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Segment Information
3 Months Ended
Mar. 31, 2023
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, 2023 and 2022:
(dollars in thousands)BankMortgage
Banking
Small
Business
Specialty
Lending
Division
Totals
Three Months Ended March 31, 2023
Net Interest Income$20,138 $$427 $20,568 
Provision for Credit Losses900 — — 900 
Noninterest Income4,918 1,277 1,464 7,659 
Noninterest Expenses17,812 1,712 1,641 21,165 
Income Taxes1,155 (86)50 1,119 
Segment Profit$5,189 $(346)$200 $5,043 
Segments Assets at March 31, 2023$2,930,421 $7,895 $58,625 $2,996,941 
Full time employees at March 31, 20234075930496
(dollars in thousands)BankMortgage
Banking
Small
Business
Specialty
Lending
Division
Totals
Three Months Ended March 31, 2022
Net Interest Income$18,824 $71 $293 $19,188 
Provision for Credit Losses50 — — 50 
Noninterest Income4,300 2,912 1,940 9,152 
Noninterest Expenses17,701 2,711 1,393 21,805 
Income Taxes900 101 160 1,161 
Segment Profit$4,473 $171 $680 $5,324 
Segments Assets at December 31, 2022$2,857,893 $18,221 $60,456 $2,936,570 
Full time employees at March 31, 20224046228494