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Segments
3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segments
We operate three reportable operating segments: Community Banking, Insurance and Wealth Management.
Our Community Banking segment offers services which include accepting time and demand deposits, originating commercial and consumer loans and providing letters of credit and credit card services.
Our Insurance segment includes a full-service insurance agency offering commercial property and casualty insurance, group life and health coverage, employee benefit solutions and personal insurance lines.
Our Wealth Management segment offers discount brokerage services, services as executor and trustee under wills and deeds, guardian and custodian of employee benefits and other trust and brokerage services, as well as a registered investment advisor that manages private investment accounts for individuals and institutions.
The following represents total assets by reportable operating segment as of the dates presented: 
(dollars in thousands)
March 31, 2015

 
December 31, 2014

Community Banking
$
5,959,651

 
$
4,954,728

Insurance
8,098

 
7,468

Wealth Management
3,544

 
2,490

Total Assets
$
5,971,293

 
$
4,964,686


The following tables provide financial information for our three segments for the three month periods ended March 31, 2015 and 2014. The financial results of the business segments include allocations for shared services based on an internal analysis that supports line of business and branch performance measurement. Shared services include expenses such as employee benefits, occupancy expense, computer support and other corporate overhead. Even with these allocations, the financial results are not necessarily indicative of the business segments’ financial condition and results of operations as if they existed as independent entities. The information provided under the caption “Eliminations” represents operations not considered to be reportable segments and/or general operating expenses and eliminations and adjustments, which are necessary for purposes of reconciling to the Consolidated Financial Statements.
 
Three Months Ended March 31, 2015
(dollars in thousands)
Community
Banking

Insurance

Wealth Management

Eliminations

Consolidated

Interest income
$
43,887

$

$
140

$
(111
)
$
43,916

Interest expense
3,889



(232
)
3,657

Net interest income
39,998


140

121

40,259

Provision for loan losses
1,207




1,207

Noninterest income
7,537

1,553

2,916

78

12,084

Noninterest expense
28,687

1,137

2,220

199

32,243

Depreciation expense
1,011

12

7


1,030

Amortization of intangible assets
326

13

9


348

Provision for income taxes
4,256

137

287


4,680

Net Income
$
12,048

$
254

$
533

$

$
12,835

 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2014
(dollars in thousands)
Community
Banking

Insurance

Wealth Management

Eliminations

Consolidated

Interest income
$
38,630

$

$
174

$
(139
)
$
38,665

Interest expense
3,482



(408
)
3,074

Net interest income
35,148


174

269

35,591

Provision for loan losses
289




289

Noninterest income
6,854

1,521

2,935

106

11,416

Noninterest expense
23,973

1,155

2,274

375

27,777

Depreciation expense
803

11

7


821

Amortization of intangible assets
292

13

11


316

Provision for income taxes
3,365

120

286


3,771

Net Income
$
13,280

$
222

$
531

$

$
14,033