Segment Reporting

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Reporting

6.Segment Reporting

Russell Insurance Group, Inc. (RIG) is managed separately from the banking segment, which includes the Bank and related financial services that the Corporation offers through its banking subsidiary. RIG offers a broad range of property and casualty, life, and health insurance to both commercial and individual clients.

Segment information for the three month periods ended March 31, 2013 and 2012, is as follows:

In thousands	Banking		Insurance		Total
2013
Net interest income and other income from external customers	$	10,359	$	1,120	$	11,479
Income before income taxes	2,975		98		3,073
Total assets	1,026,155		9,884		1,036,039
Capital expenditures	226		7		233
2012
Net interest income and other income from external customers	$	10,263	$	1,193	$	11,456
Income before income taxes	2,602		190		2,792
Total assets	1,010,248		10,487		1,020,735
Capital expenditures	502		72		574

Intangible assets, representing customer lists, are amortized over 10 years on a straight line basis. Goodwill is not amortized, but rather is analyzed annually for impairment. If certain events occur which might indicate goodwill has been impaired, the goodwill is tested for impairment when such events occur. Amortization of goodwill and the intangible assets is deductible for tax purposes.