Segment Reporting

9 Months Ended

Sep. 30, 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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The following table presents the reportable segments for the periods presented:

	For the Three Months Ended						For the Nine Months Ended
	September 30, 2025						September 30, 2025
	Reportable Segments						Reportable Segments
(Dollars in thousands)	Wealth		Community Banking		Consolidated Total		Wealth		Community Banking		Consolidated Total
Interest income - loans, including fees	$	—	$	22,923	$	22,923	$	—	$	64,212	$	64,212
Interest income - investments		—		4,804		4,804		—		15,072		15,072
Interest income - interest-earning deposits in other banks		—		1,948		1,948		—		6,049		6,049
Wealth fee income		2,264		—		2,264		6,897		—		6,897
Total segment income	$	2,264	$	29,675	$	31,939	$	6,897	$	85,333	$	92,230
Reconciliation of revenue
Other revenue - not allocated to a segment						2,547						7,578
Total consolidated revenue					$	34,486					$	99,808
Less:
Interest expense - deposits	$	—	$	8,736	$	8,736	$	—	$	26,684	$	26,684
Interest expense - other borrowings		—		2,205		2,746		—		6,544		7,613
Provision for credit losses		—		1,198		1,198		—		2,611		2,611
Salary and benefit expense		1,040		8,093		9,133		3,102		23,401		26,503
Segment profit	$	1,040	$	20,232	$	21,813	$	3,102	$	59,240	$	63,411
Other expenses - not allocated to a segment						6,015						17,611
Income before taxes					$	6,658					$	18,786
Other segment disclosures
Net occupancy	$	107	$	1,124	$	1,231	$	372	$	3,231	$	3,603
Data processing	$	57	$	1,411	$	1,468	$	144	$	4,395	$	4,539
Total assets for reportable segments	$	1,433	$	2,285,702	$	2,297,077	$	1,433	$	2,285,702	$	2,297,077

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