Note 13 - Segment and Related Information

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note 13 – 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. 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.

Segment information as of and for the three and nine months ended September 30, 2021 and 2020 is shown in the following tables (dollars in thousands):

	As of and For the Three Months Ended September 30, 2021
	Community Banking		Trust and Investment Services		Total
Interest income	$	24,277	$	—	$	24,277
Interest expense		1,184		—		1,184
Noninterest income		3,547		1,576		5,123
Noninterest expense		14,164		679		14,843
Income before income taxes		12,080		811		12,891
Net income		9,537		641		10,178
Depreciation and amortization		929		3		932
Total assets		3,288,849		214		3,289,063
Goodwill		85,048		—		85,048
Capital expenditures		454		—		454

	As of and For the Three Months Ended September 30, 2020
	Community Banking		Trust and Investment Services		Total
Interest income	$	24,179	$	—	$	24,179
Interest expense		2,684		—		2,684
Noninterest income		2,716		1,576		4,292
Noninterest expense		13,598		542		14,140
Income before income taxes		8,445		583		9,028
Net income		6,764		463		7,227
Depreciation and amortization		938		3		941
Total assets		2,864,361		178		2,864,539
Goodwill		85,048		—		85,048
Capital expenditures		463		—		463

	As of and For the Nine Months Ended September 30, 2021
	Community Banking		Trust and Investment Services		Total
Interest income	$	71,648	$	—	$	71,648
Interest expense		4,361		—		4,361
Noninterest income		11,697		4,490		16,187
Noninterest expense		41,529		2,016		43,545
Income before income taxes		38,326		2,473		40,799
Net income		30,278		1,955		32,233
Depreciation and amortization		2,798		9		2,807
Total assets		3,288,849		214		3,289,063
Goodwill		85,048		—		85,048
Capital expenditures		833		—		833

	As of and For the Nine Months Ended September 30, 2020
	Community Banking		Trust and Investment Services		Total
Interest income	$	71,342	$	—	$	71,342
Interest expense		9,668		—		9,668
Noninterest income		9,050		3,572		12,622
Noninterest expense		38,751		1,155		39,906
Income before income taxes		24,866		1,193		26,059
Net income		20,273		978		21,251
Depreciation and amortization		2,838		6		2,844
Total assets		2,864,361		178		2,864,539
Goodwill		85,048		—		85,048
Capital expenditures		2,343		4		2,347