Segment Information (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2026
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated

Interest income	$41,124	$4,934	$1,096	$47,154
Interest expense	7,888	1,460	670	10,018
Net interest income	33,236	3,474	426	37,136
Provision for credit losses	503	279	845	1,627
Net interest income after provision for credit losses	32,733	3,195	(419)	35,509
Net realized gains on mortgage loans sold	—	5,408	—	5,408
Change in fair value of mortgage loan commitments, net	—	(202)	—	(202)
Total production revenue	—	5,206	—	5,206
Mortgage servicing revenue	—	2,568	—	2,568
Change in fair value of mortgage servicing rights:
Due to changes in model inputs of assumptions	—	(366)	—	(366)
Other	—	(562)	—	(562)
Total mortgage servicing revenue, net	—	1,640	—	1,640
Other mortgage banking revenue	—	292	—	292
Total mortgage banking income	—	7,138	—	7,138
Purchased receivable income	—	—	6,473	6,473
Other operating income	3,097	—	29	3,126
Total other operating income	3,097	7,138	6,502	16,737
Salaries and other personnel expense	12,418	6,399	1,967	20,784
Data processing expense	2,977	299	206	3,482
Occupancy expense	1,384	372	69	1,825
Professional and outside services	935	258	235	1,428
Marketing expense	640	40	6	686
Insurance expense	417	15	—	432
Compensation expense - Sallyport acquisition payments	—	—	500	500
Other operating expense	1,663	739	483	2,885
Total other operating expense	20,434	8,122	3,466	32,022
Income before provision for income taxes	15,396	2,211	2,617	20,224
Provision for income taxes	3,651	604	627	4,882
Net income	$11,745	$1,607	$1,990	$15,342


Three Months Ended June 30, 2026
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated

Interest income	$41,124	$4,934	$1,096	$47,154
Mortgage banking income - external revenue	—	7,138	—	7,138
Mortgage banking income - intersegment revenues	—	924	—	924
Purchased receivable income	—	—	6,473	6,473
Other operating income	3,097	—	29	3,126
	44,221	12,996	7,598	64,815
Reconciliation of revenue
Elimination of intersegment revenues	—	(924)	—	(924)
Total consolidated revenues	$44,221	$12,072	$7,598	$63,891
Less:
Interest expense	7,888	1,460	670	10,018
Provision for credit losses	503	279	845	1,627
Segment gross profit	35,830	10,333	6,083	52,246

Less(1):
Salaries and other personnel expense	$12,418	$6,399	$1,967	$20,784
Data processing expense	2,977	299	206	3,482
Occupancy expense	1,384	372	69	1,825
Professional and outside services	935	258	235	1,428
Marketing expense	640	40	6	686
Insurance expense	417	15	—	432
Compensation expense - Sallyport acquisition payments	—	—	500	500
Intersegment expense	924	—	—	924
Other segment items(2)	1,663	739	483	2,885
Segment expense	21,358	8,122	3,466	32,946

Reconciliation of expense
Elimination of intersegment expense	($924)	$—	$—	(924)
Total consolidated expense	$20,434	$8,122	$3,466	$32,022

Income before provision for income taxes	$15,396	$2,211	$2,617	$20,224

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 June 30, 2025
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated

Interest income	$38,969	$5,048	$782	$44,799
Interest expense	8,998	1,541	668	11,207
Net interest income	29,971	3,507	114	33,592
Provision for credit losses	1,319	639	18	1,976
Net interest income after provision for credit losses	28,652	2,868	96	31,616
Net realized gains on mortgage loans sold	—	5,091	—	5,091
Change in fair value of mortgage loan commitments, net	—	(110)	—	(110)
Total production revenue	—	4,981	—	4,981
Mortgage servicing revenue	—	2,957	—	2,957
Change in fair value of mortgage servicing rights:
Due to changes in model inputs of assumptions	—	(355)	—	(355)
Other	—	(463)	—	(463)
Total mortgage servicing revenue, net	—	2,139	—	2,139
Other mortgage banking revenue	—	280	—	280
Total mortgage banking income	—	7,400	—	7,400
Purchased receivable income	—	—	5,897	5,897
Other operating income	3,268	—	75	3,343
Total other operating income	3,268	7,400	5,972	16,640
Salaries and other personnel expense	13,360	5,682	1,812	20,854
Data processing expense	2,960	270	136	3,366
Occupancy expense	1,476	556	72	2,104
Professional and outside services	634	258	221	1,113
Marketing expense	894	142	6	1,042
Insurance expense	734	21	1	756
Compensation expense - Sallyport acquisition payments	—	—	600	600
Other operating expense	1,706	664	283	2,653
Total other operating expense	21,764	7,593	3,131	32,488
Income before provision for income taxes	10,156	2,675	2,937	15,768
Provision (benefit) for income taxes	2,413	746	831	3,990
Net income	$7,743	$1,929	$2,106	$11,778


