v3.25.2
Segments (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Business Segment

Selected financial information by business segment is as follows for the three months ended June 30, 2025:

 

Schedule of Business Segment

Three Months Ended

June 30, 2025

  Commercial   Mortgage Banking   Eliminations   Total 
                 
Net interest income  $12,198   $60   $(14)  $12,244 
Recovery for credit losses   (113)   -    -    (113)
Mortgage banking revenues   298    2,988    24    3,310 
All other noninterest income   1,348    -    -    1,348 
Noninterest expenses   9,247    3,015    (40)   12,222 
Income (loss) before income tax expense   4,790    33    (30)   4,793 
Income tax expense (benefit)   1,265    21    -    1,286 
Net income (loss)   3,525    12    (30)   3,507 

 

Selected financial information by business segment is as follows for the six months ended June 30, 2025:

 

Six Months Ended

June 30, 2025

  Commercial   Mortgage Banking   Eliminations   Total 
                 
Net interest income  $23,738   $166   $(22)  $23,882 
Recovery for credit losses   388    -    -    388 
Mortgage banking revenues   635    4,816    37    5,488 
All other noninterest income   2,766    -    -    2,766 
Noninterest expenses   17,963    5,640    (81)   23,522 
Income (loss) before income tax expense   8,950    (658)   (66)   8,226 
Income tax expense (benefit)   2,341    (176)   -    2,165 
Net income (loss)   6,609    (482)   (66)   6,061 
                     

 

 

TRI-COUNTY FINANCIAL GROUP, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (unaudited)

(000s omitted except share data)

 

(17) Segments (continued):

 

Selected financial information by business segment is as follows for the three months ended June 30, 2024:

 

Three Months Ended

June 30, 2024

  Commercial   Mortgage Banking   Eliminations   Total 
                 
Net interest income  $10,544   $88   $(14)  $10,618 
Recovery for credit losses   100    -    -    100 
Mortgage banking revenues   239    2,457    22    2,718 
All other noninterest income   1,399    -    -    1,399 
Noninterest expenses   8,758    2,833    (40)   11,551 
Income (loss) before income tax expense   3,404    (288)   (32)   3,084 
Income tax expense (benefit)   864    (85)   -    779 
Net income (loss)   2,540    (203)   (32)   2,305 

 

Selected financial information by business segment is as follows for the six months ended June 30, 2024:

 

Six Months Ended

June 30, 2024

  Commercial   Mortgage Banking   Eliminations   Total 
                 
Net interest income  $20,901   $217   $(21)  $21,097 
Recovery for credit losses   (1,187)   -    -    (1,187)
Mortgage banking revenues   415    4,032    36    4,483 
All other noninterest income   2,647    -    -    2,647 
Noninterest expenses   17,366    5,455    (81)   22,740 
Income (loss) before income tax expense   7,946    (1,206)   (66)   6,674 
Income tax expense (benefit)   2,040    (346)   -    1,694 
Net income (loss)   5,906    (860)   (66)   4,980