Note 17 - Segment and Related Information

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note 17 – 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. 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.

Segment information as of and for the three and six months ended June 30, 2020 and 2019 is shown in the following tables (dollars in thousands):

	Three Months Ended June 30, 2020
	Community Banking		Trust and Investment Services		Total
Interest income	$	23,297	$	—	$	23,297
Interest expense		3,037		—		3,037
Noninterest income		2,710		1,125		3,835
Income before income taxes		6,321		583		6,904
Net income		5,019		463		5,482
Depreciation and amortization		938		3		941
Total assets		2,864,361		178		2,864,539
Goodwill		85,048		—		85,048
Capital expenditures		463		—		463

	Three Months Ended June 30, 2019
	Community Banking			Trust and Investment Services		Total
Interest income	$	25,211		$	—	$	25,211
Interest expense		4,222			—		4,222
Noninterest income		2,563			1,119		3,682
Income (loss) before income taxes		(2,194	)		559		(1,635	)
Net income (loss)		(1,685	)		455		(1,230	)
Depreciation and amortization		1,009			2		1,011
Total assets		2,418,061			21		2,418,082
Goodwill		84,633			—		84,633
Capital expenditures		906			—		906

	Six Months Ended June 30, 2020
	Community Banking		Trust and Investment Services		Total
Interest income	$	47,163	$	—	$	47,163
Interest expense		6,984		—		6,984
Noninterest income		5,982		2,348		8,330
Income before income taxes		15,838		1,193		17,031
Net income		13,046		978		14,024
Depreciation and amortization		1,883		6		1,889
Total assets		2,864,361		178		2,864,539
Goodwill		85,048		—		85,048
Capital expenditures		1,366		4		1,370

	Six Months Ended June 30, 2019
	Community Banking		Trust and Investment Services		Total
Interest income	$	43,307	$	—	$	43,307
Interest expense		7,250		—		7,250
Noninterest income		4,953		2,180		7,133
Income before income taxes		4,900		1,039		5,939
Net income		3,938		835		4,773
Depreciation and amortization		1,467		4		1,471
Total assets		2,418,061		21		2,418,082
Goodwill		84,633		—		84,633
Capital expenditures		1,292		7		1,299