| Summary of Information Related To The Company's Bank Operating Segment |
The table below provides information related to the Company's Bank operating segment for the three and six months ended June 30, 2026 and 2025:
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Bank Segment |
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For the three months ended June 30, |
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For the six months ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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(Dollars in Thousands) |
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(Dollars in Thousands) |
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Income: |
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Interest income |
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$ |
14,657 |
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$ |
14,854 |
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$ |
29,597 |
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$ |
28,872 |
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Non-interest income |
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1,318 |
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849 |
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2,158 |
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1,724 |
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Total income |
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15,975 |
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15,703 |
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31,755 |
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30,596 |
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Less: |
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Interest expense |
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5,157 |
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5,378 |
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10,882 |
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10,499 |
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Provision for credit losses |
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939 |
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2,717 |
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1,193 |
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3,245 |
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Salaries and employee benefits |
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3,898 |
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3,945 |
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7,712 |
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7,681 |
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Net occupancy and equipment |
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1,016 |
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937 |
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1,987 |
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1,812 |
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Computer services |
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457 |
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421 |
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794 |
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|
833 |
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Insurance expense and assessments |
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408 |
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366 |
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823 |
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|
750 |
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Fees for professional services |
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310 |
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470 |
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638 |
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685 |
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Postage, stationery and supplies |
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134 |
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140 |
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275 |
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289 |
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Telephone/data communication |
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212 |
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186 |
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461 |
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385 |
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Collection and recoveries |
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99 |
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96 |
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178 |
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166 |
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Directors fees |
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126 |
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101 |
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246 |
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194 |
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Software amortization |
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156 |
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107 |
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302 |
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215 |
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Other real estate/foreclosure expense, net |
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44 |
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24 |
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95 |
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44 |
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Other segment items (1) |
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783 |
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651 |
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1,473 |
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1,308 |
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Provision for income taxes |
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483 |
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9 |
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998 |
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563 |
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Total expense |
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14,222 |
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15,548 |
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28,057 |
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28,669 |
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Segment net income |
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$ |
1,753 |
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$ |
155 |
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$ |
3,698 |
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$ |
1,927 |
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(1) Other segment items includes advertising expense, travel and business development expense, and life insurance expense.
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