Segment Reporting (Tables)

9 Months Ended

Sep. 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:


	September 30, 2023								December 31, 2022
	Community Bank		CCBX		Treasury & Administration		Consolidated		Community Bank		CCBX		Treasury & Administration		Consolidated
Assets	(dollars in thousands; unaudited)
Cash and Due from Banks	$	4,858	$	10,485	$	459,603	$	474,946	$	4,603	$	12,899	$	324,637	$	342,139
Intrabank assets	—		560,463		(560,463)		—		—		254,096		(254,096)		—
Securities	—		—		141,489		141,489		—		—		98,353		98,353
Loans held for sale	—		—		—		—		—		—		—		—
Total loans receivable	1,784,661		1,182,374		—		2,967,035		1,614,752		1,012,504		—		2,627,256
Allowance for credit losses	(21,316)		(79,769)		—		(101,085)		(20,636)		(53,393)		—		(74,029)
All other assets	30,983		118,859		46,038		195,880		25,508		76,111		49,129		150,748
Total assets	$	1,799,186	$	1,792,412	$	86,667	$	3,678,265	$	1,624,227	$	1,302,217	$	218,023	$	3,144,467
Liabilities
Total deposits	$	1,537,468	$	1,752,232	$	—	$	3,289,700	$	1,538,218	$	1,279,303	$	—	$	2,817,521
Total borrowings	—		—		47,695		47,695		—		—		47,587		47,587
Intrabank liabilities	254,268		—		(254,268)		—		80,392		—		(80,392)		—
All other liabilities	7,450		40,180		8,790		56,420		5,617		22,914		7,334		35,865
Total liabilities	$	1,799,186	$	1,792,412	$	(197,783)	$	3,393,815	$	1,624,227	$	1,302,217	$	(25,471)	$	2,900,973


	Three months ended September 30, 2023								Three months ended September 30, 2022
	Community Bank		CCBX		Treasury & Administration		Consolidated		Community Bank		CCBX		Treasury & Administration		Consolidated
	(dollars in thousands; unaudited)
Net interest income, before intrabank transfer	$	22,306	$	35,895	$	4,028	$	62,229	$	20,237	$	26,374	$	2,578	$	49,189
Interest (expense) income intrabank transfer	(3,036)		5,095		(2,059)		—		441		1,321		(1,762)		—
Provision/(recapture) for credit losses - loans	664		26,493		—		27,157		(238)		18,666		—		18,428
Provision for unfunded commitments	—		96		—		96		—		—		—		—
Noninterest income (1)	1,162		33,296		121		34,579		1,139		33,291		(39)		34,391
Noninterest expense	10,065		38,555		7,881		56,501		8,368		34,858		7,861		51,087
Net income before income taxes	9,703		9,142		(5,791)		13,054		13,687		7,462		(7,084)		14,065
Income taxes	2,068		1,951		(1,235)		2,784		2,883		1,572		(1,491)		2,964
Net Income	$	7,635	$	7,191	$	(4,556)	$	10,270	$	10,804	$	5,890	$	(5,593)	$	11,101

(1)For the three months ended September 30, 2023, CCBX noninterest income includes credit enhancements of $25.9 million, fraud enhancements of $2.9 million, and BaaS program income of $4.4 million. For the three months ended September 30, 2022, CCBX noninterest income includes credit enhancements of $17.9 million, fraud enhancements of $11.7 million and BaaS program income of $3.6 million.


	Nine Months Ended September 30, 2023								Nine Months Ended September 30, 2022
	Community Bank		CCBX		Treasury & Administration		Consolidated		Community Bank		CCBX		Treasury & Administration		Consolidated
	(dollars in thousands; unaudited)
Net interest income, before intrabank transfer	$	66,887	$	102,311	$	9,872	$	179,070	$	56,011	$	58,172	$	4,160	$	118,343
Interest income (expense) intrabank transfer	(6,605)		11,234		(4,629)		—		872		2,051		(2,923)		—
Provision for credit losses - loans	1,045		122,254		—		123,299		214		45,250		—		45,464
(Recapture)/Provision for unfunded commitments	(203)		107		—		(96)		—		—		—		—
Noninterest income(1)	3,866		138,094		521		142,481		4,052		77,681		136		81,869
Noninterest expense	28,748		102,192		22,134		153,074		23,735		77,792		18,144		119,671
Net income before income taxes	34,558		27,086		(16,370)		45,274		36,986		14,862		(16,771)		35,077
Income taxes	7,409		5,807		(3,509)		9,707		7,982		3,207		(3,619)		7,570
Net Income	$	27,149	$	21,279	$	(12,861)	$	35,567	$	29,004	$	11,655	$	(13,152)	$	27,507

(1)For the nine months ended September 30, 2023, CCBX noninterest income includes credit enhancements of $119.3 million, fraud enhancements of $6.4 million and BaaS program income of $11.9 million. For the nine months ended September 30, 2022, CCBX noninterest income includes credit enhancements of $45.2 million, fraud enhancements of $22.8 million and BaaS program income of $9.3 million.