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Reportable Segments

3 Months Ended

Mar. 31, 2018

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
		March 31, 2018																March 31, 2017
(dollars in thousands)		Commercial																Commercial
		and Retail				Mortgage												and Retail			Mortgage
		Banking				Banking			Corporate			Eliminations			Consolidated			Banking			Banking			Corporate			Eliminations			Consolidated
Interest income		$	17,078			100			2			(2	)		17,178			13,893			66			2			(2	)		13,959
Interest expense			3,019			-			119			(2	)		3,136			2,223			-			131			(2	)		2,352
Net interest income (loss)			14,059			100			(117	)		-			14,042			11,670			66			(129	)		-			11,607
Provision for loan losses			500			-			-			-			500			500			-			-			-			500
Noninterest income			1,092			1,328			-			-			2,420			994			1,057			-			-			2,051
Noninterest expense			8,181			964			60			-			9,205			7,446			848			66			-			8,360
Net income (loss) before taxes			6,470			464			(177	)		-			6,757			44,718			275			(195	)		-			4,798
Income tax provision (benefit)			1,483			97			(37	)		-			1,543			1,653			102			(69	)		-			1,686
Net income (loss)		$	4,987			367			(140	)		-			5,214			3,065			173			(126	)		-			3,112
Total assets		$	1,720,017			8,814			168,137			(167,669	)		1,729,299			1,459,695			7,808			136,996			(136,561	)		1,467,938

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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No definition available.

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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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