NOTE 11 -
SEGMENT REPORTING
The Company
operates a
single reportable business segment
that is comprised
of commercial
banking within the states
of Florida,
Georgia, and
Alabama.
The Company’s
chief executive
officer is deemed
the Chief Operating Decision Maker
(“CODM”). The
CODM evaluates
the financial performance
of the Company
by evaluating revenue streams,
significant expenses, and
budget to actual
results in assessing
the Company’s
single reporting segment and
in the determination
of allocating resources.
The CODM uses
consolidated
net income to
benchmark
the Company
against peers and
to evaluate
performance
and allocate
resources.
Significant
revenue and expense
categories evaluated
by the CODM are consistent with the
presentation of the
Consolidated Statement
of Income
and components
of other noninterest
expense.