Segment Information

9 Months Ended

Sep. 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:

	Nine Months Ended September 30, 2015
Dollars in thousands	Community Banking			Insurance & Financial Services			Parent			Eliminations			Total
Net interest income	$	34,861		$	—		$	(578	)	$	—		$	34,283
Provision for loan losses	1,000			—			—			—			1,000
Net interest income after provision for loan losses	33,861			—			(578		)	—			33,283
Other income	5,371			3,621			850			(850		)	8,992
Other expenses	20,961			3,204			1,823			(850		)	25,138
Income (loss) before income taxes	18,271			417			(1,551		)	—			17,137
Income tax expense (benefit)	5,577			115			(511		)	—			5,181
Net income (loss)	12,694			302			(1,040		)	—			11,956
Dividends on preferred shares	—			—			—			—			—
Net income (loss) applicable to common shares	$	12,694		$	302		$	(1,040	)	$	—		$	11,956
Inter-segment revenue (expense)	$	(785	)	$	(65	)	$	850		$	—		$	—
Average assets	$	1,493,759		$	5,932		$	167,973		$	(205,059	)	$	1,462,605

	Nine Months Ended September 30, 2014
Dollars in thousands	Community Banking			Insurance & Financial Services			Parent			Eliminations			Total
Net interest income	$	32,812		$	—		$	(1,377	)	$	—		$	31,435
Provision for loan losses	2,250			—			—			—			2,250
Net interest income after provision for loan losses	30,562			—			(1,377		)	—			29,185
Other income	4,574			3,786			931			(890		)	8,401
Other expenses	22,694			3,152			1,257			(890		)	26,213
Income (loss) before income taxes	12,442			634			(1,703		)	—			11,373
Income tax expense (benefit)	3,507			210			(502		)	—			3,215
Net income (loss)	8,935			424			(1,201		)	—			8,158
Dividends on preferred shares	—			—			580			—			580
Net income (loss) applicable to common shares	$	8,935		$	424		$	(1,781	)	$	—		$	7,578
Inter-segment revenue (expense)	$	(802	)	$	(88	)	$	890		$	—		$	—
Average assets	$	1,462,070		$	6,119		$	162,904		$	(216,335	)	$	1,414,758

	Three Months Ended September 30, 2015
Dollars in thousands	Community Banking			Insurance & Financial Services			Parent			Eliminations			Total
Net interest income	$	11,468		$	—		$	(163	)	$	—		$	11,305
Provision for loan losses	250			—			—			—			250
Net interest income after provision for loan losses	11,218			—			(163		)	—			11,055
Other income	1,882			1,111			283			(283		)	2,993
Other expenses	7,515			1,045			595			(283		)	8,872
Income (loss) before income taxes	5,585			66			(475		)	—			5,176
Income tax expense (benefit)	1,639			15			(139		)	—			1,515
Net income (loss)	3,946			51			(336		)	—			3,661
Dividends on preferred shares	—			—			—			—			—
Net income (loss) applicable to common shares	$	3,946		$	51		$	(336	)	$	—		$	3,661
Inter-segment revenue (expense)	$	(262	)	$	(21	)	$	283		$	—		$	—
Average assets	$	1,494,933		$	5,949		$	167,633		$	(201,522	)	$	1,466,993

	Three Months Ended September 30, 2014
Dollars in thousands	Community Banking			Insurance & Financial Services			Parent			Eliminations			Total
Net interest income	$	11,500		$	—		$	(424	)	$	—		$	11,076
Provision for loan losses	250			—			—			—			250
Net interest income after provision for loan losses	11,250			—			(424		)	—			10,826
Other income	1,674			1,198			341			(300		)	2,913
Other expenses	8,022			1,063			400			(300		)	9,185
Income (loss) before income taxes	4,902			135			(483		)	—			4,554
Income tax expense (benefit)	1,320			38			(140		)	—			1,218
Net income (loss)	3,582			97			(343		)	—			3,336
Dividends on preferred shares	—			—			193			—			193
Net income (loss) applicable to common shares	$	3,582		$	97		$	(536	)	$	—		$	3,143
Inter-segment revenue (expense)	$	(270	)	$	(30	)	$	300		$	—		$	—
Average assets	$	1,477,127		$	6,229		$	164,637		$	(214,953	)	$	1,433,040