XML 32 R21.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Reporting
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment Reporting

(13.) SEGMENT REPORTING

The Company has two reportable segments: Banking and Non-Banking. These reportable segments have been identified and organized based on the nature of the underlying products and services applicable to each segment, the type of customers to whom those products and services are offered and the distribution channel through which those products and services are made available.

The Banking segment includes all of the Company's retail and commercial banking operations. The Non-Banking segment includes the activities of SDN, a full service insurance agency that provides a broad range of insurance services to both personal and business clients, and Courier Capital, an investment advisor and wealth management firm that provides customized investment management, investment consulting and retirement plan services to individuals, businesses, institutions, foundations and retirement plans. Holding company amounts are the primary differences between segment amounts and consolidated totals, and are reflected in the Holding Company and Other column below, along with amounts to eliminate balances and transactions between segments.

The following tables present information regarding our business segments as of and for the periods indicated (in thousands).

          Holding     
          Company and    Consolidated
    Banking   Non-Banking Other    Totals
March 31, 2017                
Goodwill $ 48,536 $ 17,881 $ - $ 66,417
Other intangible assets, net   523   8,403   -   8,926
Total assets   3,826,805   30,942  2,118   3,859,865
 
December 31, 2016                
Goodwill $ 48,536 $ 17,881 $ - $ 66,417
Other intangible assets, net   579   8,644   -   9,223
Total assets   3,678,230   31,166   944   3,710,340

 

                Holding        
                Company and     Consolidated  
    Banking     Non-Banking (1)     Other     Totals  
Three months ended March 31, 2017                        
Net interest income (expense) $ 27,613   $ -   $ (618 ) $ 26,995  
Provision for loan losses   (2,781 )   -     -     (2,781 )
Noninterest income   5,578     2,405     (147 )   7,836  
Noninterest expense   (18,484 )   (1,834 )   (624 )   (20,942 )
Income (loss) before income taxes   11,926     571     (1,389 )   11,108  
Income tax (expense) benefit   (3,573 )   (222 )   630     (3,165 )
Net income (loss) $ 8,353   $ 349   $ (759 ) $ 7,943  
 
Three months ended March 31, 2016                        
Net interest income (expense) $ 25,337   $ -   $ (618 ) $ 24,719  
Provision for loan losses   (2,368 )   -     -     (2,368 )
Noninterest income   6,863     2,484     (130 )   9,217  
Noninterest expense   (18,345 )   (1,806 )   (1,067 )   (21,218 )
Income (loss) before income taxes   11,487     678     (1,815 )   10,350  
Income tax (expense) benefit   (3,101 )   (264 )   633     (2,732 )
Net income (loss) $ 8,386   $ 414   $ (1,182 ) $ 7,618  

 

(1) Includes activity from Courier Capital since January 5, 2016, the date of acquisition.