Segment Information

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Segment Information

12.Segment Information

The Company has two reportable segments: traditional banking and mortgage banking. Revenues from traditional banking operations consist primarily of interest and fees earned on loans held for investment and securities and fees from deposit services. Mortgage banking operating revenues consist principally of interest earned on mortgage loans held for sale, gains on sales of loans in the secondary mortgage market, and mortgage loan origination fee income. Segment performance is primarily evaluated, by the chief operating decision maker (“CODM”), using operating revenue. The Company has identified the Chief Financial Officer as the CODM. Income taxes are allocated, and material indirect expenses are allocated by volume. Mortgage banking is an internal division of Fidelity Bank and not a separate legal entity. Information reported internally for performance assessment follows for the six months ended June 30, 2025 and June 30, 2024.

			Mortgage			Total
	Banking		Banking			Segments
June 30, 2025
Net Interest income	$	24,745	$	1,246		$	25,991
Gain on sale of mortgage loans		—		7,293			7,293
Other revenue		1,776		254			2,030
Total operating revenue	$	26,521	$	8,793		$	35,314
Salaries and employee benefits	$	12,389	$	7,106		$	19,495
Mortgage servicing rights amortization		—		194			194
Hedging activity, net		—		671			671
Provision for credit losses and other expenses		10,005		2,973			12,978
Income tax expense (benefit)		842		(450	)		392
Total expenses	$	23,236	$	10,494		$	33,730
Segment profit (loss)	$	3,285	$	(1,701	)	$	1,584
Supplemental disclosures:
Segment assets	$	1,214,587	$	32,051		$	1,246,638
Depreciation and amortization	$	1,177	$	301		$	1,478
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
Supplemental disclosures:
Segment assets	$	1,117,949	$	53,580		$	1,171,529
Depreciation and amortization	$	1,174	$	412		$	1,586