SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2017

SEGMENT INFORMATION

SEGMENT INFORMATION

Note 20 – 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 three and six months ended June 30, 2017 and 2016 were as follows (in thousands):

			Commercial FHA
			Origination and
	Banking		Servicing		Other		Total
Three Months Ended June 30, 2017
Net interest income (expense)	$	30,602	$	128	$	(1,330)	$	29,400
Provision for loan losses		458		—		—		458
Noninterest income		6,833		4,347		2,439		13,619
Noninterest expense		31,879		3,646		2,120		37,645
Income (loss) before income taxes (benefit)		5,098		829		(1,011)		4,916
Income taxes (benefit)		1,532		362		(517)		1,377
Net income (loss)	$	3,566	$	467	$	(494)	$	3,539
Total assets	$	4,500,790	$	92,643	$	(101,791)	$	4,491,642
Three Months Ended June 30, 2016
Net interest income (expense)	$	29,153	$	349	$	(1,513)	$	27,989
Provision for loan losses		629		—		—		629
Noninterest income		6,173		8,888		(1,045)		14,016
Noninterest expense		24,692		4,020		2,192		30,904
Income (loss) before income taxes (benefit)		10,005		5,217		(4,750)		10,472
Income taxes (benefit)		2,308		2,087		(712)		3,683
Net income (loss)	$	7,697	$	3,130	$	(4,038)	$	6,789
Total assets	$	3,022,482	$	145,885	$	(146,583)	$	3,021,784

			Commercial FHA
			Origination and
	Banking		Servicing		Other		Total
Six Months Ended June 30, 2017
Net interest income (expense)	$	58,982	$	404	$	(2,525)	$	56,861
Provision for loan losses		1,991		—		—		1,991
Noninterest income		15,768		11,223		2,970		29,961
Noninterest expense		56,789		7,729		3,924		68,442
Income (loss) before income taxes (benefit)		15,970		3,898		(3,479)		16,389
Income taxes (benefit)		3,874		1,559		(1,073)		4,360
Net income (loss)	$	12,096	$	2,339	$	(2,406)	$	12,029
Total assets	$	4,500,790	$	92,643	$	(101,791)	$	4,491,642
Six Months Ended June 30, 2016
Net interest income (expense)	$	54,545	$	497	$	(3,013)	$	52,029
Provision for loan losses		1,754		—		—		1,754
Noninterest income		11,633		15,655		(653)		26,635
Noninterest expense		46,144		8,692		3,706		58,542
Income (loss) before income taxes (benefit)		18,280		7,460		(7,372)		18,368
Income taxes (benefit)		4,775		2,984		(1,299)		6,460
Net income (loss)	$	13,505	$	4,476	$	(6,073)	$	11,908
Total assets	$	3,022,482	$	145,885	$	(146,583)	$	3,021,784