XML 45 R29.htm IDEA: XBRL DOCUMENT v3.25.0.1
SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
 
ASC Topic 280 - Segment Reporting identifies operating segments as components of an enterprise which are evaluated regularly by the Company's Chief Operating Decision Maker, our Chief Executive Officer, in deciding how to allocate resources and assess performance. The Company has applied the aggregation criterion set forth in this codification to the results of its operations. The Company’s operating segments include banking, mortgage banking and small business specialty lending division. The reportable segments are determined by the products and services offered, and internal reporting. The Bank segment derives its revenues from the delivery of full-service financial services, including retail and commercial banking services and deposit accounts. The Mortgage Banking segment derives its revenues from the origination and sales of residential mortgage loans held for sale. The Small Business Specialty Lending Division segment derives its revenue from the origination, sales and servicing of Small Business Administration loans and other government guaranteed loans. Segment performance is evaluated using net interest income and noninterest income. Income taxes are allocated based on income before income taxes, and indirect expenses (includes management fees) are allocated based on various internal factors for each segment. Transactions among segments are made at fair value. The following tables present information reported internally for performance assessment as of December 31, 2024 and 2023:
 December 31, 2024
(dollars in thousands)BankMortgageSmall
Business
Specialty
Lending
Division		Totals
Net Interest Income$71,112 $210 $4,754 $76,076 
Provision for Credit Losses1,558 — 1,492 3,050 
Net Interest Income after Provision for Credit Losses69,554 210 3,262 73,026 
Mortgage Fee Income70 5,978 — 6,048 
Gain on Sale of SBA Loans— — 9,242 9,242 
Other21,642 (1)— 2,443 (2)24,085 
Total Noninterest Income21,712 5,978 11,685 39,375 
Salaries and Employee Benefits37,026 5,731 7,010 49,767 
Other (3)
31,929 45 1,093 33,067 
Total Noninterest Expense68,955 5,776 8,103 82,834 
Income Taxes4,170 102 1,427 5,699 
Net income$18,141 $310 $5,417 $23,868 
Total assets$2,985,856 $17,970 $105,956 $3,109,782 
Full Time Employees3764534455

(1) includes service charges on deposits, loss on sales of securities, interchange fees, BOLI income, insurance commissions and other noninterest income
(2) represents SBA loan related fee income
(3) includes occupancy and equipment, information technology expense, professional fees, advertising and public relations, communications and other noninterest expenses
 December 31, 2023
(dollars in thousands)BankMortgage
Banking		Small
Business
Specialty
Lending
Division		Totals
Net Interest Income$75,464 $109 $2,671 $78,244 
Provision for Credit Losses2,225 — 1,375 3,600 
Net Interest Income after Provision for Credit Losses73,239 109 1,296 74,644 
Mortgage Fee Income(89)6,220 — 6,131 
Gain on Sale of SBA Loans— — 5,063 5,063 
Other22,665 (4)3 1,772 (5)24,440 
Noninterest Income22,576 6,223 6,835 35,634 
Salaries and Employee Benefits36,273 7,005 5,955 49,233 
Other (6)
32,461 (79)1,450 33,832 
Noninterest Expenses68,734 6,926 7,405 83,065 
Income Taxes5,454 (117)129 5,466 
Net income/(loss)$21,627 $(477)$597 $21,747 
Total assets$2,956,121 $7,890 $89,411 $3,053,422 
Full Time Employees3784233453

(4) includes service charges on deposits, interchange fees, BOLI income, insurance commissions and other noninterest income
(5) represents SBA loan related fee income
(6) includes occupancy and equipment, information technology expense, professional fees, advertising and public relations, communications and other noninterest expenses