Segment Information

3 Months Ended

Mar. 31, 2019

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, 2019
Goodwill and other intangibles	$	4,152	$	37,870	$	2,425		$	(822	)	$	43,625
Total assets	$	11,852	$	2,336,476	$	3,193		$	4,553		$	2,356,074

(In Thousands of Dollars)	Trust Segment		Bank Segment		Retirement Consulting Segment			Eliminations and Others			Consolidated Totals
December 31, 2018
Goodwill and other intangibles	$	4,199	$	38,113	$	2,462		$	(822	)	$	43,952
Total assets	$	11,490	$	2,309,644	$	3,060		$	4,670		$	2,328,864

(In Thousands of Dollars)	Trust Segment		Bank Segment		Retirement Consulting Segment			Eliminations and Others			Consolidated Totals
For Three Months Ended March 31, 2019
Net interest income	$	38	$	19,949	$	0		$	(22	)	$	19,965
Provision for loan losses		0		550		0			0			550
Service fees, security gains and other noninterest income		1,898		4,305		358			(41	)		6,520
Noninterest expense		1,263		13,527		338			140			15,268
Amortization and depreciation expense		52		605		40			12			709
Income before taxes		621		9,572		(20	)		(215	)		9,958
Income taxes		130		1,556		(4	)		(112	)		1,570
Net Income	$	491	$	8,016	$	(16	)	$	(103	)	$	8,388

(In Thousands of Dollars)	Trust Segment		Bank Segment		Retirement Consulting Segment			Eliminations and Others			Consolidated Totals
For Three Months Ended March 31, 2018
Net interest income	$	31	$	18,933	$	0		$	(18	)	$	18,946
Provision for loan losses		0		775		0			0			775
Service fees, security gains and other noninterest income		1,838		3,854		379			(61	)		6,010
Noninterest expense		1,277		12,552		312			206			14,347
Amortization and depreciation expense		63		624		50			12			749
Income before taxes		529		8,836		17			(297	)		9,085
Income taxes		111		1,353		4			(109	)		1,359
Net Income	$	418	$	7,483	$	13		$	(188	)	$	7,726

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