OHIO VALLEY BANC CORPOVBC

OHIO VALLEY BANC CORP Segments Disclosure

10-KFiled Mar 15, 20242 min read
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 95.2% and 94.2% of total consolidated revenues for the years ended December 31, 2023 and 2022, 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, 2023
  
   
Banking
    
Consumer
Finance
    
Total
Company
  
Net interest income
 
$
43,711
    
$
2,316
    
$
46,027
  
Provision for (recovery of) loan losses
   
2,025
   
65
      
2,090
Noninterest income
   
11,513
      
1,116
      
12,629
  
Noninterest expense
   
38,833
      
2,535
      
41,368
  
Provision for income taxes
   
2,394
      
173
      
2,567
  
Net income
   
11,972
      
659
      
12,631
  
Assets
   
1,336,861
      
15,274
      
1,352,135
  

   
Year Ended December 31, 2022
  
   
Banking
    
Consumer
Finance
    
Total
Company
  
Net interest income
  
$
42,529
    
$
2,249
    
$
44,778
  
Provision for (recovery of) loan losses
    
(100
)
    
68
      
(32
)
Noninterest income
    
9,121
      
1,041
      
10,162
  
Noninterest expense
    
36,612
      
2,428
      
39,040
  
Provision for income taxes
    
2,429
      
165
      
2,594
  
Net income
    
12,709
      
629
      
13,338
  
Assets
    
1,195,974
      
14,813
      
1,210,787
  

Historical Timeline

Fiscal YearFiled
2023Mar 15, 2024Showing above
2022Mar 23, 2023
2021Mar 17, 2022
2020Mar 24, 2021
2019Mar 16, 2020
2018Mar 18, 2019
2015Mar 15, 2016

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

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