Segment and Related Information

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment and Related Information

Segment and Related Information

The Company has two reportable segments, (i) community banking and (ii) 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 the community banking segment.

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 segment receives fees for investment and administrative services.

Amounts shown in the "Other" column includes activities of the Company which are primarily debt service on trust preferred securities and corporate items.  Intersegment eliminations primarily consist of the Company's investment in the Bank.

Segment information as of and for the three and nine months ended September 30, 2015 and 2014 (unaudited), is shown in the following tables (dollars in thousands):

	Three Months Ended September 30, 2015
	Community Banking		Trust and Investment Services		Other			Intersegment Eliminations			Total
Interest income	$	13,527	$	—	$	15		$	—		$	13,542
Interest expense	1,290		—		191			—			1,481
Noninterest income	1,788		1,262		5			—			3,055
Income (loss) before income taxes	5,160		803		(235		)	—			5,728
Net income (loss)	3,626		566		(155		)	—			4,037
Depreciation and amortization	772		3		—			—			775
Total assets	1,510,324		—		224,120			(222,007		)	1,512,437
Goodwill	44,333		—		—			—			44,333
Capital expenditures	602		—		—			—			602

	Three Months Ended September 30, 2014
	Community Banking		Trust and Investment Services		Other			Intersegment Eliminations			Total
Interest income	$	11,837	$	—	$	15		$	—		$	11,852
Interest expense	1,206		—		186			—			1,392
Noninterest income	1,800		1,177		4			—			2,981
Income (loss) before income taxes	4,205		633		(224		)	—			4,614
Net income (loss)	2,886		430		(148		)	—			3,168
Depreciation and amortization	641		3		—			—			644
Total assets	1,317,189		—		200,757			(198,789		)	1,319,157
Goodwill	39,043		—		—			—			39,043
Capital expenditures	419		—		—			—			419

	Nine Months Ended September 30, 2015
	Community Banking		Trust and Investment Services		Other			Intersegment Eliminations			Total
Interest income	$	41,173	$	—	$	45		$	—		$	41,218
Interest expense	3,834		—		563			—			4,397
Noninterest income	5,809		3,645		15			—			9,469
Income (loss) before income taxes	13,314		2,026		(827		)	—			14,513
Net income (loss)	9,522		1,456		(546		)	—			10,432
Depreciation and amortization	2,249		9		—			—			2,258
Total assets	1,510,324		—		224,120			(222,007		)	1,512,437
Goodwill	44,333		—		—			—			44,333
Capital expenditures	1,182		21		—			—			1,203

	Nine Months Ended September 30, 2014
	Community Banking		Trust and Investment Services		Other			Intersegment Eliminations			Total
Interest income	$	35,541	$	—	$	45		$	—		$	35,586
Interest expense	3,761		—		555			—			4,316
Noninterest income	4,770		3,600		14			—			8,384
Income (loss) before income taxes	12,355		2,284		(750		)	—			13,889
Net income (loss)	8,726		1,620		(495		)	—			9,851
Depreciation and amortization	2,154		8		—			—			2,162
Total assets	1,317,189		—		200,757			(198,789		)	1,319,157
Goodwill	39,043		—		—			—			39,043
Capital expenditures	685		—		—			—			685