| Summary of Information Related To The Company's Bank Operating Segment |
The table below provides information related to the Company's Bank operating segment for the three and six months ended June 30, 2025 and 2024:
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Bank Segment |
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For the three months ended June 30, |
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For the six months ended June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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(Dollars in Thousands) |
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(Dollars in Thousands) |
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Income: |
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Interest income |
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$ |
14,854 |
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$ |
14,546 |
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$ |
28,872 |
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$ |
28,823 |
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Non-interest income |
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849 |
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835 |
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1,724 |
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1,700 |
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Total income |
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15,703 |
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15,381 |
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30,596 |
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30,523 |
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Less: |
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Interest expense |
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5,378 |
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5,370 |
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10,499 |
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10,607 |
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Provision for credit losses |
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2,717 |
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— |
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3,245 |
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— |
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Salaries and employee benefits |
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3,945 |
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3,890 |
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7,681 |
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7,978 |
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Net occupancy and equipment |
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937 |
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954 |
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1,812 |
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1,848 |
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Computer services |
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421 |
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444 |
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833 |
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|
887 |
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Insurance expense and assessments |
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366 |
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414 |
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750 |
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805 |
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Fees for professional services |
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470 |
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364 |
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685 |
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705 |
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Postage, stationery and supplies |
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140 |
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136 |
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289 |
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314 |
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Telephone/data communication |
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186 |
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193 |
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385 |
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385 |
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Collection and recoveries |
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96 |
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34 |
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166 |
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60 |
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Directors fees |
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101 |
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85 |
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194 |
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181 |
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Software amortization |
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107 |
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87 |
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215 |
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177 |
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Other real estate/foreclosure expense, net |
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24 |
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30 |
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44 |
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61 |
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Other expense (1) |
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651 |
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641 |
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1,308 |
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1,018 |
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Provision for income taxes |
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9 |
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612 |
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563 |
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1,263 |
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Total expense |
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15,548 |
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13,254 |
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28,669 |
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26,289 |
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Consolidated net income |
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$ |
155 |
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$ |
2,127 |
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$ |
1,927 |
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$ |
4,234 |
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(1) Other expense includes advertising, travel and business development, and life insurance expense.
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