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Note 23 - Business Segment Information | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Business Segment Information | Note 23. Business Segment Information Selected financial and descriptive information is required to be disclosed for reportable operating segments, applying a “management perspective” as the basis for identifying reportable segments. The management perspective is determined by the view that management takes of the segments within the Company when making operating decisions, allocating resources, and measuring performance. The segments of the Company have been defined by the structure of the Company’s internal organization, focusing on the financial information that the Company’s operating decision-makers routinely use to make decisions about operating matters. The Company’s primary segment, Commercial Banking, is geographically divided by markets into the secondary segments which are the f our subsidiary banks wholly-owned by the Company: QCBT, CRBT, CSB and SFC Bank. Each of these secondary segments offer similar products and services, but are managed separately due to different pricing, product demand, and consumer markets. Each offers commercial, consumer, and mortgage loans and deposit services. The Company’s Wealth Management segment represents trust and asset management and investment management and advisory services offered at the Company’s three subsidiary banks in aggregate. This segment generates income primarily from fees charged based on assets under administration for corporate and personal trusts, custodial services, and investments managed. No assets of the subsidiary banks have been allocated to the Wealth Management segment. The Company’s All Other segment includes the corporate operations of the parent and operations of all other consolidated subsidiaries and/or defined operating segments that fall below the segment reporting thresholds. The financial results for RB&T prior to the sale of the majority of its assets and liabilities at November 30, 2019 are also included in the Company’s All Other segment as are the assets held for sale at December 31, 2019. Selected financial information on the Company’s business segments, with all intercompany accounts and transactions eliminated, is presented as follows as of and for the years ended December 31, 2019, 2018, and 2017:
| Commercial Banking |  | Wealth |  |  |  |  | Intercompany |  | Consolidated
| QCBT |  | CRBT* |  | CSB |  | SFC Bank |  | Management |  | All other* |  | Eliminations |  | Total
| (dollars in thousands)
Twelve Months Ended December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue | $ | 79,418 |  | $ | 93,147 |  | $ | 41,589 |  | $ | 31,569 |  | $ | 16,553 |  | $ | 32,791 |  | $ | (223) |  | $ | 294,844
Net interest income |  | 52,097 |  |  | 44,310 |  |  | 31,370 |  |  | 21,422 |  |  | — |  |  | 6,360 |  |  | — |  |  | 155,559
Provision |  | 3,433 |  |  | 1,080 |  |  | 679 |  |  | 1,315 |  |  | — |  |  | 559 |  |  | — |  |  | 7,066
Net income (loss) from continuing operations |  | 19,006 |  |  | 26,940 |  |  | 10,824 |  |  | 8,243 |  |  | 3,567 |  |  | (11,172) |  |  | — |  |  | 57,408
Goodwill |  | 3,223 |  |  | 14,980 |  |  | 9,888 |  |  | 45,975 |  |  | — |  |  | 682 |  |  | — |  |  | 74,748
Intangibles |  | — |  |  | 2,684 |  |  | 3,980 |  |  | 6,802 |  |  | — |  |  | 1,504 |  |  | — |  |  | 14,970
Total assets |  | 1,682,477 |  |  | 1,572,324 |  |  | 853,834 |  |  | 748,753 |  |  | — |  |  | 116,968 |  |  | (65,306) |  |  | 4,909,050
Twelve Months Ended December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue | $ | 69,691 |  | $ | 69,864 |  | $ | 36,069 |  | $ | 15,152 |  | $ | 13,433 |  | $ | 21,082 |  | $ | (871) |  | $ | 224,420
Net interest income |  | 48,682 |  |  | 43,038 |  |  | 28,763 |  |  | 11,835 |  |  | — |  |  | 10,077 |  |  | — |  |  | 142,395
Provision |  | 3,693 |  |  | 1,833 |  |  | 1,523 |  |  | 990 |  |  | — |  |  | 4,619 |  |  | — |  |  | 12,658
Net income (loss) from continuing operations |  | 18,347 |  |  | 20,044 |  |  | 8,389 |  |  | 4,816 |  |  | 2,952 |  |  | (11,428) |  |  | — |  |  | 43,120
Goodwill |  | 3,223 |  |  | 14,980 |  |  | 9,888 |  |  | 45,975 |  |  | — |  |  | 3,766 |  |  | — |  |  | 77,832
Intangibles |  | — |  |  | 3,186 |  |  | 4,675 |  |  | 7,735 |  |  | — |  |  | 1,854 |  |  | — |  |  | 17,450
Total assets |  | 1,623,369 |  |  | 1,379,222 |  |  | 785,364 |  |  | 632,849 |  |  | — |  |  | 555,293 |  |  | (26,387) |  |  | 4,949,710
Twelve Months Ended December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue | $ | 58,056 |  | $ | 45,367 |  | $ | 31,944 |  | $ | — |  | $ | 11,058 |  | $ | 20,074 |  | $ | (500) |  | $ | 165,999
Net interest income |  | 46,407 |  |  | 31,042 |  |  | 27,021 |  |  | — |  |  | — |  |  | 11,595 |  |  | — |  |  | 116,065
Provision for loan/lease losses |  | 3,909 |  |  | 1,050 |  |  | 2,783 |  |  | — |  |  | — |  |  | 728 |  |  | — |  |  | 8,470
Net income (loss) |  | 22,095 |  |  | 10,712 |  |  | 7,048 |  |  | — |  |  | 2,241 |  |  | (6,389) |  |  | — |  |  | 35,707
Goodwill |  | 3,223 |  |  | 15,223 |  |  | 9,888 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 28,334
Intangibles |  | — |  |  | 3,694 |  |  | 5,385 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 9,079
Total assets |  | 1,541,778 |  |  | 1,307,377 |  |  | 670,516 |  |  | — |  |  | — |  |  | 489,918 |  |  | (26,924) |  |  | 3,982,665
* Includes financial results for Guaranty Bank for the period from October 1, 2017 through December 2, 2017, when Guaranty Bank was merged into CRBT and financial results for RB&T for the years 2017, 2018 and the period from January 1, 2019 through November 30, 2019, prior to the sale of the majority of its assets and liabilities.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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