Segment Information

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

We operate two business segments:  community banking and insurance & financial services.  These segments are primarily identified by the products or services offered.  The community banking segment consists of our full service banks which offer customers traditional banking products and services through various delivery channels.  The insurance & financial services segment includes three insurance agency offices that sell insurance products.  The accounting policies discussed throughout the notes to the consolidated financial statements apply to each of our business segments.

Inter-segment revenue and expense consists of management fees allocated to the community banking and the insurance & financial services segments for all centralized functions that are performed by the parent, including overall direction in the areas of strategic planning, investment portfolio management, asset/liability management, financial reporting and other financial and administrative services.  Information for each of our segments is included below:

	December 31, 2014
Dollars in thousands	Community Banking			Insurance & Financial Services			Parent			Eliminations			Total
Net interest income	$	44,209		$	—		$	(1,824	)	$	—		$	42,385
Provision for loan losses	2,250			—			—			—			2,250
Net interest income after provision for loan losses	41,959			—			(1,824		)	—			40,135
Other income	6,299			4,882			1,231			(1,189		)	11,223
Other expenses	30,579			4,188			1,746			(1,189		)	35,324
Income (loss) before income taxes	17,679			694			(2,339		)	—			16,034
Income tax expense (benefit)	5,191			226			(739		)	—			4,678
Net income (loss)	12,488			468			(1,600		)	—			11,356
Dividends on preferred shares	—			—			771			—			771
Net income (loss) applicable to common shares	$	12,488		$	468		$	(2,371	)	$	—		$	10,585
Inter-segment revenue (expense)	$	(1,071	)	$	(118	)	$	1,189		$	—		$	—
Average assets	$	1,466,521		$	6,130		$	164,769		$	(217,418	)	$	1,420,002

	December 31, 2013
Dollars in thousands	Community Banking			Insurance & Financial Services			Parent			Eliminations			Total
Net interest income	$	40,725		$	—		$	(1,922	)	$	—		$	38,803
Provision for loan losses	4,500			—			—			—			4,500
Net interest income after provision for loan losses	36,225			—			(1,922		)	—			34,303
Other income	6,375			4,834			1,087			(1,087		)	11,209
Other expenses	29,534			4,592			1,717			(1,087		)	34,756
Income (loss) before income taxes	13,066			242			(2,552		)	—			10,756
Income tax expense (benefit)	3,490			92			(894		)	—			2,688
Net income (loss)	9,576			150			(1,658		)	—			8,068
Dividends on preferred shares	—			—			775			—			775
Net income (loss) applicable to common shares	$	9,576		$	150		$	(2,433	)	$	—		$	7,293
Inter-segment revenue (expense)	$	(979	)	$	(108	)	$	1,087		$	—		$	—
Average assets	$	1,431,131		$	6,176		$	157,249		$	(211,600	)	$	1,382,956

	December 31, 2012
Dollars in thousands	Community Banking			Insurance & Financial Services			Parent			Eliminations			Total
Net interest income	$	41,600		$	—		$	(1,780	)	$	—		$	39,820
Provision for loan losses	8,500			—			—			—			8,500
Net interest income after provision for loan losses	33,100			—			(1,780		)	—			31,320
Other income	8,208			4,689			1,026			(1,044		)	12,879
Other expenses	32,435			4,215			1,661			(1,044		)	37,267
Income (loss) before income taxes	8,873			474			(2,415		)	—			6,932
Income tax expense (benefit)	1,868			184			(833		)	—			1,219
Net income (loss)	7,005			290			(1,582		)	—			5,713
Dividends on preferred shares	—			—			777			—			777
Net income (loss) applicable to common shares	$	7,005		$	290		$	(2,359	)	$	—		$	4,936
Inter-segment revenue (expense)	$	(942	)	$	(102	)	$	1,044		$	—		$	—
Average assets	$	1,477,636		$	6,399		$	154,506		$	(217,440	)	$	1,421,101