Segment Reporting

3 Months Ended

Mar. 31, 2016

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 three month periods ended March 31, 2016 and 2015, is as follows:

In thousands	Banking		Insurance		Total
2016
Net interest income and other income from external customers	$	10,776	$	1,103	$	11,879
Income before income taxes	3,219		151		3,370
Total assets	1,142,407		9,947		1,152,354
Capital expenditures	763		12		775
2015
Net interest income and other income from external customers	$	10,576	$	1,058	$	11,634
Income before income taxes	3,300		110		3,410
Total assets	1,098,933		10,091		1,109,024
Capital expenditures	289		—		289

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.