Note 13 - Segment and Related Information

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note 13 – Segment and Related Information

The Company has two reportable segments, community banking and wealth management.

Community banking involves making loans to and generating deposits from individuals and businesses. Investment income from securities is also allocated to the community banking segment. Loan fee income, service charges from deposit accounts, and non-deposit fees such as automated teller machine fees and insurance commissions generate additional income for the community banking segment.

Wealth management includes estate planning, trust account administration, investment management, and retail brokerage. Investment management services include purchasing equity, fixed income, and mutual fund investments for customer accounts. The wealth management segment receives fees for investment and administrative services.

Segment information as of and for the three and nine months ended September 30, 2022 and 2021is shown in the following tables (dollars in thousands):

	As of and For the Three Months Ended September 30, 2022
	Community Banking		Wealth Management		Total
Interest income	$	25,151	$	—	$	25,151
Interest expense		1,144		—		1,144
Noninterest income		3,157		1,603		4,760
Noninterest expense		15,681		767		16,448
Income before income taxes		10,868		836		11,704
Net income		8,595		661		9,256
Depreciation and amortization		874		3		877
Total assets		3,049,079		241		3,049,320
Goodwill		85,048		—		85,048
Capital expenditures		894		—		894

	As of and For the Three Months Ended September 30, 2021
	Community Banking		Wealth Management		Total
Interest income	$	24,277	$	—	$	24,277
Interest expense		1,184		—		1,184
Noninterest income		3,547		1,576		5,123
Noninterest expense		14,164		679		14,843
Income before income taxes		12,080		811		12,891
Net income		9,537		641		10,178
Depreciation and amortization		929		3		932
Total assets		3,288,849		214		3,289,063
Goodwill		85,048		—		85,048
Capital expenditures		454		—		454

	As of and For the Nine Months Ended September 30, 2022
	Community Banking		Trust and Investment Services		Total
Interest income	$	69,088	$	—	$	69,088
Interest expense		3,138		—		3,138
Noninterest income		10,198		4,999		15,197
Noninterest expense		45,088		2,164		47,252
Income before income taxes		30,621		2,836		33,457
Net income		24,158		2,237		26,395
Depreciation and amortization		2,639		8		2,647
Total assets		3,049,079		241		3,049,320
Goodwill		85,048		—		85,048
Capital expenditures		894		—		894

	As of and For the Nine Months Ended September 30, 2021
	Community Banking		Trust and Investment Services		Total
Interest income	$	71,648	$	—	$	71,648
Interest expense		4,361		—	$	4,361
Noninterest income		11,697		4,490	$	16,187
Noninterest expense		41,529		2,016	$	43,545
Income before income taxes		38,326		2,473	$	40,799
Net income		30,278		1,955	$	32,233
Depreciation and amortization		2,798		9	$	2,807
Total assets		3,288,849		214	$	3,289,063
Goodwill		85,048		—	$	85,048
Capital expenditures		833		—	$	833