Segment Reporting

3 Months Ended

Mar. 31, 2012

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 11 – Segment Reporting

The Company operates two primary business segments: Community Banking and Insurance Products and Services. Through the Community Banking business, the Company provides services to consumers and small businesses on the Eastern Shore of Maryland and Delaware through its 18-branch network. Community banking activities include small business services, retail brokerage, trust services and consumer banking products and services. Loan products available to consumers include mortgage, home equity, automobile, marine, and installment loans, credit cards and other secured and unsecured personal lines of credit. Small business lending includes commercial mortgages, real estate development loans, equipment and operating loans, as well as secured and unsecured lines of credit, credit cards, accounts receivable financing arrangements, and merchant card services.

Through the Insurance Products and Services business, the Company provides a full range of insurance products and services to businesses and consumers in the Company’s market areas. Products include property and casualty, life, marine, individual health and long-term care insurance. Pension and profit sharing plans and retirement plans for executives and employees are available to suit the needs of individual businesses.

The following table includes selected financial information by business segments for the first three months of 2012 and 2011.

	Community			Insurance Products			Parent			Consolidated
(Dollars in thousands)	Banking			and Services			Company			Total
2012
Interest income	$	11,834		$	22		$	-		$	11,856
Interest expense		(2,656	)		-			(5	)		(2,661	)
Provision for credit losses		(8,370	)		-			-			(8,370	)
Noninterest income		1,728			2,840			6			4,574
Noninterest expense		(6,357	)		(2,535	)		(1,606	)		(10,498	)
Net intersegment (expense) income		(1,399	)		(138	)		1,537			-
(Loss) income before taxes		(5,220	)		189			(68	)		(5,099	)
Income tax benefit (expense)		2,114			(79	)		28			2,063
Net (loss) income	$	(3,106	)	$	110		$	(40	)	$	(3,036	)
Total assets	$	1,150,516		$	17,112		$	2,093		$	1,169,721
2011
Interest income	$	12,683		$	35		$	-		$	12,718
Interest expense		(2,846	)		-			(10	)		(2,856	)
Provision for credit losses		(6,390	)		-			-			(6,390	)
Noninterest income		1,694			2,656			45			4,395
Noninterest expense		(5,937	)		(2,399	)		(1,555	)		(9,891	)
Net intersegment (expense) income		(1,493	)		(109	)		1,602			-
(Loss) income before taxes		(2,289	)		183			82			(2,024	)
Income tax benefit (expense)		1,064			(85	)		(38	)		941
Net (loss) income	$	(1,225	)	$	98		$	44		$	(1,083	)
Total assets	$	1,110,148		$	18,266		$	2,920		$	1,131,334