Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

Summary of Financial Information of Reportable Segments and Reconciliation to Consolidated Financial Results

Summarized financial information concerning the Company's reportable segments and the reconciliation to the consolidated financial results is shown in the following tables for the periods indicated:


	June 30, 2023								December 31, 2022
	Community Bank		CCBX		Treasury & Administration		Total		Community Bank		CCBX		Treasury & Administration		Total
Assets	(dollars in thousands; unaudited)
Cash and Due from Banks	$	4,382	$	7,179	$	263,499	$	275,060	$	4,603	$	12,899	$	324,637	$	342,139
Intrabank assets	—		304,408		(304,408)		—		—		254,096		(254,096)		—
Securities	—		—		110,730		110,730		—		—		98,353		98,353
Loans held for sale	—		35,923		—		35,923		—		—		—		—
Total loans receivable	1,713,034		1,294,519		—		3,007,553		1,614,752		1,012,504		—		2,627,256
Allowance for credit losses	(20,653)		(90,109)		—		(110,762)		(20,636)		(53,393)		—		(74,029)
All other assets	27,164		131,260		58,355		216,779		25,508		76,111		49,129		150,748
Total assets	$	1,723,927	$	1,683,180	$	128,176	$	3,535,283	$	1,624,227	$	1,302,217	$	218,023	$	3,144,467
Liabilities
Total deposits	$	1,509,458	$	1,653,114	$	—	$	3,162,572	$	1,538,218	$	1,279,303	$	—	$	2,817,521
Total borrowings	—		—		47,658		47,658		—		—		47,587		47,587
Intrabank liabilities	207,651		—		(207,651)		—		80,392		—		(80,392)		—
All other liabilities	6,818		30,066		15,507		52,391		5,617		22,914		7,334		35,865
Total liabilities	$	1,723,927	$	1,683,180	$	(144,486)	$	3,262,621	$	1,624,227	$	1,302,217	$	(25,471)	$	2,900,973


	Three months ended June 30, 2023								Three months ended June 30, 2022
	Community Bank		CCBX		Treasury & Administration		Total		Community Bank		CCBX		Treasury & Administration		Total
	(dollars in thousands; unaudited)
Net interest income, before intrabank transfer	$	22,904	$	36,620	$	2,826	$	62,350	$	18,568	$	19,926	$	1,392	$	39,886
Interest income (expense) intrabank transfer	(2,490)		3,487		(997)		—		303		532		(835)		—
(Recapture)/Provision for credit losses - loans	(47)		52,645		—		52,598		108		13,986		—		14,094
(Recapture)/Provision for unfunded commitments	(340)		(5)		—		(345)		—		—		—		—
Noninterest income (1)	1,613		56,718		264		58,595		1,355		24,048		89		25,492
Noninterest expense	9,592		35,196		7,122		51,910		7,721		24,527		5,921		38,169
Net income before income taxes	12,822		8,989		(5,029)		16,782		12,397		5,993		(5,275)		13,115
Income taxes	2,949		2,089		(1,162)		3,876		2,777		1,344		(1,182)		2,939
Net Income	$	9,873	$	6,900	$	(3,867)	$	12,906	$	9,620	$	4,649	$	(4,093)	$	10,176

(1)For the three months ended June 30, 2023, CCBX noninterest income includes credit enhancements of $51.0 million, fraud enhancements of $1.5 million, and BaaS program income of $3.9 million. For the three months ended June 30, 2022, CCBX noninterest income includes credit enhancements of $14.2 million, fraud enhancements of $6.5 million and BaaS program income of $3.2 million.


	Six Months Ended June 30, 2023								Six Months Ended June 30, 2022
	Community Bank		CCBX		Treasury & Administration		Total		Community Bank		CCBX		Treasury & Administration		Total
	(dollars in thousands; unaudited)
Net interest income, before intrabank transfer	$	44,582	$	66,415	$	5,844	$	116,841	$	35,773	$	31,799	$	1,582	$	69,154
Interest income (expense) intrabank transfer	(3,569)		6,139		(2,570)		—		431		730		(1,161)		—
Provision for credit losses - loans	381		95,761		—		96,142		452		26,584		—		27,036
(Recapture)/Provision for unfunded commitments	(203)		11		—		(192)		—		—		—		—
Noninterest income(1)	2,704		104,798		400		107,902		2,912		44,389		177		47,478
Noninterest expense	18,685		63,634		14,254		96,573		15,367		42,934		10,283		68,584
Net income before income taxes	$	24,854	$	17,946	$	(10,580)	$	32,220	$	23,297	$	7,400	$	(9,685)	$	21,012
Income taxes	5,340		3,856		(2,273)		6,923		5,103		1,626		(2,123)		4,606
Net Income	19,514		14,090		(8,307)		25,297		18,194		5,774		(7,562)		16,406

(1)For the six months ended June 30, 2023, CCBX noninterest income includes credit enhancements of $93.4 million, fraud enhancements of $3.5 million and BaaS program income of $7.5 million. For the six months ended June 30, 2022, CCBX noninterest income includes credit enhancements of $27.3 million, fraud enhancements of $11.0 million and BaaS program income of $5.7 million.