Segment Information

12 Months Ended

Dec. 31, 2012

Segment Information [Abstract]

SEGMENT INFORMATION

NOTE 18 – 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.

Accounting policies for segments are the same as those described in Note 1. Segment performance is evaluated using operating income. Income taxes are calculated on operating income. Transactions among segments are made at fair value.

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

	Trust		Bank		Eliminations		Consolidated
December 31, 2012	Segment		Segment		and Others		Totals
Assets
Cash and cash equivalents	$	636	$	37,191	$	(68)	$	37,759
Securities available for sale		4,695		459,246		147		464,088
Loans held for sale		0		3,624		0		3,624
Net loans		0		578,963		0		578,963
Premises and equipment, net		100		18,329		0		18,429
Goodwill and other intangibles		6,032		0		0		6,032
Other assets		546		29,758		496		30,800
Total Assets	$	12,009	$	1,127,111	$	575	$	1,139,695
Liabilities and Stockholders’ Equity
Deposits, borrowings and other liabilities	$	302	$	1,022,092		($3,491)	$	1,018,903
Stockholders’ equity		11,707		105,019		4,066		120,792
Total Liabilities and Stockholders’ Equity	$	12,009	$	1,127,111	$	575	$	1,139,695

	Trust		Bank		Eliminations			Consolidated
December 31, 2011	Segment		Segment		and Others			Totals
Assets
Cash and cash equivalents	$	2,208	$	50,327	$	(113	)	$	52,422
Securities available for sale		2,388		397,513		128			400,029
Loans held for sale		0		677		0			677
Net loans		0		561,986		0			561,986
Premises and equipment, net		101		16,360		0			16,461
Goodwill and other intangibles		6,441		0		0			6,441
Other assets		463		28,904		488			29,855
Total Assets	$	11,601	$	1,055,767	$	503		$	1,067,871
Liabilities and Stockholders’ Equity
Deposits, borrowings and other liabilities	$	345	$	957,780	$	(4,699	)	$	953,426
Stockholders’ equity		11,256		97,987		5,202			114,445
Total Liabilities and Stockholders’ Equity	$	11,601	$	1,055,767	$	503		$	1,067,871

	Trust		Bank		Eliminations			Consolidated
For year ended 2012	Segment		Segment		and Others			Totals
Net interest income	$	47	$	36,871	$	(20	)	$	36,898
Provision for loan losses		0		725		0			725
Service fees, security gains and other noninterest income		5,571		7,192		(185	)		12,578
Noninterest expense		4,918		30,024		822			35,764
Income before taxes		700		13,314		(1,027	)		12,987
Income tax		244		3,160		(349	)		3,055
Net Income	$	456	$	10,154		($678	)	$	9,932
	Trust		Bank		Eliminations			Consolidated
For year ended 2011	Segment		Segment		and Others			Totals
Net interest income	$	41	$	36,605	$	(49	)	$	36,597
Provision for loan losses		0		3,650		0			3,650
Service fees, security gains and other noninterest income		5,422		7,304		(187	)		12,539
Noninterest expense		4,833		28,237		658			33,728
Income before taxes		630		12,022		(894	)		11,758
Income tax		218		2,626		(304	)		2,540
Net Income	$	412	$	9,396	$	(590	)	$	9,218
	Trust		Bank		Eliminations			Consolidated
For year ended 2010	Segment		Segment		and Others			Totals
Net interest income	$	61	$	37,349	$	(43	)	$	37,367
Provision for loan losses		0		8,078		0			8,078
Service fees, security gains and other noninterest income		5,053		7,839		318			13,210
Noninterest expense		4,588		25,893		483			30,964
Income before taxes		526		11,217		(208	)		11,535
Income tax		182		2,445		(83	)		2,544
Net Income	$	344	$	8,772	$	(125	)	$	8,991

Bank segment includes Farmers National Insurance.