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Reportable Segments

3 Months Ended

Mar. 31, 2019

Reportable Segments [Abstract]

Reportable Segments

NOTE 10 – 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, 2019												March 31, 2018
		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		$	21,519		93		3			(3	)		21,612		17,078		100		2			(2	)		17,178
Interest expense			5,631		-		166			(3	)		5,794		3,019		-		119			(2	)		3,136
Net interest income (loss)			15,888		93		(163	)		-			15,818		14,059		100		(117	)		-			14,042
Provision for loan losses			300		-		-			-			300		500		-		-			-			500
Noninterest income			1,137		1,857		-			-			2,994		1,092		1,328		-			-			2,420
Noninterest expense			9,465		1,123		60			-			10,648		8,181		964		60			-			9,205
Net income (loss) before taxes			7,260		827		(223	)		-			7,864		6,470		464		(177	)		-			6,757
Income tax provision (benefit)			1,728		174		(47	)		-			1,855		1,483		97		(37	)		-			1,543
Net income (loss)		$	5,532		653		(176	)		-			6,009		4,987		367		(140	)		-			5,214
Total assets		$	2,002,957		11,003		194,671			(194,205	)		2,014,426		1,720,017		8,814		168,137			(167,669	)		1,729,299

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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- References

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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