Segment Reporting

3 Months Ended

Mar. 31, 2015

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 March 31, 2015
Net interest income	$	49,593	$	69	$	415	$	(1,235	)	$	48,842
Provision for loan losses	1,075		—		—		—			1,075
Noninterest income	17,136		2,395		2,364		9			21,904
Noninterest expense	43,691		1,621		1,894		208			47,414
Income (loss) before income taxes	21,963		843		885		(1,434		)	22,257
Income taxes	7,256		320		—		(559		)	7,017
Net income (loss)	$	14,707	$	523	$	885	$	(875	)	$	15,240
Total assets	$	5,800,703	$	19,960	$	43,958	$	17,228		$	5,881,849
Goodwill	271,938		2,767		—		—			274,705
Three months ended March 31, 2014
Net interest income	$	50,636	$	63	$	311	$	(1,039	)	$	49,971
Provision for loan losses	1,389		—		61		—			1,450
Noninterest income	14,083		2,393		2,116		24			18,616
Noninterest expense	44,125		1,474		1,868		178			47,645
Income (loss) before income taxes	19,205		982		498		(1,193		)	19,492
Income taxes	5,978		380		—		(463		)	5,895
Net income (loss)	$	13,227	$	602	$	498	$	(730	)	$	13,597
Total assets	$	5,826,289	$	17,442	$	44,345	$	14,755		$	5,902,831
Goodwill	273,387		2,757		—		—			276,144