XML 41 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information
 12 Months Ended
Dec. 31, 2011
Segment Information [Abstract]  
Segment Information
Note 19. Segment Information

The Company operates within two business segments, Community Banking and Insurance Services. The Community Banking segment includes both commercial and consumer lending and deposit services. This segment provides customers with such products as commercial loans, real estate loans, business financing, and consumer loans. This segment also provides customers with a range of deposit products including demand deposit accounts, savings accounts, and certificates of deposit. In addition, the Community Banking segment provides wealth management services to a broad range of customers. The Insurance Services segment is a full-service insurance agency providing commercial and personal lines of insurance.

 

The following tables set forth information about the reportable operating segments and reconciliation of this information to the consolidated financial statements at and for the years ended December 31, 2011, 2010, and 2009:

 

                                 
    December 31, 2011  
    Community     Insurance     Parent/        
    Banking     Services     Elimination     Total  
(Amounts in thousands)                        

Net interest income (expense)

   $ 72,374     $ (100 )    $ (245 )    $ 72,029  

Provision for loan losses

     9,047       —         —         9,047  

Noninterest income

     29,663       6,327       (456 )      35,534  

Noninterest expense

     62,942       6,850       (877 )      68,915  
   

 

 

    

 

 

    

 

 

    

 

 

  

Income (loss) before income taxes

     30,048       (623 )      176       29,601  

Provision for income tax expense

     9,325       194       54       9,573  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net income (loss)

     20,723       (817 )      122       20,028  

Dividends on preferred stock

     —         —         703       703  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net income (loss) available to common shareholders

   $ 20,723     $ (817 )    $ (581 )    $ 19,325  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

End of period goodwill and other intangibles

   $ 77,977     $ 9,405     $ —       $ 87,382  
   

 

 

    

 

 

    

 

 

    

 

 

  

End of period assets

   $ 2,144,104     $ 11,465     $ 9,220     $ 2,164,789  
   

 

 

    

 

 

    

 

 

    

 

 

  

 

                                 
    December 31, 2010  
    Community     Insurance     Parent/        
    Banking     Services     Elimination     Total  
(Amounts in thousands)                        

Net interest income (expense)

   $ 74,072     $ (125 )    $ (90 )    $ 73,857  

Provision for loan losses

     14,757       —         —         14,757  

Noninterest income

     34,132       6,816       (440 )      40,508  

Noninterest expense

     63,983       6,856       (896 )      69,943  
   

 

 

    

 

 

    

 

 

    

 

 

  

Income (loss) before income taxes

     29,464       (165 )      366       29,665  

Provision for income tax expense

     7,308       345       165       7,818  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net income (loss) available to common shareholders

   $ 22,156     $ (510 )    $ 201     $ 21,847  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

End of period goodwill and other intangibles

   $ 78,696     $ 11,943     $ —       $ 90,639  
   

 

 

    

 

 

    

 

 

    

 

 

  

End of period assets

   $ 2,227,760     $ 12,445     $ 4,033     $ 2,244,238  
   

 

 

    

 

 

    

 

 

    

 

 

  

 

                                 
    December 31, 2009  
    Community     Insurance     Parent/        
    Banking     Services     Elimination     Total  
(Amounts in thousands)                        

Net interest income (expense)

   $ 69,364     $ (73 )    $ (39 )    $ 69,252  

Provision for loan losses

     15,801       —         —         15,801  

Noninterest income

     (60,839 )      7,427       (265 )      (53,677 ) 

Noninterest expense

     61,523       6,139       (1,038 )      66,624  
   

 

 

    

 

 

    

 

 

    

 

 

  

(Loss) income before income taxes

     (68,799 )      1,215       734       (66,850 ) 

Provision for income tax (benefit) expense

     (30,568 )      506       1,908       (28,154 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Net (loss) income available to common shareholders

   $ (38,231 )    $ 709     $ (1,174 )    $ (38,696 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  
         

End of period goodwill and other intangibles

   $ 79,419     $ 11,642     $ —       $ 91,061  
   

 

 

    

 

 

    

 

 

    

 

 

  

End of period assets

   $ 2,247,396     $ 12,230     $ 13,657     $ 2,273,283