v3.25.2
Segment Reporting
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting Note 17. Segment Reporting

The Corporation’s reportable segments are determined by the Chief Operating Officer of the Bank, who is the designated chief operating decision maker (CODM), based upon information provided about the Corporation’s products and services offered primarily between community banking and wealth management segments. The segments are also distinguished by the level of information provided to the CODM, who uses such information to review the performance of various components of the business, which are then aggregated if operating performance, products/services, and customer are similar. The CODM evaluates the financial performance of the Corporation’s business segments by evaluating revenue streams, significant expenses, and budget to actual results to assess the performance of the segments and to determine allocation of resources. This evaluation is also used to assess the performance of each segment to evaluate compensation of certain employees.

Segment pretax profit or loss is used to assess the performance of the community banking segment by monitoring net interest income, fee income and noninterest expense. In this segment, interest income on loans and securities, and banking service fees are the primary source of revenue. Interest expense, the provision for credit losses, and salaries and benefits are the primary expenses.

Segment pretax profit or loss is used to assess the performance of the wealth management segment by monitoring fee income and operating expense, and by assets under management. In this segment, fees from assets under management are the primary source of revenue, while salaries and benefits are the primary expense.


The following table presents the reportable segments for the periods presented:

For the Three Months Ended

For the Six Months Ended

June 30, 2025

June 30, 2025

Reportable Segments

Reportable Segments

(Dollars in thousands)

Wealth

Community Banking

Consolidated Total

Wealth

Community Banking

Consolidated Total

Interest income - loans, including fees

$

$

21,425 

$

21,425 

$

$

41,289 

$

41,289 

Interest income - investments

4,982 

4,982 

10,268 

10,268 

Interest income - interest-earning deposits in other banks

2,193 

2,193 

4,101 

4,101 

Wealth fee income

2,419 

2,419 

4,633 

4,633 

Total segment income

$

2,419 

$

28,600 

$

31,019 

$

4,633 

$

55,658 

$

60,291 

Reconciliation of revenue

Other revenue - not allocated to a segment

2,684 

5,031 

Total consolidated revenue

$

33,703 

$

65,322 

Less:

Interest expense - deposits

$

$

8,918 

$

8,918 

$

$

17,948 

$

17,948 

Interest expense - other borrowings

2,181

2,444 

4,339

4,867 

Provision for credit losses

635

635 

1,414

1,414 

Salary and benefit expense

1,040 

7,824

8,864 

2,061 

15,309

17,370 

Segment profit

$

1,040 

$

19,558 

$

20,861 

$

2,061 

$

39,010 

$

41,599 

Other expenses - not allocated to a segment

5,525 

11,595 

Income before taxes

$

7,317 

$

12,128 

Other segment disclosures

Net occupancy

$

126

$

1,020

$

1,146

$

264

$

2,107

$

2,371

Data processing

$

42

$

1,472

$

1,514

$

87

$

2,984

$

3,071

Total assets for reportable segments

$

1,461

$

2,285,702

$

2,286,745

$

1,461

$

2,285,702

$

2,286,745



For the Three Months Ended

For the Six Months Ended

June 30, 2024

June 30, 2024

Reportable Segments

Reportable Segments

(Dollars in thousands)

Wealth

Community Banking

Consolidated Total

Wealth

Community Banking

Consolidated Total

Interest income - loans, including fees

$

$

18,059 

$

18,059 

$

$

35,281 

$

35,281 

Interest income - investments

4,380 

4,380 

8,613 

8,613 

Interest income - interest-earning deposits in other banks

2,293 

2,293 

4,647 

4,647 

Wealth fee income

2,242 

2,242 

4,269 

4,269 

Total segment income

$

2,242 

$

24,732 

$

26,974 

$

4,269 

$

48,541 

$

52,810 

Reconciliation of revenue

Other revenue - not allocated to a segment

2,108 

4,269 

Total consolidated revenue

$

29,082 

$

57,079 

Less:

Interest expense - deposits

$

$

7,018 

$

7,018 

$

$

13,522 

$

13,522 

Interest expense - other borrowings

3,242

3,503 

6,729

7,254 

Provision for credit losses

546

546 

998

998 

Salary and benefit expense

975 

7,430

8,405 

1,922 

14,210

16,132 

Segment profit

$

975 

$

18,236 

$

19,472 

$

1,922 

$

35,459 

$

37,906 

Other expenses - not allocated to a segment

5,931 

11,510 

Income before taxes

$

3,679 

$

7,663 

Other segment disclosures

Net occupancy

$

140

$

1,009

$

1,149

$

270

$

2,061

$

2,331

Data processing

$

57

$

1,402

$

1,459

$

116

$

2,766

$

2,882

Total assets for reportable segments

$

1,549

$

2,037,744

$

2,039,126

$

1,549

$

2,037,744

$

2,039,126