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Segment Reporting | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Segment Reporting |
(2 2.) | 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 and HNP Capital, our investment advisor and wealth management firms that provide 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 table presents information regarding the Company’s business segments as of the dates indicated (in thousands).
|  | Banking |  |  | Non-Banking |  |  | Holding Company and Other |  |  | Consolidated Totals |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 48,536 |  |  | $ | 17,526 |  |  | $ | - |  |  | $ | 66,062 |
Other intangible assets, net |  |  | 98 |  |  |  | 8,763 |  |  |  | - |  |  |  | 8,861 |
Total assets |  |  | 4,346,615 |  |  |  | 36,733 |  |  |  | 830 |  |  |  | 4,384,178 |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 48,536 |  |  | $ | 17,526 |  |  | $ | - |  |  | $ | 66,062 |
Other intangible assets, net |  |  | 213 |  |  |  | 9,898 |  |  |  | - |  |  |  | 10,111 |
Total assets |  |  | 4,272,439 |  |  |  | 35,975 |  |  |  | 3,284 |  |  |  | 4,311,698 |
(2 2.) | SEGMENT REPORTING (Continued)
The following table presents information regarding the Company’s business segments for the periods indicated (in thousands).
|  | Banking |  |  | Non- Banking (1) |  |  | Holding Company and Other |  |  | Consolidated Totals |
Year ended December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income (expense) |  | $ | 132,383 |  |  | $ | - |  |  | $ | (2,471 | ) |  | $ | 129,912 |
Provision for loan losses |  |  | (8,044 | ) |  |  | - |  |  |  | - |  |  |  | (8,044 | )
Noninterest income |  |  | 29,390 |  |  |  | 11,694 |  |  |  | (703 | ) |  |  | 40,381 |
Noninterest expense |  |  | (88,801 | ) |  |  | (11,899 | ) |  |  | (2,128 | ) |  |  | (102,828 | )
Income (loss) before income taxes |  |  | 64,928 |  |  |  | (205 | ) |  |  | (5,302 | ) |  |  | 59,421 |
Income tax (expense) benefit |  |  | (11,190 | ) |  |  | 33 |  |  |  | 598 |  |  |  | (10,559 | )
Net income (loss) |  | $ | 53,738 |  |  | $ | (172 | ) |  | $ | (4,704 | ) |  | $ | 48,862 |
Year ended December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income (expense) |  | $ | 125,334 |  |  | $ | - |  |  | $ | (2,470 | ) |  | $ | 122,864 |
Provision for loan losses |  |  | (8,934 | ) |  |  | - |  |  |  | - |  |  |  | (8,934 | )
Noninterest income |  |  | 26,295 |  |  |  | 10,780 |  |  |  | (597 | ) |  |  | 36,478 |
Noninterest expense (2) |  |  | (84,927 | ) |  |  | (12,663 | ) |  |  | (3,286 | ) |  |  | (100,876 | )
Income (loss) before income taxes |  |  | 57,768 |  |  |  | (1,883 | ) |  |  | (6,353 | ) |  |  | 49,532 |
Income tax (expense) benefit |  |  | (11,622 | ) |  |  | (129 | ) |  |  | 1,745 |  |  |  | (10,006 | )
Net income (loss) |  | $ | 46,146 |  |  | $ | (2,012 | ) |  | $ | (4,608 | ) |  | $ | 39,526 |
Year ended December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income (expense) |  | $ | 115,086 |  |  | $ | - |  |  | $ | (2,471 | ) |  | $ | 112,615 |
Provision for loan losses |  |  | (13,361 | ) |  |  | - |  |  |  | - |  |  |  | (13,361 | )
Noninterest income |  |  | 24,921 |  |  |  | 9,172 |  |  |  | 637 |  |  |  | 34,730 |
Noninterest expense (2) |  |  | (78,845 | ) |  |  | (9,264 | ) |  |  | (2,404 | ) |  |  | (90,513 | )
Income (loss) before income taxes |  |  | 47,801 |  |  |  | (92 | ) |  |  | (4,238 | ) |  |  | 43,471 |
Income tax (expense) benefit |  |  | (12,253 | ) |  |  | 491 |  |  |  | 1,817 |  |  |  | (9,945 | )
Net income (loss) |  | $ | 35,548 |  |  | $ | 399 |  |  | $ | (2,421 | ) |  | $ | 33,526 |
(1) | Reflects activity from the acquisition of the assets of Robshaw & Julian since August 31, 2017 (the date of acquisition) and from HNP Capital since June 1, 2018 (the date of acquisition).
(2) | Non-Banking segment includes SDN reporting unit goodwill impairment of $2.4 and $1.6 million for the years ended December 31, 2018 and 2017, respectively.

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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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