

 

Other revenue

 

 

2,238

 

 

 

1,774

 

 

 

4,012

 

Total operating revenue

 

$

22,449

 

 

$

10,594

 

 

$

33,043

 

Salaries and employee benefits

 

$

10,345

 

 

$

10,665

 

 

$

21,010

 

Mortgage servicing rights amortization

 

 

 

 

 

1,059

 

 

 

1,059

 

Hedging activity, net

 

 

 

 

 

(5

)

 

 

(5

)

Other expenses

 

 

7,888

 

 

 

3,386

 

 

 

11,274

 

Income tax expense (benefit)

 

 

774

 

 

 

(960

)

 

 

(186

)

Total expenses

 

$

19,007

 

 

$

14,145

 

 

$

33,152

 

Segment profit (loss)

 

$

3,442

 

 

$

(3,551

)

 

$

(109

)

Segment assets

 

$

1,019,178

 

 

$

52,045

 

 

$

1,071,223