SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2016

SEGMENT INFORMATION

SEGMENT INFORMATION

Note 24 – Segment Information

Our business segments are defined as Banking, Commercial FHA Origination and Servicing, and Other. The reportable business segments are consistent with the internal reporting and evaluation of the principle lines of business of the Company. The banking segment provides a wide range of financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products; commercial equipment leasing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services; and corporate treasury management services. The commercial FHA origination and servicing segment provides for the origination and servicing of government sponsored mortgages for multifamily and healthcare facilities. The other segment includes the operating results of the parent company, our wealth management business unit, our captive insurance business unit, and the elimination of intercompany transactions. Wealth management activities consist of trust and fiduciary services, brokerage and retirement planning services. 

Selected business segment financial information as of and for the years ended December 31, 2016, 2015 and 2014 were as follows (in thousands):

			Commercial FHA
			Origination and
	Banking		Servicing		Other		Total
December 31, 2016
Net interest income (expense)	$	109,950	$	1,003	$	(5,699)	$	105,254
Provision for loan losses		5,591		—		—		5,591
Noninterest income		47,646		22,979		1,432		72,057
Noninterest expense		100,062		15,104		6,132		121,298
Income (loss) before income taxes (benefit)		51,943		8,878		(10,399)		50,422
Income taxes (benefit)		17,129		3,332		(1,572)		18,889
Net income (loss)	$	34,814	$	5,546	$	(8,827)	$	31,533
Total assets	$	3,225,765	$	129,943	$	(121,985)	$	3,233,723
December 31, 2015
Net interest income (expense)	$	107,825	$	1,762	$	(4,680)	$	104,907
Provision for loan losses		11,127		—		—		11,127
Noninterest income		34,751		20,148		4,583		59,482
Noninterest expense		95,712		16,232		5,820		117,764
Income (loss) before income taxes (benefit)		35,737		5,678		(5,917)		35,498
Income taxes (benefit)		10,626		2,271		(1,806)		11,091
Net income (loss)	$	25,111	$	3,407	$	(4,111)	$	24,407
Total assets	$	2,886,539	$	89,242	$	(90,957)	$	2,884,824
December 31, 2014
Net interest income (expense)	$	66,449	$	—	$	(1,851)	$	64,598
Provision for loan losses		92		—		—		92
Noninterest income		13,343		—		7,098		20,441
Noninterest expense		63,351		—		6,129		69,480
Income (loss) before income taxes (benefit)		16,349		—		(882)		15,467
Income taxes (benefit)		5,181		—		(530)		4,651
Net income (loss)	$	11,168	$	—	$	(352)	$	10,816
Total assets	$	2,710,476	$	119,649	$	(153,511)	$	2,676,614