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Segment Information

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Segment Information

Segment Information:

The reportable segments are determined by the products and services offered, primarily distinguished between banking and trust.  The trust and retirement consulting segments were combined on July 1, 2019.   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				Eliminations and Others				Consolidated Totals
September 30, 2019
Goodwill and other intangibles		$	6,410			$	37,385			$	(823	)		$	42,972
Total assets		$	14,177			$	2,413,255			$	5,778			$	2,433,210

(In Thousands of Dollars)		Trust Segment				Bank Segment				Eliminations and Others				Consolidated Totals
December 31, 2018
Goodwill and other intangibles		$	6,661			$	38,113			$	(822	)		$	43,952
Total assets		$	14,550			$	2,309,644			$	4,670			$	2,328,864

(In Thousands of Dollars)		Trust Segment				Bank Segment				Eliminations and Others				Consolidated Totals
For Three Months Ended September 30, 2019
Net interest income		$	43			$	20,734			$	(20	)		$	20,757
Provision for loan losses			0				550				0				550
Service fees, security gains and other noninterest income			2,277				5,235				(71	)			7,441
Noninterest expense			1,459				13,937				321				15,717
Amortization and depreciation expense			91				602				13				706
Income before taxes			770				10,880				(425	)			11,225
Income taxes			162				2,019				(110	)			2,071
Net income		$	608			$	8,861			$	(315	)		$	9,154

(In Thousands of Dollars)		Trust Segment				Bank Segment				Eliminations and Others				Consolidated Totals
For Nine Months Ended September 30, 2019
Net interest income		$	121			$	61,157			$	(65	)		$	61,213
Provision for loan losses			0				1,850				0				1,850
Service fees, security gains and other noninterest income			6,825				14,329				(199	)			20,955
Noninterest expense			4,580				41,656				734				46,970
Amortization and depreciation expense			275				1,822				37				2,134
Income before taxes			2,091				30,158				(1,035	)			31,214
Income taxes			440				5,049				(360	)			5,129
Net income		$	1,651			$	25,109			$	(675	)		$	26,085

(In Thousands of Dollars)		Trust Segment				Bank Segment				Eliminations and Others				Consolidated Totals
For Three Months Ended September 30, 2018
Net interest income		$	39			$	19,906			$	(26	)		$	19,919
Provision for loan losses			0				950				0				950
Service fees, security gains and other noninterest income			2,332				4,235				(89	)			6,478
Noninterest expense			1,552				13,611				276				15,439
Amortization and depreciation expense			111				617				13				741
Income before taxes			708				8,963				(404	)			9,267
Income taxes			148				1,136				(101	)			1,183
Net income		$	560			$	7,827			$	(303	)		$	8,084

(In Thousands of Dollars)		Trust Segment				Bank Segment				Eliminations and Others				Consolidated Totals
For Nine Months Ended September 30, 2018
Net interest income		$	104			$	58,390			$	(67	)		$	58,427
Provision for loan losses			0				2,475				0				2,475
Service fees, security gains and other noninterest income			6,798				12,210				(214	)			18,794
Noninterest expense			4,685				39,047				761				44,493
Amortization and depreciation expense			337				1,866				38				2,241
Income before taxes			1,880				27,212				(1,080	)			28,012
Income taxes			395				4,080				(346	)			4,129
Net income		$	1,485			$	23,132			$	(734	)		$	23,883

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

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- References

No definition available.

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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

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