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

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.  All operations are domestic. Significant segment totals are reconciled to the financial statements as follows:

 

(In Thousands of Dollars)

 

Trust

Segment

 

 

Bank

Segment

 

 

Retirement

Consulting

Segment

 

 

Eliminations

and Others

 

 

Consolidated

Totals

 

March 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill and other intangibles

 

$

4,617

 

 

$

37,994

 

 

$

2,824

 

 

$

(646

)

 

$

44,789

 

Total assets

 

$

11,225

 

 

$

2,009,727

 

 

$

3,590

 

 

$

1,945

 

 

$

2,026,487

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In Thousands of Dollars)

 

Trust

Segment

 

 

Bank

Segment

 

 

Retirement

Consulting

Segment

 

 

Eliminations

and Others

 

 

Consolidated

Totals

 

December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In Thousands of Dollars)

 

Trust

Segment

 

 

Bank

Segment

 

 

Retirement

Consulting

Segment

 

 

Eliminations

and Others

 

 

Consolidated

Totals

 

For Three Months Ended March 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

26

 

 

$

17,525

 

 

$

0

 

 

$

(20

)

 

$

17,531

 

Provision for loan losses

 

 

0

 

 

 

1,050

 

 

 

0

 

 

 

0

 

 

 

1,050

 

Service fees, security gains and other noninterest income

 

 

1,678

 

 

 

3,769

 

 

 

513

 

 

 

(73

)

 

 

5,887

 

Noninterest expense

 

 

1,199

 

 

 

12,120

 

 

 

372

 

 

 

43

 

 

 

13,734

 

Amortization and depreciation expense

 

 

69

 

 

 

735

 

 

 

63

 

 

 

12

 

 

 

879

 

Income before taxes

 

 

436

 

 

 

7,389

 

 

 

78

 

 

 

(148

)

 

 

7,755

 

Income taxes

 

 

152

 

 

 

1,937

 

 

 

27

 

 

 

(144

)

 

 

1,972

 

Net Income

 

$

284

 

 

$

5,452

 

 

$

51

 

 

$

(4

)

 

$

5,783

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In Thousands of Dollars)

 

Trust

Segment

 

 

Bank

Segment

 

 

Retirement

Consulting

Segment

 

 

Eliminations

and Others

 

 

Consolidated

Totals

 

For Three Months Ended March 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

20

 

 

$

16,747

 

 

$

0

 

 

$

(20

)

 

$

16,747

 

Provision for loan losses

 

 

0

 

 

 

780

 

 

 

0

 

 

 

0

 

 

 

780

 

Service fees, security gains and other noninterest income

 

 

1,521

 

 

 

2,961

 

 

 

489

 

 

 

(25

)

 

 

4,946

 

Noninterest expense

 

 

1,152

 

 

 

11,627

 

 

 

371

 

 

 

390

 

 

 

13,540

 

Amortization and depreciation expense

 

 

76

 

 

 

714

 

 

 

89

 

 

 

25

 

 

 

904

 

Income before taxes

 

 

313

 

 

 

6,587

 

 

 

29

 

 

 

(460

)

 

 

6,469

 

Income taxes

 

 

107

 

 

 

1,696

 

 

 

10

 

 

 

(142

)

 

 

1,671

 

Net Income

 

$

206

 

 

$

4,891

 

 

$

19

 

 

$

(318

)

 

$

4,798

 

 

The Bank segment includes Farmers National Insurance and Farmers of Canfield Investment Co.