Segment Reporting

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Reporting

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 Banking operating segment also includes activities surrounding the assets acquired under FDIC loss share agreements. 

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 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 Company's Corporate and Intercompany activities represent the elimination of items between segments as well as Corporate related items that management feels are not allocable to either of the two respective segments.

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 two 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
	Three months ended March 31,
Income Statement Information	2013
Net interest income (expense)	$	37,857	$	7		$	(965	)	$	36,899
Provision for loan losses	4,109		—			—			4,109
Noninterest income	45		2,794			75			2,914
Noninterest expense	16,768		2,056			1,693			20,517
Income (loss) before income tax expense (benefit)	17,025		745			(2,583		)	15,187
	2012
Net interest income (expense)	$	31,811	$	(128	)	$	(1,054	)	$	30,629
Provision for loan losses	4,003		—			—			4,003
Noninterest income	1,892		2,053			38			3,983
Noninterest expense	18,059		1,873			1,432			21,364
Income (loss) before income tax expense (benefit)	11,641		52			(2,448		)	9,245
Balance Sheet Information	March 31, 2013					December 31, 2012
Total assets:
Banking	$	3,005,483				$	3,195,096
Wealth Management	102,194					112,020
Corporate and Intercompany	16,251					18,670
Total	3,123,928					3,325,786