SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2023

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 92.5% and 90.5% of total consolidated revenues for the quarters end March 31, 2023 and 2022, 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.  All goodwill is in the banking segment.

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

	Three months ended March 31, 2023
	Banking		Consumer Finance			Total Company
Net interest income	$	11,184	$	538		$	11,722
Provision for (recovery of) credit losses		584		(95	)		489
Noninterest income		3,000		767			3,767
Noninterest expense		9,596		676			10,272
Provision for income taxes		668		152			820
Net income		3,336		572			3,908
Assets		1,252,673		13,792			1,266,465

	Three months ended March 31, 2022
	Banking			Consumer Finance			Total Company
Net interest income	$	9,468		$	522		$	9,990
Provision for (recovery of) credit losses		(1,100	)		(26	)		(1,126	)
Noninterest income		2,891			829			3,720
Noninterest expense		9,094			694			9,788
Provision for income taxes		780			143			923
Net income		3,585			540			4,125
Assets		1,245,025			13,151			1,258,176