Segment Information

12 Months Ended

Dec. 31, 2011

Segment Information [Abstract]

Segment Information

18.     SEGMENT INFORMATION

The Company is comprised of two primary business segments: banking activities and insurance agency activities. The operating segments are separately managed and their performance is evaluated based on net income. The banking business segment includes both commercial and consumer banking services, including a wide array of lending and depository services. The banking business segment also includes direct financing leasing of commercial small-ticket general business equipment. Origination of these leases has been discontinued, but the Company will continue to service the portfolio until maturity. The insurance agency segment includes the activities of selling various premium-based insurance policies on a commission basis, including business and personal insurance, surety bonds, risk management, life, disability and long-term care coverage, as well as providing claims adjusting services to various insurance companies and offering non-deposit investment products, such as annuities and mutual funds. All sources of segment specific revenues and expenses attributed to management's definition of net income. Revenues from transactions between the two segments are not significant. The accounting policies of the segments are the same as those described in Note 1 of these "Notes to Consolidated Financial Statements."

The following table sets forth information regarding these segments for the years ended December 31, 2011, 2010 and 2009.

	2011
	Banking Activities		Insurance Agency Activities		Total
	(in thousands)
Net interest income (expense)		$26,107		$(119)		$25,988
Provision for loan and lease losses		2,484		-		2,484
Net interest income (expense) after     provision for loan and lease losses		23,623		(119)		23,504
Non-interest income		5,504		-		5,504
Insurance services and fees		-		6,902		6,902
Net gain on sales and calls of securities		26		-		26
Amortization expense		-		490		490
Other non-interest expense		21,858		4,893		26,751
Income before income taxes		7,295		1,400		8,695
Income tax provision		2,043		540		2,583
Net income		$5,252		$860		$6,112

	2010
	Banking Activities		Insurance Agency Activities		Total
	(in thousands)
Net interest income (expense)		$24,678		$(183)		$24,495
Provision for loan and lease losses		3,943		-		3,943
Net interest income (expense) after     provision for loan and lease losses		20,735		(183)		20,552
Non-interest income		5,634		-		5,634
Insurance services and fees		-		6,992		6,992
Net gain on sales and calls of securities		7		-		7
Amortization expense		365		535		900
Other non-interest expense		20,156		5,051		25,207
Income before income taxes		5,855		1,223		7,078
Income tax provision		1,766		472		2,238
Net income		$4,089		$751		$4,840

	2009
	Banking Activities		Insurance Agency Activities		Total
	(in thousands)
Net interest income (expense)		$22,731		$(137)		$22,594
Provision for loan and lease losses		10,500		-		10,500
Net interest income (expense) after     provision for loan and lease losses		12,231		(137)		12,094
Non-interest income		6,858		-		6,858
Insurance services and fees		-		7,191		7,191
Net gain on sales and calls of securities		18		-		18
Goodwill impairment		1,985		-		1,985
Amortization expense		365		565		930
Other non-interest expense		18,305		4,837		23,142
Income (loss) before income taxes		(1,548)		1,652		104
Income tax (benefit) provision		(1,241)		638		(603)
Net (loss) income		$(307)		$1,014		$707

	December 31, 2011		December 31, 2010
Identifiable Assets, Net		(in thousands)
Banking activities		$730,893		$660,604
Insurance agency activities		10,009		10,919
Consolidated Total Assets		$740,902		$671,523