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SEGMENT REPORTING
 12 Months Ended
Dec. 31, 2016
SEGMENT REPORTING [Abstract]  
SEGMENT REPORTING

NOTE 26. SEGMENT REPORTING

 

The Company operates two primary business segments: Community Banking and Insurance Products and Services. The Community Banking business provides services to consumers and small businesses on the Eastern Shore of Maryland and in 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.

 

 

Selected financial information by business segments is included in the following table.

 





 

 

 

 

 

 

 

 

 

 

 

 



 

Community

 

Insurance Products

 

Parent

 

Consolidated

(Dollars in thousands)

 

Banking

 

and Services

 

Company

 

Total

 2016

 

 

 

 

 

 

 

 

 

 

 

 

Interest Income

 

$

 40,400 

 

$

 -

 

$

 252 

 

$

 40,652 

Interest Expense

 

 

 (2,403)

 

 

 -

 

 

 -

 

 

 (2,403)

Provision for credit losses

 

 

 (1,848)

 

 

 -

 

 

 -

 

 

 (1,848)

Noninterest income

 

 

 7,935 

 

 

 8,710 

 

 

 -

 

 

 16,645 

Noninterest expense

 

 

 (21,054)

 

 

 (6,890)

 

 

 (9,203)

 

 

 (37,147)

Net intersegment (expense) income

 

 

 (8,020)

 

 

 (761)

 

 

 8,781 

 

 

 -

Income (loss) before taxes

 

 

 15,010 

 

 

 1,059 

 

 

 (170)

 

 

 15,899 

Income tax (expense) benefit

 

 

 (5,887)

 

 

 (432)

 

 

 58 

 

 

 (6,261)

Net Income (loss)

 

$

 9,123 

 

$

 627 

 

$

 (112)

 

$

 9,638 



 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

 1,132,863 

 

$

 9,596 

 

$

 17,814 

 

$

 1,160,271 



 

 

 

 

 

 

 

 

 

 

 

 

 2015

 

 

 

 

 

 

 

 

 

 

 

 

Interest Income

 

$

 38,652 

 

$

 -

 

$

 219 

 

$

 38,871 

Interest Expense

 

 

 (3,346)

 

 

 -

 

 

 -

 

 

 (3,346)

Provision for credit losses

 

 

 (2,075)

 

 

 -

 

 

 -

 

 

 (2,075)

Noninterest income

 

 

 7,135 

 

 

 8,297 

 

 

 (16)

 

 

 15,416 

Noninterest expense

 

 

 (21,480)

 

 

 (6,984)

 

 

 (8,886)

 

 

 (37,350)

Net intersegment (expense) income

 

 

 (7,718)

 

 

 (781)

 

 

 8,499 

 

 

 -

Income (loss) before taxes

 

 

 11,168 

 

 

 532 

 

 

 (184)

 

 

 11,516 

Income tax (expense) benefit

 

 

 (4,274)

 

 

 (204)

 

 

 70 

 

 

 (4,408)

Net Income (loss)

 

$

 6,894 

 

$

 328 

 

$

 (114)

 

$

 7,108 



 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

 1,107,367 

 

$

 9,984 

 

$

 17,792 

 

$

 1,135,143 



 

 

 

 

 

 

 

 

 

 

 

 

 2014

 

 

 

 

 

 

 

 

 

 

 

 

Interest Income

 

$

 38,202 

 

$

 -

 

$

 87 

 

$

 38,289 

Interest Expense

 

 

 (4,247)

 

 

 -

 

 

 -

 

 

 (4,247)

Provision for credit losses

 

 

 (3,350)

 

 

 -

 

 

 -

 

 

 (3,350)

Noninterest income

 

 

 6,482 

 

 

 10,305 

 

 

 (6)

 

 

 16,781 

Noninterest expense

 

 

 (22,776)

 

 

 (8,527)

 

 

 (8,058)

 

 

 (39,361)

Net intersegment (expense) income

 

 

 (7,010)

 

 

 (680)

 

 

 7,690 

 

 

 -

Income (loss) before taxes

 

 

 7,301 

 

 

 1,098 

 

 

 (287)

 

 

 8,112 

Income tax (expense) benefit

 

 

 (2,755)

 

 

 (414)

 

 

 108 

 

 

 (3,061)

Net Income (loss)

 

$

 4,546 

 

$

 684 

 

$

 (179)

 

$

 5,051 



 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

 1,074,638 

 

$

 10,824 

 

$

 14,940 

 

$

 1,100,402