Three Months Ended June 30, 2025
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated

Interest income	$38,969	$5,048	$782	$44,799
Mortgage banking income - external revenue	—	7,400	—	7,400
Mortgage banking income - intersegment revenues	—	914	—	914
Purchased receivable income	—	—	5,897	5,897
Other operating income	3,268	—	75	3,343
	42,237	13,362	6,754	62,353
Reconciliation of revenue
Elimination of intersegment revenues	—	(914)	—	(914)
Total consolidated revenues	$42,237	$12,448	$6,754	$61,439
Less:
Interest expense	8,998	1,541	668	11,207
Provision for credit losses	1,319	639	18	1,976
Segment gross profit	31,920	10,268	6,068	48,256

Less(1):
Salaries and other personnel expense	$13,360	$5,682	$1,812	$20,854
Data processing expense	2,960	270	136	3,366
Occupancy expense	1,476	556	72	2,104
Professional and outside services	634	258	221	1,113
Marketing expense	894	142	6	1,042
Insurance expense	734	21	1	756
Compensation expense - Sallyport acquisition payments	—	—	600	600
Intersegment expense	914	—	—	914
Other segment items(2)	1,706	664	283	2,653
Segment expense	22,678	7,593	3,131	33,402

Reconciliation of expense
Elimination of intersegment expense	($914)	$—	$—	(914)
Total consolidated expense	$21,764	$7,593	$3,131	$32,488

Income before provision for income taxes	$10,156	$2,675	$2,937	$15,768

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.


	Six Months Ended June 30, 2026
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated

Interest income	$81,160	$9,125	$1,765	$92,050
Interest expense	16,084	2,855	1,314	20,253
Net interest income	65,076	6,270	451	71,797
Provision for credit losses	656	841	1,090	2,587
Net interest income after provision for credit losses	64,420	5,429	(639)	69,210
Net realized gains on mortgage loans sold	—	8,405	—	8,405
Change in fair value of mortgage loan commitments, net	—	518	—	518
Total production revenue	—	8,923	—	8,923
Mortgage servicing revenue	—	5,235	—	5,235
Change in fair value of mortgage servicing rights:
Due to changes in model inputs of assumptions	—	97	—	97
Other	—	(1,152)	—	(1,152)
Total mortgage servicing revenue, net	—	4,180	—	4,180
Other mortgage banking revenue	—	496	—	496
Total mortgage banking income	—	13,599	—	13,599
Purchased receivable income	—	—	12,605	12,605
Other operating income	5,513	—	(101)	5,412
Total other operating income	5,513	13,599	12,504	31,616
Salaries and other personnel expense	24,810	11,674	3,806	40,290
Data processing expense	5,813	599	375	6,787
Occupancy expense	2,949	840	140	3,929
Professional and outside services	1,766	511	310	2,587
Marketing expense	1,396	177	14	1,587
Insurance expense	801	35	—	836
Compensation expense - Sallyport acquisition payments	—	—	1,000	1,000
Other operating expense	3,289	1,487	852	5,628
Total other operating expense	40,824	15,323	6,497	62,644
Income before provision for income taxes	29,109	3,705	5,368	38,182
Provision for income taxes	6,864	1,012	1,289	9,165
Net income	$22,245	$2,693	$4,079	$29,017


Six Months Ended June 30, 2026
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated

Interest income	$81,160	$9,125	$1,765	$92,050
Mortgage banking income - external revenue	—	13,599	—	13,599
Mortgage banking income - intersegment revenues	—	1,878	—	1,878
Purchased receivable income	—	—	12,605	12,605
Other operating income	5,513	—	(101)	5,412
	86,673	24,602	14,269	125,544
Reconciliation of revenue
Elimination of intersegment revenues	—	(1,878)	—	(1,878)
Total consolidated revenues	$86,673	$22,724	$14,269	$123,666
Less:
Interest expense	16,084	2,855	1,314	20,253
Provision for credit losses	656	841	1,090	2,587
Segment gross profit	69,933	19,028	11,865	100,826

