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Reportable Segments | 6 Months Ended
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Jun. 30, 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.
(dollars in thousands) |  |  |  |
| Three months ended |  | Three months ended
| June 30, 2018 |  | June 30, 2017
| Commercial |  |  |  |  |  |  |  |  |  |  |  | Commercial |  |  |  |  |  |  |  |  |  |
| and Retail |  | Mortgage |  |  |  |  |  |  |  |  | and Retail |  | Mortgage |  |  |  |  |  |  |  |
| Banking |  | Banking |  | Corporate |  | Eliminations |  | Consolidated |  | Banking |  | Banking |  | Corporate |  |  | Elimination |  | Consolidated
Interest income |  | $ | 18,437 |  | 98 |  | 2 |  |  | (2 | ) |  | 18,535 |  | $ | 14,851 |  | 80 |  | 6 |  |  | (6 | ) |  | 14,931
Interest expense |  |  | 3,762 |  | - |  | 163 |  |  | (2 | ) |  | 3,923 |  |  | 2,442 |  | - |  | 143 |  |  | (6 | ) |  | 2,579
Net interest income (loss) |  |  | 14,675 |  | 98 |  | (161 | ) |  | - |  |  | 14,612 |  |  | 12,409 |  | 80 |  | (137 | ) |  | - |  |  | 12,352
Provision for loan losses |  |  | 400 |  | - |  | - |  |  | - |  |  | 400 |  |  | 500 |  | - |  | - |  |  | - |  |  | 500
Noninterest income |  |  | 1,142 |  | 1,629 |  | - |  |  | - |  |  | 2,771 |  |  | 959 |  | 1,603 |  | - |  |  | - |  |  | 2,562
Noninterest expense |  |  | 8,754 |  | 1,165 |  | 60 |  |  | - |  |  | 9,979 |  |  | 7,667 |  | 1,035 |  | 60 |  |  | - |  |  | 8,762
Net income (loss) before taxes |  |  | 6,663 |  | 562 |  | (221 | ) |  | - |  |  | 7,004 |  |  | 5,201 |  | 648 |  | (197 | ) |  | - |  |  | 5,652
Income tax provision (benefit) |  |  | 1,422 |  | 118 |  | (46 | ) |  | - |  |  | 1,494 |  |  | 1,877 |  | 240 |  | (69 | ) |  | - |  |  | 2,048
Net income (loss) |  | $ | 5,241 |  | 444 |  | (175 | ) |  | - |  |  | 5,510 |  | $ | 3,324 |  | 408 |  | (128 | ) |  | - |  |  | 3,604
Total assets |  | $ | 1,777,952 |  | 9,404 |  | 174,331 |  |  | (173,903 | ) |  | 1,787,784 |  | $ | 1,527,837 |  | 10,958 |  | 156,145 |  |  | (155,714 | ) |  | 1,539,226
(dollars in thousands) |  | Six months ended |  | Six months ended
| June 30, 2018 |  | June 30, 2017
| Commercial |  |  |  |  |  |  |  |  |  |  |  | Commercial |  |  |  |  |  |  |  |  |  |
| and Retail |  | Mortgage |  |  |  |  |  |  |  |  |  | and Retail |  | Mortgage |  |  |  |  |  |  |  |
| Banking |  | Banking |  | Corporate |  | Eliminations |  | Consolidated |  | Banking |  | Banking |  | Corporate |  | Eliminations |  | Consolidated
Interest income |  | $ | 35,515 |  | 198 |  | 4 |  |  | (4 | ) |  | 35,713 |  | $ | 28,744 |  | 146 |  | 8 |  |  | (8 | ) |  | 28,890
Interest expense |  |  | 6,782 |  | - |  | 282 |  |  | (4 | ) |  | 7,060 |  |  | 4,665 |  | - |  | 274 |  |  | (8 | ) |  | 4,931
Net interest income (loss) |  |  | 28,733 |  | 198 |  | (278 | ) |  | - |  |  | 28,653 |  |  | 24,079 |  | 146 |  | (266 | ) |  | - |  |  | 23,959
Provision for loan losses |  |  | 900 |  | - |  | - |  |  | - |  |  | 900 |  |  | 1,000 |  | - |  | - |  |  | - |  |  | 1,000
Noninterest income |  |  | 2,235 |  | 2,957 |  | - |  |  | - |  |  | 5,192 |  |  | 1,954 |  | 2,660 |  | - |  |  | - |  |  | 4,614
Noninterest expense |  |  | 16,935 |  | 2,129 |  | 120 |  |  | - |  |  | 19,184 |  |  | 15,114 |  | 1,883 |  | 126 |  |  | - |  |  | 17,123
Net income before taxes |  |  | 13,133 |  | 1,026 |  | (398 | ) |  | - |  |  | 13,761 |  |  | 9,919 |  | 923 |  | (392 | ) |  | - |  |  | 10,450
Income tax provision (benefit) |  |  | 2,906 |  | 215 |  | (84 | ) |  | - |  |  | 3,037 |  |  | 3,530 |  | 342 |  | (138 | ) |  | - |  |  | 3,734
Net income (loss) |  | $ | 10,227 |  | 811 |  | (314 | ) |  | - |  |  | 10,724 |  | $ | 6,389 |  | 581 |  | (254 | ) |  | - |  |  | 6,716
Total assets |  | $ | 1,777,952 |  | 9,404 |  | 174,331 |  |  | (173,903 | ) |  | 1,787,784 |  | $ | 1,527,837 |  | 10,958 |  | 156,145 |  |  | (155,714 | ) |  | 1,539,226
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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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