Segment Reporting

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Segment Reporting

Note 17. Segment Reporting

The Corporation’s reportable segments are determined by the Chief Operating Officer of the Bank, who is the designated chief operating decision maker (CODM), based upon information provided about the Corporation’s products and services offered primarily between community banking and wealth management segments. The segments are also distinguished by the level of information provided to the CODM, who uses such information to review the performance of various components of the business, which are then aggregated if operating performance, products/services, and customer are similar. The CODM evaluates the financial performance of the Corporation’s business segments by evaluating revenue streams, significant expenses, and budget to actual results to assess the performance of the segments and to determine allocation of resources. This evaluation is also used to assess the performance of each segment to evaluate compensation of certain employees.

Segment pretax profit or loss is used to assess the performance of the community banking segment by monitoring net interest income, fee income and noninterest expense. In this segment, interest income on loans and securities, and banking service fees are the primary source of revenue. Interest expense, the provision for credit losses, and salaries and benefits are the primary expenses.

Segment pretax profit or loss is used to assess the performance of the wealth management segment by monitoring fee income and operating expense, and by assets under management. In this segment, fees from assets under management are the primary source of revenue, while salaries and benefits are the primary expense.

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	For the Three Months Ended						For the Three Months Ended
	March 31, 2025						March 31, 2024
	Reportable Segments						Reportable Segments
(Dollars in thousands)	Wealth		Community Banking		Consolidated Total		Wealth		Community Banking		Consolidated Total
Interest income - loans, including fees	$	—	$	19,864	$	19,864	$	—	$	17,222	$	17,222
Interest income - investments		—		5,286		5,286		—		4,231		4,233
Interest income - interest-earning deposits in other banks		—		1,908		1,908		—		2,354		2,354
Wealth fee income		2,215		—		2,215		2,026		—		2,026
Total segment income	$	2,215	$	27,058	$	29,273	$	2,026	$	23,807	$	25,835
Reconciliation of revenue
Other revenue - not allocated to a segment						2,347						2,162
Total consolidated revenue					$	31,620					$	27,997
Less:
Interest expense - deposits	$	—	$	9,030	$	9,030	$	—	$	6,504	$	6,504
Interest expense - other borrowings		—		2,158		2,422		—		3,488		3,752
Provision for credit losses		—		779		779		—		452		452
Salary and benefit expense		1,022		7,484		8,506		947		6,780		7,727
Segment profit	$	1,022	$	19,451	$	20,737	$	947	$	17,224	$	18,435
Other expenses - not allocated to a segment						6,071						5,557
Income before taxes					$	4,812					$	4,005
Other segment disclosures
Net occupancy	$	138	$	1,087	$	1,225	$	131	$	1,051	$	1,182
Data processing	$	45	$	1,512	$	1,557	$	59	$	1,364	$	1,423
Total assets for reportable segments	$	1,497	$	2,257,354	$	2,257,478	$	1,590	$	2,010,353	$	2,011,614