| Key Operating Results of Business Segments |
The following tables show key operating results for each of our business segments used to arrive at our consolidated totals for the following periods:
|
(dollars in thousands) |
|
Banking |
|
|
Wealth Management |
|
|
Other |
|
|
Total |
|
|
Quarter ended September 30, 2014: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
$ |
12,384 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
12,384 |
|
|
Interest expense |
|
|
1,014 |
|
|
|
- |
|
|
|
223 |
|
|
|
1,237 |
|
|
Net interest income |
|
|
11,370 |
|
|
|
- |
|
|
|
(223 |
) |
|
|
11,147 |
|
|
Provision for loan losses |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Noninterest income |
|
|
1,765 |
|
|
|
5,113 |
|
|
|
(141 |
) |
|
|
6,737 |
|
|
Noninterest expense |
|
|
8,216 |
|
|
|
4,351 |
|
|
|
528 |
|
|
|
13,095 |
|
|
Income (loss) before taxes on income |
|
$ |
4,919 |
|
|
$ |
762 |
|
|
$ |
(892 |
) |
|
$ |
4,789 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter ended September 30, 2013: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
$ |
9,524 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
9,524 |
|
|
Interest expense |
|
|
807 |
|
|
|
- |
|
|
|
79 |
|
|
|
886 |
|
|
Net interest income |
|
|
8,717 |
|
|
|
- |
|
|
|
(79 |
) |
|
|
8,638 |
|
|
Provision for loan losses |
|
|
445 |
|
|
|
- |
|
|
|
- |
|
|
|
445 |
|
|
Noninterest income |
|
|
953 |
|
|
|
4,233 |
|
|
|
(98 |
) |
|
|
5,088 |
|
|
Noninterest expense |
|
|
6,048 |
|
|
|
4,408 |
|
|
|
482 |
|
|
|
10,938 |
|
|
Income (loss) before taxes on income |
|
$ |
3,177 |
|
|
$ |
(175 |
) |
|
$ |
(659 |
) |
|
$ |
2,343 |
|
|
|
|
Banking |
|
|
Wealth Management |
|
|
Other |
|
|
Total |
|
|
Nine months ended September 30, 2014: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
$ |
33,990 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
33,990 |
|
|
Interest expense |
|
|
2,753 |
|
|
|
- |
|
|
|
524 |
|
|
|
3,277 |
|
|
Net interest income |
|
|
31,237 |
|
|
|
- |
|
|
|
(524 |
) |
|
|
30,713 |
|
|
Provision for loan losses |
|
|
235 |
|
|
|
- |
|
|
|
- |
|
|
|
235 |
|
|
Noninterest income |
|
|
4,694 |
|
|
|
14,400 |
|
|
|
(390 |
) |
|
|
18,704 |
|
|
Noninterest expense |
|
|
22,773 |
|
|
|
13,576 |
|
|
|
3,163 |
|
|
|
39,512 |
|
|
Income (loss) before taxes on income |
|
$ |
12,923 |
|
|
$ |
824 |
|
|
$ |
(4,077 |
) |
|
$ |
9,670 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2013: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income |
|
$ |
28,878 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
28,878 |
|
|
Interest expense |
|
|
2,417 |
|
|
|
- |
|
|
|
143 |
|
|
|
2,560 |
|
|
Net interest income |
|
|
26,461 |
|
|
|
- |
|
|
|
(143 |
) |
|
|
26,318 |
|
|
Provision for loan losses |
|
|
1,753 |
|
|
|
- |
|
|
|
- |
|
|
|
1,753 |
|
|
Noninterest income |
|
|
2,829 |
|
|
|
12,292 |
|
|
|
(290 |
) |
|
|
14,831 |
|
|
Noninterest expense |
|
|
17,922 |
|
|
|
13,017 |
|
|
|
1,420 |
|
|
|
32,359 |
|
|
Income (loss) before taxes on income |
|
$ |
9,615 |
|
|
$ |
(725 |
) |
|
$ |
(1,853 |
) |
|
$ |
7,037 |
|
|