Segment Information

6 Months Ended

Jun. 30, 2016

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, 2016
Goodwill and other intangibles	$	4,824	$	38,534	$	3,006	$	(646	)	$	45,718
Total assets	$	11,572	$	1,909,553	$	3,780	$	214		$	1,925,119
(In Thousands of Dollars)	Trust Segment		Bank Segment		Retirement Consulting Segment		Eliminations and Others			Consolidated Totals
December 31, 2015
Goodwill and other intangibles	$	4,967	$	35,412	$	3,178	$	(646	)	$	42,911
Total assets	$	11,078	$	1,854,306	$	4,127	$	391		$	1,869,902
(In Thousands of Dollars)	Trust Segment		Bank Segment		Retirement Consulting Segment		Eliminations and Others			Consolidated Totals
For Three Months Ended June 30, 2016
Net interest income	$	22	$	16,895	$	0	$	(28	)	$	16,889
Provision for loan losses		0		990		0		0			990
Service fees, security gains and other noninterest income		1,592		3,783		496		(134	)		5,737
Noninterest expense		1,161		12,063		353		599			14,176
Amortization and depreciation expense		76		465		90		(24	)		607
Income before taxes		377		7,160		53		(737	)		6,853
Income taxes		128		1,905		18		(218	)		1,833
Net Income	$	249	$	5,255	$	35	$	(519	)	$	5,020
(In Thousands of Dollars)	Trust Segment		Bank Segment		Retirement Consulting Segment		Eliminations and Others			Consolidated Totals
For Six Months Ended June 30, 2016
Net interest income	$	42	$	33,642	$	0	$	(48	)	$	33,636
Provision for loan losses		0		1,770		0		0			1,770
Service fees, security gains and other noninterest income		3,113		6,744		985		(159	)		10,683
Noninterest expense		2,313		23,690		724		989			27,716
Amortization and depreciation expense		152		1,179		179		1			1,511
Income before taxes		690		13,747		82		(1,197	)		13,322
Income taxes		235		3,601		28		(360	)		3,504
Net Income	$	455	$	10,146	$	54	$	(837	)	$	9,818
(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 before taxes		219		2,993		262		(2,253	)		1,221
Income taxes		74		613		89		(367	)		409
Net Income	$	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

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