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Segment Information
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Information

Segment Information:

The reportable segments are determined by the products and services offered, primarily distinguished between banking and trust.  These 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, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill and other intangibles

 

$

5,796

 

 

$

100,654

 

 

$

(4,263

)

 

$

102,187

 

Total assets

 

$

19,548

 

 

$

4,182,798

 

 

$

3,509

 

 

$

4,205,855

 

 

 

(In Thousands of Dollars)

 

Trust

Segment

 

 

Bank

Segment

 

 

Eliminations

and Others

 

 

Consolidated

Totals

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill and other intangibles

 

$

5,814

 

 

$

101,055

 

 

$

(4,263

)

 

$

102,606

 

Total assets

 

$

14,365

 

 

$

4,124,530

 

 

$

3,854

 

 

$

4,142,749

 

 

(In Thousands of Dollars)

 

Trust

Segment

 

 

Bank

Segment

 

 

Eliminations

and Others

 

 

Consolidated

Totals

 

For Three Months Ended March 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

34

 

 

$

31,993

 

 

$

(785

)

 

$

31,242

 

Provision for credit losses and unfunded loans

 

 

0

 

 

 

(358

)

 

 

0

 

 

 

(358

)

Service fees, security gains and other noninterest income

 

 

9,198

 

 

 

8,741

 

 

 

(241

)

 

 

17,698

 

Noninterest expense

 

 

1,769

 

 

 

27,442

 

 

 

83

 

 

 

29,294

 

Amortization and depreciation expense

 

 

28

 

 

 

1,134

 

 

 

0

 

 

 

1,162

 

Income before taxes

 

 

7,435

 

 

 

12,516

 

 

 

(1,109

)

 

 

18,842

 

Income taxes

 

 

1,562

 

 

 

1,734

 

 

 

(298

)

 

 

2,998

 

Net income

 

$

5,873

 

 

$

10,782

 

 

$

(811

)

 

$

15,844

 

 

(In Thousands of Dollars)

 

Trust

Segment

 

 

Bank

Segment

 

 

Eliminations

and Others

 

 

Consolidated

Totals

 

For Three Months Ended March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income

 

$

31

 

 

$

25,290

 

 

$

(54

)

 

$

25,267

 

Provision for credit losses and unfunded loans

 

 

0

 

 

 

425

 

 

 

0

 

 

 

425

 

Service fees, security gains and other noninterest income

 

 

2,603

 

 

 

7,514

 

 

 

15

 

 

 

10,132

 

Noninterest expense

 

 

1,556

 

 

 

15,181

 

 

 

(218

)

 

 

16,519

 

Amortization and depreciation expense

 

 

64

 

 

 

666

 

 

 

68

 

 

 

798

 

Income before taxes

 

 

1,014

 

 

 

16,532

 

 

 

111

 

 

 

17,657

 

Income taxes

 

 

212

 

 

 

2,947

 

 

 

(58

)

 

 

3,101

 

Net income

 

$

802

 

 

$

13,585

 

 

$

169

 

 

$

14,556

 

 

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