SEGMENT INFORMATION

9 Months Ended

Sep. 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 94.0% of total consolidated revenues for the quarters end September 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 September 30, 2021
	Banking			Consumer Finance			Total Company
Net interest income	$	9,843		$	516		$	10,359
Provision expense		(100	)		7			(93	)
Noninterest income		2,582			30			2,612
Noninterest expense		8,861			608			9,469
Tax expense		574			(15	)		559
Net income		3,090			(54	)		3,036
Assets		1,232,353			13,025			1,245,378

	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

	Nine Months Ended September 30, 2021
	Banking			Consumer Finance		Total Company
Net interest income	$	29,124		$	1,498	$	30,622
Provision expense		(150	)		32		(118	)
Noninterest income		7,474			983		8,457
Noninterest expense		26,095			1,858		27,953
Tax expense		1,693			123		1,816
Net income		8,960			468		9,428
Assets		1,232,353			13,025		1,245,378

	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