Less(1):
Salaries and other personnel expense	$24,810	$11,674	$3,806	$40,290
Data processing expense	5,813	599	375	6,787
Occupancy expense	2,949	840	140	3,929
Professional and outside services	1,766	511	310	2,587
Marketing expense	1,396	177	14	1,587
Insurance expense	801	35	—	836
Compensation expense - Sallyport acquisition payments	—	—	1,000	1,000
Intersegment expense	1,878	—	—	1,878
Other segment items(2)	3,289	1,487	852	5,628
Segment expense	42,702	15,323	6,497	64,522

Reconciliation of expense
Elimination of intersegment expense	($1,878)	$—	$—	(1,878)
Total consolidated expense	$40,824	$15,323	$6,497	$62,644

Income before provision for income taxes	$29,109	$3,705	$5,368	$38,182

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.


	Six Months Ended June 30, 2025
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated

Interest income	$75,542	$9,440	$1,378	$86,360
Interest expense	17,420	2,887	1,164	21,471
Net interest income	58,122	6,553	214	64,889
Provision (benefit) for credit losses	(449)	332	684	567
Net interest income after provision for credit losses	58,571	6,221	(470)	64,322
Net realized gains on mortgage loans sold	—	6,671	—	6,671
Change in fair value of mortgage loan commitments, net	—	550	—	550
Total production revenue	—	7,221	—	7,221
Mortgage servicing revenue	—	5,653	—	5,653
Change in fair value of mortgage servicing rights:		—		—
Due to changes in model inputs of assumptions	—	(677)	—	(677)
Other	—	(996)	—	(996)
Total mortgage servicing revenue, net	—	3,980	—	3,980
Other mortgage banking revenue	—	450	—	450
Total mortgage banking income	—	11,651	—	11,651
Purchased receivable income	—	—	12,047	12,047
Other operating income	5,971	—	11	5,982
Total other operating income	5,971	11,651	12,058	29,680
Salaries and other personnel expense	24,124	10,451	3,502	38,077
Data processing expense	5,630	533	307	6,470
Occupancy expense	2,858	994	141	3,993
Professional and outside services	1,195	514	519	2,228
Marketing expense	1,412	293	9	1,714
Insurance expense	1,722	44	7	1,773
Compensation expense - Sallyport acquisition payments	—	—	1,200	1,200
Other operating expense	3,404	1,254	546	5,204
Total other operating expense	40,345	14,083	6,231	60,659
Income before provision for income taxes	24,197	3,789	5,357	33,343
Provision for income taxes	5,666	1,056	1,519	8,241
Net income	$18,531	$2,733	$3,838	$25,102


Six Months Ended June 30, 2025
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated

Interest income	$75,542	$9,440	$1,378	$86,360
Mortgage banking income - external revenue	—	11,651	—	11,651
Mortgage banking income - intersegment revenues	—	1,356	—	1,356
Purchased receivable income	—	—	12,047	12,047
Other operating income	5,971	—	11	5,982
	81,513	22,447	13,436	117,396
Reconciliation of revenue
Elimination of intersegment revenues	—	(1,356)	—	(1,356)
Total consolidated revenues	$81,513	$21,091	$13,436	$116,040
Less:
Interest expense	17,420	2,887	1,164	21,471
Provision (benefit) for credit losses	(449)	332	684	567
Segment gross profit	64,542	17,872	11,588	94,002

Less(1):
Salaries and other personnel expense	$24,124	$10,451	$3,502	$38,077
Data processing expense	5,630	533	307	6,470
Occupancy expense	2,858	994	141	3,993
Professional and outside services	1,195	514	519	2,228
Marketing expense	1,412	293	9	1,714
Insurance expense	1,722	44	7	1,773
Compensation expense - Sallyport acquisition payments	—	—	1,200	1,200
Intersegment expense	1,356	—	—	1,356
Other segment items(2)	3,404	1,254	546	5,204
Segment expense	41,701	14,083	6,231	62,015

Reconciliation of expense
Elimination of intersegment expense	($1,356)	$—	$—	(1,356)
Total consolidated expense	$40,345	$14,083	$6,231	$60,659

Income before provision for income taxes	$24,197	$3,789	$5,357	$33,343

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.


June 30, 2026
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated

Total assets	$2,808,516	$400,520	$206,350	$3,415,386
Loans held for sale	$—	$83,272	$—	$83,272
Loans	$2,110,524	$260,301	$15,503	$2,386,328
Purchased receivables, net	$—	$—	$122,792	$122,792
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

- Definition

Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

+ Details