Segment and Related Information

6 Months Ended

Jun. 30, 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 investment in the Bank.

Segment information as of and for the three and six months ended June 30, 2014 and 2013, is shown in the following table.

	Three Months Ended June 30, 2014
(in thousands)	Community Banking		Trust and Investment Services		Other			Intersegment Eliminations			Total
Interest income	$	11,765	$	-	$	15		$	-		$	11,780
Interest expense		1,244		-		185			-			1,429
Noninterest income		1,539		1,156		5			-			2,700
Income (loss) before income taxes		4,079		777		(320	)		-			4,536
Net income (loss)		2,891		553		(211	)		-			3,233
Depreciation and amortization		751		2		-			-			753
Total assets		1,298,664		-		199,621			(197,637	)		1,300,648
Capital expenditures		147		-		-			-			147

	Three Months Ended June 30, 2013
	Community Banking		Trust and Investment Services		Other			Intersegment Eliminations			Total
Interest income	$	13,347	$	-	$	-		$	-		$	13,347
Interest expense		1,465		-		189			-			1,654
Noninterest income		1,608		1,073		5			-			2,686
Income (loss) before income taxes		5,558		682		(289	)		-			5,951
Net income (loss)		3,918		483		(191	)		-			4,210
Depreciation and amortization		847		4		-			-			851
Total assets		1,292,099		-		190,373			(188,455	)		1,294,017
Capital expenditures		402		-		-			-			402

	Six Months EndedJune 30, 2014
(in thousands)	Community Banking		Trust and Investment Services		Other			Intersegment Eliminations			Total
Interest income	$	23,704	$	-	$	30		$	-		$	23,734
Interest expense		2,555		-		369			-			2,924
Noninterest income		2,970		2,423		10			-			5,403
Income (loss) before income taxes		8,150		1,651		(526	)		-			9,275
Net income (loss)		5,840		1,190		(347	)		-			6,683
Depreciation and amortization		1,513		5		-			-			1,518
Total assets		1,298,664		-		199,621			(197,637	)		1,300,648
Capital expenditures		266		-		-			-			266

	Six Months EndedJune 30, 2013
(in thousands)	Community Banking		Trust and Investment Services		Other			Intersegment Eliminations			Total
Interest income	$	26,756	$	-	$	-		$	-		$	26,756
Interest expense		3,004		-		377			-			3,381
Noninterest income		3,686		1,760		10			-			5,456
Income (loss) before income taxes		11,329		978		(516	)		-			11,791
Net income (loss)		8,009		693		(341	)		-			8,361
Depreciation and amortization		1,687		8		-			-			1,695
Total assets		1,292,099		-		190,373			(188,455	)		1,294,017
Capital expenditures		580		-		-			-			580