Segment and Related Information

3 Months Ended

Mar. 31, 2014

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 months ended March 31, 2014 and 2013, is shown in the following table.

	Three Months Ended March 31, 2014
(in thousands)	Community Banking		Trust and Investment Services		Other			Intersegment Eliminations			Total
Interest income	$	11,939	$	-	$	15		$	-		$	11,954
Interest expense		1,311		-		184			-			1,495
Noninterest income		1,431		1,267		5			-			2,703
Income (loss) before income taxes		4,071		874		(206	)		-			4,739
Net income (loss)		2,949		637		(136	)		-			3,450
Depreciation and amortization		762		3		-			-			765
Total assets		1,297,729		-		198,011			(195,938	)		1,299,802
Capital expenditures		119		-		-			-			119

	Three Months Ended March 31, 2013
	Community Banking		Trust and Investment Services		Other			Intersegment Eliminations			Total
Interest income	$	13,409	$	-	$	-		$	-		$	13,409
Interest expense		1,539		-		188			-			1,727
Noninterest income		2,078		687		5			-			2,770
Income (loss) before income taxes		5,771		296		(227	)		-			5,840
Net income (loss)		4,091		210		(150	)		-			4,151
Depreciation and amortization		840		4		-			-			844
Total assets		1,293,145		-		195,040			(194,122	)		1,294,063
Capital expenditures		178		-		-			-			178