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Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information 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