SEGMENT REPORTING

3 Months Ended

Mar. 31, 2015

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

NOTE 10SEGMENT REPORTING

The Corporation manages its operations through two primary business segments:  core banking and WMG.  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 WMG services segment provides revenues by providing trust and investment advisory services to clients.

Accounting policies for the segments are the same as those described in Note 1. Summarized financial information concerning the Corporation's reportable segments and the reconciliation to the Corporation's consolidated results are 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 (in thousands).

	Three Months Ended March 31, 2015
	Core Banking		WMG		Holding Company And Other		Consolidated Totals
Net interest income	$	12,339	$	-	$	3	$	12,342
Provision for loan losses		390		-		-		390
Net interest income after provision for loan losses		11,949		-		3		11,952
Other non-interest income		2,738		2,102		346		5,186
Other non-interest expenses		12,148		1,304		284		13,736
Income before income tax expense		2,539		798		65		3,402
Income tax expense		815		302		9		1,126
Segment net income	$	1,724	$	496	$	56	$	2,276
Segment assets	$	1,578,386	$	4,707	$	1,679	$	1,584,772

	Three Months Ended March 31, 2014
	Core Banking		WMG		Holding Company And Other			Consolidated Totals
Net interest income	$	12,030	$	-	$	3		$	12,033
Provision for loan losses		639		-		-			639
Net interest income after provision for loan losses		11,391		-		3			11,394
Other non-interest income		2,888		1,883		193			4,964
Other non-interest expenses		11,812		1,318		213			13,343
Income before income tax expense		2,467		565		(17	)		3,015
Income tax expense (benefit)		758		217		(24	)		951
Segment net income	$	1,709	$	348	$	7		$	2,064
Segment assets	$	1,490,857	$	4,878	$	1,796		$	1,497,531