Segment Information

3 Months Ended

Mar. 31, 2016

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 month periods ended March 31, 2016 and 2015.

	Three months ended March 31, 2016
		Banking		Insurance Agency
		Activities		Activities		Total
		(in thousands)
Net interest income (expense)	$	8,291	$	(31)	$	8,260
Provision for loan losses		208		-		208
Net interest income (expense) after
provision for loan losses		8,083		(31)		8,052
Non-interest income		1,246		-		1,246
Insurance service and fees		116		1,632		1,748
Non-interest expense		7,327		1,201		8,528
Income before income taxes		2,118		400		2,518
Income tax provision		650		154		804
Net income	$	1,468	$	246	$	1,714

	Three months ended March 31, 2015
		Banking		Insurance Agency
		Activities		Activities		Total
		(in thousands)
Net interest income (expense)	$	7,609	$	(28)	$	7,581
Provision for loan losses		201		-		201
Net interest income (expense) after
provision for loan losses		7,408		(28)		7,380
Non-interest income		1,237		-		1,237
Insurance service and fees		162		1,667		1,829
Non-interest expense		6,481		1,031		7,512
Income before income taxes		2,326		608		2,934
Income tax provision		794		235		1,029
Net income	$	1,532	$	373	$	1,905