v3.25.2
Segment Reporting
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting
Note 10 - Segment Reporting

The Company’s reportable segment is determined by the Chief Executive Officer, who is the designated the chief operating decision maker, based upon information provided about the Company’s products and services offered, primarily banking operations. The segment is 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 such as branches, which are then aggregated if operating performance, products/services, and customers are similar. The chief operating decision maker will evaluate the financial performance of the Company’s business components such as by evaluating revenue streams, significant expenses, and budget to actual results in assessing the Company’s segment and in the determination of allocating resources. The chief operating decision maker uses revenue streams to evaluate product pricing and significant expenses to assess performance and evaluate return on assets. The chief operating decision maker uses consolidated net income to benchmark the Company against its competitors. The benchmarking analysis coupled with monitoring of budget to actual results are used in assessment performance and in establishing compensation. Loans, investments, and deposits provide the revenues in the banking operation. Interest expense, provisions for credit losses, payroll, and occupancy expenses provide the significant expenses in the banking operation. All operations are domestic.


The measure of segment assets is reported on the balance sheet as total consolidated assets. Segment performance is evaluated using consolidated net income. Information reported internally for performance assessment by the chief operating decision maker follows, inclusive of reconciliations of significant segment totals to the consolidated financial statements (in thousands):

 
  
Community Banking
  
 
  
Three months ended
     Six months ended  
 
  
June 30,
     June 30,
  
 
  
2025
    
2024
     2025
     2024
  
Total Interest and Dividend Income
  
$
38,749
    
$
37,902
     $
 77,763     $
 75,835  
Total non-interest income
    
3,665
      
3,336
       7,092       8,307  
Total Consolidated Revenues
    
42,414
      
41,238
       84,855       84,142  
Less:
                                
Interest Expense
    
15,101
      
16,602
       31,113       33,577  
Segment net interest income and non-interest income
    
27,313
      
24,636
       53,742       50,565  
Less:
                                
Provision for credit losses
    
750
      
2,002
       1,375       2,787  
Salaries and employee benefits
    
9,976
      
9,617
       20,265       19,907  
Occupancy
    
1,182
      
1,266
       2,538       2,590  
Other segment expenses
    
4,989
      
5,363
       9,772       10,392  
Income Taxes
    
1,953
      
1,113
       3,708       2,590  
Segment net income/consolidated net income
  
$
8,463
    
$
5,275
     $
 16,084     $
12,299