Note R - Segment Information

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

 

Note

R

- Segment Information

The reportable segments are determined by the products and services offered, primarily distinguished between banking and consumer finance.  They are also distinguished by the level of information provided to the chief operating decision maker, who uses such information to review performance of various components of the business which are then aggregated if operating performance, products/services, and customers are similar.  Loans, investments, and deposits provide the majority of the net revenues from the banking operation, while loans provide the majority of the net revenues for the consumer finance segment.  All Company segments are domestic.

Total revenues from the banking segment, which accounted for the majority of the Company’s total revenues, totaled

94.2%,

92.9%,

and

92.7%

of total consolidated revenues for the years ended

December 31, 2019,

2018

and

2017,

respectively.

The accounting policies used for the Company’s reportable segments are the same as those described in Note A - Summary of Significant Accounting Policies.  Income taxes are allocated based on income before tax expense. All goodwill is in the Banking segment.

Segment information is as follows:

	Year Ended December 31, 2019
	Banking		Consumer Finance		Total Company
Net interest income	$	39,865	$	3,187	$	43,052
Provision expense		875		125		1,000
Noninterest income		8,989		177		9,166
Noninterest expense		37,026		2,472		39,498
Tax expense		1,653		160		1,813
Net income		9,300		607		9,907
Assets		1,000,315		12,957		1,013,272

	Year Ended December 31, 2018
	Banking		Consumer Finance		Total Company
Net interest income	$	40,380	$	3,346	$	43,726
Provision expense		850		189		1,039
Noninterest income		8,243		695		8,938
Noninterest expense		34,841		2,585		37,426
Tax expense		1,990		265		2,255
Net income		10,942		1,002		11,944
Assets		1,017,902		12,591		1,030,493

	Year Ended December 31, 2017
	Banking		Consumer Finance		Total Company
Net interest income	$	38,366	$	3,367	$	41,733
Provision expense		2,415		149		2,564
Noninterest income		8,834		601		9,435
Noninterest expense		34,079		2,530		36,609
Tax expense		3,973		513		4,486
Net income		6,733		776		7,509
Assets		1,013,386		12,904		1,026,290