NOTE 8 – BUSINESS SEGMENT INFORMATION

Selected financial and descriptive information is required to be disclosed for reportable operating segments, applying a “management perspective” as the basis for identifying reportable segments. The management perspective is determined by the view that management takes of the segments within the Company when making operating decisions, allocating resources, and measuring performance. The segments of the Company have been defined by the structure of the Company's internal organization, focusing on the financial information that the Company's operating decision-makers routinely use to make decisions about operating matters.

The Company's primary segment, Commercial Banking, is geographically divided by markets into the secondary segments comprised of the five subsidiary banks wholly owned by the Company: QCBT, CRBT, CSB, SFC Bank and RB&T. Each of these secondary segments offers similar products and services, but is managed separately due to different pricing, product demand, and consumer markets. Each offers commercial, consumer, and mortgage loans and deposit services.

The Company's Wealth Management segment represents the trust and asset management and investment management and advisory services offered at the Company's five subsidiary banks and the Bates Companies in aggregate. This segment generates income primarily from fees charged based on assets under administration for corporate and personal trusts, custodial services, and investments managed. No assets of the subsidiary banks have been allocated to the Wealth Management segment.

The Company's All Other segment includes the operations of all other consolidated subsidiaries and/or defined operating segments that fall below the segment reporting thresholds. This segment includes the corporate operations of the parent company.

Selected financial information on the Company's business segments is presented as follows as of and for the three months ended March 31, 2019 and 2018.


	Commercial Banking										Wealth				Intercompany		Consolidated
	QCBT		CRBT		CSB		SFC Bank		RB&T		Management		All other		Eliminations		Total
	(dollars in thousands)
Three Months Ended March 31, 2019
Total revenue	$	18,544	$	19,244	$	9,270	$	7,288	$	5,596	$	4,229	$	14,582	$	(14,658)	$	64,095
Net interest income		12,139		10,407		6,966		5,227		3,428		—		(1,259)		—		36,908
Provision		1,020		425		150		500		39		—		—		—		2,134
Net income (loss)		4,185		5,100		2,157		1,653		517		1,158		12,598		(14,450)		12,918
Goodwill		3,223		14,980		9,888		45,975		—		—		3,806		—		77,872
Intangibles		—		3,061		4,501		7,501		—		—		1,855		—		16,918
Total assets		1,660,374		1,446,637		785,076		638,542		513,045		—		624,420		(601,432)		5,066,662

Three Months Ended March 31, 2018
Total revenue	$	15,808	$	15,997	$	8,163	$	—	$	4,998	$	3,189	$	12,533	$	(12,600)	$	48,087
Net interest income		12,120		10,836		6,744		—		3,465		—		(762)		—		32,403
Provision		1,120		602		576		—		242		—		—		—		2,540
Net income (loss)		4,458		4,617		1,869		—		741		771		10,514		(12,420)		10,550
Goodwill		3,223		15,223		9,888		—		—		—		—		—		28,334
Intangibles		—		3,567		5,207		—		—		—		—		—		8,774
Total assets		1,526,829		1,331,209		696,979		—		468,112		—		447,592		(444,407)		4,026,314