Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting

Schedule of Segments

Information for the operating segments for the nine- and three-month periods ended September 30, 2024 and 2023 are presented in the following tables:

		Nine Months Ended
		September 30, 2024
				Trust and
		Community		Investment
(in thousands)		Banking		Services		Total
Interest income	$	68,268	$	-	$	68,268
Interest expense		23,990		-		23,990
Credit loss expense		2,404		-		2,404
Non-interest income		6,844		7,925		14,769
Non-interest expense		33,663		3,896		37,559
Income before income taxes and intercompany fees		15,055		4,029		19,084
Intercompany management fee income (expense)		9		(9)		-
Income before income taxes		15,064		4,020		19,084
Income tax expense		3,857		844		4,701
Net income	$	11,207	$	3,176	$	14,383
		Nine Months Ended
		September 30, 2023
				Trust and
		Community		Investment
(in thousands)		Banking		Services		Total
Interest income	$	58,965	$	-	$	58,965
Interest expense		16,289		-		16,289
Credit loss expense		1,201		-		1,201
Non-interest income		6,927		6,933		13,860
Non-interest expense		34,070		3,864		37,934
Income before income taxes and intercompany fees		14,332		3,069		17,401
Intercompany management fee income (expense)		9		(9)		-
Income before income taxes		14,341		3,060		17,401
Income tax expense		3,456		643		4,099
Net income	$	10,885	$	2,417	$	13,302

		Three Months Ended
		September 30, 2024
				Trust and
		Community		Investment
(in thousands)		Banking		Services		Total
Interest income	$	23,257	$	-	$	23,257
Interest expense		8,029		-		8,029
Credit loss expense		264		-		264
Non-interest income		2,428		2,625		5,053
Non-interest expense		11,048		1,266		12,314
Income before income taxes and intercompany fees		6,344		1,359		7,703
Intercompany management fee income (expense)		3		(3)		-
Income before income taxes		6,347		1,356		7,703
Income tax expense		1,647		285		1,932
Net income	$	4,700	$	1,071	$	5,771

		Three Months Ended
		September 30, 2023
				Trust and
		Community		Investment
(in thousands)		Banking		Services		Total
Interest income	$	21,164	$	-	$	21,164
Interest expense		7,180		-		7,180
Credit loss credit		263		-		263
Non-interest income		2,515		2,383		4,898
Non-interest expense		11,507		1,278		12,785
Income before income taxes and intercompany fees		4,729		1,105		5,834
Intercompany management fee income (expense)		3		(3)		-
Income before income taxes		4,732		1,102		5,834
Income tax expense		1,090		231		1,321
Net income	$	3,642	$	871	$	4,513