Segment Information

9 Months Ended

Sep. 30, 2014

Segment Information [Abstract]

Segment Information

7. SEGMENT INFORMATION

The Company is comprised of two primary business segments, banking and insurance agency activities. The following tables set forth information regarding these segments for the three and nine month periods ended September 30, 2014 and 2013.

	Three Months Ended September 30, 2014
		Banking		Insurance Agency
		Activities		Activities		Total
		(in thousands)
Net interest income (expense)	$	7,707	$	(29)	$	7,678
Provision for loan and lease losses		327		-		327
Net interest income (expense) after
provision for loan and lease losses		7,380		(29)		7,351
Non-interest income		1,622		-		1,622
Insurance service and fees		156		1,732		1,888
Amortization expense		-		27		27
Non-interest expense		6,363		1,095		7,458
Income before income taxes		2,795		581		3,376
Income tax provision		862		224		1,086
Net income	$	1,933	$	357	$	2,290

	Three Months Ended September 30, 2013
		Banking		Insurance Agency
		Activities		Activities		Total
		(in thousands)
Net interest income (expense)	$	7,203	$	(29)	$	7,174
Provision for loan and lease losses		774		-		774
Net interest income (expense) after
provision for loan and lease losses		6,429		(29)		6,400
Non-interest income		712		-		712
Insurance service and fees		151		1,755		1,906
Amortization expense		-		55		55
Non-interest expense		6,174		1,119		7,293
Income before income taxes		1,118		552		1,670
Income tax provision		(1,015)		235		(780)
Net income	$	2,133	$	317	$	2,450

	Nine Months Ended September 30, 2014
		Banking		Insurance Agency
		Activities		Activities		Total
		(in thousands)
Net interest income (expense)	$	22,744	$	(86)	$	22,658
Provision for loan and lease losses		655		-		655
Net interest income (expense) after
provision for loan and lease losses		22,089		(86)		22,003
Non-interest income		4,353		-		4,353
Insurance service and fees		454		5,152		5,606
Amortization expense		-		108		108
Non-interest expense		20,134		3,193		23,327
Income before income taxes		6,762		1,765		8,527
Income tax provision		1,967		679		2,646
Net income	$	4,795	$	1,086	$	5,881

	Nine Months Ended September 30, 2013
		Banking		Insurance Agency
		Activities		Activities		Total
		(in thousands)
Net interest income (expense)	$	21,090	$	(87)	$	21,003
Provision for loan and lease losses		1,304		-		1,304
Net interest income (expense) after
provision for loan and lease losses		19,786		(87)		19,699
Non-interest income		3,511		-		3,511
Insurance service and fees		384		5,248		5,632
Amortization expense		-		180		180
Non-interest expense		18,232		3,270		21,502
Income before income taxes		5,449		1,711		7,160
Income tax provision		299		672		971
Net income	$	5,150	$	1,039	$	6,189