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REPORTABLE SEGMENTS (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of Company’s Reportable Segment

The following tables present selected financial information for the Company’s reportable business segments for the years ended December 31, 2022, December 31, 2021 and December 31, 2020.

 

 

Year ended December 31, 2022
(Dollars in thousands)
  Commercial
and Retail
Banking
   Mortgage
Banking
   Investment
advisory and
non-deposit
   Corporate   Eliminations   Consolidated 
Dividend and Interest Income  $49,238   $1,858   $   $4,484   $(4,463)  $51,117 
Interest expense   2,403    96        675        3,174 
Net interest income  $46,835   $1,762   $   $3,809   $(4,463)  $47,943 
Provision for (release of) loan losses   (392)   240                (152)
Noninterest income   5,184    1,906    4,479            11,569 
Noninterest expense   33,629    3,689    2,961    974        41,253 
Net income (loss) before taxes  $18,782   $(261)  $1,518   $2,835   $(4,463)  $18,411 
Income tax expense (benefit)   4,145            (347)       3,798 
Net income (loss)  $14,637   $(261)  $1,518   $3,182   $(4,463)  $14,613 

 

Year ended December 31, 2021
(Dollars in thousands)
  Commercial
and Retail
Banking
   Mortgage
Banking
   Investment
advisory and
non-deposit
   Corporate   Eliminations   Consolidated 
Dividend and Interest Income  $46,499   $1,008   $   $4,032   $(4,019)  $47,520 
Interest expense   1,825            416        2,241 
Net interest income  $44,674   $1,008   $   $3,616   $(4,019)  $45,279 
Provision for (release of) loan losses   335                    335 
Noninterest income   5,590    4,319    3,995            13,904 
Noninterest expense   31,275    4,694    2,460    772        39,201 
Net income before taxes  $18,654   $633   $1,535   $2,844   $(4,019)  $19,647 
Income tax expense (benefit)   4,417            (235)       4,182 
Net income  $14,237   $633   $1,535   $3,079   $(4,019)  $15,465 

 

Year ended December 31, 2020
(Dollars in thousands)
  Commercial
and Retail
Banking
   Mortgage
Banking
   Investment
advisory and
non-deposit
   Corporate   Eliminations   Consolidated 
Dividend and Interest Income  $42,024   $1,737   $   $4,175   $(4,158)  $43,778 
Interest expense   3,219            536        3,755 
Net interest income  $38,805   $1,737   $   $3,639   $(4,158)  $40,023 
Provision for (release of) loan losses   3,663                    3,663 
Noninterest income   5,492    5,557    2,720            13,769 
Noninterest expense   30,111    4,993    1,912    518        37,534 
Net income before taxes  $10,523   $2,301   $808   $3,121   $(4,158)  $12,595 
Income tax expense (benefit)   2,715            (219)       2,496 
Net income  $7,808   $2,301   $808   $3,340   $(4,158)  $10,099 

 

(Dollars in thousands)  Commercial
and Retail
Banking
   Mortgage
Banking
   Investment
advisory and
non-deposit
   Corporate   Eliminations   Consolidated 
Total Assets as of
December 31, 2022
  $1,663,139   $8,879   $   $165,937   $(165,009)  $1,672,946 
                               
Total Assets as of
December 31, 2021
  $1,566,949   $16,798   $2   $152,928   $(152,169)  $1,584,508 
[custom:DisclosureReportableSegmentsDetailsAbstract]
Year ended December 31, 2022
(Dollars in thousands)
  Commercial
and Retail
Banking
   Mortgage
Banking
   Investment
advisory and
non-deposit
   Corporate   Eliminations   Consolidated 
Dividend and Interest Income  $49,238   $1,858   $   $4,484   $(4,463)  $51,117 
Interest expense   2,403    96        675        3,174 
Net interest income  $46,835   $1,762   $   $3,809   $(4,463)  $47,943 
Provision for (release of) loan losses   (392)   240                (152)
Noninterest income   5,184    1,906    4,479            11,569 
Noninterest expense   33,629    3,689    2,961    974        41,253 
Net income (loss) before taxes  $18,782   $(261)  $1,518   $2,835   $(4,463)  $18,411 
Income tax expense (benefit)   4,145            (347)       3,798 
Net income (loss)  $14,637   $(261)  $1,518   $3,182   $(4,463)  $14,613 

 

Year ended December 31, 2021
(Dollars in thousands)
  Commercial
and Retail
Banking
   Mortgage
Banking
   Investment
advisory and
non-deposit
   Corporate   Eliminations   Consolidated 
Dividend and Interest Income  $46,499   $1,008   $   $4,032   $(4,019)  $47,520 
Interest expense   1,825            416        2,241 
Net interest income  $44,674   $1,008   $   $3,616   $(4,019)  $45,279 
Provision for (release of) loan losses   335                    335 
Noninterest income   5,590    4,319    3,995            13,904 
Noninterest expense   31,275    4,694    2,460    772        39,201 
Net income before taxes  $18,654   $633   $1,535   $2,844   $(4,019)  $19,647 
Income tax expense (benefit)   4,417            (235)       4,182 
Net income  $14,237   $633   $1,535   $3,079   $(4,019)  $15,465 

 

Year ended December 31, 2020
(Dollars in thousands)
  Commercial
and Retail
Banking
   Mortgage
Banking
   Investment
advisory and
non-deposit
   Corporate   Eliminations   Consolidated 
Dividend and Interest Income  $42,024   $1,737   $   $4,175   $(4,158)  $43,778 
Interest expense   3,219            536        3,755 
Net interest income  $38,805   $1,737   $   $3,639   $(4,158)  $40,023 
Provision for (release of) loan losses   3,663                    3,663 
Noninterest income   5,492    5,557    2,720            13,769 
Noninterest expense   30,111    4,993    1,912    518        37,534 
Net income before taxes  $10,523   $2,301   $808   $3,121   $(4,158)  $12,595 
Income tax expense (benefit)   2,715            (219)       2,496 
Net income  $7,808   $2,301   $808   $3,340   $(4,158)  $10,099 

 

(Dollars in thousands)  Commercial
and Retail
Banking
   Mortgage
Banking
   Investment
advisory and
non-deposit
   Corporate   Eliminations   Consolidated 
Total Assets as of
December 31, 2022
  $1,663,139   $8,879   $   $165,937   $(165,009)  $1,672,946 
                               
Total Assets as of
December 31, 2021
  $1,566,949   $16,798   $2   $152,928   $(152,169)  $1,584,508