SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2021

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 93.1% and 93.2% of total consolidated revenues for the quarters end June 30, 2021 and 2020, 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, 2021
	Banking		Consumer Finance		Total Company
Net interest income	$	9,727	$	488	$	10,215
Provision expense		—		27		27
Noninterest income		2,384		122		2,506
Noninterest expense		8,737		560		9,297
Tax expense		531		5		536
Net income		2,843		18		2,861
Assets		1,224,295		12,693		1,236,988

	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

	Six Months Ended June 30, 2021
	Banking			Consumer Finance		Total Company
Net interest income	$	19,281		$	982	$	20,263
Provision expense		(50	)		25		(25	)
Noninterest income		4,892			953		5,845
Noninterest expense		17,234			1,250		18,484
Tax expense		1,119			138		1,257
Net income		5,870			522		6,392
Assets		1,224,295			12,693		1,236,988

	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