Segment Reporting

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Segment Reporting

(15.) SEGMENT REPORTING

The Company has one reportable segment, Banking, which includes all the Company’s retail and commercial banking operations. This reportable segment has been identified and organized based on the nature of the underlying products and services applicable to the segment, the type of customers to whom those products and services are offered and the distribution channel through which those products and services are made available.

All other segments that do not meet the quantitative threshold for separate reporting have been grouped as “All Other,” which include the activities of SDN and Courier Capital. SDN is a full-service insurance agency that provided a broad range of insurance services to both personal and business clients, and Courier Capital is our investment advisor and wealth management firm that offers customized investment management, financial planning and consulting services to individuals and families, businesses, institutions, non-profits and retirement plans. Also included in “All Other” are Holding Company amounts, which are the primary differences between segment amounts and consolidated totals, along with amounts to eliminate balances and transactions between segments.

The following tables present information regarding our business segments as of and for the periods indicated (in thousands).

	Banking		All Other		Consolidated Totals
March 31, 2024
Goodwill	$	48,536	$	18,535	$	67,071
Other intangible assets, net		—		5,216		5,216
Total assets		6,255,833		42,765		6,298,598
December 31, 2023
Goodwill	$	48,536	$	18,535	$	67,071
Other intangible assets, net		—		5,433		5,433
Total assets		6,117,748		43,133		6,160,881

	Banking			All Other			Consolidated Totals
Three months ended March 31, 2024
Net interest income (expense)	$	41,141		$	(1,059	)	$	40,082
Provision for credit losses		5,456			—			5,456
Noninterest income		6,496			4,405			10,901
Noninterest expense		(49,717	)		(4,296	)		(54,013	)
Income (loss) before income taxes		3,376			(950	)		2,426
Income tax (expense) benefit		(455	)		99			(356	)
Net income (loss)	$	2,921		$	(851	)	$	2,070

	Banking			All Other			Consolidated Totals
Three months ended March 31, 2023
Net interest income (expense)	$	42,875		$	(1,060	)	$	41,815
Provision for credit losses		(4,214	)		—			(4,214	)
Noninterest income		6,375			4,549			10,924
Noninterest expense		(29,773	)		(3,888	)		(33,661	)
Income (loss) before income taxes	$	15,263		$	(399	)	$	14,864
Income tax (expense) benefit		(2,630	)		(145	)		(2,775	)
Net income (loss)	$	12,633		$	(544	)	$	12,089