Segment Information

9 Months Ended

Sep. 30, 2015

Segment Information [Abstract]

Segment Information

NOTE 7 – SEGMENT INFORMATION

Our insurance agency operations are managed separately from the traditional banking and related financial services that we also offer.  The insurance agency operation provides commercial, individual, and group benefit plans and personal coverage.

	Three Months Ended September 30, 2015						Three Months Ended September 30, 2014
	Banking and						Banking and
	Financial		Insurance				Financial		Insurance
	Services		Services		Total		Services		Services		Total
(Dollars in thousands)
Net interest income from external sources	$	5,050	$	-	$	5,050	$	4,542	$	-	$	4,542
Other income from external sources		694		961		1,655		755		746		1,501
Depreciation and amortization		245		4		249		177		5		182
Income before income taxes		1,168		173		1,341		776		30		806
Income tax expense (1)		321		69		390		202		12		214
Total assets		639,563		4,456		644,019		563,612		4,421		568,033

	Nine Months Ended September 30, 2015						Nine Months Ended September 30, 2014
	Banking and						Banking and
	Financial		Insurance				Financial		Insurance
	Services		Services		Total		Services		Services		Total
(Dollars in thousands)
Net interest income from external sources	$	14,781	$	-	$	14,781	$	13,291	$	2	$	13,293
Other income from external sources		2,195		2,862		5,057		2,121		2,429		4,550
Depreciation and amortization		731		15		746		492		16		508
Income before income taxes		3,376		601		3,977		2,122		426		2,548
Income tax expense (1)		950		240		1,190		501		170		671
Total assets		639,563		4,456		644,019		563,612		4,421		568,033

(1) Insurance Services calculated at statutory tax rate of 40%