XML 15 R15.htm IDEA: XBRL DOCUMENT v3.19.3
Segment Reporting
9 Months Ended
Sep. 30, 2019
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, 2019 and 2018, is as follows:
In thousands
 
Banking
 
Insurance
 
Total
2019
 
 

 
 

 
 

Net interest income and other income from external customers
 
$
53,849

 
$
4,532

 
$
58,381

Income before income taxes
 
21,705

 
1,331

 
23,036

Total assets
 
1,723,292

 
12,557

 
1,735,849

Capital expenditures
 
598

 
7

 
605

 
 
 
 
 
 
 
2018
 
 

 
 

 
 

Net interest income and other income from external customers
 
$
50,015

 
$
4,205

 
$
54,220

Income before income taxes
 
19,146

 
1,211

 
20,357

Total assets
 
1,635,033

 
12,766

 
1,647,799

Capital expenditures
 
847

 
57

 
904


Segment information for the three month periods ended September 30, 2019 and 2018, is as follows:
In thousands
 
Banking
 
Insurance
 
Total
2019
 
 

 
 

 
 

Net interest income and other income from external customers
 
$
18,687

 
$
1,299

 
$
19,986

Income before income taxes
 
7,390

 
472

 
7,862

Total assets
 
1,723,292

 
12,557

 
1,735,849

Capital expenditures
 
323

 
7

 
330

 
 
 
 
 
 
 
2018
 
 

 
 

 
 

Net interest income and other income from external customers
 
$
17,235

 
$
1,303

 
$
18,538

Income before income taxes
 
7,115

 
367

 
7,482

Total assets
 
1,635,033

 
12,766

 
1,647,799

Capital expenditures
 
233

 
16

 
249



Customer renewal lists are amortized over their estimated useful lives which range from eight to fifteen years. Core deposit intangible assets are primarily amortized over 10 years using accelerated methods. 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. Tax amortization of the goodwill associated with the New Windsor acquisition is not deductible for federal income tax purposes.