NOTE 21 – SEGMENT INFORMATION

The reportable segments are determined by the products and services offered, primarily distinguished between banking, trust and retirement consulting operations. They are also distinguished by the level of information provided to the chief operating decision makers in the Company, who use such information to review performance of various components of the business, which are then aggregated. Loans, investments and deposits provide the revenues in the banking operation, trust service fees provide the revenue in trust operations and consulting fees provide the revenues in the retirement consulting operations. All operations are domestic.

Accounting policies for segments are the same as those described in Note 1. Segment performance is evaluated using operating income. Income taxes are calculated on operating income. Transactions among segments are made at fair value.

Significant segment totals are reconciled to the financial statements as follows:

December 31, 2017	Trust Segment		Bank Segment		Retirement Consulting Segment		Eliminations and Others			Consolidated Totals
Assets
Goodwill and other intangibles	$	4,426	$	39,120	$	2,645	$	(822	)	$	45,369
Total assets	$	11,261	$	2,140,508	$	3,365	$	3,935		$	2,159,069

December 31, 2016

Trust

Segment

Bank

Segment

Retirement

Consulting

Segment

Eliminations and

Others

Consolidated

Totals

Goodwill and other intangibles

4,681

38,235

2,884

(646

)

45,154

Total assets

10,980

1,948,800

3,528

2,805

1,966,113

For year ended 2017	Trust Segment		Bank Segment		Retirement Consulting Segment			Eliminations and Others			Consolidated Totals
Net interest income	$	109	$	73,618	$	0		$	(81	)	$	73,646
Provision for loan losses		0		3,350		0			0		$	3,350
Service fees, security gains and other noninterest income		6,548		15,986		1,857			(340	)	$	24,051
Noninterest expense		4,801		51,284		1,363			1,029		$	58,477
Amortization and depreciation expense		277		2,558		255			0		$	3,090
Income before taxes		1,579		32,412		239			(1,450	)		32,780
Income tax		455		10,509		(23	)		(872	)	$	10,069
Net Income	$	1,124	$	21,903	$	262		$	(578	)	$	22,711

For year ended 2016	Trust Segment		Bank Segment		Retirement Consulting Segment		Eliminations and Others			Consolidated Totals
Net interest income	$	95	$	68,113	$	0	$	(88	)	$	68,120
Provision for loan losses		0		3,870		0		0		$	3,870
Service fees, security gains and other noninterest income		6,341		15,191		1,990		(278	)	$	23,244
Noninterest expense		4,818		48,804		1,380		1,319		$	56,321
Amortization and depreciation expense		305		2,519		307		0		$	3,131
Income before taxes		1,313		28,111		303		(1,685	)	$	28,042
Income tax		462		7,586		107		(670	)	$	7,485
Net Income	$	851	$	20,525	$	196	$	(1,015	)	$	20,557

For year ended 2015	Trust Segment		Bank Segment		Retirement Consulting Segment		Eliminations and Others			Consolidated Totals
Net interest income	$	65	$	49,705	$	0	$	(33	)	$	49,737
Provision for loan losses		0		3,510		0		0			3,510
Service fees, security gains and other noninterest income		6,239		10,192		2,130		(255	)		18,306
Noninterest expense		4,719		40,753		1,487		4,562			51,521
Amortization and depreciation expense		339		1,759		360		0			2,458
Income before taxes		1,246		13,875		283		(4,850	)		10,554
Income tax		425		2,968		97		(991	)		2,499
Net Income	$	821	$	10,907	$	186	$	(3,859	)	$	8,055

Bank segment includes Insurance and Investment.