Segment Information

6 Months Ended

Jun. 30, 2015

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:

	Six Months Ended June 30, 2015
Dollars in thousands	Community Banking			Insurance & Financial Services			Parent			Eliminations			Total
Net interest income	$	23,392		$	—		$	(414	)	$	—		$	22,978
Provision for loan losses	750			—			—			—			750
Net interest income after provision for loan losses	22,642			—			(414		)	—			22,228
Other income	3,818			2,181			566			(566		)	5,999
Other expenses	13,676			1,928			1,228			(566		)	16,266
Income (loss) before income taxes	12,784			253			(1,076		)	—			11,961
Income tax expense (benefit)	3,939			100			(372		)	—			3,667
Net income (loss)	8,845			153			(704		)	—			8,294
Dividends on preferred shares	—			—			—			—			—
Net income (loss) applicable to common shares	$	8,845		$	153		$	(704	)	$	—		$	8,294
Inter-segment revenue (expense)	$	(523	)	$	(43	)	$	566		$	—		$	—
Average assets	$	1,493,162		$	5,924		$	168,146		$	(206,859	)	$	1,460,373

	Six Months Ended June 30, 2014
Dollars in thousands	Community Banking			Insurance & Financial Services			Parent			Eliminations			Total
Net interest income	$	21,311		$	—		$	(953	)	$	—		$	20,358
Provision for loan losses	2,000			—			—			—			2,000
Net interest income after provision for loan losses	19,311			—			(953		)	—			18,358
Other income	2,901			2,588			590			(590		)	5,489
Other expenses	14,672			2,089			857			(590		)	17,028
Income (loss) before income taxes	7,540			499			(1,220		)	—			6,819
Income tax expense (benefit)	2,187			172			(362		)	—			1,997
Net income (loss)	5,353			327			(858		)	—			4,822
Dividends on preferred shares	—			—			387			—			387
Net income (loss) applicable to common shares	$	5,353		$	327		$	(1,245	)	$	—		$	4,435
Inter-segment revenue (expense)	$	(532	)	$	(58	)	$	590		$	—		$	—
Average assets	$	1,454,597		$	6,064		$	162,023		$	(217,039	)	$	1,405,645

	Three Months Ended June 30, 2015
Dollars in thousands	Community Banking			Insurance & Financial Services			Parent			Eliminations			Total
Net interest income	$	11,641		$	—		$	(183	)	$	—		$	11,458
Provision for loan losses	500			—			—			—			500
Net interest income after provision for loan losses	11,141			—			(183		)	—			10,958
Other income	1,969			891			283			(283		)	2,860
Other expenses	6,820			872			652			(283		)	8,061
Income (loss) before income taxes	6,290			19			(552		)	—			5,757
Income tax expense (benefit)	1,903			36			(192		)	—			1,747
Net income (loss)	4,387			(17		)	(360		)	—			4,010
Dividends on preferred shares	—			—			—			—			—
Net income (loss) applicable to common shares	$	4,387		$	(17	)	$	(360	)	$	—		$	4,010
Inter-segment revenue (expense)	$	(268	)	$	(15	)	$	283		$	—		$	—
Average assets	$	1,498,161		$	5,954		$	167,348		$	(204,860	)	$	1,466,603

	Three Months Ended June 30, 2014
Dollars in thousands	Community Banking			Insurance & Financial Services			Parent			Eliminations			Total
Net interest income	$	10,800		$	—		$	(480	)	$	—		$	10,320
Provision for loan losses	1,000			—			—			—			1,000
Net interest income after provision for loan losses	9,800			—			(480		)	—			9,320
Other income	1,491			1,214			297			(297		)	2,705
Other expenses	7,323			1,061			443			(297		)	8,530
Income (loss) before income taxes	3,968			153			(626		)	—			3,495
Income tax expense (benefit)	1,205			50			(192		)	—			1,063
Net income (loss)	2,763			103			(434		)	—			2,432
Dividends on preferred shares	—			—			193			—			193
Net income (loss) applicable to common shares	$	2,763		$	103		$	(627	)	$	—		$	2,239
Inter-segment revenue (expense)	$	(268	)	$	(29	)	$	297		$	—		$	—
Average assets	$	1,467,261		$	6,149		$	163,682		$	(218,027	)	$	1,419,065