Segment Information (Tables)

9 Months Ended

Sep. 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 September 30, 2026
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated
Interest income	$43,905	$4,578	$680	$49,163
Interest expense	8,131	1,386	759	10,276
Net interest income	35,774	3,192	(79)	38,887
Provision (benefit) for credit losses	(134)	(575)	8,433	7,724
Net interest income (loss) after provision for credit losses	35,908	3,767	(8,512)	31,163
Net realized gains on mortgage loans sold	—	3,693	—	3,693
Change in fair value of mortgage loan commitments, net	—	(140)	—	(140)
Total production revenue	—	3,553	—	3,553
Mortgage servicing revenue	—	3,304	—	3,304
Change in fair value of mortgage servicing rights:
Due to changes in model inputs of assumptions	—	2,275	—	2,275
Other	—	(692)	—	(692)
Total mortgage servicing revenue, net	—	4,887	—	4,887
Other mortgage banking revenue	—	306	—	306
Total mortgage banking income	—	8,746	—	8,746
Purchased receivable income	—	—	6,695	6,695
Other operating income	5,260	—	61	5,321
Total other operating income	5,260	8,746	6,756	20,762
Salaries and other personnel expense	12,339	5,925	2,439	20,703
Data processing expense	3,198	307	223	3,728
Occupancy expense	1,476	362	64	1,902
Professional and outside services	1,682	286	329	2,297
Marketing expense	551	69	9	629
Insurance expense	401	11	—	412
Compensation expense - Sallyport acquisition payments	—	—	500	500
Other operating expense	1,978	747	283	3,008
Total other operating expense	21,625	7,707	3,847	33,179
Income (loss) before provision for income taxes	19,543	4,806	(5,603)	18,746
Provision (benefit) for income taxes	4,351	1,312	(1,325)	4,338
Net income (loss)	$15,192	$3,494	($4,278)	$14,408


Three Months Ended September 30, 2026
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated
Interest income	$43,905	$4,578	$680	$49,163
Mortgage banking income - external revenue	—	8,746	—	8,746
Mortgage banking income - intersegment revenues	—	1,380	—	1,380
Purchased receivable income	—	—	6,695	6,695
Other operating income	5,260	—	61	5,321
	49,165	14,704	7,436	71,305
Reconciliation of revenue
Elimination of intersegment revenues	—	(1,380)	—	(1,380)
Total consolidated revenues	$49,165	$13,324	$7,436	$69,925
Less:
Interest expense	8,131	1,386	759	10,276
Provision for credit losses	(134)	(575)	8,433	7,724
Segment gross profit	41,168	12,513	(1,756)	51,925

Less(1):
Salaries and other personnel expense	$12,339	$5,925	$2,439	$20,703
Data processing expense	3,198	307	223	3,728
Occupancy expense	1,476	362	64	1,902
Professional and outside services	1,682	286	329	2,297
Marketing expense	551	69	9	629
Insurance expense	401	11	—	412
Compensation expense - Sallyport acquisition payments	—	—	500	500
Intersegment expense	1,380	—	—	1,380
Other segment items(2)	1,978	747	283	3,008
Segment expense	23,005	7,707	3,847	34,559

Reconciliation of expense
Elimination of intersegment expense	($1,380)	$—	$—	(1,380)
Total consolidated expense	$21,625	$7,707	$3,847	$33,179

Income before provision for income taxes	$19,543	$4,806	($5,603)	$18,746

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 September 30, 2025
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated
Interest income	$40,743	$4,315	$920	$45,978
Interest expense	8,434	1,503	695	10,632
Net interest income	32,309	2,812	225	35,346
Provision (benefit) for credit losses	1,561	158	(3)	1,716
Net interest income after provision for credit losses	30,748	2,654	228	33,630
Net realized gains on mortgage loans sold	—	4,810	—	4,810
Change in fair value of mortgage loan commitments, net	—	371	—	371
Total production revenue	—	5,181	—	5,181
Mortgage servicing revenue	—	3,056	—	3,056
Change in fair value of mortgage servicing rights:
Due to changes in model inputs of assumptions	—	(638)	—	(638)
Other	—	(612)	—	(612)
Total mortgage servicing revenue, net	—	1,806	—	1,806
Other mortgage banking revenue	—	286	—	286
Total mortgage banking income	—	7,273	—	7,273
Purchased receivable income	—	—	7,269	7,269
Other operating income (loss)	17,107	—	(410)	16,697
Total other operating income	17,107	7,273	6,859	31,239
Salaries and other personnel expense	12,181	5,505	1,746	19,432
Data processing expense	2,826	269	145	3,240
Occupancy expense	1,359	493	69	1,921
Professional and outside services	713	249	150	1,112
Marketing expense	397	110	1	508
Insurance expense	780	22	—	802
Compensation expense - Sallyport acquisition payments	—	—	600	600
Other operating expense	1,709	717	259	2,685
Total other operating expense	19,965	7,365	2,970	30,300
Income before provision for income taxes	27,890	2,562	4,117	34,569
Provision for income taxes	5,634	706	1,164	7,504
Net income	$22,256	$1,856	$2,953	$27,065


