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SEGMENT REPORTING
 12 Months Ended
Dec. 31, 2014
SEGMENT REPORTING [Abstract]  
SEGMENT REPORTING
(19)            SEGMENT REPORTING

The Corporation manages its operations through two primary business segments:  core banking and wealth management services.  The core banking segment provides revenues by attracting deposits from the general public and using such funds to originate consumer, commercial, commercial real estate, and residential mortgage loans, primarily in the Corporation’s local markets and to invest in securities.  The wealth management services segment provides revenues by providing trust and investment advisory services to clients.

Accounting policies for the segments are the same as those described in Note 1. Summarized financial information concerning the Corporation’s reportable segments and the reconciliation to the Corporation’s consolidated results are shown in the following table.  Income taxes are allocated based on the separate taxable income of each entity and indirect overhead expenses are allocated based on reasonable and equitable allocations applicable to the reportable segment.  Holding company amounts are the primary differences between segment amounts and consolidated totals, and are reflected in the Holding Company and Other column below, along with amounts to eliminate transactions between segments (amounts in thousands):

Year ended December 31, 2014
 
Core Banking
  
Wealth Management Group
  
Holding Company and Other
  
Consolidated Totals
 
Net interest income
 
$
49,556
  
$
-
  
$
12
  
$
49,568
 
Provision for loan losses
  
3,981
   
-
   
-
   
3,981
 
Net interest income after provision for loan losses
  
45,575
   
-
   
12
   
45,587
 
Other operating income
  
18,186
   
7,746
   
824
   
26,756
 
Legal settlements
  
-
   
4,250
   
-
   
4,250
 
Other operating expenses
  
49,997
   
5,355
   
875
   
56,227
 
Income (loss) before income tax expense
  
13,764
   
(1,859
)
  
(39
)
  
11,866
 
Income tax expense (benefit)
  
4,507
   
(715
)
  
(83
)
  
3,709
 
Segment net income (loss)
 
$
9,257
  
$
(1,144
)
 
$
44
  
$
8,157
 
 
                
Segment assets
 
$
1,518,584
  
$
4,357
  
$
1,598
  
$
1,524,539
 

Year ended December 31, 2013
 
Core Banking
  
Wealth Management Group
  
Holding Company and Other
  
Consolidated Totals
 
Net interest income
 
$
46,621
  
$
-
  
$
10
  
$
46,631
 
Provision for loan losses
  
2,755
   
-
   
-
   
2,755
 
Net interest income after provision for loan losses
  
43,866
   
-
   
10
   
43,876
 
Other operating income
  
9,913
   
7,344
   
820
   
18,077
 
Other operating expenses
  
43,136
   
5,480
   
784
   
49,400
 
Income before income tax expense
  
10,643
   
1,864
   
46
   
12,553
 
Income tax expense (benefit)
  
3,139
   
717
   
(34
)
  
3,822
 
Segment net income
 
$
7,504
  
$
1,147
  
$
80
  
$
8,731
 
 
                
Segment assets
 
$
1,469,482
  
$
4,943
  
$
1,718
  
$
1,476,143
 

Year ended December 31, 2012
 
Core Banking
  
Wealth Management Group
  
Holding Company and Other
  
Consolidated Totals
 
Net interest income
 
$
46,834
  
$
-
  
$
8
  
$
46,842
 
Provision for loan losses
  
828
   
-
   
-
   
828
 
Net interest income after provision for loan losses
  
46,006
   
-
   
8
   
46,014
 
Other operating income
  
9,597
   
6,827
   
764
   
17,188
 
Other operating expenses
  
40,550
   
5,389
   
856
   
46,795
 
Income (loss) before income tax expense
  
15,053
   
1,438
   
(84
)
  
16,407
 
Income tax expense (benefit)
  
4,954
   
553
   
(122
)
  
5,385
 
Segment net income
 
$
10,099
  
$
885
  
$
38
  
$
11,022
 
                 
Segment assets
 
$
1,240,752
  
$
5,156
  
$
2,252
  
$
1,248,160