SEGMENT INFORMATION

9 Months Ended

Sep. 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 94.0% and 93.9% of total consolidated revenues for the quarters end September 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 September 30, 2020
	Banking		Consumer Finance			Total Company
Net interest income	$	9,562	$	520		$	10,082
Provision expense		—		(2	)		(2	)
Noninterest income		2,385		49			2,434
Noninterest expense		9,295		596			9,891
Tax expense		339		(6	)		333
Net income		2,313		(19	)		2,294
Assets		1,126,202		11,736			1,137,938

	Three Months Ended September 30, 2019
	Banking		Consumer Finance			Total Company
Net interest income	$	10,048	$	578		$	10,626
Provision expense		450		(6	)		444
Noninterest income		2,043		64			2,107
Noninterest expense		9,115		623			9,738
Tax expense		409		5			414
Net income		2,117		20			2,137
Assets		1,034,209		11,749			1,045,958

	Nine Months Ended September 30, 2020
	Banking		Consumer Finance		Total Company
Net interest income	$	28,350	$	1,531	$	29,881
Provision expense		3,445		6		3,451
Noninterest income		8,073		1,052		9,125
Noninterest expense		27,110		1,902		29,012
Tax expense		843		141		984
Net income		5,025		534		5,559
Assets		1,126,202		11,736		1,137,938

	Nine Months Ended September 30, 2019
	Banking		Consumer Finance		Total Company
Net interest income	$	30,173	$	2,493	$	32,666
Provision expense		1,900		115		2,015
Noninterest income		5,822		134		5,956
Noninterest expense		27,146		1,951		29,097
Tax expense		984		117		1,101
Net income		5,965		444		6,409
Assets		1,034,209		11,749		1,045,958