Segment Information

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information:

The reportable segments are determined by the products and services offered, primarily distinguished between banking, trust and retirement consulting 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. All operations are domestic.

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

(In Thousands of Dollars)	Trust Segment		Bank Segment		Retirement Consulting Segment		Eliminations and Others			Consolidated Totals
June 30, 2015
Goodwill and other intangibles	$	5,126	$	31,090	$	3,353	$	0		$	39,569
Total assets	$	11,291	$	1,656,042	$	4,653	$	417		$	1,672,403
(In Thousands of Dollars)	Trust Segment		Bank Segment		Retirement Consulting Segment		Eliminations and Others			Consolidated Totals
December 31, 2014
Goodwill and other intangibles	$	5,285	$	0	$	3,528	$	0		$	8,813
Total assets	$	10,643	$	1,121,505	$	4,356	$	463		$	1,136,967
(In Thousands of Dollars)	Trust Segment		Bank Segment		Retirement Consulting Segment		Eliminations and Others			Consolidated Totals
For Three Months Ended June 30, 2015
Net interest income	$	15	$	9,738	$	0	$	(4	)	$	9,749
Provision for loan losses		0		850		0		0			850
Service fees, security gains and other noninterest income		1,531		2,166		779		(67	)		4,409
Noninterest expense		1,241		7,657		427		2,182			11,507
Amortization and depreciation expense		86		404		90		0			580
Income (loss) before taxes		219		2,993		262		(2,253	)		1,221
Income taxes		74		613		89		(367	)		409
Net Income (Loss)	$	145	$	2,380	$	173	$	(1,886	)	$	812
(In Thousands of Dollars)	Trust Segment		Bank Segment		Retirement Consulting Segment		Eliminations and Others			Consolidated Totals
For Six Months Ended June 30, 2015
Net interest income	$	30	$	18,718	$	0	$	(7	)	$	18,741
Provision for loan losses		0		1,300		0		0			1,300
Service fees, security gains and other noninterest income		3,203		4,093		1,282		(132	)		8,446
Noninterest expense		2,437		15,015		762		2,577			20,791
Amortization and depreciation expense		171		696		180		0			1,047
Income before taxes		625		5,800		340		(2,716	)		4,049
Income taxes		212		1,222		116		(524	)		1,026
Net Income	$	413	$	4,578	$	224	$	(2,192	)	$	3,023
(In Thousands of Dollars)	Trust Segment		Bank Segment		Retirement Consulting Segment		Eliminations and Others			Consolidated Totals
For Three Months Ended June 30, 2014
Net interest income	$	14	$	8,941	$	0	$	(3	)	$	8,952
Provision for loan losses		0		300		0		0			300
Service fees, security gains and other    noninterest income		1,574		1,756		555		(88	)		3,797
Noninterest expense		1,193		7,471		407		307			9,378
Income before taxes		395		2,926		148		(398	)		3,071
Income taxes		135		662		50		(127	)		720
Net Income	$	260	$	2,264	$	98	$	(271	)	$	2,351
(In Thousands of Dollars)	Trust Segment		Bank Segment		Retirement Consulting Segment		Eliminations and Others			Consolidated Totals
For Six Months Ended June 30, 2014
Net interest income	$	26	$	17,789	$	0	$	(7	)	$	17,808
Provision for loan losses		0		630		0		0			630
Service fees, security gains and other    noninterest income		3,091		3,294		998		(153	)		7,230
Noninterest expense		2,380		14,734		824		581			18,519
Income before taxes		737		5,719		174		(741	)		5,889
Income taxes		253		1,279		59		(244	)		1,347
Net Income	$	484	$	4,440	$	115	$	(497	)	$	4,542

The Bank segment includes Farmers National Insurance and Farmers of Canfield Investment Co.