v3.25.4
Segment Reporting
 12 Months Ended
Dec. 31, 2025
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]  
Segment Reporting
20.
SEGMENT REPORTING

Bancshares is a bank holding company. Bancshares operates one banking subsidiary, the Bank. The Bank reporting unit is the only reportable segment of the Company. The Bank conducts a general commercial banking business and offers banking

services such as demand, savings, individual retirement account and time deposits, personal and commercial loans, safe deposit box services and remote deposit capture. The Bank provides a wide range of commercial banking services to small- and medium-sized businesses, property managers, business executives, professionals and other individuals. The Bank also performs indirect lending through third-party retailers and currently conducts this lending in 17 states. Other than this indirect lending program, the Bank derives its revenue primarily in the southeast United States. The Bank does not have any customers that produce revenues of 10% or more.

The Company's chief operating decision makers (the "CODM") consist of a group of senior executive officers of Bancshares and the Bank that includes the chief executive officer, the chief financial officer, the chief information and consumer banking officer, the chief risk officer, the chief commercial lending officer, and the chief consumer lending officer.

The CODM uses net income to evaluate income generated from segment assets in deciding whether to reinvest profits into the Bank segment or into other parts of the entity, such as for acquisitions or to pay dividends. Net income is used to monitor budget versus actual results. The CODM also uses net income in competitive analysis by benchmarking to the Company’s competitors. The competitive analysis along with the monitoring of budgeted versus actual results are used in assessing performance of the segment and in establishing management’s compensation.

The accounting policies of the Bank segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance for the Bank segment and decides how to allocate resources based on net income that also is reported on the income statement as consolidated net income. The measure of segment assets is reported on the consolidated balance sheet as total consolidated assets.

The table below provides information related to the Company's Bank operating segment for the years ended December 31, 2025 and 2024:

 

 

Bank Segment

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

 

(Dollars in Thousands)

 

Income:

 

 

 

 

 

 

Interest income

 

$

59,415

 

 

$

58,260

 

Non-interest income

 

 

3,579

 

 

 

3,583

 

Total income

 

 

62,994

 

 

 

61,843

 

Less:

 

 

 

 

 

 

Interest expense

 

 

21,957

 

 

 

22,111

 

Provision for credit losses

 

 

4,031

 

 

 

622

 

Salaries and employee benefits

 

 

15,273

 

 

 

15,460

 

Net occupancy and equipment

 

 

3,796

 

 

 

3,761

 

Computer services

 

 

1,707

 

 

 

1,687

 

Insurance expense and assessments

 

 

1,409

 

 

 

1,510

 

Fees for professional services

 

 

1,349

 

 

 

1,184

 

Postage, stationery and supplies

 

 

581

 

 

 

560

 

Telephone/data communication

 

 

795

 

 

 

779

 

Collection and recoveries

 

 

293

 

 

 

169

 

Directors fees

 

 

404

 

 

 

380

 

Software amortization

 

 

454

 

 

 

356

 

Other real estate/foreclosure expense, net

 

 

269

 

 

 

230

 

Outside services

 

 

405

 

 

 

299

 

Other segment items (1)

 

 

2,335

 

 

 

1,981

 

Provision for income taxes

 

 

1,944

 

 

 

2,584

 

Consolidated net income

 

$

5,992

 

 

$

8,170

 

(1) Other segment items includes expenses for advertising, travel and business development, and life insurance.