SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2016

SEGMENT REPORTING

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

	Commercial &				Financial
Three months ended March 31, 2016	Retail		Mortgage		Holding				Intercompany
(in thousands)	Banking		Banking		Company		Insurance		Eliminations		Consolidated
Revenues:
Interest income	$	12,462	$	941	$	1	$	—	$	(22)	$	13,382
Mortgage fee income		(22)		7,108		—		—		(301)		6,785
Insurance and investment services income		53		—		—		1,064		—		1,117
Other income		1,072		679		1,613		—		(1,590)		1,774
Total operating income		13,565		8,728		1,614		1,064		(1,913)		23,058
Expenses:
Interest expense		2,040		419		552		—		(324)		2,687
Provision for loan losses		625		—		—		—		—		625
Salaries and employee benefits		2,831		5,711		1,766		952		—		11,260
Other expense		4,473		1,944		764		282		(1,589)		5,874
Total operating expenses		9,969		8,074		3,082		1,234		(1,913)		20,446
Income (loss) before income taxes		3,596		654		(1,468)		(170)		—		2,612
Income tax expense (benefit)		1,137		258		(515)		(64)		—		816
Net income (loss)		2,459		396		(953)		(106)		—		1,796
Preferred stock dividends		—		—		186		—		—		186
Net income (loss) available to common shareholders	$	2,459	$	396	$	(1,139)	$	(106)	$	—	$	1,610
Capital expenditures for the three-month period ended March 31, 2016	$	549	$	41	$	62	$	—	$	—	$	652
Total assets as of March 31, 2016		1,433,380		126,854		146,896		2,366		(276,856)		1,432,640
Total assets as of December 31, 2015		1,378,988		125,227		151,441		5,017		(276,197)		1,384,476
Goodwill as of March 31, 2016		1,598		16,882		—		—		—		18,480
Goodwill as of December 31, 2015	$	1,598	$	16,882	$	—	$	—	$	—	$	18,480

	Commercial &				Financial
Three months ended March 31, 2015	Retail		Mortgage		Holding				Intercompany
(in thousands)	Banking		Banking		Company		Insurance		Eliminations		Consolidated
Revenues:
Interest income	$	8,903	$	830	$	1	$	—	$	(96)	$	9,638
Mortgage fee income		(13)		6,551		—		—		(229)		6,309
Insurance and investment services income		71		—		—		1,627		—		1,698
Other income		766		2,688		1,158		—		(1,220)		3,392
Total operating income		9,727		10,069		1,159		1,627		(1,545)		21,037
Expenses:
Interest expense		1,499		374		543		—		(325)		2,091
Provision for loan losses		659		—		—		—		—		659
Salaries and employee benefits		2,778		5,091		979		886		—		9,734
Other expense		4,128		1,691		436		186		(1,220)		5,221
Total operating expenses		9,064		7,156		1,958		1,072		(1,545)		17,705
Income (loss) before income taxes		663		2,913		(799)		555		—		3,332
Income tax expense (benefit)		167		1,115		(264)		211		—		1,229
Net income (loss)		496		1,798		(535)		344		—		2,103
Preferred stock dividends		—		—		142		—		—		142
Net income (loss) available to common shareholders	$	496	$	1,798	$	(677)	$	344	$	—	$	1,961
Capital expenditures for the three-month period ended March 31, 2015	$	318	$	28	$	41		7	$	—	$	394
Total assets as of March 31, 2015		1,204,263		159,904		141,096		4,188		(314,478)		1,194,973
Total assets as of December 31, 2014		1,048,101		101,791		146,137		4,031		(189,601)		1,110,459
Goodwill as of March 31, 2015		897		16,882		—		—		—		17,779
Goodwill as of December 31, 2014	$	897	$	16,882	$	—	$	—	$	—	$	17,779