Note 14 - Segment and Related Information

3 Months Ended

Mar. 31, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note 14 – 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 months ended March 31, 2021 and 2020 is shown in the following tables (dollars in thousands):

	As of and For the Three Months Ended March 31, 2021
	Community Banking		Trust and Investment Services		Total
Interest income	$	24,204	$	—	$	24,204
Interest expense		1,781		—		1,781
Noninterest income		4,498		1,424		5,922
Noninterest expense		13,401		664		14,065
Income before income taxes		13,520		760		14,280
Net income		10,688		601		11,289
Depreciation and amortization		958		3		961
Total assets		3,073,188		244		3,073,432
Goodwill		85,048		—		85,048
Capital expenditures		246		—		246

	As of and For the Three Months Ended March 31, 2020
	Community Banking		Trust and Investment Services		Total
Interest income	$	23,866	$	—	$	23,866
Interest expense		3,947		—		3,947
Noninterest income		3,272		1,223		4,495
Noninterest expense		12,721		613		13,334
Income before income taxes		9,517		610		10,127
Net income		8,027		515		8,542
Depreciation and amortization		945		3		948
Total assets		2,494,942		123		2,495,065
Goodwill		85,048		—		85,048
Capital expenditures		903		4		907