Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting

Schedule of Total Assets of Each Operating Segment

	Community		Wealth
	Banking		Management		Total
Total assets as of March 31, 2025	$	1,979,296	$	457	$	1,979,753
Total assets as of December 31, 2024	$	1,972,513	$	509	$	1,973,022

Schedule of Information for the Operating Segments

		Three Months Ended
		March 31, 2025
	Community		Wealth
(in thousands)	Banking		Management		Total
Interest income	$	24,062	$	—	$	24,062
Interest expense		8,046		—		8,046
Net interest income		16,016		—		16,016
Credit loss expense		656		—		656
Net interest income after credit loss expense		15,360		—		15,360
Other operating income:
Net gains on sales of residential mortgages		92		—		92
Service charges on deposit accounts		547		—		547
Other service charges		206		—		206
Trust department income		—		2,323		2,323
Debit card income		921		—		921
Brokerage commissions		—		421		421
Other segment income (1)		404		—		404
Total other operating income		2,170		2,744		4,914
Other operating expenses:
Salaries and employee benefits		6,247		1,084		7,331
Equipment and occupancy		1,242		25		1,267
Data processing		1,408		95		1,503
FDIC premiums		245		—		245
Other segment expenses (2)		2,103		127		2,230
Total operating expenses		11,245		1,331		12,576
Income before income taxes and intercompany fees		6,285		1,413		7,698
Intercompany management fee income (expense)		3		(3)		—
Income before income taxes		6,288		1,410		7,698
Income tax expense		1,595		297		1,892
Net income	$	4,693	$	1,113	$	5,806
Significant noncash items
Credit loss expense	$	656	$	—	$	656
Depreciation		652		4		656
Amortization of intangible assets		30		52		82

(1) Other segment income includes net gains/(losses) on disposals of fixed assets, bank owned life insurance income, and miscellaneous income.

(2) Other segment expenses include professional services, contract labor, line rentals, investor relations, contributions, net OREO expense/(income), and miscellaneous expenses.

		Three Months Ended
		March 31, 2024
	Community		Wealth
(in thousands)	Banking		Management		Total
Interest income	$	21,898	$	—	$	21,898
Interest expense		8,086		—		8,086
Net interest income		13,812		—		13,812
Credit loss expense		946		—		946
Net interest income after credit loss expense		12,866		—		12,866
Other operating income:
Net gains on sales of residential mortgages		82		—		82
Service charges on deposit accounts		556		—		556
Other service charges		215		—		215
Trust department income		—		2,188		2,188
Debit card income		932		—		932
Brokerage commissions		—		495		495
Other		407		—		407
Total other operating income		2,192		2,683		4,875
Other operating expenses:
Salaries and employee benefits		6,114		1,043		7,157
Equipment and occupancy		1,845		32		1,877
Data processing		1,220		98		1,318
FDIC premiums		269		—		269
Other		2,147		113		2,260
Total operating expenses		11,595		1,286		12,881
Income before income taxes and intercompany fees		3,463		1,397		4,860
Intercompany management fee income (expense)		3		(3)		—
Income before income taxes		3,466		1,394		4,860
Income tax expense		869		293		1,162
Net income	$	2,597	$	1,101	$	3,698
Significant noncash items
Credit loss expense	$	946	$	—	$	946
Depreciation		1,246		10		1,256
Amortization of intangible assets		30		52		82

(1) Other segment income includes net gains/(losses) on disposals of fixed assets, bank owned life insurance income, and miscellaneous income.

(2) Other segment expenses include professional services, contract labor, line rentals, investor relations, contributions, net OREO expense/(income), and miscellaneous expenses.