Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Reconciliation of assets and revenues from segment to consolidated

Information about reportable segments, and reconciliation of such information to the consolidated financial statements as of and for the three months ended March 31, 2015 and 2014 follows:

	Three Months Ended March 31, 2015
	(in thousands)
	Bank		Trust		Unconsolidated Parent			Eliminations			Consolidated
Revenues
Interest and dividend income	$	7,491	$	13	$	1,268		$	(1,268	)	$	7,504
Income from fiduciary activities		0		980		0			0			980
Other income		2,051		261		50			(65	)		2,297
Total operating income		9,542		1,254		1,318			(1,333	)		10,781
Expenses
Interest expense		893		0		0			0			893
Provision for loan losses		275		0		0			0			275
Salaries and employee benefits		4,309		627		113			0			5,049
Other expenses		3,035		236		32			(65	)		3,238
Total operating expenses		8,512		863		145			(65	)		9,455
Income before taxes		1,030		391		1,173			(1,268	)		1,326
Income tax expense (benefit)		20		133		(32	)		0			121
Net income	$	1,010	$	258	$	1,205		$	(1,268	)	$	1,205
Capital expenditures	$	318	$	15	$	0		$	0		$	333
Total assets	$	882,771	$	5,848	$	89,543		$	(90,484	)	$	887,678

	Three Months Ended March 31, 2014
	(in thousands)
	Bank		Trust		Unconsolidated Parent			Eliminations			Consolidated
Revenues
Interest and dividend income	$	7,454	$	12	$	1,052		$	(1,052	)	$	7,466
Income from fiduciary activities		0		955		0			0			955
Other income		1,986		236		50			(65	)		2,207
Total operating income		9,440		1,203		1,102			(1,117	)		10,628
Expenses
Interest expense		1,031		0		0			0			1,031
Provision for loan losses		250		0		0			0			250
Salaries and employee benefits		4,098		645		110			0			4,853
Other expenses		3,165		257		53			(65	)		3,410
Total operating expenses		8,544		902		163			(65	)		9,544
Income before taxes		896		301		939			(1,052	)		1,084
Income tax expense (benefit)		43		102		(38	)		0			107
Net income	$	853	$	199	$	977		$	(1,052	)	$	977
Capital expenditures	$	308	$	7	$	0		$	0		$	315
Total assets	$	865,222	$	5,710	$	83,120		$	(83,962	)	$	870,090

The accounting policies of the segments are the same as those described in the summary of significant accounting policies reported in the Company's 2014 annual report on Form 10-K. The Company evaluates performance based on profit or loss from operations before income taxes, not including nonrecurring gains or losses.

Both the Parent and the Trust companies maintain deposit accounts with the Bank, on terms substantially similar to those available to other customers. These transactions are eliminated to reach consolidated totals.