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v3.23.2

Segment Information | 6 Months Ended
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Jun. 30, 2023
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 |
June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Goodwill and other intangibles |  | $ | 5,709 |  |  | $ | 190,605 |  |  | $ | (4,263 | ) |  | $ | 192,051 |
Total assets |  | $ | 17,610 |  |  | $ | 5,050,547 |  |  | $ | 5,297 |  |  | $ | 5,073,454 |
(In Thousands of Dollars) |  | Trust Segment |  |  | Bank Segment |  |  | Eliminations and Others |  |  | Consolidated Totals |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Goodwill and other intangibles |  | $ | 5,739 |  |  | $ | 100,190 |  |  | $ | (4,263 | ) |  | $ | 101,666 |
Total assets |  | $ | 14,383 |  |  | $ | 4,064,112 |  |  | $ | 3,705 |  |  | $ | 4,082,200 |
(In Thousands of Dollars) |  | Trust Segment |  |  | Bank Segment |  |  | Eliminations and Others |  |  | Consolidated Totals |
For Three Months Ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Net interest income |  | $ | 57 |  |  | $ | 35,476 |  |  | $ | (955 | ) |  | $ | 34,578 |
Provision for credit losses and unfunded loans |  |  | 0 |  |  |  | 25 |  |  |  | 0 |  |  |  | 25 |
Service fees, security gains and other noninterest income |  |  | 2,668 |  |  |  | 7,167 |  |  |  | (386 | ) |  |  | 9,449 |
Noninterest expense |  |  | 1,654 |  |  |  | 22,056 |  |  |  | 475 |  |  |  | 24,185 |
Amortization and depreciation expense |  |  | 23 |  |  |  | 2,066 |  |  |  | 112 |  |  |  | 2,201 |
Income before taxes |  |  | 1,048 |  |  |  | 18,496 |  |  |  | (1,928 | ) |  |  | 17,616 |
Income taxes |  |  | 221 |  |  |  | 2,859 |  |  |  | (430 | ) |  |  | 2,650 |
Net income |  | $ | 827 |  |  | $ | 15,637 |  |  | $ | (1,498 | ) |  | $ | 14,966 |
(In Thousands of Dollars) |  | Trust Segment |  |  | Bank Segment |  |  | Eliminations and Others |  |  | Consolidated Totals |
For Six Months Ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Net interest income |  | $ | 114 |  |  | $ | 72,984 |  |  | $ | (1,910 | ) |  | $ | 71,188 |
Provision for credit losses and unfunded loans |  |  | 0 |  |  |  | 8,624 |  |  |  | 0 |  |  |  | 8,624 |
Service fees, security gains and other noninterest income |  |  | 5,568 |  |  |  | 14,923 |  |  |  | (617 | ) |  |  | 19,874 |
Noninterest expense |  |  | 3,297 |  |  |  | 48,591 |  |  |  | 1,120 |  |  |  | 53,008 |
Amortization and depreciation expense |  |  | 46 |  |  |  | 3,828 |  |  |  | 226 |  |  |  | 4,100 |
Income before taxes |  |  | 2,339 |  |  |  | 26,864 |  |  |  | (3,873 | ) |  |  | 25,330 |
Income taxes |  |  | 492 |  |  |  | 3,706 |  |  |  | (909 | ) |  |  | 3,289 |
Net income |  | $ | 1,847 |  |  | $ | 23,158 |  |  | $ | (2,964 | ) |  | $ | 22,041 |
(In Thousands of Dollars) |  | Trust Segment |  |  | Bank Segment |  |  | Eliminations and Others |  |  | Consolidated Totals |
For Three Months Ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Net interest income |  | $ | 38 |  |  | $ | 32,486 |  |  | $ | (813 | ) |  | $ | 31,711 |
Provision for credit losses and unfunded loans |  |  | 0 |  |  |  | 616 |  |  |  | 0 |  |  |  | 616 |
Service fees, security gains and other noninterest income |  |  | 4,839 |  |  |  | 4,606 |  |  |  | 32 |  |  |  | 9,477 |
Noninterest expense |  |  | 3,614 |  |  |  | 16,174 |  |  |  | 494 |  |  |  | 20,282 |
Amortization and depreciation expense |  |  | 28 |  |  |  | 1,038 |  |  |  | 113 |  |  |  | 1,179 |
Income before taxes |  |  | 1,235 |  |  |  | 19,264 |  |  |  | (1,388 | ) |  |  | 19,111 |
Income taxes |  |  | 258 |  |  |  | 3,266 |  |  |  | (364 | ) |  |  | 3,160 |
Net income |  | $ | 977 |  |  | $ | 15,998 |  |  | $ | (1,024 | ) |  | $ | 15,951 |
(In Thousands of Dollars) |  | Trust Segment |  |  | Bank Segment |  |  | Eliminations and Others |  |  | Consolidated Totals |
For Six Months Ended June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Net interest income |  | $ | 72 |  |  | $ | 64,479 |  |  | $ | (1,598 | ) |  | $ | 62,953 |
Provision for credit losses and unfunded loans |  |  | 0 |  |  |  | 258 |  |  |  | 0 |  |  |  | 258 |
Service fees, security gains and other noninterest income |  |  | 14,037 |  |  |  | 13,347 |  |  |  | (209 | ) |  |  | 27,175 |
Noninterest expense |  |  | 5,383 |  |  |  | 43,616 |  |  |  | 577 |  |  |  | 49,576 |
Amortization and depreciation expense |  |  | 56 |  |  |  | 2,058 |  |  |  | 227 |  |  |  | 2,341 |
Income before taxes |  |  | 8,670 |  |  |  | 31,894 |  |  |  | (2,611 | ) |  |  | 37,953 |
Income taxes |  |  | 1,820 |  |  |  | 5,000 |  |  |  | (662 | ) |  |  | 6,158 |
Net income |  | $ | 6,850 |  |  | $ | 26,894 |  |  | $ | (1,949 | ) |  | $ | 31,795 |
The Bank segment includes Farmers National Insurance and Farmers of Canfield Investment Co.

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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://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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