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Segment Reporting
 3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

Note 12 – Segment Reporting

 

The Company operates two primary business segments: Community Banking and Insurance Products and Services. Through the Community Banking business, the Company provides services to consumers and small businesses on the Eastern Shore of Maryland and Delaware through its 18-branch network. Community banking activities include small business services, retail brokerage, trust services and consumer banking products and services. Loan products available to consumers include mortgage, home equity, automobile, marine, and installment loans, credit cards and other secured and unsecured personal lines of credit. Small business lending includes commercial mortgages, real estate development loans, equipment and operating loans, as well as secured and unsecured lines of credit, credit cards, accounts receivable financing arrangements, and merchant card services.

 

Through the Insurance Products and Services business, the Company provides a full range of insurance products and services to businesses and consumers in the Company’s market areas. Products include property and casualty, life, marine, individual health and long-term care insurance. Pension and profit sharing plans and retirement plans for executives and employees are available to suit the needs of individual businesses.

 

The following table includes selected financial information by business segments for the first three months of 2013 and 2012.

 

    Community     Insurance Products     Parent     Consolidated  
(Dollars in thousands)   Banking     and Services     Company     Total  
2013                                
Interest income   $ 10,588     $ 19     $ -     $ 10,607  
Interest expense     (2,130 )     -       -       (2,130 )
Provision for credit losses     (2,150 )     -       -       (2,150 )
Noninterest income     1,492       3,007     (9 )     4,490  
Noninterest expense     (6,233 )     (2,513 )     (1,745 )     (10,491 )
Net intersegment (expense) income     (1,304 )     (174 )     1,478       -  
Income (loss) before taxes     263       339       (276 )     326  
Income tax (expense) benefit     (84 )     (108 )     88       (104 )
Net income (loss)   $ 179     $ 231     $ (188 )   $ 222  
                                 
Total assets   $ 1,085,625     $ 16,489     $ 2,497     $ 1,104,611  
                                 
                                 
2012                                
Interest income   $ 11,834     $ 22     $ -     $ 11,856  
Interest expense     (2,656 )     -     (5 )     (2,661 )
Provision for credit losses     (8,370 )     -       -       (8,370 )
Noninterest income     1,728       2,840       6       4,574  
Noninterest expense     (6,357 )     (2,535 )     (1,606 )     (10,498 )
Net intersegment (expense) income     (1,399 )     (138 )     1,537       -  
(Loss) income before taxes     (5,220 )     189       (68 )     (5,099 )
Income tax benefit (expense)     2,114       (79 )     28       2,063  
Net (loss) income   $ (3,106 )   $ 110     $ (40 )   $ (3,036 )
                                 
Total assets   $ 1,150,516     $ 17,112     $ 2,093     $ 1,169,721