Segment and Related Information

12 Months Ended

Dec. 31, 2013

Segment and Related Information [Abstract]

Segment and Related Information

Note 21 – Segment and Related Information

The Company has two reportable segments, community banking and trust and investment services.

Community banking involves making loans to and generating deposits from individuals and businesses.  All assets and liabilities of the Company are allocated to community banking.  Investment income from securities is also allocated to the community banking segment.  Loan fee income, service charges from deposit accounts, and non-deposit fees such as automated teller machine fees and insurance commissions generate additional income for community banking.

Trust and investment services include estate planning, trust account administration, investment management, and retail brokerage.  Investment management services include purchasing equity, fixed income, and mutual fund investments for customer accounts. The trust and investment services division receives fees for investment and administrative services.

Amounts shown in the "Other" column include activities of the Company which are primarily debt service on trust preferred securities and corporate items.  Intersegment eliminations primarily consist of the Company's interest income on deposits held by the Bank.

Segment information as of and for the years ended December 31, 2013, 2012, and 2011, is shown in the following table:

	2013
(in thousands)				Trust and
	Community			Investment							Intersegment
	Banking			Services			Other				Eliminations				Total
Interest income		$	52,928		$	-		$	28			$	-			$	52,956
Interest expense			5,829			-			754				-				6,583
Noninterest income			6,649			4,158			20				-				10,827
Income (loss) before income taxes			20,142			2,605			(946	)			-				21,801
Net income (loss)			14,489			1,882			(624	)			-				15,747
Depreciation and amortization			3,220			15			-				-				3,235
Total assets			1,305,540			-			1,972				-				1,307,512
Capital expenditures			861			4			-				-				865
	2012
				Trust and
	Community			Investment							Intersegment
	Banking			Services			Other				Eliminations				Total
Interest income		$	57,806		$	-		$	6			$	(6	)		$	57,806
Interest expense			7,334			-			813				(6	)			8,141
Noninterest income			7,255			4,136			19				-				11,410
Income (loss) before income taxes			21,051			2,380			(1,132	)			-				22,299
Net income (loss)			15,049			1,709			(752	)			-				16,006
Depreciation and amortization			3,677			19			-				-				3,696
Total assets			1,282,796			-			891				-				1,283,687
Capital expenditures			699			-			-				-				699
	2011
				Trust and
	Community			Investment							Intersegment
	Banking			Services			Other				Eliminations				Total
Interest income		$	49,187		$	-		$	55			$	(55	)		$	49,187
Interest expense			7,811			-			1,024				(55	)			8,780
Noninterest income			5,379			3,836			29				-				9,244
Income (loss) before income taxes			16,610			2,330			(2,459	)			-				16,481
Net income (loss)			11,886			1,697			(2,012	)			-				11,571
Depreciation and amortization			2,647			20			-				-				2,667
Total assets			1,303,816			-			890				-				1,304,706
Capital expenditures			1,731			3			-				-				1,734