Segment Information

6 Months Ended

Jun. 30, 2020

Segment Information [Abstract]

Segment Information

11. SEGMENT INFORMATION

The Company comprises two primary business segments, banking and insurance agency activities. The following tables set forth information regarding these segments for the three and six month periods ended June 30, 2020 and 2019.

	Three months ended June 30, 2020
		Banking		Insurance Agency
		Activities		Activities		Total
		(in thousands)
Net interest income (expense)	$	14,936	$	(3)	$	14,933
Provision for loan losses		597		-		597
Net interest income (expense) after
provision for loan losses		14,339		(3)		14,336
Insurance service and fees		120		2,547		2,667
Other non-interest income		1,572		-		1,572
Amortization expense		5		129		134
Other non-interest expense		15,825		2,053		17,878
Income before income taxes		201		362		563
Income tax provision		-		94		94
Net income	$	201	$	268	$	469

	Three months ended June 30, 2019
		Banking		Insurance Agency
		Activities		Activities		Total
		(in thousands)
Net interest income (expense)	$	13,167	$	(33)	$	13,134
Provision for loan losses		90		-		90
Net interest income (expense) after
provision for loan losses		13,077		(33)		13,044
Insurance service and fees		128		2,773		2,901
Other non-interest income		1,829		-		1,829
Amortization expense		-		112		112
Other non-interest expense		9,911		2,126		12,037
Income before income taxes		5,123		502		5,625
Income tax provision		1,112		131		1,243
Net income	$	4,011	$	371	$	4,382

‎

	Six months ended June 30, 2020
		Banking		Insurance Agency
		Activities		Activities		Total
		(in thousands)
Net interest income (expense)	$	27,715	$	(6)	$	27,709
Provision for loan losses		3,596		-		3,596
Net interest income (expense) after
provision for loan losses		24,119		(6)		24,113
Insurance service and fees		233		4,859		5,092
Other non-interest income		2,485		-		2,485
Amortization expense		5		259		264
Other non-interest expense		26,545		4,073		30,618
Income before income taxes		287		521		808
Income tax provision		-		135		135
Net income	$	287	$	386	$	673

	Six months ended June 30, 2019
		Banking		Insurance Agency
		Activities		Activities		Total
		(in thousands)
Net interest income (expense)	$	25,708	$	(66)	$	25,642
Provision for loan losses		628		-		628
Net interest income (expense) after
provision for loan losses		25,080		(66)		25,014
Insurance service and fees		247		5,096		5,343
Other non-interest income		3,582		-		3,582
Amortization expense		-		224		224
Other non-interest expense		18,997		4,152		23,149
Income before income taxes		9,912		654		10,566
Income tax provision		2,293		171		2,464
Net income	$	7,619	$	483	$	8,102