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Segment Information

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment Information

NOTE 23 – SEGMENT INFORMATION

The reportable segments are determined by the products and services offered, primarily distinguished between banking and trust operations.  The trust and retirement consulting segments were combined during 2019.  The segments 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 and consulting fees provide the revenue in trust 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, 2019		Trust Segment				Bank Segment				Eliminations and Others				Consolidated Totals
Assets
Goodwill and other intangibles		$	6,326			$	37,141			$	(822	)		$	42,645
Total assets		$	13,892			$	2,430,784			$	4,482			$	2,449,158

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

For year ended 2019		Trust Segment				Bank Segment				Eliminations and Others				Consolidated Totals
Net interest income		$	156			$	82,301			$	(79	)		$	82,378
Provision for loan losses			0				2,450				0				2,450
Service fees, security gains and other    noninterest income			9,097				19,769				(264	)			28,602
Noninterest expense			6,015				55,621				980				62,616
Amortization and depreciation expense			365				2,425				49				2,839
Income before taxes			2,873				41,574				(1,372	)			43,075
Income tax			604				7,170				(459	)			7,315
Net Income		$	2,269			$	34,404			$	(913	)		$	35,760

For year ended 2018		Trust Segment				Bank Segment				Eliminations and Others				Consolidated Totals
Net interest income		$	141			$	78,446			$	(86	)		$	78,501
Provision for loan losses			0				3,000				0				3,000
Service fees, security gains and other    noninterest income			8,942				16,887				(330	)			25,499
Noninterest expense			6,251				52,635				889				59,775
Amortization and depreciation expense			448				2,494				0				2,942
Income before taxes			2,384				37,204				(1,305	)			38,283
Income tax			504				5,653				(443	)			5,714
Net Income		$	1,880			$	31,551			$	(862	)		$	32,569

For year ended 2017		Trust Segment				Bank Segment				Eliminations and Others				Consolidated Totals
Net interest income		$	109			$	73,618			$	(81	)		$	73,646
Provision for loan losses			0				3,350				0				3,350
Service fees, security gains and other    noninterest income			8,405				15,986				(340	)			24,051
Noninterest expense			6,164				50,903				1,029				58,096
Amortization and depreciation expense			532				2,558				0				3,090
Income before taxes			1,818				32,793				(1,450	)			33,161
Income tax			432				10,890				(872	)			10,450
Net Income		$	1,386			$	21,903			$	(578	)		$	22,711

Bank segment includes Farmers Insurance and Investment.

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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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