9. Segments

The Company segregates financial information for use in assessing its performance and allocating resources among three operating segments: Consumer, Commercial and Wealth. The Consumer segment includes the consumer portion of the retail branch network (loans, deposits, and other personal banking services), indirect and other consumer financing, consumer debit and credit bank cards, and student lending. The Commercial segment provides corporate lending (including the Small Business Banking product line within the branch network), leasing, international services, and business, government deposit, and related commercial cash management services, as well as Merchant and Commercial bank card products. The Wealth segment provides traditional trust and estate tax planning, advisory and discretionary investment management, as well as discount brokerage services, and the Private Banking product portfolio. The Capital Markets Group, which sells fixed income securities and provides investment safekeeping and bond accounting services, was transferred from the Wealth segment to the Commercial segment effective January 1, 2011. The information for 2010 in the table below has been revised to reflect this transfer.

The following table presents selected financial information by segment and reconciliations of combined segment totals to consolidated totals. There were no material intersegment revenues among the three segments.


										Segment			Other/			Consolidated
(In thousands)	Consumer			Commercial			Wealth			Totals			Elimination			Totals

Three Months Ended June 30, 2011:
Net interest income	$	72,086		$	69,520		$	9,688		$	151,294		$	13,416		$	164,710
Provision for loan losses		(11,694	)		(3,378	)		—			(15,072	)		2,884			(12,188	)
Non-interest income		34,813			40,309			26,229			101,351			(7	)		101,344
Investment securities gains, net		—			—			—			—			1,956			1,956
Non-interest expense		(68,559	)		(53,479	)		(23,099	)		(145,137	)		(8,376	)		(153,513	)

Income before income taxes	$	26,646		$	52,972		$	12,818		$	92,436		$	9,873		$	102,309

Six Months Ended June 30, 2011:
Net interest income	$	143,608		$	137,679		$	19,237		$	300,524		$	25,159		$	325,683
Provision for loan losses		(25,331	)		(8,497	)		(28	)		(33,856	)		5,879			(27,977	)
Non-interest income		66,807			79,455			51,415			197,677			(427	)		197,250
Investment securities gains, net		—			—			—			—			3,283			3,283
Non-interest expense		(138,386	)		(109,193	)		(45,314	)		(292,893	)		(14,580	)		(307,473	)

Income before income taxes	$	46,698		$	99,444		$	25,310		$	171,452		$	19,314		$	190,766

Three Months Ended June 30, 2010:
Net interest income	$	80,444		$	64,537		$	9,799		$	154,780		$	8,328		$	163,108
Provision for loan losses		(17,713	)		(4,193	)		(163	)		(22,069	)		(118	)		(22,187	)
Non-interest income		39,517			39,044			23,493			102,054			(596	)		101,458
Investment securities gains, net		—			—			—			—			660			660
Non-interest expense		(73,908	)		(55,379	)		(21,466	)		(150,753	)		(5,040	)		(155,793	)

Income before income taxes	$	28,340		$	44,009		$	11,663		$	84,012		$	3,234		$	87,246

Six Months Ended June 30, 2010:
Net interest income	$	161,477		$	127,671		$	18,812		$	307,960		$	17,858		$	325,818
Provision for loan losses		(36,991	)		(16,121	)		(221	)		(53,333	)		(3,176	)		(56,509	)
Non-interest income		73,897			74,351			45,722			193,970			677			194,647
Investment securities losses, net		—			—			—			—			(3,005	)		(3,005	)
Non-interest expense		(147,737	)		(109,415	)		(43,277	)		(300,429	)		(11,088	)		(311,517	)

Income before income taxes	$	50,646		$	76,486		$	21,036		$	148,168		$	1,266		$	149,434

The information presented above was derived from the internal profitability reporting system used by management to monitor and manage the financial performance of the Company. This information is based on internal management accounting policies, which have been developed to reflect the underlying economics of the businesses. The policies address the methodologies applied in connection with funds transfer pricing and assignment of overhead costs among segments. Funds transfer pricing was used in the determination of net interest income by assigning a standard cost (credit) for funds used (provided) by assets and liabilities based on their maturity, prepayment and/or repricing characteristics.

The segment activity, as shown above, includes both direct and allocated items. Amounts in the "Other/Elimination" column include activity not related to the segments, such as that relating to administrative functions, the investment securities portfolio, and the effect of certain expense allocations to the segments. The provision for loan losses in this category contains the difference between loan charge-offs and recoveries assigned directly to the segments and the recorded provision for loan loss expense. Included in this category's net interest income are earnings of the investment portfolio, which are not allocated to a segment.

The performance measurement of the operating segments is based on the management structure of the Company and is not necessarily comparable with similar information for any other financial institution. The information is also not necessarily indicative of the segments' financial condition and results of operations if they were independent entities.