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Reportable Segments
 6 Months Ended
Jun. 30, 2017
Reportable Segments [Abstract]  
Reportable Segments

NOTE 9 – Reportable Segments

The Company’s reportable segments represent the distinct product lines the Company offers and are viewed separately for strategic planning purposes by management. The three segments include Commercial and Retail Banking, Mortgage Banking, and Corporate. The following schedule presents financial information for each reportable segment.

 
Three months ended June 30, Three months ended June 30,
2017 2016
Commercial Commercial
and Retail Mortgage Elimin- Consol- and Retail Mortgage Elimin- Consol-
(dollars in thousands)    Banking    Banking    Corporate    ations     idated     Banking    Banking    Corporate    ation    idated
Interest income $     14,851            80               6 (6 ) 14,931         12,410           93               - - 12,503
Interest expense 2,442 - 143 (6 ) 2,579 1,894 - 96 - 1,990
Net interest income (loss) 12,409 80 (137 ) - 12,352 10,516 93 (96 ) - 10,513
Provision for loan losses 500 - - - 500 575 - - - 575
Noninterest income 959 1,603 - - 2,562 911 2,235 - - 3,146
Noninterest expense 7,667 1,035 60 - 8,762 6,698 1,313 (158 ) - 7,853
Net income (loss) before taxes 5,201 648 (197 ) - 5,652 4,154 1,015 62 - 5,231
Income tax (provision) benefit (1,877 ) (240 ) 69 - (2,048 ) (1,525 ) (387 ) (13 ) - (1,925 )
Net income (loss) $ 3,324 408 (128 ) - 3,604 2,629 628 49 - 3,306
Total assets $ 1,527,837 10,958 156,145 (155,714) 1,539,226 1,272,894 15,011 115,810 (113,005 ) 1,290,710
 
Six months ended June 30, Six months ended June 30,
2017 2016
Commercial Commercial
and Retail Mortgage Elimin- Consol- and Retail Mortgage Elimin- Consol-
(dollars in thousands) Banking Banking Corporate ations idated Banking Banking Corporate ations idated
Interest income $ 28,744 146 8 (8 ) 28,890 24,677 155 1 (1 ) 24,832
Interest expense 4,665 - 274 (8 ) 4,931 3,817 - 196 (1 ) 4,012
Net interest income (loss) 24,079 146 (266 ) - 23,959 20,860 155 (195 ) - 20,820
Provision for loan losses 1,000 - - - 1,000 1,200 - - - 1,200
Noninterest income 1,954 2,660 - - 4,614 2,022 3,682 - - 5,704
Noninterest expense 15,114 1,883 126 - 17,123 13,032 2,214 123 - 15,369
Net income before taxes 9,919 923 (392 ) - 10,450 8,650 1,623 (318 ) - 9,955
Income tax (provision) benefit (3,530 ) (342 ) 138 - (3,734 ) (3,090 ) (611 ) 58 - (3,643 )
Net income (loss) $ 6,389 581 (254 ) - 6,716 5,560 1,012 (260 ) - 6,312
Total assets $ 1,527,837 10,958 156,145 (155,714) 1,539,226 1,272,894 15,011 115,810 (113,005 ) 1,290,710

Commercial and retail banking. The Company’s primary business is to provide traditional deposit and lending products and services to its commercial and retail banking clients.

Mortgage banking. The mortgage banking segment provides mortgage loan origination services for loans that will be sold in the secondary market to investors.

Corporate. Corporate is comprised primarily of compensation and benefits for certain members of management and interest on parent company debt.