SEGMENT REPORTING

6 Months Ended

Jun. 30, 2015

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

NOTE 11SEGMENT 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 June 30, 2015
	Core Banking		WMG		Holding Company And Other			Consolidated Totals
Net interest income	$	12,647	$	-	$	-		$	12,647
Provision for loan losses		259		-		-			259
Net interest income after provision for loan losses		12,388		-		-			12,388
Other non-interest income		2,925		2,198		203			5,326
Other non-interest expenses		12,127		1,390		306			13,823
Income before income tax expense		3,186		808		(103	)		3,891
Income tax expense (benefit)		1,048		321		(55	)		1,314
Segment net income (loss)	$	2,138	$	487	$	(48	)	$	2,577

	Three Months Ended June 30, 2014
	Core Banking		WMG		Holding Company And Other			Consolidated Totals
Net interest income	$	12,073	$	-	$	2		$	12,075
Provision for loan losses		1,103		-		-			1,103
Net interest income after provision for loan losses		10,970		-		2			10,972
Other non-interest income		3,190		1,989		227			5,406
Other non-interest expenses		11,969		1,371		239			13,579
Income before income tax expense		2,191		618		(10	)		2,799
Income tax expense (benefit)		651		238		(20	)		869
Segment net income	$	1,540	$	380	$	10		$	1,930

	Six Months Ended June 30, 2015
	Core Banking		WMG		Holding Company And Other			Consolidated Totals
Net interest income	$	24,986	$	-	$	3		$	24,989
Provision for loan losses		649		-		-			649
Net interest income after provision for loan losses		24,337		-		3			24,340
Other non-interest income		5,639		4,324		549			10,512
Other non-interest expenses		24,275		2,694		590			27,559
Income before income tax expense		5,701		1,630		(38	)		7,293
Income tax expense (benefit)		1,863		623		(46	)		2,440
Segment net income	$	3,838	$	1,007	$	8		$	4,853
Segment assets	$	1,547,854	$	4,552	$	1,227		$	1,553,633

	Six Months Ended June 30, 2014
	Core Banking		WMG		Holding Company And Other			Consolidated Totals
Net interest income	$	24,101	$	-	$	7		$	24,108
Provision for loan losses		1,741		-		-			1,741
Net interest income after provision for loan losses		22,360		-		7			22,367
Other non-interest income		6,079		3,872		419			10,370
Other non-interest expenses		23,782		2,689		452			26,923
Income before income tax expense		4,657		1,183		(26	)		5,814
Income tax expense (benefit)		1,410		455		(45	)		1,820
Segment net income	$	3,247	$	728	$	19		$	3,994
Segment assets	$	1,509,539	$	4,743	$	1,599		$	1,515,881