Segment Information

6 Months Ended

Jun. 30, 2022

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, 2022 and 2021:

(dollars in thousands)	Bank		Mortgage Banking		Small Business Specialty Lending Division		Totals
Six Months Ended June 30, 2022
Net Interest Income	$	37,647	$	128	$	584	$	38,359
Provision for Loan Losses	1,150		—		—		1,150
Noninterest Income	9,482		5,648		4,075		19,205
Noninterest Expenses	37,206		5,510		3,566		46,282
Income Taxes	1,127		94		174		1,395
Segment Profit	$	7,646	$	172	$	919	$	8,737
Segments Assets at June 30, 2022	$	2,664,966	$	20,183	$	43,553	$	2,728,702
Full time employees at June 30, 2022	396		59		28		483

(dollars in thousands)	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
Segments Assets at December 31, 2021	$	2,620,501	$	25,149	$	46,065	$	2,691,715
Full time employees at June 30, 2021	294		53		24		371

(dollars in thousands)	Bank		Mortgage Banking		Small Business Specialty Lending Division		Totals
Three months ended June 30, 2022
Net Interest Income	$	18,819	$	57	$	291	$	19,167
Provision for Loan Losses	1,100		—		—		1,100
Noninterest Income	5,187		2,736		2,135		10,058
Noninterest Expenses	19,504		2,799		2,173		24,476
Income Taxes	227		(7)		14		234
Segment Profit	$	3,175	$	1	$	239	$	3,415

(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