Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Summarized financial information for the Company's reportable segments and the reconciliation to the consolidated financial results for the periods presented is shown in the following tables:


	Three Months Ended March 31, 2026
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated

Interest income	$40,037	$4,190	$669	$44,896
Interest expense	8,197	1,394	644	10,235
Net interest income	31,840	2,796	25	34,661
Provision (benefit) for credit losses	153	562	245	960
Net interest income after provision for credit losses	31,687	2,234	(220)	33,701
Net realized gains on mortgage loans sold	—	2,997	—	2,997
Change in fair value of mortgage loan commitments, net	—	720	—	720
Total production revenue	—	3,717	—	3,717
Mortgage servicing revenue	—	2,667	—	2,667
Change in fair value of mortgage servicing rights:
Due to changes in model inputs of assumptions	—	463	—	463
Other	—	(590)	—	(590)
Total mortgage servicing revenue, net	—	2,540	—	2,540
Other mortgage banking revenue	—	204	—	204
Total mortgage banking revenue	—	6,461	—	6,461
Purchased receivable income	—	—	6,132	6,132
Other operating income	2,416	—	(130)	2,286
Total other operating income	2,416	6,461	6,002	14,879
Salaries and other personnel expense	12,392	5,275	1,839	19,506
Data processing expense	2,835	300	170	3,305
Occupancy expense	1,565	468	71	2,104
Professional and outside services	831	253	75	1,159
Marketing expense	756	137	8	901
Insurance expense	385	19	—	404
Compensation expense - Sallyport acquisition payments	—	—	500	500
Other operating expense	1,626	749	368	2,743
Total other operating expense	20,390	7,201	3,031	30,622
Income before provision for income taxes	13,713	1,494	2,751	17,958
Provision for income taxes	3,213	408	662	4,283
Net income	$10,500	$1,086	$2,089	$13,675


Three Months Ended March 31, 2026
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated

Interest income	$40,037	$4,190	$669	$44,896
Mortgage banking income - external revenue	—	6,461	—	6,461
Mortgage banking income - intersegment revenues	—	954	—	954
Purchased receivable income	—	—	6,132	6,132
Other operating income	2,416	—	(130)	2,286
	42,453	11,605	6,671	60,729
Reconciliation of revenue
Elimination of intersegment revenues	—	(954)	—	(954)
Total consolidated revenues	$42,453	$10,651	$6,671	$59,775
Less:
Interest expense	8,197	1,394	644	10,235
Provision (benefit) for credit losses	153	562	245	960
Segment gross profit	34,103	8,695	5,782	48,580

Less(1):
Salaries and other personnel expense	$12,392	$5,275	$1,839	$19,506
Data processing expense	2,835	300	170	3,305
Occupancy expense	1,565	468	71	2,104
Professional and outside services	831	253	75	1,159
Marketing expense	756	137	8	901
Insurance expense	385	19	—	404
Compensation expense - Sallyport acquisition payments	—	—	500	500
Intersegment expense	954	—	—	954
Other segment items(2)	1,626	749	368	2,743
Segment expense	21,344	7,201	3,031	31,576

Reconciliation of expense
Elimination of intersegment expense	($954)	$—	$—	(954)
Total consolidated expense	$20,390	$7,201	$3,031	$30,622

Income before provision for income taxes	$13,713	$1,494	$2,751	$17,958

1The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. All expenses are allocated to a segment.

2Other segment items for each reportable segment include:

Community Banking: OREO (income) expense, net of rental income and gains on sale, director fees, operational charge offs net of recoveries, loan collection and collateral costs, and other miscellaneous operating costs related to community banking activities.

Home Mortgage Lending: OREO (income) expense, net of rental income and gains on sale related home mortgage loans, director fees related at RML, loan collection and collateral costs related to home mortgage loans, and other miscellaneous operating costs related to home mortgage lending activities.

Specialty Finance: miscellaneous operating costs related to specialty finance activities.


