Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Reconciliation of Assets and Revenues from Segment to Consolidated

Information about reportable segments, and reconciliation of such information to the consolidated financial statements as of and for the three and nine months ended September 30, 2022 and 2021 follows:

	Three Months Ended September 30, 2022
(dollars in thousands)	Bank		Wealth Management		Parent			Eliminations			Consolidated
Revenues
Interest and dividend income	$	12,347	$	21	$	2,968		$	(2,968	)	$	12,368
Income from fiduciary activities		-		953		-			-			953
Other income		2,085		342		50			(65	)		2,412
Total operating income		14,432		1,316		3,018			(3,033	)		15,733
Expenses
Interest expense		502		-		295			-			797
Provision for loan losses		402		-		-			-			402
Salaries and employee benefits		5,733		902		186			-			6,821
Other expenses		4,413		288		108			(65	)		4,744
Total operating expenses		11,050		1,190		589			(65	)		12,764
Income before taxes		3,382		126		2,429			(2,968	)		2,969
Income tax expense (benefit)		514		27		(114	)		-			427
Net income	$	2,868	$	99	$	2,543		$	(2,968	)	$	2,542
Capital expenditures	$	355	$	13	$	-		$	-		$	368
Total assets	$	1,308,759	$	7,163	$	123,327		$	(122,243	)	$	1,317,006

	Three Months Ended September 30, 2021
(dollars in thousands)	Bank		Wealth Management		Parent			Eliminations			Consolidated
Revenues
Interest and dividend income	$	10,809	$	6	$	2,281		$	(2,281	)	$	10,815
Income from fiduciary activities		-		1,032		-			-			1,032
Other income		2,341		249		50			(66	)		2,574
Total operating income		13,150		1,287		2,331			(2,347	)		14,421
Expenses
Interest expense		688		-		251			-			939
Provision for loan losses		360		-		-			-			360
Salaries and employee benefits		5,644		746		168			-			6,558
Other expenses		4,077		257		102			(66	)		4,370
Total operating expenses		10,769		1,003		521			(66	)		12,227
Income before taxes		2,381		284		1,810			(2,281	)		2,194
Income tax expense (benefit)		325		59		(98	)		-			286
Net income	$	2,056	$	225	$	1,908		$	(2,281	)	$	1,908
Capital expenditures	$	370	$	-	$	-		$	-		$	370
Total assets	$	1,304,291	$	7,222	$	150,442		$	(150,329	)	$	1,311,626

	Nine Months Ended September 30, 2022
(dollars in thousands)	Bank		Wealth Management		Parent			Eliminations			Consolidated
Revenues
Interest and dividend income	$	33,871	$	52	$	7,826		$	(7,826	)	$	33,923
Income from fiduciary activities		-		3,086		-			-			3,086
Other income		6,394		946		150			(196	)		7,294
Total operating income		40,265		4,084		7,976			(8,022	)		44,303
Expenses
Interest expense		1,509		-		885			-			2,394
Provision for loan losses		1,073		-		-			-			1,073
Salaries and employee benefits		16,704		2,643		507			-			19,854
Other expenses		12,363		867		480			(196	)		13,514
Total operating expenses		31,649		3,510		1,872			(196	)		36,835
Income before taxes		8,616		574		6,104			(7,826	)		7,468
Income tax expense (benefit)		1,243		122		(362	)		-			1,003
Net income	$	7,373	$	452	$	6,466		$	(7,826	)	$	6,465
Capital expenditures	$	956	$	13	$	-		$	-		$	969
Total assets	$	1,308,759	$	7,163	$	123,327		$	(122,243	)	$	1,317,006

	Nine Months Ended September 30, 2021
(dollars in thousands)	Bank		Wealth Management		Parent			Eliminations			Consolidated
Revenues
Interest and dividend income	$	31,635	$	17	$	7,458		$	(7,458	)	$	31,652
Income from fiduciary activities		-		3,110		-			-			3,110
Other income		7,426		788		150			(196	)		8,168
Total operating income		39,061		3,915		7,608			(7,654	)		42,930
Expenses
Interest expense		2,258		-		256			-			2,514
Provision for loan losses		510		-		-			-			510
Salaries and employee benefits		16,263		2,253		496			-			19,012
Other expenses		12,139		788		278			(196	)		13,009
Total operating expenses		31,170		3,041		1,030			(196	)		35,045
Income before taxes		7,891		874		6,578			(7,458	)		7,885
Income tax expense (benefit)		1,123		184		(184	)		-			1,123
Net income	$	6,768	$	690	$	6,762		$	(7,458	)	$	6,762
Capital expenditures	$	1,089	$	41	$	-		$	-		$	1,130
Total assets	$	1,304,291	$	7,222	$	150,442		$	(150,329	)	$	1,311,626