Segment Reporting

6 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

Segment Reporting

11.        Segment Reporting

The Corporation manages its operations through two primary business segments: core banking and wealth management group services.  The core banking segment provides revenues by attracting deposits from the general public and using such funds to originate consumer, commercial, commercial real estate, and residential mortgage loans, primarily in the Corporation's local markets and to invest in securities.  The wealth management group services segment provides revenues by providing trust and investment advisory services to clients.

Summarized financial information concerning the Corporation's reportable segments and the reconciliation to the Corporation's consolidated results is shown in the following table.  Income taxes are allocated based on the separate taxable income of each entity and indirect overhead expenses are allocated based on reasonable and equitable allocations applicable to the reportable segment.  Holding company amounts are the primary differences between segment amounts and consolidated totals, and are reflected in the Holding Company and Other column below, along with amounts to eliminate transactions between segments (dollars in thousands):

	Three Months Ended June 30, 2012									Six Months Ended June 30, 2012
	Core  Banking		Wealth  Management  Group Services			Holding  Company  And Other		Consolidated  Totals		Core  Banking		Wealth  Management  Group Services			Holding  Company  And Other			Consolidated  Totals
Net interest income	$	11,363	$	-		$	2	$	11,365	$	23,376	$	-		$	5		$	23,381
Provision for loan losses		52		-			-		52		529		-			-			529
Net interest income after provision for loan losses		11,311		-			2		11,313		22,847		-			5			22,852
Other operating income		2,139		1,727			264		4,130		5,216		3,502			309			9,027
Other operating expenses		9,903		1,762			219		11,884		18,834		3,571			402			22,807
Income or (loss) before income tax expense		3,547		(35	)		47		3,559		9,229		(69	)		(88	)		9,072
Income tax expense (benefit)		1,127		(14	)		2		1,115		3,110		(26	)		(70	)		3,014
Segment net income (loss)	$	2,420	$	(21	)	$	45	$	2,444	$	6,119	$	(43	)	$	(18	)	$	6,058
Segment assets										$	1,259,532	$	5,356		$	2,571		$	1,267,459

	Three Months Ended June 30, 2011									Six Months Ended June 30, 2011
	Core  Banking		Wealth  Management  Group Services			Holding  Company  And Other		Consolidated  Totals		Core  Banking		Wealth  Management Group Services			Holding  Company  And Other		Consolidated  Totals
Net interest income	$	11,448	$	-		$	3	$	11,451	$	19,992	$	-		$	5	$	19,997
Provision for loan losses		125		-			-		125		250		-			-		250
Net interest income after provision for loan losses		11,323		-			3		11,326		19,742		-			5		19,747
Other operating income		2,732		1,768			244		4,744		4,819		3,384			888		9,091
Other operating expenses		10,215		1,791			195		12,201		18,620		3,607			417		22,644
Income or (loss) before income tax expense		3,840		(23	)		52		3,869		5,941		(223	)		476		6,194
Income tax expense (benefit)		1,255		(9	)		3		1,249		1,846		(86	)		149		1,909
Segment net income (loss)	$	2,585	$	(14	)	$	49	$	2,620	$	4,095	$	(137	)	$	327	$	4,285
Segment assets										$	1,228,705	$	6,020		$	2,311	$	1,237,036