Segment Information

9 Months Ended

Sep. 30, 2016

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, 2016
Dollars in thousands	Community Banking			Insurance & Financial Services			Parent			Eliminations			Total
Net interest income (loss)	$	36,028		$	—		$	(478	)	$	—		$	35,550
Provision for loan losses	500			—			—			—			500
Net interest income (loss) after provision for loan losses	35,528			—			(478		)	—			35,050
Other income	5,240			3,361			1,166			(1,166		)	8,601
Other expenses	21,735			3,106			1,735			(1,166		)	25,410
Income (loss) before income taxes	19,033			255			(1,047		)	—			18,241
Income tax expense (benefit)	5,897			95			(337		)	—			5,655
Net income (loss)	$	13,136		$	160		$	(710	)	$	—		$	12,586
Inter-segment revenue (expense)	$	(1,081	)	$	(85	)	$	1,166		$	—		$	—
Average assets	$	1,565,099		$	5,951		$	172,840		$	(199,962	)	$	1,543,928

	Nine Months Ended September 30, 2015
Dollars in thousands	Community Banking			Insurance & Financial Services			Parent			Eliminations			Total
Net interest income (loss)	$	34,861		$	—		$	(578	)	$	—		$	34,283
Provision for loan losses	1,000			—			—			—			1,000
Net interest income (loss) 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
Inter-segment revenue (expense)	$	(785	)	$	(65	)	$	850		$	—		$	—
Average assets	$	1,493,759		$	5,932		$	167,973		$	(205,059	)	$	1,462,605

	Three Months Ended September 30, 2016
Dollars in thousands	Community Banking			Insurance & Financial Services			Parent			Eliminations			Total
Net interest income (loss)	$	12,197		$	—		$	(160	)	$	—		$	12,037
Provision for loan losses	—			—			—			—			—
Net interest income (loss) after provision for loan losses	12,197			—			(160		)	—			12,037
Other income	1,622			1,127			389			(389		)	2,749
Other expenses	7,249			1,002			557			(389		)	8,419
Income (loss) before income taxes	6,570			125			(328		)	—			6,367
Income tax expense (benefit)	2,155			40			(109		)	—			2,086
Net income (loss)	$	4,415		$	85		$	(219	)	$	—		$	4,281
Inter-segment revenue (expense)	$	(361	)	$	(28	)	$	389		$	—		$	—
Average assets	$	1,609,343		$	6,005		$	175,581		$	(201,875	)	$	1,589,054

	Three Months Ended September 30, 2015
Dollars in thousands	Community Banking			Insurance & Financial Services			Parent			Eliminations			Total
Net interest income (loss)	$	11,468		$	—		$	(163	)	$	—		$	11,305
Provision for loan losses	250			—			—			—			250
Net interest income (loss) 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
Inter-segment revenue (expense)	$	(262	)	$	(21	)	$	283		$	—		$	—
Average assets	$	1,494,933		$	5,949		$	167,633		$	(201,522	)	$	1,466,993