Discontinued Operations

12 Months Ended

Dec. 31, 2011

Discontinued Operations [Abstract]

DISCONTINUED OPERATIONS

4. DISCONTINUED OPERATIONS

On August 12, 1999, United Community acquired Butler Wick Corp. (Butler Wick), the parent company for two wholly owned subsidiaries: Butler Wick & Co., Inc. and Butler Wick Trust Company. On December 31, 2008, the Company completed the sale of Butler Wick & Co., Inc., to Stifel Financial Corp. for $12.0 million. On March 31, 2009, the Company completed the sale of Butler Wick Trust to Farmers National Banc Corp. for $12.1 million. In October 2009, the Company dissolved Butler Wick. As a result, Butler Wick has been reported as a discontinued operation in 2009.

Butler Wick’s results of operations for the year ended December 31, 2009 is as follows:

		September 30,
	December 31, 2009
	(In thousands)
Income
Interest income	$	32
Brokerage commissions		—
Service fees and other charges		1,287
Underwriting and investment banking		—
Gain on the sale of Butler Wick subsidiaries		7,904
Other income		—
Total income		9,223
Expenses
Interest expense on borrowings		—
Salaries and employee benefits		1,198
Occupancy expenses		68
Equipment and data processing		84
Other expenses		258
Total expenses		1,608
Income before tax		7,615
Income tax		2,666
Net income	$	4,949