XML 62 R30.htm IDEA: XBRL DOCUMENT
v2.4.0.6

SEGMENT RESULTS | 12 Months Ended
--- | ---
Dec. 31, 2012
SEGMENT RESULTS [Abstract] |
SEGMENT RESULTS | ## 22. SEGMENT RESULTS The financial performance of the Company is also monitored by an internal funds transfer pricing profitability measurement system which produces line of business results and key performance measures. The Company's major business units include retail banking, commercial lending, trust, and investment/parent. The reported results reflect the underlying economics of the business segments. Expenses for centrally provided services are allocated based upon the cost and estimated usage of those services. The businesses are match-funded and interest rate risk is centrally managed and accounted for within the investment/parent business segment. The key performance measure the Company focuses on for each business segment is net income contribution. Retail banking includes the deposit-gathering branch franchise and lending to both individuals and small businesses. Lending activities include residential mortgage loans, direct consumer loans, and small business commercial loans. Commercial banking to businesses includes commercial loans, and commercial real-estate loans. The trust segment contains our wealth management businesses which include the Trust Company, West Chester Capital Advisors, our registered investment advisory firm and financial services. Wealth management includes personal trust products and services such as personal portfolio investment management, estate planning and administration, custodial services and pre-need trusts. Also, institutional trust products and services such as 401(k) plans, defined benefit and defined contribution employee benefit plans, and individual retirement accounts are included in this segment. Financial services include the sale of mutual funds, annuities, and insurance products. The Wealth management businesses also includes the union collective investment funds, namely the ERECT and BUILD funds which are designed to use union pension dollars in construction projects that utilize union labor. The investment/parent includes the net results of investment securities and borrowing activities, general corporate expenses not allocated to the business segments, interest expense on guaranteed junior subordinated deferrable interest debentures, and centralized interest rate risk management. Inter-segment revenues were not material. The contribution of the major business segments to the Consolidated Results of Operations were as follows:
|  | YEAR ENDED DECEMBER 31, 2012
|  | RETAIL BANKING |  | COMMERCIAL BANKING |  | TRUST |  | INVESTMENT/ PARENT |  | TOTAL
|  | (IN THOUSANDS)
Net interest income |  | $ | 20,585 |  |  | $ | 14,499 |  |  | $ | 35 |  |  | $ | (2,916) |  |  | $ | 32,203 |
Provision (credit) for loan loss |  |  | (160) |  |  |  | (615) |  |  |  | - |  |  |  | - |  |  |  | (775) |
Non-interest income |  |  | 6,565 |  |  |  | 585 |  |  |  | 7,784 |  |  |  | 9 |  |  |  | 14,943 |
Non-interest expense |  |  | 22,802 |  |  |  | 8,970 |  |  |  | 6,387 |  |  |  | 2,482 |  |  |  | 40,641 |
Income (loss) before income taxes |  |  | 4,508 |  |  |  | 6,729 |  |  |  | 1,432 |  |  |  | (5,389) |  |  |  | 7,280 |
Income tax expense (benefit) |  |  | 1,358 |  |  |  | 2,044 |  |  |  | 487 |  |  |  | (1,648) |  |  |  | 2,241 |
Net income (loss) |  | $ | 3,150 |  |  | $ | 4,685 |  |  | $ | 945 |  |  | $ | (3,741) |  |  | $ | 5,039 |
Total assets |  | $ | 336,241 |  |  | $ | 497,331 |  |  | $ | 4,429 |  |  | $ | 162,990 |  |  | $ | 1,000,991 |
|  | YEAR ENDED DECEMBER 31, 2011
|  | RETAIL BANKING |  | COMMERCIAL BANKING |  | TRUST |  | INVESTMENT/ PARENT |  | TOTAL
|  | (IN THOUSANDS)
Net interest income |  | $ | 20,100 |  |  | $ | 13,860 |  |  | $ | 41 |  |  | $ | (1,718 | ) |  | $ | 32,283 |
Provision (credit) for loan loss |  |  | (263 | ) |  |  | (3,312 | ) |  |  | - |  |  |  | - |  |  |  | (3,575 | )
Non-interest income |  |  | 6,055 |  |  |  | 597 |  |  |  | 7,282 |  |  |  | (365 | ) |  |  | 13,569 |
Non-interest expense |  |  | 23,470 |  |  |  | 7,833 |  |  |  | 6,118 |  |  |  | 2,616 |  |  |  | 40,037 |
Income (loss) before income taxes |  |  | 2,948 |  |  |  | 9,936 |  |  |  | 1,205 |  |  |  | (4,699 | ) |  |  | 9,390 |
Income tax expense (benefit) |  |  | 880 |  |  |  | 2,995 |  |  |  | 410 |  |  |  | (1,432 | ) |  |  | 2,853 |
Net income (loss) |  | $ | 2,068 |  |  | $ | 6,941 |  |  | $ | 795 |  |  | $ | (3,267 | ) |  | $ | 6,537 |
Total assets |  | $ | 337,869 |  |  | $ | 442,087 |  |  | $ | 3,917 |  |  | $ | 195,203 |  |  | $ | 979,076 |
|  | YEAR ENDED DECEMBER 31, 2010
|  | RETAIL BANKING |  | COMMERCIAL BANKING |  | TRUST |  | INVESTMENT/ PARENT |  | TOTAL
|  | (IN THOUSANDS)
Net interest income |  | $ | 18,940 |  |  | $ | 12,252 |  |  | $ | 60 |  |  | $ | 1,090 |  |  | $ | 32,342 |
Provision for loan loss |  |  | 268 |  |  |  | 4,982 |  |  |  | - |  |  |  | - |  |  |  | 5,250 |
Non-interest income |  |  | 6,875 |  |  |  | 663 |  |  |  | 6,286 |  |  |  | 143 |  |  |  | 13,967 |
Non-interest expense |  |  | 23,906 |  |  |  | 7,463 |  |  |  | 6,013 |  |  |  | 2,315 |  |  |  | 39,697 |
Income (loss) before income taxes |  |  | 1,641 |  |  |  | 470 |  |  |  | 333 |  |  |  | (1,082 | ) |  |  | 1,362 |
Income tax expense (benefit) |  |  | 379 |  |  |  | (27 | ) |  |  | 111 |  |  |  | (383 | ) |  |  | 80 |
Net income (loss) |  | $ | 1,262 |  |  | $ | 497 |  |  | $ | 222 |  |  | $ | (699 | ) |  | $ | 1,282 |
Total assets |  | $ | 317,210 |  |  | $ | 455,609 |  |  | $ | 3,520 |  |  | $ | 172,635 |  |  | $ | 948,974 |

X
- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration