Note 10: Segment Information

Our business segments are defined as Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The reportable business segments are consistent with the internal reporting and evaluation of the principal lines of business of the Company. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities. The Mortgage Warehousing segment funds agency eligible residential loans from the date of origination or purchase, until the date of sale in the secondary market, as well as commercial loans to non-depository financial institutions. The Banking segment provides a wide range of financial products and services to consumers and businesses, including retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and Small Business Administration (“SBA”) lending. Other includes general and administrative expenses that provide services to all segments, internal funds transfer pricing offsets resulting from allocations to/from the other segments, and certain elimination entries and investments in qualified affordable housing limited partnerships. All operations are domestic.

The tables below present selected business segment financial information for the three months ended March 31, 2020 and 2019.


	Multi-family
	Mortgage		Mortgage
	Banking		Warehousing		Banking		Other		Total
	(In thousands)
Three Months Ended March 31, 2020
Interest income	$	420	$	30,099	$	29,230	$	668	$	60,417
Interest expense		—		12,085		11,807		(1,828)		22,064
Net interest income		420		18,014		17,423		2,496		38,353
Provision for loan losses		—		1,180		1,818		—		2,998
Net interest income after provision for loan losses		420		16,834		15,605		2,496		35,355
Noninterest income		17,364		2,776		683		(921)		19,902
Noninterest expense		10,348		3,019		5,688		3,238		22,293
Income before income taxes		7,436		16,591		10,600		(1,663)		32,964
Income taxes		2,037		4,154		2,650		(460)		8,381
Net income (loss)	$	5,399	$	12,437	$	7,950	$	(1,203)	$	24,583
Total assets	$	180,772	$	4,362,423	$	3,323,750	$	41,453	$	7,908,398


	Multi-family
	Mortgage		Mortgage
	Banking		Warehousing		Banking		Other		Total
	(In thousands)
Three Months Ended March 31, 2019
Interest income	$	331	$	14,380	$	24,492	$	471	$	39,674
Interest expense		—		7,529		8,982		(968)		15,543
Net interest income		331		6,851		15,510		1,439		24,131
Provision for loan losses		—		133		516		—		649
Net interest income after provision for loan losses		331		6,718		14,994		1,439		23,482
Noninterest income		2,691		753		883		(663)		3,664
Noninterest expense		3,977		2,336		4,120		2,602		13,035
Income before income taxes		(955)		5,135		11,757		(1,826)		14,111
Income taxes		(243)		1,303		2,988		(507)		3,541
Net income (loss)	$	(712)	$	3,832	$	8,769	$	(1,319)	$	10,570
Total assets	$	160,609	$	1,554,233	$	2,223,890		37,993	$	3,976,725