Segment Information

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Segment Information

Segment Information:

The reportable segments are determined by the products and services offered, primarily distinguished between banking and trust.  The trust and retirement consulting segments were combined in 2019.   These segments 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		Eliminations and Others			Consolidated Totals
June 30, 2021
Goodwill and other intangibles	$	5,930	$	46,613	$	(3,558	)	$	48,985
Total assets	$	16,777	$	3,242,457	$	824		$	3,260,058

(In Thousands of Dollars)	Trust Segment		Bank Segment		Eliminations and Others			Consolidated Totals
December 31, 2020
Goodwill and other intangibles	$	6,046	$	47,129	$	(3,558	)	$	49,617
Total assets	$	15,147	$	3,055,628	$	373		$	3,071,148

(In Thousands of Dollars)	Trust Segment		Bank Segment		Eliminations and Others			Consolidated Totals
For Three Months Ended June 30, 2021
Net interest income	$	32	$	26,509	$	(51	)	$	26,490
Provision for credit losses		0		50		0			50
Service fees, security gains and other noninterest income		2,798		7,088		(65	)		9,821
Noninterest expense		1,536		15,223		(179	)		16,580
Amortization and depreciation expense		63		672		68			803
Income before taxes		1,231		17,652		(5	)		18,878
Income taxes		259		3,122		(78	)		3,303
Net income	$	972	$	14,530	$	73		$	15,575

(In Thousands of Dollars)	Trust Segment		Bank Segment		Eliminations and Others			Consolidated Totals
For Six Months Ended June 30, 2021
Net interest income	$	63	$	51,799	$	(105	)	$	51,757
Provision for credit losses		0		475		0			475
Service fees, security gains and other noninterest income		5,401		15,053		(50	)		20,404
Noninterest expense		3,092		30,855		(397	)		33,550
Amortization and depreciation expense		127		1,338		136			1,601
Income before taxes		2,245		34,184		106			36,535
Income taxes		471		6,069		(136	)		6,404
Net income	$	1,774	$	28,115	$	242		$	30,131

(In Thousands of Dollars)	Trust Segment		Bank Segment		Eliminations and Others			Consolidated Totals
For Three Months Ended June 30, 2020
Net interest income	$	30	$	23,991	$	(100	)	$	23,921
Provision for credit losses		0		2,400		0			2,400
Service fees, security gains and other noninterest income		2,322		6,948		(134	)		9,136
Noninterest expense		1,512		15,300		138			16,950
Amortization and depreciation expense		77		645		68			790
Income before taxes		763		12,594		(440	)		12,917
Income taxes		160		1,895		(149	)		1,906
Net income	$	603	$	10,699	$	(291	)	$	11,011

(In Thousands of Dollars)	Trust Segment		Bank Segment		Eliminations and Others			Consolidated Totals
For Six Months Ended June 30, 2020
Net interest income	$	64	$	46,343	$	(184	)	$	46,223
Provision for credit losses		0		3,500		0			3,500
Service fees, security gains and other noninterest income		4,565		12,723		(282	)		17,006
Noninterest expense		3,029		31,336		571			34,936
Amortization and depreciation expense		153		1,272		116			1,541
Income before taxes		1,447		22,958		(1,153	)		23,252
Income taxes		304		3,654		(356	)		3,602
Net income	$	1,143	$	19,304	$	(797	)	$	19,650

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