Segment Reporting

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

(In Thousands)

The operations of the Company’s reportable segments are described as follows:

• The Community Banks segment delivers a complete range of banking and financial services to individuals and small to medium-sized businesses including checking and savings accounts, business and personal loans, equipment leasing, as well as safe deposit and night depository facilities.

• The Insurance segment includes a full service insurance agency offering all major lines of commercial and personal insurance through major carriers.

• The Wealth Management segment offers a broad range of fiduciary services which includes the administration and management of trust accounts including personal and corporate benefit accounts, self-directed IRA’s, and custodial accounts. In addition, the Wealth Management segment offers annuities, mutual funds and other investment services through a third party broker-dealer.

In order to give the Company’s divisional management a more precise indication of the income and expenses they can control, the results of operations for the Community Banks, the Insurance and the Wealth Management segments reflect the direct revenues and expenses of each respective segment. Indirect revenues and expenses, including but not limited to income from the Company’s investment portfolio, as well as certain costs associated with data processing and back office functions, primarily support the operations of the community banks and, therefore, are included in the results of the Community Banks segment. Included in “Other” are the operations of the holding company and other eliminations which are necessary for purposes of reconciling to the consolidated amounts.

The following table provides financial information for the Company’s operating segments for the periods presented:

	Community Banks		Insurance		Wealth Management			Other			Consolidated
Three months ended June 30, 2013
Net interest income	34,251		24		324			(195		)	34,404
Provision for loan losses	2,990		—		10			—			3,000
Noninterest income	15,102		973		1,237			5			17,317
Noninterest expense	34,921		813		1,736			264			37,734
Income before income taxes	11,442		184		(185		)	(454		)	10,987
Income taxes	3,079		71		—			(182		)	2,968
Net income (loss)	8,363		113		(185		)	(272		)	8,019
Total assets	$	4,183,079	$	10,460	$	42,886		$	12,856		$	4,249,281
Goodwill	181,996		2,783		—			—			184,779
Three months ended June 30, 2012
Net interest income	$	33,661	$	24	$	341		$	(616	)	$	33,410
Provision for loan losses	4,723		—		(23		)	—			4,700
Noninterest income	13,793		901		1,563			21			16,278
Noninterest expense	34,179		793		1,646			132			36,750
Income before income taxes	8,552		132		281			(727		)	8,238
Income taxes	2,055		51		63			(276		)	1,893
Net income (loss)	$	6,497	$	81	$	218		$	(451	)	$	6,345
Total assets	$	4,054,647	$	10,186	$	38,125		$	9,419		$	4,112,377
Goodwill	182,096		2,783		—			—			184,879

	Community Banks		Insurance		Wealth Management			Other			Consolidated
Six months ended June 30, 2013
Net interest income	67,928		47		619			(809		)	67,785
Provision for loan losses	5,907		—		143			—			6,050
Noninterest income	30,122		2,006		2,541			26			34,695
Noninterest expense	70,023		1,626		3,317			368			75,334
Income before income taxes	22,120		427		(300		)	(1,151		)	21,096
Income taxes	5,802		165		—			(461		)	5,506
Net income (loss)	16,318		262		(300		)	(690		)	15,590
Total assets	$	4,183,079	$	10,460	$	42,886		$	12,856		$	4,249,281
Goodwill	181,996		2,783		—			—			184,779
Six months ended June 30, 2012
Net interest income	$	66,766	$	48	$	704		$	(1,265	)	$	66,253
Provision for loan losses	9,517		—		(17		)	—			9,500
Noninterest income	27,079		2,070		3,514			43			32,706
Noninterest expense	68,483		1,576		3,112			241			73,412
Income before income taxes	15,845		542		1,123			(1,463		)	16,047
Income taxes	3,787		210		289			(558		)	3,728
Net income (loss)	$	12,058	$	332	$	834		$	(905	)	$	12,319
Total assets	$	4,054,647	$	10,186	$	38,125		$	9,419		$	4,112,377
Goodwill	182,096		2,783		—			—			184,879