Segment Reporting

3 Months Ended

Mar. 31, 2020

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

	Banking		Non- Banking		Holding Company and Other		Consolidated Totals
March 31, 2020
Goodwill	$	48,536	$	17,526	$	—	$	66,062
Other intangible assets, net		77		8,490		—		8,567
Total assets		4,435,724		35,619		425		4,471,768
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

	Banking			Non- Banking			Holding Company and Other			Consolidated Totals
Three months ended March 31, 2020
Net interest income (expense)	$	33,742		$	—		$	(618	)	$	33,124
Provision for credit losses		(13,915	)		—			—			(13,915	)
Noninterest income		6,867			3,264			(169	)		9,962
Noninterest expense		(23,778	)		(3,186	)		(758	)		(27,722	)
Income (loss) before income taxes		2,916			78			(1,545	)		1,449
Income tax (expense) benefit		141			(25	)		(438	)		(322	)
Net income (loss)	$	3,057		$	53		$	(1,983	)	$	1,127

	Banking			Non- Banking			Holding Company and Other			Consolidated Totals
Three months ended March 31, 2019
Net interest income (expense)	$	32,409		$	—		$	(617	)	$	31,792
Provision for loan losses		(1,193	)		—			—			(1,193	)
Noninterest income		6,266			3,026			(172	)		9,120
Noninterest expense		(21,453	)		(3,041	)		(677	)		(25,171	)
Income (loss) before income taxes		16,029			(15	)		(1,466	)		14,548
Income tax (expense) benefit		(3,344	)		—			317			(3,027	)
Net income (loss)	$	12,685		$	(15	)	$	(1,149	)	$	11,521