Segment Information

9 Months Ended

Sep. 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 nine months ended September 30, 2025 and September 30, 2024.

			Mortgage			Total
	Banking		Banking			Segments
September 30, 2025
Net Interest income	$	37,426	$	2,151		$	39,577
Gain on sale of mortgage loans		—		11,301			11,301
Other revenue		2,787		384			3,171
Total operating revenue	$	40,213	$	13,836		$	54,049
Salaries and employee benefits	$	18,859	$	10,813		$	29,672
Mortgage servicing rights amortization		—		290			290
Hedging activity, net		—		948			948
Provision for credit losses and other expenses		15,396		4,431			19,827
Income tax expense (benefit)		1,215		(567	)		648
Total expenses	$	35,470	$	15,915		$	51,385
Segment profit (loss)	$	4,743	$	(2,079	)	$	2,664
Supplemental disclosures:
Segment assets	$	1,216,709	$	47,432		$	1,264,141
Depreciation and amortization	$	1,814	$	437		$	2,251
September 30, 2024
Net Interest income	$	30,841	$	2,400		$	33,241
Gain on sale of mortgage loans		—		10,706			10,706
Other revenue		3,284		3,357			6,641
Total operating revenue	$	34,125	$	16,463		$	50,588
Salaries and employee benefits	$	17,952	$	13,263		$	31,215
Mortgage servicing rights amortization		—		397			397
Hedging activity, net		—		581			581
Provision for credit losses and other expenses		14,579		4,903			19,482
Income tax expense (benefit)		299		(533	)		(234	)
Total expenses	$	32,830	$	18,611		$	51,441
Segment profit (loss)	$	1,295	$	(2,148	)	$	(853	)
Supplemental disclosures:
Segment assets	$	1,354,288	$	53,392		$	1,407,680
Depreciation and amortization	$	1,739	$	557		$	2,296

Information reported internally for performance assessment follows for the three months ended September 30, 2025 and September 30, 2024.

			Mortgage			Total
	Banking		Banking			Segments
September 30, 2025
Net Interest income	$	12,681	$	905		$	13,586
Gain on sale of mortgage loans		—		4,008			4,008
Other revenue		1,011		130			1,141
Total operating revenue	$	13,692	$	5,043		$	18,735
Salaries and employee benefits	$	6,470	$	3,707		$	10,177
Mortgage servicing rights amortization		—		96			96
Hedging activity, net		—		277			277
Provision for credit losses and other expenses		5,391		1,458			6,849
Income tax expense (benefit)		373		(117	)		256
Total expenses	$	12,234	$	5,421		$	17,655
Segment profit (loss)	$	1,458	$	(378	)	$	1,080
Supplemental disclosures:
Segment assets	$	1,216,709	$	47,432		$	1,264,141
Depreciation and amortization	$	613	$	160		$	773
September 30, 2024
Net Interest income	$	10,662	$	761		$	11,423
Gain on sale of mortgage loans		—		3,939			3,939
Other revenue		1,039		394			1,433
Total operating revenue	$	11,701	$	5,094		$	16,795
Salaries and employee benefits	$	6,287	$	4,458		$	10,745
Mortgage servicing rights amortization		—		94			94
Hedging activity, net		—		712			712
Provision for credit losses and other expenses		4,766		1,620			6,386
Income tax expense (benefit)		125		(372	)		(247	)
Total expenses	$	11,178	$	6,512		$	17,690
Segment profit (loss)	$	523	$	(1,418	)	$	(895	)
Supplemental disclosures:
Segment assets	$	1,354,288	$	53,392		$	1,407,680
Depreciation and amortization	$	565	$	145		$	710