Business Segments (Tables)

3 Months Ended

Mar. 31, 2026

Business Segments

Schedule of Segment reporting information, by segment

Three Months Ended March 31, 2026

 

Community

 

Mortgage

 

Consumer

 

 

 

(Dollars in thousands)

Banking

Banking

Finance

Other

Eliminations

Consolidated

Interest income

$

26,172

$

540

$

12,218

$

—

$

216

$

39,146

Interest expense

10,335

—

—

1,102

—

11,437

Net interest income before allocation

15,837

540

12,218

(1,102)

216

27,709

Net interest allocation¹

5,784

(232)

(5,552)

—

—

—

Net interest income

21,621

308

6,666

(1,102)

216

27,709

Gain on sales of loans

—

2,729

—

—

(184)

2,545

Other noninterest income

4,496

1,705

154

(300)

(50)

6,005

Net revenue

26,117

4,742

6,820

(1,402)

(18)

36,259

Provision for credit losses

300

—

3,300

—

—

3,600

Salaries and employee benefits

10,117

2,262

2,032

(54)

—

14,357

Occupancy expense

1,854

215

146

—

—

2,215

Data processing

2,473

372

321

9

—

3,175

Professional fees

640

28

194

55

—

917

Insurance expense

380

19

31

—

—

430

Marketing and advertising expenses

420

112

15

—

—

547

Loan processing and collection expenses

39

360

474

—

—

873

Provision for indemnifications

—

(35)

—

—

—

(35)

Other segment items²

1,157

189

415

93

(18)

1,836

Total noninterest expense

17,080

3,522

3,628

103

(18)

24,315

Income (loss) before taxes

8,737

1,220

(108)

(1,505)

—

8,344

Income tax expense (benefit)

1,627

310

(27)

(360)

—

1,550

Net income (loss)

$

7,110

$

910

$

(81)

$

(1,145)

$

—

$

6,794

Other data:

Capital expenditures

$

320

$

2

$

—

$

—

$

—

$

322

Depreciation and amortization

831

30

79

—

—

940

1	Interest expense is allocated to the mortgage banking and consumer finance segments through borrowings from the community banking segment.

2	Other segment items for each reportable segment include:

a.

Community banking – licenses and other taxes expense, travel and education expense, telecommunications expense, other real estate owned losses and expense, net periodic pension cost, office supplies, and certain overhead expenses.

b.

Mortgage banking – licenses and other taxes expense, travel and education expense, telecommunications expense, office supplies, and certain overhead expenses.

c.

Consumer finance – licenses and other taxes expense, travel and education expense, telecommunications expense, payment processing expense, office supplies, and certain overhead expenses.


		Three Months Ended March 31, 2025
		Community			Mortgage			Consumer
(Dollars in thousands)		Banking			Banking			Finance			Other			Eliminations			Consolidated
Interest income		$	23,384		$	339		$	12,123		$	—		$	142		$	35,988
Interest expense			10,381			—			—			597			—			10,978
Net interest income before allocation			13,003			339			12,123			(597)			142			25,010
Net interest allocation¹			5,754			(72)			(5,682)			—			—			—
Net interest income			18,757			267			6,441			(597)			142			25,010
Gain on sales of loans			—			1,985			—			—			(138)			1,847
Other noninterest income			4,230			1,136			177			222			(39)			5,726
Net revenue			22,987			3,388			6,618			(375)			(35)			32,583

Provision for credit losses			100			—			2,900			—			—			3,000

Salaries and employee benefits			9,279			1,792			1,977			435			—			13,483
Occupancy expense			1,830			213			150			—			—			2,193
Data processing			2,342			226			290			8			—			2,866
Professional fees			724			26			91			80			—			921
Insurance expense			416			30			45			—			—			491
Marketing and advertising expenses			384			140			5			—			—			529
Loan processing and collection expenses			42			230			411			—			—			683
Provision for indemnifications			—			(25)			—			—			—			(25)
Other segment items²			1,215			177			436			107			(17)			1,918
Total noninterest expense			16,232			2,809			3,405			630			(17)			23,059

Income (loss) before taxes			6,655			579			313			(1,005)			(18)			6,524
Income tax expense (benefit)			1,210			148			87			(312)			(4)			1,129
Net income (loss)		$	5,445		$	431		$	226		$	(693)		$	(14)		$	5,395

Other data:
Capital expenditures		$	236		$	31		$	—		$	—		$	—		$	267
Depreciation and amortization			875			33			80			—			—			988

1	Interest expense is allocated to the mortgage banking and consumer finance segments through borrowings from the community banking segment.

2	Other segment items for each reportable segment include:

a.

Community banking – licenses and other taxes expense, travel and education expense, telecommunications expense, other real estate owned losses and expense, net periodic pension cost, office supplies, and certain overhead expenses.

b.

Mortgage banking – licenses and other taxes expense, travel and education expense, telecommunications expense, office supplies, and certain overhead expenses.

c.

Consumer finance – licenses and other taxes expense, travel and education expense, telecommunications expense, payment processing expense, office supplies, and certain overhead expenses.


		Community			Mortgage			Consumer
(Dollars in thousands)		Banking			Banking			Finance			Other			Eliminations			Consolidated
At March 31, 2026:
Total assets		$	2,695,814		$	64,422		$	466,309		$	33,027		$	(445,824)		$	2,813,748
Total loans held for investment, net			1,596,841			—			438,546			—			—			2,035,387
Total loans held for sale			—			56,598			—			—			(478)			56,120
Total deposits			2,415,510			—			—			—			(16,054)			2,399,456

At December 31, 2025:
Total assets		$	2,651,694		$	51,275		$	469,942		$	31,218		$	(435,635)		$	2,768,494
Total loans held for investment, net			1,569,530			—			442,016			—			3,353			2,014,899
Total loans held for sale			—			44,286			—			—			(3,375)			40,911
Total deposits			2,359,650			—			—			—			(13,927)			2,345,723