SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2020

SEGMENT INFORMATION [Abstract]

SEGMENT INFORMATION

NOTE 7 – SEGMENT INFORMATION

The reportable segments are determined by the products and services offered, primarily distinguished between banking and consumer finance. They are also distinguished by the level of information provided to the chief operating decision maker, who uses such information to review performance of various components of the business, which are then aggregated if operating performance, products/services, and customers are similar. Loans, investments, and deposits provide the majority of the net revenues from the banking operation, while loans provide the majority of the net revenues for the consumer finance segment. All Company segments are domestic.

Total revenues from the banking segment, which accounted for the majority of the Company's total revenues, totaled 93.2% and 93.1% of total consolidated revenues for the quarters end June 30, 2020 and 2019, respectively.

The accounting policies used for the Company's reportable segments are the same as those described in Note 1 - Summary of Significant Accounting Policies. Income taxes are allocated based on income before tax expense.

Information for the Company’s reportable segments is as follows:

	Three Months Ended June 30, 2020
	Banking			Consumer Finance			Total Company
Net interest income	$	9,317		$	478		$	9,795
Provision expense		(400	)		7			(393	)
Noninterest income		2,201			48			2,249
Noninterest expense		9,049			553			9,602
Tax expense		579			(7	)		572
Net income		2,290			(27	)		2,263
Assets		1,091,377			11,618			1,102,995

	Three Months Ended June 30, 2019
	Banking			Consumer Finance			Total Company
Net interest income	$	10,088		$	565		$	10,653
Provision expense		(800	)		(6	)		(806	)
Noninterest income		1,960			43			2,003
Noninterest expense		9,211			580			9,791
Tax expense		585			7			592
Net income		3,052			27			3,079
Assets		1,023,466			11,509			1,034,975

	Six Months Ended June 30, 2020
	Banking		Consumer Finance		Total Company
Net interest income	$	18,788	$	1,011	$	19,799
Provision expense		3,445		8		3,453
Noninterest income		5,688		1,003		6,691
Noninterest expense		17,815		1,306		19,121
Tax expense		504		147		651
Net income		2,712		553		3,265
Assets		1,091,377		11,618		1,102,995

	Six Months Ended June 30, 2019
	Banking		Consumer Finance		Total Company
Net interest income	$	20,125	$	1,915	$	22,040
Provision expense		1,450		121		1,571
Noninterest income		3,779		70		3,849
Noninterest expense		18,031		1,328		19,359
Tax expense		575		112		687
Net income		3,848		424		4,272
Assets		1,023,466		11,509		1,034,975