Segments (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following schedule presents financial information for each reportable segment at June 30, 2022 and June 30, 2021.

Segments
For the Three Months Ended June 30, 2022
(in thousands)	Commercial Bank		CBHL		OpenSky®		Corporate(2)		Eliminations		Consolidated
Interest income	$	18,912	$	134	$	16,780	$	758	$	(28)	$	36,556
Interest expense	952		64		—		168		(28)		1,156
Net interest income	17,960		70		16,780		590		—		35,400
Provision for loan losses	—		—		2,035		—		—		2,035
Net interest income after provision	17,960		70		14,745		590		—		33,365
Noninterest income	526		1,626		6,210		—		—		8,362
Noninterest expense(1)	12,859		2,217		11,940		114		—		27,130
Net income before taxes	$	5,627	$	(521)	$	9,015	$	476	$	—	$	14,597
Total assets	$	1,958,893	$	12,257	$	137,180	$	226,950	$	(180,434)	$	2,154,846
For the Three Months Ended June 30, 2021
Interest income	$	17,297	$	313	$	11,114	$	600	$	(35)	$	29,289
Interest expense	1,413		221		—		170		(35)		1,769
Net interest income	15,884		92		11,114		430		—		27,520
Provision for loan losses	349		—		432		—		—		781
Net interest income after provision	15,535		92		10,682		430		—		26,739
Noninterest income	260		5,454		7,715		42		—		13,471
Noninterest expense(1)	10,489		3,283		13,328		105		—		27,205
Net income before taxes	$	5,306	$	2,263	$	5,069	$	367	$	—	$	13,005
Total assets	$	1,943,106	$	49,110	$	128,009	$	197,071	$	(165,446)	$	2,151,850

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(1)     Noninterest expense includes $6.7 million and $9.3 million in data processing expense in OpenSky’s® segment for the three months ended June 30, 2022 and 2021, respectively.

(2)    The Corporate segment invests idle cash in revenue producing assets including interest-bearing cash accounts, loan participations and other appropriate investments for the Company.

For the Six Months Ended June 30, 2022
(in thousands)	Commercial Bank		CBHL		OpenSky®		Corporate(2)		Eliminations		Consolidated
Interest income	$	37,412	$	245	$	31,720	$	1,645	$	(65)	$	70,957
Interest expense	1,805		145		—		341		(65)		2,226
Net interest income	35,607		100		31,720		1,304		—		68,731
Provision for loan losses	—		—		2,987		—		—		2,987
Net interest income after provision	35,607		100		28,733		1,304		—		65,744
Noninterest income	1,083		3,433		12,134		—		—		16,650
Noninterest expense(1)	24,922		4,316		24,822		172		—		54,232
Net income before taxes	$	11,768	$	(783)	$	16,045	$	1,132	$	—	$	28,162
Total assets	$	1,958,893	$	12,257	$	137,180	$	226,950	$	(180,434)	$	2,154,846
For the Six Months Ended June 30, 2021
Interest income	$	34,861	$	789	$	19,309	$	1,029	(61)		$	55,927
Interest expense	3,124		569		—		332		(61)		3,964
Net interest income	31,737		220		19,309		697		—		51,963
Provision for loan losses	729		—		485		70		—		1,284
Net interest income after provision	31,008		220		18,824		627		—		50,679
Noninterest income	498		13,227		13,655		41		—		27,421
Noninterest expense(1)	19,888		7,202		25,702		180		—		52,972
Net income before taxes	$	11,618	$	6,245	$	6,777	$	488	$	—	$	25,128
Total assets	$	1,943,106	$	49,110	$	128,009	$	197,071	$	(165,446)	$	2,151,850

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(1)     Noninterest expense includes $14.3 million and $17.9 million in data processing expense in OpenSky’s® segment for the six months ended June 30, 2022 and 2021, respectively.

(2)    The Corporate segment invests idle cash in revenue producing assets including interest-bearing cash accounts, loan participations and other appropriate investments for the Company.