SEGMENT AND RELATED INFORMATION

9 Months Ended

Sep. 30, 2011

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

10. SEGMENT AND RELATED INFORMATION

Bancorp accounts for intercompany fees and services at fair value according to regulatory requirements for the service provided. Intercompany items relate primarily to the provision of accounting, human resources, data processing and marketing services.

Summarized financial information concerning Bancorp’s reportable segments and the reconciliation to Bancorp’s consolidated results are shown in the following table. The “Other” column includes Bancorp’s trust operations and corporate-related items, including interest expense related to trust preferred securities. Investment in subsidiaries is netted out of the presentations below. The “Intersegment” column identifies the intersegment activities of revenues, expenses and other assets between the “Banking” and “Other” segments.

(Dollars in thousands)	Three months ended September 30, 2011
	Banking			Other			Intersegment			Consolidated
Interest income	$	24,711		$	10		$	-		$	24,721
Interest expense		5,104			276			-			5,380
Net interest income (expense)		19,607			(266	)		-			19,341
Provision for credit losses		1,132			-			-			1,132
Noninterest income		7,931			754			(271	)		8,414
Noninterest expense		21,982			909			(271	)		22,620
Income (loss) before income taxes		4,424			(421	)		-			4,003
Benefit for income taxes		(2,109	)		(164	)		-			(2,273	)
Net income (loss)	$	6,533		$	(257	)	$	-		$	6,276
Depreciation and amortization	$	2,349		$	8		$	-		$	2,357
Assets	$	2,516,335		$	15,227		$	(10,315	)	$	2,521,247
Loans, net	$	1,467,310		$	-		$	-		$	1,467,310
Deposits	$	2,000,518		$	-		$	(9,740	)	$	1,990,778
Equity	$	334,746		$	(37,879	)	$	-		$	296,867
(Dollars in thousands)	Three months ended September 30, 2010
	Banking			Other			Intersegment			Consolidated
Interest income	$	26,037		$	16		$	-		$	26,053
Interest expense		3,866			312			-			4,178
Net interest income (expense)		22,171			(296	)		-			21,875
Provision for credit losses		1,567			-			-			1,567
Noninterest income		7,612			744			(287	)		8,069
Noninterest expense		22,403			887			(287	)		23,003
Income (loss) before income taxes		5,813			(439	)		-			5,374
Provision (benefit) for income taxes		(505	)		(171	)		-			(676	)
Net income (loss)	$	6,318		$	(268	)	$	-		$	6,050
Depreciation and amortization	$	2,201		$	9		$	-		$	2,210
Assets	$	2,481,955		$	16,782		$	(12,358	)	$	2,486,379
Loans, net	$	1,533,698		$	-		$	-		$	1,533,698
Deposits	$	1,986,850		$	-		$	(11,795	)	$	1,975,055
Equity	$	312,783		$	(38,076	)	$	-		$	274,707

(Dollars in thousands)	Nine months ended September 30, 2011
	Banking				Other		Intersegment			Consolidated
Interest income	$	74,710		$	33		$	-		$	74,743
Interest expense		11,044			885			-			11,929
Net interest income (expense)		63,666			(852	)		-			62,814
Provision for credit losses		6,634			-			-			6,634
Noninterest income		23,843			2,369			(812	)		25,400
Noninterest expense		66,162			2,781			(812	)		68,131
Income (loss) before income taxes		14,713			(1,264	)		-			13,449
Provision (benefit) for income taxes		(2,073	)		(493	)		-			(2,566	)
Net income (loss)	$	16,786		$	(771	)	$	-		$	16,015
Depreciation and amortization	$	6,367		$	22		$	-		$	6,389
Assets	$	2,516,335		$	15,227		$	(10,315	)	$	2,521,247
Loans, net	$	1,467,310		$	-		$	-		$	1,467,310
Deposits	$	2,000,518		$	-		$	(9,740	)	$	1,990,778
Equity	$	334,746		$	(37,879	)	$	-		$	296,867
(Dollars in thousands)	Nine months ended September 30, 2010
	Banking			Other			Intersegment			Consolidated
Interest income	$	80,016		$	51		$	-		$	80,067
Interest expense		17,787			862			-			18,649
Net interest income (expense)		62,229			(811	)		-			61,418
Provision for credit losses		16,959			-			-			16,959
Noninterest income		22,658			2,303			(859	)		24,102
Noninterest expense		65,162			2,704			(859	)		67,007
Income (loss) before income taxes		2,766			(1,212	)		-			1,554
Provision (benefit) for income taxes		714			(473	)		-			241
Net income (loss)	$	2,052		$	(739	)	$	-		$	1,313
Depreciation and amortization	$	6,342		$	27		$	-		$	6,369
Assets	$	2,481,955		$	16,782		$	(12,358	)	$	2,486,379
Loans, net	$	1,533,698		$	-		$	-		$	1,533,698
Deposits	$	1,986,850		$	-		$	(11,795	)	$	1,975,055
Equity	$	312,783		$	(38,076	)	$	-		$	274,707