v3.26.1
Note 13 - Business Segments (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Segment Reporting [Table Text Block]

 

 

At or For the Three Months Ended June 30, 2026

 

Income:

 

Commercial and Consumer Banking

 

 

Home Lending

 

 

Total

 

Interest income - loans receivable, including fees

 

$

36,926

 

 

$

9,276

 

 

$

46,202

 

Interest income - other interest earnings assets

 

 

3,460

 

 

 

 

 

 

3,460

 

Total interest income by segment

 

 

40,386

 

 

 

9,276

 

 

 

49,662

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of loans

 

 

 

 

 

2,581

 

 

 

2,581

 

Other income

 

 

3,055

 

 

 

514

 

 

 

3,569

 

Intersegment income

 

 

(315

)

 

 

315

 

 

 

 

Total noninterest income by segment

 

 

2,740

 

 

 

3,410

 

 

 

6,150

 

 

 

 

 

 

 

 

 

 

 

Total income by segment

 

 

43,126

 

 

 

12,686

 

 

 

55,812

 

 

 

 

 

 

 

 

 

 

 

Expense:

 

 

 

 

 

 

 

 

 

Interest expense - deposits

 

 

13,904

 

 

 

4

 

 

 

13,908

 

Interest expense - borrowings

 

 

2,197

 

 

 

 

 

 

2,197

 

Interest expense - subordinated note

 

 

718

 

 

 

191

 

 

 

909

 

Interest expense - intersegment

 

 

(6,095

)

 

 

6,095

 

 

 

 

Total interest expense by segment

 

 

10,724

 

 

 

6,290

 

 

 

17,014

 

 

 

 

 

 

 

 

 

 

 

Provision for credit losses by segment

 

 

2,297

 

 

 

344

 

 

 

2,641

 

 

 

 

 

 

 

 

 

 

 

Salaries and benefits

 

 

8,908

 

 

 

2,445

 

 

 

11,353

 

Overhead allocation

 

 

5,531

 

 

 

1,739

 

 

 

7,270

 

Other segment items (1)

 

 

6,974

 

 

 

507

 

 

 

7,481

 

Total noninterest expense by segment

 

 

21,413

 

 

 

4,691

 

 

 

26,104

 

 

 

 

 

 

 

 

 

 

 

Income before provision for income taxes by segment

 

 

8,692

 

 

 

1,361

 

 

 

10,053

 

Provision for income taxes by segment

 

 

(1,899

)

 

 

(218

)

 

 

(2,117

)

Net income by segment

 

$

6,793

 

 

$

1,143

 

 

$

7,936

 

 

 

 

 

 

 

 

 

 

 

Other segment disclosures:

 

 

 

 

 

 

 

 

 

Segment assets

 

$

2,492,962

 

 

$

686,118

 

 

$

3,179,080

 

FTEs

 

 

476

 

 

 

117

 

 

 

593

 

At or For the Three Months Ended June 30, 2025

Income:

Commercial and Consumer Banking

Home Lending

Total

Interest income - loans receivable, including fees

$

36,083

$

8,955

$

45,038

Interest income - other interest earnings assets

3,665

3,665

Total interest income by segment

39,748

8,955

48,703

Gain on sale of loans

1,972

1,972

Other income

2,623

575

3,198

Intersegment income

(325

)

325

Total noninterest income by segment

2,298

2,872

5,170

Total income by segment

42,046

11,827

53,873

Expense:

Interest expense - deposits

14,518

2

14,520

Interest expense - borrowings

1,585

1,585

Interest expense - subordinated note

385

101

486

Interest expense - intersegment

(5,919

)

5,919

Total interest expense by segment

10,569

6,022

16,591

Provision for credit losses by segment

1,849

172

2,021

Salaries and benefits

7,869

1,986

9,855

Overhead allocation

6,185

1,829

8,014

Other segment items (1)

6,260

1,373

7,633

Total noninterest expense by segment

20,314

5,188

25,502

Income before provision for income taxes by segment

9,314

445

9,759

Provision for income taxes by segment

(1,938

)

(93

)

(2,031

)

Net income by segment

$

7,376

$

352

$

7,728

Other segment disclosures:

Segment assets

$

2,494,452

$

681,561

$

3,176,013

FTEs

452

115

567

At or For the Six Months Ended June 30, 2026

Income:

Commercial and Consumer Banking

Home Lending

Total

Interest income - loans receivable, including fees

$

73,950

$

18,264

$

92,214

Interest income - other interest earnings assets

6,781

6,781

Total interest income by segment

80,731

18,264

98,995

Gain on sale of loans

4,965

4,965

Other income

5,837

749

6,586

Intersegment income

(633

)

633

Total noninterest income by segment

5,204

6,347

11,551

Total income by segment

85,935

24,611

110,546

Expense:

Interest expense - deposits

28,616

5

28,621

Interest expense - borrowings

3,581

3,581

Interest expense - subordinated note

1,267

333

1,600

Interest expense - intersegment

(11,947

)

11,947

Total interest expense by segment

21,517

12,285

33,802

Provision for credit losses by segment

4,842

328

5,170

Salaries and benefits

17,219

4,449

21,668

Overhead allocation

11,622

3,623

15,245

Other segment items (1)

13,434

1,277

14,711

Total noninterest expense by segment

42,275

9,349

51,624

Income before provision for income taxes by segment

17,301

2,649

19,950

Provision for income taxes by segment

(3,762

)

(422

)

(4,184

)

Net income by segment

$

13,539

$

2,227

$

15,766

Other segment disclosures:

Segment assets

$

2,492,962

$

686,118

$

3,179,080

FTEs

476

117

593

At or For the Six Months Ended June 30, 2025

Income:

Commercial and Consumer Banking

Home Lending

Total

Interest income - loans receivable, including fees

$

71,011

$

17,329

$

88,340

Interest income - other interest earnings assets

7,150

7,150

Total interest income by segment

78,161

17,329

95,490

Gain on sale of loans

3,672

3,672

Other income

5,195

1,429

6,624

Intersegment income

(652

)

652

Total noninterest income by segment

4,543

5,753

10,296

Total income by segment

82,704

23,082

105,786

Expense:

Interest expense - deposits

27,574

4

27,578

Interest expense - borrowings

3,848

3,848

Interest expense - subordinated note

771

200

971

Interest expense - intersegment

(11,617

)

11,617

Total interest expense by segment

20,576

11,821

32,397

Provision for credit losses by segment

3,170

443

3,613

Salaries and benefits

15,539

4,258

19,797

Overhead allocation

11,562

3,653

15,215

Other segment items (1)

13,388

2,156

15,544

Total noninterest expense by segment

40,489

10,067

50,556

Income before provision for income taxes by segment

18,469

751

19,220

Provision for income taxes by segment

(3,314

)

(157

)

(3,471

)

Net income by segment

$

15,155

$

594

$

15,749

Other segment disclosures:

Segment assets

$

2,494,452

$

681,561

$

3,176,013

FTEs

452

115

567