Segment Reporting

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

The Corporation has two reporting segments, the Bank and RIG. 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 nine month periods ended September 30, 2015 and 2014, is as follows:

In thousands	Banking		Insurance		Total
2015
Net interest income and other income from external customers	$	32,331	$	3,646	$	35,977
Income before income taxes	10,354		598		10,952
Total assets	1,122,465		10,078		1,132,543
Capital expenditures	1,263		20		1,283
2014
Net interest income and other income from external customers	$	30,370	$	3,856	$	34,226
Income before income taxes	9,566		629		10,195
Total assets	1,058,774		8,757		1,067,531
Capital expenditures	1,924		—		1,924

Segment information for the three month periods ended September 30, 2015 and 2014, is as follows:

In thousands	Banking		Insurance		Total
2015
Net interest income and other income from external customers	$	10,687	$	1,361	$	12,048
Income before income taxes	3,557		231		3,788
Total assets	1,122,465		10,078		1,132,543
Capital expenditures	637		—		637
2014
Net interest income and other income from external customers	$	10,141	$	1,254	$	11,395
Income before income taxes	3,269		147		3,416
Total assets	1,058,774		8,757		1,067,531
Capital expenditures	918		—		918

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. Tax amortization of goodwill and the intangible assets is deductible for tax purposes.