Segment Information

6 Months Ended

Jun. 30, 2011

Segment Information

The reportable segments are determined by the products and services offered, primarily distinguished between banking and trust operations. They are also distinguished by the level of information provided to the chief operating decision makers in the Company, who use such information to review performance of various components of the business, which are then aggregated. Loans, investments, and deposits provide the revenues in the banking operation, and trust service fees provide the revenue in trust operations. All operations are domestic.

Significant segment totals are reconciled to the financial statements as follows:


(In Thousands of Dollars)	Trust		Bank					Consolidated
June 30, 2011	Segment		Segment		Others			Totals

Assets
Cash and due from banks	$	2,019	$	43,147	$	(27	)	$	45,139
Securities available for sale		2,387		355,821		127			358,335
Net loans		0		557,828		0			557,828
Premises and equipment, net		109		14,490		0			14,599
Goodwill and other intangibles		6,665		0		0			6,665
Other assets		545		30,759		351			31,655

Total Assets	$	11,725	$	1,002,045	$	451		$	1,014,221


Liabilities and Stockholders’ Equity
Deposits, borrowings and other liabilities	$	613	$	910,132	$	(5,100	)	$	905,645
Stockholders’ equity		11,112		91,913		5,551			108,576

Total Liabilities and Stockholders’ Equity	$	11,725	$	1,002,045	$	451		$	1,014,221


(In Thousands of Dollars)	Trust		Bank					Consolidated
December 31, 2010	Segment		Segment		Others			Totals

Assets
Cash and due from banks	$	1,122	$	36,343	$	(160	)	$	37,305
Securities available for sale		2,627		311,601		119			314,347
Net loans		0		581,060		0			581,060
Premises and equipment, net		113		13,831		0			13,944
Goodwill and other intangibles		6,920		0		0			6,920
Other assets		425		28,336		414			29,175

Total Assets	$	11,207	$	971,171	$	373		$	982,751


Liabilities and Stockholders’ Equity
Deposits, borrowings and other liabilities	$	368	$	894,052	$	283		$	894,703
Stockholders’ equity		10,839		77,119		90			88,048

Total Liabilities and Stockholders’ Equity	$	11,207	$	971,171	$	373		$	982,751


(In Thousands of Dollars)
For the Three Months Ended	Trust		Bank					Consolidated
June 30, 2011	Segment		Segment		Others			Totals
Net interest income	$	11	$	9,158	$	(12	)	$	9,157
Provision for loan losses		0		1,075		0			1,075
Service fees, security gains and other noninterest income		1,377		1,356		(39	)		2,694
Noninterest expense		1,149		6,743		200			8,092

Income before taxes		239		2,696		(251	)		2,684
Income taxes		82		570		(85	)		567

Net Income	$	157	$	2,126	$	(166	)	$	2,117


(In Thousands of Dollars)
For the Six Months Ended	Trust		Bank					Consolidated
June 30, 2011	Segment		Segment		Others			Totals
Net interest income	$	22	$	18,243	$	(25	)	$	18,240
Provision for loan losses		0		2,950		0			2,950
Service fees, security gains and other noninterest income		2,727		2,661		(77	)		5,311
Noninterest expense		2,349		13,255		302			15,906

Income before taxes		400		4,699		(404	)		4,695
Income taxes		137		888		(137	)		888

Net Income	$	263	$	3,811	$	(267	)	$	3,807


(In Thousands of Dollars)
For the Three Months Ended	Trust		Bank					Consolidated
June 30, 2010	Segment		Segment		Others			Totals
Net interest income	$	20	$	9,168	$	(12	)	$	9,176
Provision for loan losses		0		1,600		0			1,600
Service fees, security gains and other noninterest income		1,254		1,158		309			2,721
Noninterest expense		1,115		6,365		165			7,645

Income before taxes		159		2,361		132			2,652
Income taxes		55		518		45			618

Net Income	$	104	$	1,843	$	87		$	2,034


(In Thousands of Dollars)
For the Six Months Ended	Trust		Bank					Consolidated
June 30, 2010	Segment		Segment		Others			Totals
Net interest income	$	39	$	17,971	$	(20	)	$	17,990
Provision for loan losses		0		4,378		0			4,378
Service fees, security gains and other noninterest income		2,486		2,226		345			5,057
Noninterest expense		2,257		12,711		209			15,177

Income before taxes		268		3,108		116			3,492
Income taxes		93		479		39			611

Net Income	$	175	$	2,629	$	77		$	2,881