XML 29 R17.htm IDEA: XBRL DOCUMENT v3.19.2

Reportable Segments

6 Months Ended

Jun. 30, 2019

Segment Reporting [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
		June 30, 2019													June 30, 2018
		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		$	22,933		155		3			(3	)		23,088		$	18,437		98		2			(2	)		18,535
Interest expense			6,391		-		161			(3	)		6,549			3,762		-		163			(2	)		3,923
Net interest income (loss)			16,542		155		(158	)		-			16,539			14,675		98		(161	)		-			14,612
Provision for loan losses			300		-		-			-			300			400		-		-			-			400
Noninterest income			1,260		2,830		-			-			4,090			1,142		1,629		-			-			2,771
Noninterest expense			9,609		1,699		60			-			11,368			8,754		1,165		60			-			9,979
Net income (loss) before taxes			7,893		1,286		(218	)		-			8,961			6,663		562		(221	)		-			7,004
Income tax provision (benefit)			1,498		270		(47	)		-			1,721			1,422		118		(46	)		-			1,494
Net income (loss)		$	6,395		1,016		(171	)		-			7,240		$	5,241		444		(175	)		-			5,510
Total assets		$	2,103,085		12,497		203,335			(202,873	)		2,116,044		$	1,777,952		9,404		174,331			(173,903)			1,787,784
		Six months ended													Six months ended
		June 30, 2019													June 30, 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		$	44,453		247		6			(6	)		44,700		$	35,515		198		4			(4	)		35,713
Interest expense			12,023		-		326			(6	)		12,343			6,782		-		282			(4	)		7,060
Net interest income (loss)			32,430		247		(320	)		-			32,357			28,733		198		(278	)		-			28,653
Provision for loan losses			600		-		-			-			600			900		-		-			-			900
Noninterest income			2,397		4,687		-			-			7,084			2,235		2,957		-			-			5,192
Noninterest expense			19,075		2,821		120			-			22,016			16,935		2,129		120			-			19,184
Net income before taxes			15,152		2,113		(440	)		-			16,825			13,133		1,026		(398	)		-			13,761
Income tax provision (benefit)			3,225		444		(93	)		-			3,576			2,906		215		(84	)		-			3,037
Net income (loss)		$	11,927		1,669		(347	)		-			13,249		$	10,227		811		(314	)		-			10,724
Total assets		$	2,103,085		12,497		203,335			(202,873	)		2,116,044		$	1,777,952		9,404		174,331			(173,903)			1,787,784

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.

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration