SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2015

SEGMENT REPORTING

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

	2015
	Commercial
	&				Financial
	Retail		Mortgage		Holding				Intercompany
(in thousands)	Banking		Banking		Company		Insurance		Eliminations		Consolidated
Revenues:
Interest income	$	40,524	$	3,882	$	2	$	—	$	(308)	$	44,100
Mortgage fee income		7		30,560		—		—		(1,095)		29,472
Insurance and investment services income		338		—		—		4,733		—		5,071
Other income		3,721		1,673		4,331		6		(4,580)		5,151
Total operating income		44,590		36,115		4,333		4,739		(5,983)		83,794
Expenses:
Interest expense		6,776		1,647		2,204		—		(1,402)		9,225
Salaries and employee benefits		11,049		20,774		4,250		3,603		—		39,676
Provision for loan losses		2,493		—		—		—		—		2,493
Other expense		16,132		7,471		2,534		1,002		(4,581)		22,558
Total operating expenses		36,450		29,892		8,988		4,605		(5,983)		73,952
Income (loss) before income taxes		8,140		6,223		(4,655)		134		—		9,842
Income tax expense (benefit)		2,176		2,394		(1,597)		53		—		3,026
Net income (loss)		5,964		3,829		(3,058)		81		—		6,816
Preferred stock dividends		—		—		575		—		—		575
Net income (loss) available to common shareholders	$	5,964	$	3,829	$	(3,633)	$	81	$	—	$	6,241
Capital expenditures for the year ended December 31, 2015	$	1,174	$	354	$	616	$	9	$	—	$	2,153
Total assets as of December 31, 2015		1,378,988		125,227		151,441		5,017		(276,197)		1,384,476
Goodwill as of December 31, 2015		1,598		16,882		—		—		—		18,480

	2014
	Commercial
	&				Financial
	Retail		Mortgage		Holding				Intercompany
(in thousands)	Banking		Banking		Company		Insurance		Eliminations		Consolidated
Revenues:
Interest income	$	33,175	$	2,645	$	2	$	—	$	346	$	36,168
Mortgage fee income		64		18,691		—		—		(1,198)		17,557
Insurance and investment services income		328		—		—		3,523		—		3,851
Other income		4,458		(2)		4,357		—		(4,676)		4,137
Total operating income		38,025		21,334		4,359		3,523		(5,528)		61,713
Expenses:
Interest expense		5,663		1,063		1,703		—		(918)		7,511
Salaries and employee benefits		9,629		14,487		3,658		3,417		—		31,191
Provision for loan losses		2,582		—		—		—		—		2,582
Other expense		13,994		5,990		1,970		1,102		(4,610)		18,446
Total operating expenses		31,868		21,540		7,331		4,519		(5,528)		59,730
Income (loss) before income taxes		6,157		(206)		(2,972)		(996)		—		1,983
Income tax expense (benefit)		1,326		(57)		(993)		(372)		—		(96)
Net income (loss)		4,831		(149)		(1,979)		(624)		—		2,079
Preferred stock dividends		—		—		332		—		—		332
Net income (loss) available to common shareholders	$	4,831	$	(149)	$	(2,311)	$	(624)	$	—	$	1,747
Capital expenditures for the year ended December 31, 2014	$	9,072	$	333	$	40	$	353	$	—	$	9,798
Total assets as of December 31, 2014		1,048,101		101,791		146,137		4,031		(189,601)		1,110,459
Goodwill as of December 31, 2014		897		16,882		—		—		—		17,779

	2013
	Commercial
	&				Financial
	Retail		Mortgage		Holding				Intercompany
(in thousands)	Banking		Banking		Company		Insurance		Eliminations		Consolidated
Revenues:
Interest income	$	25,334	$	1,764	$	2	$	—	$	415	$	27,515
Mortgage fee income		2,172		19,044		—		—		(415)		20,801
Insurance and investment services income		140		—		—		1,722		—		1,862
Other income		4,200		1,351		—		—		(646)		4,905
Total operating income		31,846		22,159		2		1,722		(646)		55,083
Expenses:
Interest expense		4,958		796		79		—		(646)		5,187
Salaries and employee benefits		12,245		13,017		196		1,609		—		27,067
Provision for loan losses		2,260		—		—		—		—		2,260
Other expense		9,624		5,081		227		634		—		15,566
Total operating expenses		29,087		18,894		502		2,243		(646)		50,080
Income (loss) before income taxes		2,759		3,265		(500)		(521)		—		5,003
Income tax expense (benefit)		195		1,240		(190)		(262)		—		983
Net income (loss)		2,564		2,025		(310)		(259)		—		4,020
Preferred stock dividends		—		—		85		—		—		85
Net income (loss) available to common shareholders	$	2,564	$	2,025	$	(395)	$	(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		924,328		92,290		99,730		3,012		(132,300)		987,060
Goodwill as of December 31, 2013		897		16,882		—		—		—		17,779