SEGMENT INFORMATION

9 Months Ended

Sep. 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 96.0% and 95.1% of total consolidated revenues for the quarters end September 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 September 30, 2024
	Banking		Consumer Finance			Total Company
Net interest income	$	12,017	$	564		$	12,581
Provision for credit losses		847		73			920
Noninterest income		2,806		48			2,854
Noninterest expense		10,587		633			11,220
Provision for income taxes		596		(20	)		576
Net income		2,793		(74	)		2,719
Assets		1,479,681		14,342			1,494,023

	Three Months Ended September 30, 2023
	Banking		Consumer Finance			Total Company
Net interest income	$	10,816	$	560		$	11,376
Provision for credit losses		727		161			888
Noninterest income		2,526		42			2,568
Noninterest expense		9,793		586			10,379
Provision for income taxes		456		(30	)		426
Net income		2,366		(115	)		2,251
Assets		1,299,554		14,398			1,313,952

	Nine Months Ended September 30, 2024
	Banking		Consumer Finance		Total Company
Net interest income	$	34,075	$	1,659	$	35,734
Provision for credit losses		1,784		68		1,852
Noninterest income		8,369		882		9,251
Noninterest expense		30,795		2,029		32,824
Provision for income taxes		1,733		92		1,825
Net income		8,132		352		8,484
Assets		1,479,681		14,342		1,494,023

	Nine Months Ended September 30, 2023
	Banking		Consumer Finance		Total Company
Net interest income	$	33,070	$	1,642	$	34,712
Provision for credit losses		1,351		50		1,401
Noninterest income		8,144		904		9,048
Noninterest expense		29,173		1,893		31,066
Provision for income taxes		1,759		126		1,885
Net income		8,931		477		9,408
Assets		1,299,554		14,398		1,313,952