Three Months Ended September 30, 2025
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated
Interest income	$40,743	$4,315	$920	$45,978
Mortgage banking income - external revenue	—	7,273	—	7,273
Mortgage banking income - intersegment revenues	—	527	—	527
Purchased receivable income	—	—	7,269	7,269
Other operating income	17,107	—	(410)	16,697
	57,850	12,115	7,779	77,744
Reconciliation of revenue
Elimination of intersegment revenues	—	(527)	—	(527)
Total consolidated revenues	$57,850	$11,588	$7,779	$77,217
Less:
Interest expense	8,434	1,503	695	10,632
Provision (benefit) for credit losses	1,561	158	(3)	1,716
Segment gross profit	47,855	9,927	7,087	64,869

Less(1):
Salaries and other personnel expense	$12,181	$5,505	$1,746	$19,432
Data processing expense	2,826	269	145	3,240
Occupancy expense	1,359	493	69	1,921
Professional and outside services	713	249	150	1,112
Marketing expense	397	110	1	508
Insurance expense	780	22	—	802
Compensation expense - Sallyport acquisition payments	—	—	600	600
Intersegment expense	527	—	—	527
Other segment items(2)	1,709	717	259	2,685
Segment expense	20,492	7,365	2,970	30,827

Reconciliation of expense
Elimination of intersegment expense	($527)	$—	$—	(527)
Total consolidated expense	$19,965	$7,365	$2,970	$30,300

Income before provision for income taxes	$27,890	$2,562	$4,117	$34,569

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.


	Nine Months Ended September 30, 2026
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated
Interest income	$125,066	$13,702	$2,445	$141,213
Interest expense	24,216	4,240	2,073	30,529
Net interest income	100,850	9,462	372	110,684
Provision for credit losses	522	266	9,523	10,311
Net interest income (loss) after provision for credit losses	100,328	9,196	(9,151)	100,373
Net realized gains on mortgage loans sold	—	12,098	—	12,098
Change in fair value of mortgage loan commitments, net	—	378	—	378
Total production revenue	—	12,476	—	12,476
Mortgage servicing revenue	—	8,539	—	8,539
Change in fair value of mortgage servicing rights:
Due to changes in model inputs of assumptions	—	2,372	—	2,372
Other	—	(1,844)	—	(1,844)
Total mortgage servicing revenue, net	—	9,067	—	9,067
Other mortgage banking revenue	—	802	—	802
Total mortgage banking income	—	22,345	—	22,345
Purchased receivable income	—	—	19,300	19,300
Other operating income (loss)	10,773	—	(40)	10,733
Total other operating income	10,773	22,345	19,260	52,378
Salaries and other personnel expense	37,148	17,600	6,245	60,993
Data processing expense	9,009	907	599	10,515
Occupancy expense	4,425	1,202	204	5,831
Professional and outside services	3,447	798	639	4,884
Marketing expense	1,947	246	23	2,216
Insurance expense	1,202	46	—	1,248
Compensation expense - Sallyport acquisition payments	—	—	1,500	1,500
Other operating expense	5,271	2,231	1,134	8,636
Total other operating expense	62,449	23,030	10,344	95,823
Income (loss) before provision for income taxes	48,652	8,511	(235)	56,928
Provision (benefit) for income taxes	11,215	2,324	(36)	13,503
Net income (loss)	$37,437	$6,187	($199)	$43,425


Nine Months Ended September 30, 2026
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated
Interest income	$125,066	$13,702	$2,445	$141,213
Mortgage banking income - external revenue	—	22,345	—	22,345
Mortgage banking income - intersegment revenues	—	3,258	—	3,258
Purchased receivable income	—	—	19,300	19,300
Other operating income (loss)	10,773	—	(40)	10,733
	135,839	39,305	21,705	196,849
Reconciliation of revenue
Elimination of intersegment revenues	—	(3,258)	—	(3,258)
Total consolidated revenues	$135,839	$36,047	$21,705	$193,591
Less:
Interest expense	24,216	4,240	2,073	30,529
Provision for credit losses	522	266	9,523	10,311
Segment gross profit	111,101	31,541	10,109	152,751

