Segment and Related Information

12 Months Ended

Dec. 31, 2011

Segment and Related Information [Abstract]

Segment and Related Information

Note 21 – Segment and Related Information

The Company has two reportable segments, community banking and trust and investment services.

Community banking involves making loans to and generating deposits from individuals and businesses.  All assets and liabilities of the Company are allocated to community banking.  Investment income from securities is also allocated to the community banking segment.  Loan fee income, service charges from deposit accounts, and non-deposit fees such as automated teller machine fees and insurance commissions generate additional income for community banking.

Trust and investment services include estate planning, trust account administration, investment management, and retail brokerage.  Investment management services include purchasing equity, fixed income, and mutual fund investments for customer accounts. The trust and investment services division receives fees for investment and administrative services.

Amounts shown in the “Other” column includes activities of the Company which are primarily debt service on trust preferred securities and corporate items.  Intersegment eliminations primarily consist of the Company's interest income on deposits held by the Bank.

Segment information as of and for the years ended December 31, 2011, 2010, and 2009, is shown in the following table:

	2011
(in thousands)			Trust and
	Community		Investment					Intersegment
	Banking		Services		Other			Eliminations			Total
Interest income	$	49,187	$	-	$	55		$	(55	)	$	49,187
Interest expense		7,811		-		1,024			(55	)		8,780
Noninterest income		5,359		3,836		29			-			9,224
Operating income before income taxes		16,610		2,330		(2,459	)		-			16,481
Net Income		11,886		1,697		(2,012	)		-			11,571
Depreciation and amortization		2,647		20		-			-			2,667
Total assets		1,303,816		-		890			-			1,304,706
Capital expenditures		1,731		3		-			-			1,734
	2010
			Trust and
	Community		Investment					Intersegment
	Banking		Services		Other			Eliminations			Total
Interest income	$	35,933	$	-	$	127		$	(127	)	$	35,933
Interest expense		7,473		-		1,373			(127	)		8,719
Noninterest income		5,581		3,492		41			-			9,114
Operating income before income taxes		10,633		2,257		(1,431	)		-			11,459
Net Income		7,608		1,615		(945	)		-			8,278
Depreciation and amortization		1,614		17		-			-			1,631
Total assets		833,022		-		642			-			833,664
Capital expenditures		2,043		11		-			-			2,054
	2009
			Trust and
	Community		Investment					Intersegment
	Banking		Services		Other			Eliminations			Total
Interest income	$	38,061	$	-	$	260		$	(260	)	$	38,061
Interest expense		9,676		-		1,373			(260	)		10,789
Noninterest income		5,089		3,338		91			-			8,518
Operating income before income taxes		8,504		2,179		(1,348	)		-			9,335
Net Income		6,130		1,570		(890	)		-			6,810
Depreciation and amortization		1,560		16		2			-			1,578
Total assets		808,331		-		642			-			808,973
Capital expenditures		3,336		26		-			-			3,362