Segment Reporting

3 Months Ended

Jun. 30, 2011

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

SEGMENT REPORTING

The Company has two primary operating segments, Banking and Wealth Management, which are delineated by the products and services that each segment offers. The segments are evaluated separately on their individual performance, as well as their contribution to the Company as a whole.

The Banking operating segment consists of a full-service commercial bank, with locations in St. Louis, Kansas City, and Phoenix. The majority of the Company’s assets and income result from the Banking segment. All banking locations have the same product and service offerings, have similar types and classes of customers and utilize similar service delivery methods. Pricing guidelines and operating policies for products and services are the same across all regions.

The Wealth Management segment includes the Trust division of the Bank and the state tax credit brokerage activities. The Trust division provides estate planning, investment management, and retirement planning as well as consulting on management compensation, strategic planning and management succession issues. State tax credits are part of a fee initiative designed to augment the Company’s wealth management segment and banking lines of business.

The Corporate segment’s principal activities include the direct ownership of the Company’s banking subsidiary and the issuance of debt and equity. Its principal source of liquidity is dividends from its subsidiaries and stock option exercises.

The financial information for each business segment reflects that information which is specifically identifiable or which is allocated based on an internal allocation method. There were no material intersegment revenues among the three segments. Management periodically makes changes to methods of assigning costs and income to its business segments to better reflect operating results. When appropriate, these changes are reflected in prior year information presented below.

Following are the financial results for the Company’s operating segments.

(in thousands)	Banking		Wealth Management			Corporate and Intercompany			Total
Balance Sheet Information	June 30, 2011
Portfolio loans	$	2,006,481	$	—		$	—		$	2,006,481
Goodwill	3,879		—			—			3,879
Intangibles, net	1,791		—			—			1,791
Deposits	2,438,931		—			(27,654		)	2,411,277
Borrowings	139,695		52,579			82,581			274,855
Total assets	2,867,726		57,414			10,292			2,935,432
	December 31, 2010
	Banking		Wealth Management			Corporate and Intercompany			Total
Portfolio loans	$	1,893,062	$	—		$	—		$	1,893,062
Goodwill	2,064		—			—			2,064
Intangibles, net	1,223		—			—			1,223
Deposits	2,313,117		—			(15,396		)	2,297,721
Borrowings	172,431		56,702			82,581			311,714
Total assets	2,729,930		61,770			14,140			2,805,840
Income Statement Information	Three months ended June 30, 2011
Net interest income (expense)	$	33,820	$	(316	)	$	(1,031	)	$	32,473
Provision for loan losses	4,575		—			—			4,575
Noninterest income	2,447		2,644			35			5,126
Noninterest expense	15,285		1,972			767			18,024
Income (loss) before income tax expense (benefit)	16,407		356			(1,763		)	15,000
Income tax expense (benefit)	5,604		119			(605		)	5,118
Net income (loss)	$	10,803	$	237		$	(1,158	)	$	9,882
	Three months ended June 30, 2010
Net interest income (expense)	$	20,089	$	(346	)	$	(1,141	)	$	18,602
Provision for loan losses	8,960		—			—			8,960
Noninterest income	2,875		2,153			13			5,041
Noninterest expense	11,535		1,684			927			14,146
Income (loss) before income tax expense (benefit)	2,469		123			(2,055		)	537
Income tax expense (benefit)	915		45			(1,160		)	(200		)
Net income (loss)	$	1,554	$	78		$	(895	)	$	737
Income Statement Information	Six months ended June 30, 2011
Net interest income (expense)	$	61,906	$	(638	)	$	(2,057	)	$	59,211
Provision for loan losses	8,175		—			—			8,175
Noninterest income	5,524		4,482			83			10,089
Noninterest expense	29,765		3,818			1,906			35,489
Income (loss) before income tax expense (benefit)	29,490		26			(3,880		)	25,636
Income tax expense (benefit)	9,979		9			(1,313		)	8,675
Net income (loss)	$	19,511	$	17		$	(2,567	)	$	16,961
	Six months ended June 30, 2010
Net interest income (expense)	$	40,141	$	(644	)	$	(2,272	)	$	37,225
Provision for loan losses	22,760		—			—			22,760
Noninterest income	5,083		3,968			46			9,097
Noninterest expense	22,403		3,354			2,044			27,801
Income (loss) before income tax expense (benefit)	61		(30		)	(4,270		)	(4,239		)
Income tax expense (benefit)	25		(11		)	(1,976		)	(1,962		)
Net income (loss)	$	36	$	(19	)	$	(2,294	)	$	(2,277	)