v3.25.2
Segment Information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
ASC Topic 820 - Segment Reporting identifies operating segments as components of an enterprise which are evaluated regularly by the Company's Chief Operating Decision Maker, our Chief Executive Officer, in deciding how to allocate resources and assess performance. The Company has applied the aggregation criterion set forth in this codification to the results of its operations. The Company’s operating segments include banking, mortgage banking and small business specialty lending division. The reportable segments are determined by the products and services offered, and internal reporting. The Bank segment derives its revenues from the delivery of full-service financial services, including retail and commercial banking services and deposit accounts. The Mortgage Banking segment derives its revenues from the origination and sales of residential mortgage loans held for sale. The Small Business Specialty Lending Division segment derives its revenue from the origination, sales and servicing of Small Business Administration loans and other government guaranteed loans. Segment performance is evaluated using net interest income and noninterest income. Income taxes are assessed based on income before income taxes, and indirect expenses (including management fees) are allocated based on various internal factors for each segment. Transactions among segments are made at fair value. The following tables present information reported internally for performance assessment for the three and six months ended June 30, 2025 and 2024:
(dollars in thousands)BankMortgage
Banking		Small
Business
Specialty
Lending
Division		Totals
Three Months Ended June 30, 2025
Net Interest Income$21,319 $44 $1,022 $22,385 
Provision for Credit Losses(330)— 780 450 
Net Interest Income after Provision for Credit Losses21,649 44 242 21,935 
Mortgage Fee Income— 1,984 — 1,984 
Gain on Sale of SBA Loans— — 1,550 1,550 
Other5,969 (1)— 595 (2)6,564 
Total Noninterest Income5,969 1,984 2,145 10,098 
Salaries and Employee Benefits9,619 1,764 1,482 12,865 
Other (3)
8,650 (54)543 9,139 
Total Noninterest Expense18,269 1,710 2,025 22,004 
Income Taxes1,908 69 74 2,051 
Segment Profit$7,441 $249 $288 $7,978 
(1) Includes service charges on deposits, interchange fees, BOLI income, insurance commissions and other noninterest income.
(2) Represents SBA loan related fee income.
(3) Includes occupancy and equipment, information technology expense, professional fees, advertising and public relations, communications and other noninterest expenses.
(dollars in thousands)BankMortgage
Banking		Small
Business
Specialty
Lending
Division		Totals
Three Months Ended June 30, 2024
Net Interest Income$17,217 $50 $1,142 $18,409 
Provision for Credit Losses96 — 554 650 
Net Interest Income after Provision for Credit Losses17,121 50 588 17,759 
Mortgage Fee Income(14)1,456 — 1,442 
Gain on Sale of SBA Loans— — 2,347 2,347 
Other5,100 (1)— 608 (2)5,708 
Total Noninterest Income5,086 1,456 2,955 9,497 
Salaries and Employee Benefits9,164 1,410 1,704 12,278 
Other (3)
7,971 (84)165 8,052 
Total Noninterest Expense17,135 1,326 1,869 20,330 
Income Taxes1,060 42 350 1,452 
Segment Profit$4,012 $138 $1,324 $5,474 
(1) Includes service charges on deposits, loss on sales of securities, interchange fees, BOLI income, insurance commissions and other noninterest income.
(2) Represents SBA loan related fee income.
(3) Includes occupancy and equipment, information technology expense, professional fees, advertising and public relations, communications and other noninterest expenses.
(dollars in thousands)BankMortgage
Banking		Small
Business
Specialty
Lending
Division		Totals
Six Months Ended June 30, 2025
Net Interest Income$41,308 $97 $1,932 $43,337 
Provision for Credit Losses891 — 1,059 1,950 
Net Interest Income after Provision for Credit Losses40,417 97 873 41,387 
Mortgage Fee Income— 3,563 — 3,563 
Gain on Sale of SBA Loans— — 2,585 2,585 
Other11,743 (1)— 1,251 (2)12,994 
Total Noninterest Income11,743 3,563 3,836 19,142 
Salaries and Employee Benefits18,507 3,218 3,045 24,770 
Other (3)
16,552 93 810 17,455 
Total Noninterest Expense35,059 3,311 3,855 42,225 
Income Taxes3,459 79 175 3,713 
Segment Profit$13,642 $270 $679 $14,591 
Segments Assets at June 30, 2025$3,010,416 $14,296 $90,905 $3,115,617 
Full time employees June 30, 20253904334467
(1) Includes service charges on deposits, interchange fees, BOLI income, insurance commissions and other noninterest income.
(2) Represents SBA loan related fee income.
(3) Includes occupancy and equipment, information technology expense, professional fees, advertising and public relations, communications and other noninterest expenses.
(dollars in thousands)BankMortgage
Banking		Small
Business
Specialty
Lending
Division		Totals
Six Months Ended June 30, 2024
Net Interest Income$34,769 $90 $2,204 $37,063 
Provision for Credit Losses551 — 1,099 1,650 
Net Interest Income after Provision for Credit Losses34,218 90 1,105 35,413 
Mortgage Fee Income70 2,621 — 2,691 
Gain on Sale of SBA Loans— — 4,393 4,393 
Other10,696 (1)— 1,204 (2)11,900 
Total Noninterest Income10,766 2,621 5,597 18,984 
Salaries and Employee Benefits18,330 2,634 3,332 24,296 
Other (3)
15,934 (90)587 16,431 
Total Noninterest Expense34,264 2,544 3,919 40,727 
Income Taxes2,226 43 594 2,863 
Segment Profit$8,494 $124 $2,189 $10,807 
Segments Assets at December 31, 2024$2,985,856 $17,970 $105,956 $3,109,782 
Full time employees June 30, 20243854233460
(1) Includes service charges on deposits, loss on sales of securities, interchange fees, BOLI income, insurance commissions and other noninterest income.
(2) Represents SBA loan related fee income.
(3) Includes occupancy and equipment, information technology expense, professional fees, advertising and public relations, communications and other noninterest expenses.