Less(1):
Salaries and other personnel expense	$37,148	$17,600	$6,245	$60,993
Data processing expense	9,009	907	599	10,515
Occupancy expense	4,425	1,202	204	5,831
Professional and outside services	3,447	798	639	4,884
Marketing expense	1,947	246	23	2,216
Insurance expense	1,202	46	—	1,248
Compensation expense - Sallyport acquisition payments	—	—	1,500	1,500
Intersegment expense	3,258	—	—	3,258
Other segment items(2)	5,271	2,231	1,134	8,636
Segment expense	65,707	23,030	10,344	99,081

Reconciliation of expense
Elimination of intersegment expense	($3,258)	$—	$—	(3,258)
Total consolidated expense	$62,449	$23,030	$10,344	$95,823

Income (loss) before provision for income taxes	$48,652	$8,511	($235)	$56,928

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.


	Nine Months Ended September 30, 2025
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated
Interest income	$116,286	$13,754	$2,298	$132,338
Interest expense	25,855	4,389	1,859	32,103
Net interest income	90,431	9,365	439	100,235
Provision (benefit) for credit losses	1,112	490	681	2,283
Net interest income (loss) after provision for credit losses	89,319	8,875	(242)	97,952
Net realized gains on mortgage loans sold	—	11,481	—	11,481
Change in fair value of mortgage loan commitments, net	—	921	—	921
Total production revenue	—	12,402	—	12,402
Mortgage servicing revenue	—	8,709	—	8,709
Change in fair value of mortgage servicing rights:		—		—
Due to changes in model inputs of assumptions	—	(1,315)	—	(1,315)
Other	—	(1,608)	—	(1,608)
Total mortgage servicing revenue, net	—	5,786	—	5,786
Other mortgage banking revenue	—	736	—	736
Total mortgage banking income	—	18,924	—	18,924
Purchased receivable income	—	—	19,316	19,316
Other operating income (loss)	23,078	—	(399)	22,679
Total other operating income	23,078	18,924	18,917	60,919
Salaries and other personnel expense	36,305	15,956	5,248	57,509
Data processing expense	8,455	802	453	9,710
Occupancy expense	4,216	1,487	211	5,914
Professional and outside services	1,908	763	669	3,340
Marketing expense	1,809	403	10	2,222
Insurance expense	2,502	66	7	2,575
Compensation expense - Sallyport acquisition payments	—	—	1,800	1,800
Other operating expense	5,115	1,971	803	7,889
Total other operating expense	60,310	21,448	9,201	90,959
Income (loss) before provision for income taxes	52,087	6,351	9,474	67,912
Provision for income taxes	11,300	1,762	2,683	15,745
Net income (loss)	$40,787	$4,589	$6,791	$52,167


Nine Months Ended September 30, 2025
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated
Interest income	$116,286	$13,754	$2,298	$132,338
Mortgage banking income - external revenue	—	18,924	—	18,924
Mortgage banking income - intersegment revenues	—	1,883	—	1,883
Purchased receivable income	—	—	19,316	19,316
Other operating income (loss)	23,078	—	(399)	22,679
	139,364	34,561	21,215	195,140
Reconciliation of revenue
Elimination of intersegment revenues	—	(1,883)	—	(1,883)
Total consolidated revenues	$139,364	$32,678	$21,215	$193,257
Less:
Interest expense	25,855	4,389	1,859	32,103
Provision (benefit) for credit losses	1,112	490	681	2,283
Segment gross profit	112,397	27,799	18,675	158,871

Less(1):
Salaries and other personnel expense	$36,305	$15,956	$5,248	$57,509
Data processing expense	8,455	802	453	9,710
Occupancy expense	4,216	1,487	211	5,914
Professional and outside services	1,908	763	669	3,340
Marketing expense	1,809	403	10	2,222
Insurance expense	2,502	66	7	2,575
Compensation expense - Sallyport acquisition payments	—	—	1,800	1,800
Intersegment expense	1,883	—	—	1,883
Other segment items(2)	5,115	1,971	803	7,889
Segment expense	62,193	21,448	9,201	92,842

Reconciliation of expense
Elimination of intersegment expense	($1,883)	$—	$—	(1,883)
Total consolidated expense	$60,310	$21,448	$9,201	$90,959

Income before provision for income taxes	$52,087	$6,351	$9,474	$67,912

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.


September 30, 2026
(In Thousands)	Community Banking	Home Mortgage Lending	Specialty Finance	Consolidated
Total assets	$2,940,936	$436,120	$202,976	$3,580,032
Loans held for sale	$—	$136,702	$—	$136,702
Loans	$2,132,276	$239,968	$28,383	$2,400,627
Purchased receivables, net	$—	$—	$102,243	$102,243
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