v3.26.1
Segment Reporting
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting Note 17. Segment Reporting

The Corporation’s reportable segments are determined by the President and 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.
‎

For the Three Months Ended

March 31, 2026

Reportable Segments

(Dollars in thousands)

Community Banking

Wealth

Other (1)

Consolidated Total

Interest and dividend Income

$

27,770

$

—

$

—

$

27,770

Noninterest income

3,054

2,306

—

5,360

Total consolidated revenue

33,130

Interest expense

9,044

—

205

9,249

Provision for credit losses

221

—

—

221

Salaries and benefit expense

8,052

973

—

9,025

Other noninterest expense (2)

5,448

308 

572 

6,328

Income before income taxes

8,059

1,025 

(777)

8,307

Income tax expense

1,833

—

(163)

1,670

Net income

$

6,226

$

1,025

$

(614)

$

6,637

Total assets for reportable segments

$

2,295,698

$

1,600

220

$

2,297,518

(1)Includes parent company expense not allocated to a reportable segment and is provided to reconcile to the consolidated totals.

(2)Includes all noninterest expense items reported on the Consolidated Statement of Income, excluding salaries and benefit expense for the Community Banking Segment. Includes professional fees, data processing services, other miscellaneous expense and overhead allocations for the Wealth Segment.


‎

For the Three Months Ended

March 31, 2025

Reportable Segments

(Dollars in thousands)

Community Banking

Wealth

Other (1)

Consolidated Total

Interest and dividend Income

$

27,058

$

—

$

—

$

27,058

Noninterest income

2,354

2,215

(7)

4,562

Total consolidated revenue

31,620

Interest expense

11,188

—

264

11,452

Provision for credit losses

779

—

—

779

Salaries and benefit expense

7,484

1,022

—

8,506

Other noninterest expense (2)

5,228

275 

568 

6,071

Income before income taxes

4,733

918 

(839)

4,812

Income tax expense

1,116

—

(226)

890

Net income

$

3,617

$

918

$

(613)

$

3,922

Total assets for reportable segments

$

2,255,857

$

1,497

124

$

2,257,478

(1)Includes parent company expense not allocated to a reportable segment and is provided to reconcile to the consolidated totals.

(2)Includes all noninterest expense items reported on the Consolidated Statement of Income, excluding salaries and benefit expense for the Community Banking Segment. Includes professional fees, data processing services, other miscellaneous expense and overhead allocations for the Wealth Segment.