XML 49 R29.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segment Information

NOTE 21 – SEGMENT INFORMATION

The reportable segments are determined by the products and services offered, primarily distinguished between banking, trust and retirement consulting operations.  They are also distinguished by the level of information provided to the chief operating decision makers in the Company, who use such information to review performance of various components of the business, which are then aggregated.  Loans, investments and deposits provide the revenues in the banking operation, trust service fees provide the revenue in trust operations and consulting fees provide the revenues in the retirement consulting operations.  All operations are domestic.

Accounting policies for segments are the same as those described in Note 1.  Segment performance is evaluated using operating income.  Income taxes are calculated on operating income.  Transactions among segments are made at fair value.

Significant segment totals are reconciled to the financial statements as follows:

 

December 31, 2016

 

Trust

Segment

 

 

Bank

Segment

 

 

Retirement

Consulting

Segment

 

 

Eliminations and

Others

 

 

Consolidated

Totals

 

Goodwill and other intangibles

 

$

4,681

 

 

$

38,235

 

 

$

2,884

 

 

$

(646

)

 

$

45,154

 

Total assets

 

$

10,980

 

 

$

1,948,800

 

 

$

3,528

 

 

$

2,805

 

 

$

1,966,113

 

 

December 31, 2015

 

Trust

Segment

 

 

Bank

Segment

 

 

Retirement

Consulting

Segment

 

 

Eliminations and

Others

 

 

Consolidated

Totals

 

Goodwill and other intangibles

 

$

4,967

 

 

$

35,412

 

 

$

3,178

 

 

$

(646

)

 

$

42,911

 

Total assets

 

$

11,078

 

 

$

1,854,306

 

 

$

4,127

 

 

$

391

 

 

$

1,869,902

 

 

For year ended 2016

 

Trust

Segment

 

 

Bank

Segment

 

 

Retirement

Consulting

Segment

 

 

Eliminations and

Others

 

 

Consolidated

Totals

 

Net interest income

 

$

95

 

 

$

68,113

 

 

$

0

 

 

$

(88

)

 

$

68,120

 

Provision for loan losses

 

 

0

 

 

 

3,870

 

 

 

0

 

 

 

0

 

 

$

3,870

 

Service fees, security gains and other

   noninterest income

 

 

6,341

 

 

 

15,191

 

 

 

1,990

 

 

 

(278

)

 

$

23,244

 

Noninterest expense

 

 

4,818

 

 

 

48,804

 

 

 

1,380

 

 

 

1,319

 

 

$

56,321

 

Amortization and depreciation expense

 

 

305

 

 

 

2,519

 

 

 

307

 

 

 

0

 

 

$

3,131

 

Income before taxes

 

 

1,313

 

 

 

28,111

 

 

 

303

 

 

 

(1,685

)

 

 

28,042

 

Income tax

 

 

462

 

 

 

7,586

 

 

 

107

 

 

 

(670

)

 

$

7,485

 

Net Income

 

$

851

 

 

$

20,525

 

 

$

196

 

 

$

(1,015

)

 

$

20,557

 

 

For year ended 2015

 

Trust

Segment

 

 

Bank

Segment

 

 

Retirement

Consulting

Segment

 

 

Eliminations and

Others

 

 

Consolidated

Totals

 

Net interest income

 

$

65

 

 

$

49,705

 

 

$

0

 

 

$

(33

)

 

$

49,737

 

Provision for loan losses

 

 

0

 

 

 

3,510

 

 

 

0

 

 

 

0

 

 

$

3,510

 

Service fees, security gains and other

   noninterest income

 

 

6,239

 

 

 

10,192

 

 

 

2,130

 

 

 

(255

)

 

$

18,306

 

Noninterest expense

 

 

4,719

 

 

 

40,753

 

 

 

1,487

 

 

 

4,562

 

 

$

51,521

 

Amortization and depreciation expense

 

 

339

 

 

 

1,759

 

 

 

360

 

 

 

0

 

 

$

2,458

 

Income before taxes

 

 

1,246

 

 

 

13,875

 

 

 

283

 

 

 

(4,850

)

 

$

10,554

 

Income tax

 

 

425

 

 

 

2,968

 

 

 

97

 

 

 

(991

)

 

$

2,499

 

Net Income

 

$

821

 

 

$

10,907

 

 

$

186

 

 

$

(3,859

)

 

$

8,055

 

 

For year ended 2014

 

Trust

Segment

 

 

Bank

Segment

 

 

Retirement

Consulting

Segment

 

 

Eliminations and

Others

 

 

Consolidated

Totals

 

Net interest income

 

$

53

 

 

$

36,297

 

 

$

0

 

 

$

(14

)

 

$

36,336

 

Provision for loan losses

 

 

0

 

 

 

1,880

 

 

 

0

 

 

 

0

 

 

 

1,880

 

Service fees, security gains and other

   noninterest income

 

 

6,170

 

 

 

7,577

 

 

 

1,810

 

 

 

(254

)

 

 

15,303

 

Noninterest expense

 

 

4,528

 

 

 

29,268

 

 

 

2,010

 

 

 

474

 

 

 

36,280

 

Amortization and depreciation expense

 

 

378

 

 

 

1,081

 

 

 

423

 

 

 

0

 

 

 

1,882

 

Income before taxes

 

 

1,317

 

 

 

11,645

 

 

 

(623

)

 

 

(742

)

 

 

11,597

 

Income tax

 

 

451

 

 

 

2,645

 

 

 

48

 

 

 

(512

)

 

 

2,632

 

Net Income

 

$

866

 

 

$

9,000

 

 

$

(671

)

 

$

(230

)

 

$

8,965

 

 

Bank segment includes Insurance and Investment.