Segment Reporting

9 Months Ended

Sep. 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 September 30, 2013
Net interest income	39,133		29		331			(745		)	38,748
Provision for loan losses	2,307		—		(7		)	—			2,300
Noninterest income	16,160		1,428		1,325			22			18,935
Noninterest expense	43,590		1,021		1,768			234			46,613
Income (loss) before income taxes	9,396		436		(105		)	(957		)	8,770
Income taxes	2,428		77		—			(372		)	2,133
Net income (loss)	6,968		359		(105		)	(585		)	6,637
Total assets	$	5,662,257	$	16,661	$	42,291		$	14,839		$	5,736,048
Goodwill	272,545		2,783		—			—			275,328
Three months ended September 30, 2012
Net interest income	$	33,444	$	23	$	314		$	(649	)	$	33,132
Provision for loan losses	4,659		—		(34		)	—			4,625
Noninterest income	15,428		887		1,720			20			18,055
Noninterest expense	36,042		786		1,661			183			38,672
Income (loss) before income taxes	8,171		124		407			(812		)	7,890
Income taxes	1,203		48		51			(449		)	853
Net income (loss)	$	6,968	$	76	$	356		$	(363	)	$	7,037
Total assets	$	4,105,716	$	10,725	$	35,172		$	12,993		$	4,164,606
Goodwill	182,076		2,783		—			—			184,859

	Community Banks		Insurance		Wealth Management			Other			Consolidated
Nine months ended September 30, 2013
Net interest income	107,061		76		950			(1,554		)	106,533
Provision for loan losses	8,214		—		136			—			8,350
Noninterest income	46,282		3,434		3,866			48			53,630
Noninterest expense	113,613		2,647		5,085			602			121,947
Income (loss) before income taxes	31,516		863		(405		)	(2,108		)	29,866
Income taxes	8,230		242		—			(833		)	7,639
Net income (loss)	23,286		621		(405		)	(1,275		)	22,227
Total assets	$	5,662,257	$	16,661	$	42,291		$	14,839		$	5,736,048
Goodwill	272,545		2,783		—			—			275,328
Nine months ended September 30, 2012
Net interest income	$	100,210	$	71	$	1,018		$	(1,914	)	$	99,385
Provision for loan losses	14,176		—		(51		)	—			14,125
Noninterest income	42,507		2,957		5,234			63			50,761
Noninterest expense	104,525		2,362		4,773			424			112,084
Income (loss) before income taxes	24,016		666		1,530			(2,275		)	23,937
Income taxes	4,990		258		340			(1,007		)	4,581
Net income (loss)	$	19,026	$	408	$	1,190		$	(1,268	)	$	19,356
Total assets	$	4,105,716	$	10,725	$	35,172		$	12,993		$	4,164,606
Goodwill	182,076		2,783		—			—			184,859