	Three Months Ended March 31, 2025
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated

Interest income	$36,573	$4,392	$596	$41,561
Interest expense	8,422	1,346	496	10,264
Net interest income	28,151	3,046	100	31,297
Provision (benefit) for credit losses	(1,768)	(307)	666	(1,409)
Net interest income after provision for credit losses	29,919	3,353	(566)	32,706
Net realized gains on mortgage loans sold	—	1,580	—	1,580
Change in fair value of mortgage loan commitments, net	—	660	—	660
Total production revenue	—	2,240	—	2,240
Mortgage servicing revenue	—	2,696	—	2,696
Change in fair value of mortgage servicing rights:
Due to changes in model inputs of assumptions	—	(322)	—	(322)
Other	—	(533)	—	(533)
Total mortgage servicing revenue, net	—	1,841	—	1,841
Other mortgage banking revenue	—	170	—	170
Total mortgage banking revenue	—	4,251	—	4,251
Purchased receivable income	—	—	6,150	6,150
Other operating income	2,703	—	(64)	2,639
Total other operating income	2,703	4,251	6,086	13,040
Salaries and other personnel expense	10,764	4,769	1,690	17,223
Data processing expense	2,670	263	171	3,104
Occupancy expense	1,381	438	70	1,889
Professional and outside services	562	256	297	1,115
Marketing expense	519	150	3	672
Insurance expense	989	22	6	1,017
Compensation expense - Sallyport acquisition payments	—	—	600	600
Other operating expense	1,696	592	263	2,551
Total other operating expense	18,581	6,490	3,100	28,171
Income before provision for income taxes	14,041	1,114	2,420	17,575
Provision (benefit) for income taxes	3,253	310	688	4,251
Net income	$10,788	$804	$1,732	$13,324


Three Months Ended March 31, 2025
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated

Interest income	$36,573	$4,392	$596	$41,561
Mortgage banking income - external revenue	—	4,251	—	4,251
Mortgage banking income - intersegment revenues	—	441	—	441
Purchased receivable income	—	—	6,150	6,150
Other operating income	2,703	—	(64)	2,639
	39,276	9,084	6,682	55,042
Reconciliation of revenue
Elimination of intersegment revenues	—	(441)	—	(441)
Total consolidated revenues	$39,276	$8,643	$6,682	$54,601
Less:
Interest expense	8,422	1,346	496	10,264
Provision (benefit) for credit losses	(1,768)	(307)	666	(1,409)
Segment gross profit	32,622	7,604	5,520	45,746

Less(1):
Salaries and other personnel expense	$10,764	$4,769	$1,690	$17,223
Data processing expense	2,670	263	171	3,104
Occupancy expense	1,381	438	70	1,889
Professional and outside services	562	256	297	1,115
Marketing expense	519	150	3	672
Insurance expense	989	22	6	1,017
Compensation expense - Sallyport acquisition payments	—	—	600	600
Intersegment expense	441	—	—	441
Other segment items(2)	1,696	592	263	2,551
Segment expense	19,022	6,490	3,100	28,612

Reconciliation of expense
Elimination of intersegment expense	($441)	$—	$—	(441)
Total consolidated expense	$18,581	$6,490	$3,100	$28,171

Income before provision for income taxes	$14,041	$1,114	$2,420	$17,575

1The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. All expenses are allocated to a segment.

2Other segment items for each reportable segment include:

Specialty Finance: miscellaneous operating costs related to specialty finance activities.


March 31, 2026
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated

Total assets	$2,775,963	$401,203	$177,742	$3,354,908
Loans held for sale	$—	$81,179	$—	$81,179
Loans	$2,081,912	$264,662	$12,128	$2,358,702
Purchased receivables, net	$—	$—	$105,029	$105,029
Goodwill	$7,525	$7,492	$34,857	$49,874


December 31, 2025
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated

Total assets	$2,724,236	$390,242	$175,795	$3,290,273
Loans held for sale	$—	$100,323	$—	$100,323
Loans	$2,034,834	$243,167	$17,498	$2,295,499
Purchased receivables, net	$—	$—	$101,642	$101,642
Goodwill	$7,525	$7,492	$34,857	$49,874