Segment Information

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2021 and 2020:

(dollars in thousands)	Bank		Mortgage Banking		Small Business Specialty Lending Division		Totals
Three months ended June 30, 2021
Net Interest Income	$	14,864	$	123	$	82	$	15,069
Provision for Loan Losses	—		—		—		—
Noninterest Income	3,354		2,997		1,400		7,751
Noninterest Expenses	13,366		2,887		1,212		17,465
Income Taxes	1,241		60		57		1,358
Segment Profit	$	3,611	$	173	$	213	$	3,997
Segments Assets at June 30, 2021	$	1,710,345	$	25,149	$	20,024	$	1,755,518
Full time employees at June 30, 2021	291		51		23		365

(dollars in thousands)	Bank		Mortgage Banking		Small Business Specialty Lending Division		Totals
Three months ended June 30, 2020
Net Interest Income	$	13,440	$	82	$	19	$	13,541
Provision for Loan Losses	2,200		—		—		2,200
Noninterest Income	2,901		1,821		121		4,843
Noninterest Expenses	10,158		1,697		1,520		13,375
Income Taxes	842		43		(290)		595
Segment Profit (Loss)	$	3,141	$	163	$	(1,230)	$	2,214
Segments Assets at December 31, 2020	$	1,709,696	$	50,266	$	4,012	$	1,763,974
Full time employees at June 30, 2020	321		40		13		374

	Bank		Mortgage Banking		Small Business Specialty Lending Division		Totals
Six months ended June 30, 2021
Net Interest Income	$	28,797	$	291	$	212	$	29,300
Provision for Loan Losses	500		—		—		500
Noninterest Income	6,384		6,983		2,985		16,352
Noninterest Expenses	25,298		5,680		2,241		33,219
Income Taxes	2,401		414		201		3,016
Segment Profit	$	6,982	$	1,180	$	755	$	8,917

	Bank		Mortgage Banking		Small Business Specialty Lending Division		Totals
Six months ended June 30, 2020
Net Interest Income	$	26,096	$	116	$	33	$	26,245
Provision for Loan Losses	4,156		—		—		4,156
Noninterest Income	5,950		3,074		380		9,404
Noninterest Expenses	21,825		2,892		2,036		26,753
Income Taxes	1,210		54		(341)		923
Segment Profit (Loss)	$	4,855	$	244	$	(1,695)	$	3,817