Segment Information

12 Months Ended

Dec. 31, 2021

Segment Information [Abstract]

Segment Information

Note R - Segment Information

The reportable segments are determined by the products and services offered, primarily distinguished between banking and consumer finance.  They are also distinguished by the level of information provided to the chief operating decision maker, who uses such information to review performance of various components of the business which are then aggregated if operating performance, products/services, and customers are similar.  Loans, investments, and deposits provide the majority of the net revenues from the banking operation, while loans provide the majority of the net revenues for the consumer finance segment.  All Company segments are domestic.

Total revenues from the banking segment, which accounted for the majority of the Company’s total revenues, totaled 94.1% and 94.3% of total consolidated revenues for the years ended December 31, 2021 and 2020, respectively.

The accounting policies used for the Company’s reportable segments are the same as those described in Note A - Summary of Significant Accounting Policies.  Income taxes are allocated based on income before tax expense.  All goodwill is in the Banking segment.

Segment information is as follows:

	Year Ended December 31, 2021
	Banking			Consumer Finance		Total Company
Net interest income	$	38,883		$	2,130	$	41,013
Provision expense		(500	)		81		(419	)
Noninterest income		8,831			1,033		9,864
Noninterest expense		34,847			2,433		37,280
Tax expense		2,149			135		2,284
Net income		11,218			514		11,732
Assets		1,235,231			14,538		1,249,769

	Year Ended December 31, 2020
	Banking		Consumer Finance		Total Company
Net interest income	$	37,825	$	2,157	$	39,982
Provision expense		2,945		35		2,980
Noninterest income		10,344		1,094		11,438
Noninterest expense		33,693		2,440		36,133
Tax expense		1,886		162		2,048
Net income		9,645		614		10,259
Assets		1,173,820		13,112		1,186,932