Segment Reporting

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment Reporting

(17.) SEGMENT REPORTING

The Company has one reportable segment, Banking, which includes all of the company’s retail and commercial banking operations. This reportable segment has been identified and organized based on the nature of the underlying products and services applicable to the segment, the type of customers to whom those products and services are offered and the distribution channel through which those products and services are made available.

All other segments that do not meet the quantitative threshold for separate reporting have been grouped as “All Other.” This “All Other” grouping includes the activities of SDN, a full-service insurance agency that provides a broad range of insurance services to both personal and business clients, and Courier Capital and HNP Capital, our investment advisor and wealth management firms that provide customized investment management, investment consulting and retirement plan services to individuals, businesses, institutions, foundations and retirement plans, and Holding Company amounts, which are the primary differences between segment amounts and consolidated totals, along with amounts to eliminate balances and transactions between segments.

The following tables present information regarding our business segments as of and for the periods indicated (in thousands).

	Banking		All Other		Consolidated Totals
March 31, 2022
Goodwill	$	48,536	$	18,535	$	67,071
Other intangible assets, net		1		7,074		7,075
Total assets		5,591,501		38,997		5,630,498
December 31, 2021
Goodwill	$	48,536	$	18,535	$	67,071
Other intangible assets, net		3		7,326		7,329
Total assets		5,481,889		38,890		5,520,779

	Banking			All Other (1)			Consolidated Totals
Three months ended March 31, 2022
Net interest income (expense)	$	40,618		$	(1,060	)	$	39,558
Provision for credit losses		(2,319	)		—			(2,319	)
Noninterest income		6,627			4,695			11,322
Noninterest expense		(25,872	)		(4,263	)		(30,135	)
Income (loss) before income taxes		19,054			(628	)		18,426
Income tax (expense) benefit		(3,636	)		193			(3,443	)
Net income (loss)	$	15,418		$	(435	)	$	14,983

(1) Reflects activity from the acquisitions of assets of Landmark since February 1, 2021 (the date of acquisition) and North Woods since August 2, 2021 (the date of acquisition).

(17.) SEGMENT REPORTING (Continued)

	Banking			All Other (1)			Consolidated Totals
Three months ended March 31, 2021
Net interest income (expense)	$	38,918		$	(1,061	)	$	37,857
Benefit for credit losses		1,981			—			1,981
Noninterest income		9,275			3,684			12,959
Noninterest expense		(22,633	)		(4,107	)		(26,740	)
Income (loss) before income taxes	$	27,541		$	(1,484	)	$	26,057
Income tax (expense) benefit		(6,035	)		688			(5,347	)
Net income (loss)	$	21,506		$	(796	)	$	20,710