XML 28 R18.htm IDEA: XBRL DOCUMENT v3.21.1
Segment Information
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s operating segments include banking, mortgage banking and small business specialty lending division. The reportable segments are determined by the products and services offered, and internal reporting. The Bank segment derives its revenues from the delivery of full-service financial services, including retail and commercial banking services and deposit accounts. The Mortgage Banking segment derives its revenues from the origination and sales of residential mortgage loans held for sale. The Small Business Specialty Lending Division segment derives its revenue from the origination, sales and servicing of Small Business Administration loans and other government guaranteed loans. Segment performance is evaluated using net interest income and noninterest income. Income taxes are allocated based on income before income taxes, and indirect expenses (includes management fees) are allocated based on various internal factors for each segment. Transactions among segments are made at fair value. Information reported internally for performance assessment follows. The following tables present information reported internally for performance assessment for the three months ended March 31, 2021 and 2020:
(dollars in thousands)BankMortgage
Banking		Small
Business
Specialty
Lending
Division		Totals
Three months ended March 31, 2021
Net Interest Income$13,985 $168 $130 $14,283 
Provision for Loan Losses500 — — 500 
Noninterest Income3,005 3,986 1,585 8,576 
Noninterest Expenses11,960 2,793 1,029 15,782 
Income Taxes1,160 354 144 1,658 
Segment Profit (Loss)$3,370 $1,007 $542 $4,919 
Segments Assets at March 31, 2021$1,755,667 $27,478 $15,901 $1,799,046 
Full time employees at March 31, 20212915123365
(dollars in thousands)BankMortgage
Banking		Small
Business
Specialty
Lending
Division		Totals
Three months ended March 31, 2020
Net Interest Income$12,656 $34 $14 $12,704 
Provision for Loan Losses1,956 — — 1,956 
Noninterest Income3,014 1,253 259 4,526 
Noninterest Expenses11,632 1,195 516 13,343 
Income Taxes368 11 (51)328 
Segment Profit$1,714 $81 $(465)$1,603 
Segments Assets at December 31, 2020$1,709,696 $50,266 $4,012 $1,763,974 
Full time employees at March 31, 20203193412365