Segment Reporting

9 Months Ended

Sep. 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 September 30, 2012									Nine Months Ended September 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	$	11,774	$	-		$	1		$	11,775	$	35,149	$	-		$	7		$	35,156
Provision for loan losses		225		-			-			225		754		-			-			754
Net interest income after provision for loan losses		11,549		-			1			11,550		34,395		-			7			34,402
Other operating income		2,180		1,668			212			4,060		7,396		5,170			522			13,088
Other operating expenses		9,510		1,708			175			11,393		28,344		5,279			577			34,200
Income or (loss) before income tax expense		4,219		(40	)		38			4,217		13,447		(109	)		(48	)		13,290
Income tax expense (benefit)		1,400		(15	)		(2	)		1,383		4,512		(42	)		(72	)		4,398
Segment net income (loss)	$	2,819	$	(25	)	$	40		$	2,834	$	8,935	$	(67	)	$	24		$	8,892
Segment assets											$	1,279,107	$	5,249		$	2,624		$	1,286,980

		Three Months Ended September 30, 2011									Nine Months Ended September 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	$	11,842	$	-		$	1		$	11,843	$	31,834	$	-		$	6	$	31,840
Provision for loan losses		583		-			-			583		833		-			-		833
Net interest income after provision for loan losses		11,259		-			1			11,260		31,001		-			6		31,007
Other operating income		2,465		1,747			116			4,328		7,284		5,131			1,005		13,420
Other operating expenses		8,638		1,843			136			10,617		27,259		5,450			553		33,262
Income or (loss) before income tax expense		5,086		(96	)		(19	)		4,971		11,026		(319	)		458		11,165
Income tax expense (benefit)		1,742		(37	)		(25	)		1,680		3,589		(123	)		123		3,589
Segment net income (loss)	$	3,344	$	(59	)	$	6		$	3,291	$	7,437	$	(196	)	$	335	$	7,576
Segment assets											$	1,257,067	$	5,856		$	3,001	$	1,265,924