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Reportable Segments

9 Months Ended

Sep. 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															Three months ended
												September 30, 2017															September 30, 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		$	15,868			87			2			(2	)		15,955			12,824			87			1			-			12,912
Interest expense			2,529			-			119			(2	)		2,646			1,932			-			100			-			2,032
Net interest income (loss)			13,339			87			(117	)		-			13,309			10,892			87			(99	)		-			10,880
Provision for loan losses			500			-			-			-			500			825			-			-			-			825
Noninterest income			1,139			1,403			-			-			2,542			1,014			2,003			-			-			3,017
Noninterest expense			7,776			970			60			-			8,806			6,484			1,256			60			-			7,800
Net income (loss) before taxes			6,202			520			(177	)		-			6,545			4,597			834			(159	)		-			5,272
Income tax (provision) benefit			(2,165	)		(192	)		62			-			(2,295	)		(1,596	)		(299	)		56			-			(1,839	)
Net income (loss)		$	4,037			328			(115	)		-			4,250			3,001			535			(103	)		-			3,433
Total assets		$	1,548,771			8,476			160,905			(160,468	)		1,557,684			1,277,213			9,678			119,431			(116,576	)		1,289,746
		Nine months ended																Nine months ended
		September 30, 2017																September 30, 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		$	44,612			233			9			(9	)		44,845			37,501			243			1			(1	)		37,744
Interest expense			7,193			-			393			(9	)		7,577			5,750			-			295			(1	)		6,044
Net interest income (loss)			37,419			233			(384	)		-			37,268			31,751			243			(294	)		-			31,700
Provision for loan losses			1,500			-			-			-			1,500			2,025			-			-			-			2,025
Noninterest income			3,093			4,063			-			-			7,156			3,036			5,685			-			-			8,721
Noninterest expense			22,890			2,853			186			-			25,929			19,516			3,471			183			-			23,170
Net income before taxes			16,122			1,443			(570	)		-			16,995			13,246			2,457			(477	)		-			15,226
Income tax (provision) benefit			(5,695	)		(534	)		199			-			(6,030	)		(4,686	)		(909	)		114			-			(5,481	)
Net income (loss)		$	10,427			909			(371	)		-			10,965			8,560			1,548			(363	)		-			9,745
Total assets		$	1,548,771			8,476			160,905			(160,468	)		1,557,684			1,277,213			9,678			119,431			(116,576	)		1,289,746

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.

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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/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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