SEGMENT REPORTING

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT 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.  CFS amounts are the primary differences between segment amounts and consolidated totals, and are reflected in the Holding Company and CFS column below, along with amounts to eliminate transactions between segments (in thousands).

	Three months ended March 31, 2016
	Core Banking		WMG		Holding Company and CFS			Consolidated Totals
Interest and dividend income	$	13,949	$	—	$	—		$	13,949
Interest expense	924		—		—			924
Net interest income	13,025		—		—			13,025
Provision for loan losses	595		—		—			595
Net interest income after provision for loan losses	12,430		—		—			12,430
Other non-interest income	3,416		2,012		173			5,601
Other non-interest expenses	12,252		1,389		367			14,008
Income (loss) before income tax expense (benefit)	3,594		623		(194		)	4,023
Income tax expense (benefit)	1,170		235		(89		)	1,316
Segment net income (loss)	$	2,424	$	388	$	(105	)	$	2,707
Segment assets	$	1,637,242	$	4,668	$	1,316		$	1,643,226

	Three months ended March 31, 2015
	Core Banking		WMG		Holding Company And CFS		Consolidated Totals
Interest and dividend income	$	13,231	$	—	$	3	$	13,234
Interest expense	892		—		—		892
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	2,714		2,126		346		5,186
Other non-interest expenses	12,148		1,304		284		13,736
Income before income tax expense	2,515		822		65		3,402
Income tax expense	815		302		9		1,126
Segment net income	$	1,700	$	520	$	56	$	2,276
Segment assets	$	1,578,386	$	4,707	$	1,679	$	1,584,772