Segment and Related Information

9 Months Ended

Sep. 30, 2013

Segment and Related Information [Abstract]

Segment and Related Information

Note 13 – 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 the community banking segment.

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 segment 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 three and nine months ended September 30, 2013 and 2012, is shown in the following table.

	Three Months Ended September 30, 2013
(in thousands)	Community Banking		Trust and Investment Services		Other			Intersegment Eliminations		Total
Interest income	$	13,094	$	-	$	12		$	-	$	13,106
Interest expense		1,423		-		190			-		1,613
Noninterest income		1,567		1,195		5			-		2,767
Income before income taxes		5,150		849		(194	)		-		5,805
Net income		3,754		616		(127	)		-		4,243
Depreciation and amortization		757		3		-			-		760
Total assets		1,322,205		-		1,980			-		1,324,185
Capital expenditures		139		4		-			-		143

	Three Months Ended September 30, 2012
	Community Banking		Trust and Investment Services		Other			Intersegment Eliminations			Total
Interest income	$	13,546	$	-	$	1		$	(1	)	$	13,546
Interest expense		1,843		-		204			(1	)		2,046
Noninterest income		1,640		1,034		16			-			2,690
Income before income taxes		4,628		637		(288	)		-			4,977
Net income		3,364		465		(190	)		-			3,639
Depreciation and amortization		866		5		-			-			871
Total assets		1,304,795		-		912			-			1,305,707
Capital expenditures		21		-		-			-			21

	Nine Months Ended September 30, 2013
	Community Banking		Trust and Investment Services		Other			Intersegment Eliminations		Total
Interest income	$	39,850	$	-	$	12		$	-	$	39,862
Interest expense		4,427		-		567			-		4,994
Noninterest income		5,252		2,956		15			-		8,223
Income before income taxes		16,478		1,828		(710	)		-		17,596
Net income		11,777		1,296		(469	)				12,604
Depreciation and amortization		2,443		12		-			-		2,455
Total assets		1,322,205		-		1,980			-		1,324,185
Capital expenditures		723		-		-			-		723

	Nine Months Ended September 30, 2012
	Community Banking		Trust and Investment Services		Other			Intersegment Eliminations			Total
Interest income	$	43,774	$	-	$	6		$	(6	)	$	43,774
Interest expense		5,675		-		617			(6	)		6,286
Noninterest income		5,601		3,096		27			-			8,724
Operating income before income taxes		15,815		1,845		(887	)		-			16,773
Net income		11,348		1,330		(590	)					12,088
Depreciation and amortization		2,814		15		-			-			2,829
Total assets		1,304,795		-		912			-			1,305,707
Capital expenditures		594		-		-			-			594