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Segment Information

3 Months Ended

Mar. 31, 2020

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 in 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.  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
March 31, 2020
Goodwill and other intangibles		$	6,256			$	49,500			$	(3,558	)		$	52,198
Total assets		$	14,208			$	2,649,518			$	4,523			$	2,668,249

(In Thousands of Dollars)		Trust Segment				Bank Segment				Eliminations and Others				Consolidated Totals
December 31, 2019
Goodwill and other intangibles		$	6,326			$	37,141			$	(822	)		$	42,645
Total assets		$	13,892			$	2,430,784			$	4,482			$	2,449,158

(In Thousands of Dollars)		Trust Segment				Bank Segment				Eliminations and Others				Consolidated Totals
For Three Months Ended March 31, 2020
Net interest income		$	34			$	22,352			$	(84	)		$	22,302
Provision for loan losses			0				1,100				0				1,100
Service fees, security gains and other noninterest income			2,243				5,620				(148	)			7,715
Noninterest expense			1,517				15,881				433				17,831
Amortization and depreciation expense			76				627				48				751
Income before taxes			684				10,364				(713	)			10,335
Income taxes			144				1,759				(207	)			1,696
Net income		$	540			$	8,605			$	(506	)		$	8,639

(In Thousands of Dollars)		Trust Segment				Bank Segment				Eliminations and Others				Consolidated Totals
For Three Months Ended March 31, 2019
Net interest income		$	38			$	19,949			$	(22	)		$	19,965
Provision for loan losses			0				550				0				550
Service fees, security gains and other noninterest income			2,256				4,305				(41	)			6,520
Noninterest expense			1,601				13,527				140				15,268
Amortization and depreciation expense			92				605				12				709
Income before taxes			601				9,572				(215	)			9,958
Income taxes			126				1,556				(112	)			1,570
Net income		$	475			$	8,016			$	(103	)		$	8,388

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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