SEGMENT REPORTING

12 Months Ended

Dec. 31, 2011

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

(20)           SEGMENT REPORTING

The Corporation manages its operations through two primary business segments:  core banking and wealth management group services.  The core banking segment provides revenues by attracting deposits from the general public and using such funds to originate consumer, commercial, commercial real estate, and residential mortgage loans, primarily in the Corporation's local markets and to invest in securities.  The wealth management group services segment provides revenues by providing trust and investment advisory services to clients.

Accounting policies for the segments are the same as those described in Note 1. Summarized financial information concerning the Corporation's reportable segments and the reconciliation to the Corporation's consolidated results is shown in the following table.  Income taxes are allocated based on the separate taxable income of each entity and indirect overhead expenses are allocated based on reasonable and equitable allocations applicable to the reportable segment.  Holding company amounts are the primary differences between segment amounts and consolidated totals, and are reflected in the Holding Company and Other column below, along with amounts to eliminate transactions between segments. (dollars in thousands)

Year ended December 31, 2011	Core Banking		Wealth Management Group			Holding Company And Other		Consolidated Totals
Net interest income	$	43,840	$	-		$	9	$	43,849
Provision for loan losses		958		-			-		958
Net interest income after provision for loan losses		42,882		-			9		42,891
Other operating income		9,428		6,710			1,326		17,464
Other operating expenses		36,862		7,219			703		44,784
Income (loss) before income tax expense		15,448		(509	)		632		15,571
Income tax expense (benefit)		5,056		(195	)		172		5,033
Segment net income (loss)	$	10,392	$	(314	)	$	460	$	10,538
Segment assets	$	1,207,464	$	5,729		$	3,067	$	1,216,260

Year ended December 31, 2010	Core Banking		Wealth Management Group		Holding Company And Other		Consolidated Totals
Net interest income	$	34,526	$	-	$	4	$	34,530
Provision for loan losses		1,125		-		-		1,125
Net interest income after provision for loan losses		33,401		-		4		33,405
Other operating income		8,288		10,497		860		19,645
Other operating expenses		29,980		7,199		664		37,843
Income before income tax expense		11,709		3,298		200		15,207
Income tax expense		3,820		1,276		9		5,105
Segment net income	$	7,889	$	2,022	$	191	$	10,102
Segment assets	$	949,040	$	6,138	$	3,149	$	958,327

Year ended December 31, 2009	Core Banking		Wealth Management Group		Holding Company And Other			Consolidated Totals
Net interest income	$	33,147	$	-	$	8		$	33,155
Provision for loan losses		2,450		-		-			2,450
Net interest income after provision for loan losses		30,697		-		8			30,705
Other operating income		7,221		8,089		400			15,710
Other operating expenses		31,470		7,271		580			39,321
Income (loss) before income tax expense		6,448		818		(172	)		7,094
Income tax expense (benefit)		1,681		317		(137	)		1,861
Segment net income (loss)	$	4,767	$	501	$	(35	)	$	5,233
Segment assets	$	966,436	$	6,288	$	3,195		$	975,919