SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2014

SEGMENT REPORTING

Schedule of information about the reportable segments and reconciliation to the consolidated financial statements

	Commercial
	&
	Retail		Mortgage				Intercompany
(in thousands)	Banking		Banking		Insurance		Eliminations		Consolidated
Revenues:
Interest income	$	32,258	$	2,891	$	—	$	1,265	$	36,414
Gain on loans held for sale		900		18,691		—		(1,199)		18,392
Insurance income		—		—		3,523		—		3,523
Other income		4,930		325		—		(1,239)		4,016
Total operating income		38,088		21,907		3,523		(1,173)		62,345
Expenses:
Interest expense		7,366		1,635		—		(918)		8,083
Salaries and employee benefits		13,287		14,487		3,417		—		31,191
Provision for loan losses		2,582		—		—		—		2,582
Other expense		12,094		5,640		1,027		(255)		18,506
Total operating expenses		35,329		21,762		4,444		(1,173)		60,362
Income (loss) before income taxes		2,759		145		(921)		—		1,983
Income tax expense (benefit)		208		40		(344)		—		(96)
Net income (loss)		2,551		105		(577)		—		2,079
Preferred stock dividends		332		—		—		—		332
Net income (loss) available to common shareholders	$	2,219	$	105	$	(577)	$	—	$	1,747
Capital expenditures for the year ended December 31, 2014	$	9,112	$	333	$	353	$	—	$	9,798
Total assets as of December 31, 2014		1,189,746		101,791		4,031		(185,109)		1,110,459
Goodwill as of December 31, 2014		897		16,882		—		—		17,779

	Commercial
	&
	Retail		Mortgage				Intercompany
(in thousands)	Banking		Banking		Insurance		Eliminations		Consolidated
Revenues:
Interest income	$	25,088	$	2,103	$	—	$	(231)	$	26,960
Gain on loans held for sale		2,853		19,042		—		(415)		21,480
Insurance income		—		—		1,722		—		1,722
Other income		3,843		1,400		—		—		5,243
Total operating income		31,784		22,545		1,722		(646)		55,405
Expenses:
Interest expense		5,014		1,181		—		(646)		5,549
Salaries and employee benefits		12,441		13,017		1,609		—		27,067
Provision for loan losses		2,260		—		—		—		2,260
Other expense		9,811		5,081		634		—		15,526
Total operating expenses		29,526		19,279		2,243		(646)		50,402
Income (loss) before income taxes		2,258		3,266		(521)		—		5,003
Income tax expense (benefit)		5		1,240		(262)		—		983
Net income (loss)		2,253		2,026		(259)		—		4,020
Preferred stock dividends		85		—		—		—		85
Net income (loss) available to common shareholders	$	2,168	$	2,026	$	(259)	$	—	$	3,935
Capital expenditures for the year ended December 31, 2013	$	5,613	$	489	$	399	$	—	$	6,501
Total assets as of December 31, 2013		1,021,097		92,290		3,012		(129,339)		987,060
Goodwill as of December 31, 2013		897		16,882		—		—		17,779