SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2024

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 95.4% and 94.4% of total consolidated revenues for the quarters end June 30, 2024 and 2023, 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, 2024
	Banking		Consumer Finance			Total Company
Net interest income	$	11,415	$	548		$	11,963
Provision for (recovery of) credit losses		168		13			181
Noninterest income		2,615		86			2,701
Noninterest expense		10,190		673			10,863
Provision for income taxes		660		(12	)		648
Net income		3,012		(40	)		2,972
Assets		1,388,878		14,439			1,403,317

	Three Months Ended June 30, 2023
	Banking		Consumer Finance			Total Company
Net interest income	$	11,070	$	544		$	11,614
Provision for (recovery of) credit losses		40		(16	)		24
Noninterest income		2,618		95			2,713
Noninterest expense		9,784		631			10,415
Provision for income taxes		634		5			639
Net income		3,230		19			3,249
Assets		1,259,929		14,301			1,274,230

	Six Months Ended June 30, 2024
	Banking		Consumer Finance			Total Company
Net interest income	$	22,058	$	1,095		$	23,153
Provision for (recovery of) credit losses		937		(5	)		932
Noninterest income		5,563		834			6,397
Noninterest expense		20,208		1,396			21,604
Provision for income taxes		1,137		112			1,249
Net income		5,339		426			5,765
Assets		1,388,878		14,439			1,403,317

	Six Months Ended June 30, 2023
	Banking		Consumer Finance			Total Company
Net interest income	$	22,254	$	1,082		$	23,336
Provision for (recovery of) credit losses		624		(111	)		513
Noninterest income		5,618		862			6,480
Noninterest expense		19,380		1,307			20,687
Provision for income taxes		1,303		156			1,459
Net income		6,565		592			7,157
Assets		1,259,929		14,301			1,274,230