Segment and Related Information

12 Months Ended

Dec. 31, 2011

Segment Reporting

SEGMENT AND RELATED INFORMATION

NOTE S—SEGMENT AND RELATED INFORMATION

        RIG is managed separately from the banking segment, which includes the Bank and related financial services that the Corporation offers. RIG offers a broad range of property and casualty, life and health insurance to both commercial and individual clients.

        Segment information for 2011, 2010 and 2009 is as follows:

In thousands	Banking		Insurance		Total
2011
Net interest income and other income from external customers	$	41,463	$	4,644	$	46,107
Income before income taxes		9,951		705		10,656
Total assets		992,252		12,571		1,004,823
Capital expenditures		1,938		4		1,942
2010
Net interest income and other income from external customers	$	42,503	$	4,686	$	47,189
Income before income taxes		10,005		471		10,476
Total assets		956,662		12,005		968,667
Capital expenditures		1,068		21		1,089
2009
Net interest income and other income from external customers	$	38,607	$	5,348	$	43,955
Income before income taxes		7,801		775		8,576
Total assets		949,130		12,774		961,904
Capital expenditures		1,902		49		1,951

QUARTERLY RESULTS OF OPERATIONS

        Selected quarterly information for the years ended December 31, 2011 and 2010, is as follows:

In thousands, except per share data	First Quarter		Second Quarter			Third Quarter		Fourth Quarter
2011
Interest income	$	10,480	$	10,488		$	10,421	$	10,443
Interest expense		1,916		1,894			1,863		1,789
Net interest income		8,564		8,594			8,558		8,654
Provision for loan losses		1,100		1,310			1,200		1,825
Net interest income after provision for loan losses		7,464		7,284			7,358		6,829
Net gains on sales of securities		—		—			1		—
Other income		2,957		3,007			2,881		2,891
Other expenses and provision for income taxes		7,961		8,185			8,060		7,964
Net income	$	2,460	$	2,106		$	2,180	$	1,756
Basic earnings per share	$	0.41	$	0.36		$	0.37	$	0.29
Dividends per share	$	0.19	$	0.19		$	0.19	$	0.19
2010
Interest income	$	11,125	$	11,690		$	11,100	$	10,725
Interest expense		2,555		2,482			2,388		2,198
Net interest income		8,570		9,208			8,712		8,527
Provision for loan losses		859		2,351			1,400		1,800
Net interest income after provision for loan losses		7,711		6,857			7,312		6,727
Net gains (losses) on sales of securities		26		(1	)		47		—
Other income		2,842		3,161			2,869		3,228
Other expenses and provision for income taxes		8,157		7,952			7,924		8,327
Net income	$	2,422	$	2,065		$	2,304	$	1,628
Basic earnings per share	$	0.41	$	0.35		$	0.39	$	0.27
Dividends per share	$	0.19	$	0.19		$	0.19	$	0.19