Segment and Related Information

9 Months Ended

Sep. 30, 2014

Segment and Related Information [Abstract]

Segment and Related Information

Note 13 – Segment and Related Information

The Company has two reportable segments, (i) community banking and  (ii) 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 nine months ended September 30, 2014 and 2013, is shown in the following table.

	Three Months Ended September 30, 2014
(in thousands)	Community Banking		Trust and Investment Services		Other			Intersegment Eliminations			Total
Interest income	$	11,837	$	-	$	15		$	-		$	11,852
Interest expense		1,206		-		186			-			1,392
Noninterest income		1,800		1,177		4			-			2,981
Income (loss) before income taxes		4,205		633		(224	)		-			4,614
Net income (loss)		2,886		430		(148	)		-			3,168
Depreciation and amortization		641		3		-			-			644
Total assets		1,317,189		-		200,757			(198,789	)		1,319,157
Capital expenditures		419		-		-			-			419

	Three Months Ended September 30, 2013
	Community Banking		Trust and Investment Services		Other			Intersegment Eliminations			Total
Interest income	$	13,093	$	-	$	13		$	-		$	13,106
Interest expense		1,423		-		190			-			1,613
Noninterest income		1,567		1,195		5			-			2,767
Income (loss) before income taxes		5,150		849		(194	)		-			5,805
Net income (loss)		3,754		616		(127	)		-			4,243
Depreciation and amortization		757		3		-			-			760
Total assets		1,322,205		-		193,290			(191,310	)		1,324,185
Capital expenditures		139		4		-			-			143

	Nine Months EndedSeptember 30, 2014
(in thousands)	Community Banking		Trust and Investment Services		Other			Intersegment Eliminations			Total
Interest income	$	35,541	$	-	$	45		$	-		$	35,586
Interest expense		3,761		-		555			-			4,316
Noninterest income		4,770		3,600		14			-			8,384
Income (loss) before income taxes		12,355		2,284		(750	)		-			13,889
Net income (loss)		8,726		1,620		(495	)		-			9,851
Depreciation and amortization		2,154		8		-			-			2,162
Total assets		1,317,189		-		200,757			(198,789	)		1,319,157
Capital expenditures		685		-		-			-			685

	Nine Months EndedSeptember 30, 2013
(in thousands)	Community Banking		Trust and Investment Services		Other			Intersegment Eliminations			Total
Interest income	$	39,849	$	-	$	13		$	-		$	39,862
Interest expense		4,427		-		567			-			4,994
Noninterest income		5,253		2,955		15			-			8,223
Income (loss) before income taxes		16,479		1,827		(710	)		-			17,596
Net income (loss)		11,763		1,309		(468	)		-			12,604
Depreciation and amortization		2,444		11		-			-			2,455
Total assets		1,322,205		-		193,290			(191,310	)		1,324,185
Capital expenditures		719		4		-			-			723