Segment and Related Information

12 Months Ended

Dec. 31, 2012

Segment and Related Information [Abstract]

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 2012, 2011 and 2010 is as follows:

In thousands	Banking		Insurance		Total
2012
Net interest income and other income from external customers	$	41,525	$	4,686	$	46,211
Income before income taxes	10,628		577		11,205
Total assets	1,038,262		11,733		1,049,995
Capital expenditures	1,986		63		2,049
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

QUARTERLY RESULTS OF OPERATIONS

Selected quarterly information for the years ended December 31, 2012 and 2011, is as follows:

Dollars in thousands, except per share data	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2012
Interest income	$	10,271	$	10,163	$	10,067	$	9,938
Interest expense	1,631		1,595		1,526		1,343
Net interest income	8,640		8,568		8,541		8,595
Provision for loan losses	1,125		1,125		1,125		1,300
Net interest income after provision for loan losses	7,515		7,443		7,416		7,295
Net gains on sales of securities	4		3		—		—
Other income	2,812		3,062		2,972		3,014
Other expenses and provision for income taxes	8,095		8,380		8,084		8,091
Net income	$	2,236	$	2,128	$	2,304	$	2,218
Basic earnings per share	$	0.38	$	0.35	$	0.39	$	0.37
Dividends per share	$	0.19	$	0.19	$	0.19	$	0.19
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