Lines of Business

9 Months Ended

Sep. 30, 2011

Lines of Business [Abstract]

Lines of Business

Note 11. Lines of Business

Citizens is managed along the following business lines: Regional Banking, Specialty Consumer, Specialty Commercial, Wealth Management, and Other. Selected line of business information for the three and nine months ended September 30, 2011 and 2010 is provided below. Certain amounts have been reclassified to conform with the current year presentation. These reclassifications do not have a significant effect on any one line of business and do not change the total for the Corporation. There are no significant intersegmental revenues. For additional information about the business lines, see Note 15 to the Consolidated Financial Statements of the Corporation’s 2010 Annual Report on Form 10-K.

	Regional			Specialty			Specialty			Wealth
(in thousands)	Banking			Consumer			Commercial			Mgmt		Other			Total
Earnings Summary — Three Months Ended September 30, 2011
Net interest income (taxable equivalent)	$	53,340		$	9,963		$	12,916		$	125	$	4,323		$	80,667
Provision for loan losses		5,292			15,267			(3,078	)		—		—			17,481
Net interest income (loss) after provision		48,048			(5,304	)		15,994			125		4,323			63,186
Noninterest income		18,662			59			2,262			3,620		(176	)		24,427
Noninterest expense		53,279			4,010			3,329			2,567		2,226			65,411
Income (loss) from continuing operations before income taxes		13,431			(9,255	)		14,927			1,178		1,921			22,202
Income tax provision (benefit) (taxable equivalent)		4,701			(3,240	)		5,224			413		(17,840	)		(10,742	)
Net income (loss)	$	8,730		$	(6,015	)	$	9,703		$	765	$	19,761		$	32,944
Average assets (in millions)	$	3,196		$	1,650		$	1,041		$	18	$	3,691		$	9,596
Earnings Summary — Three Months Ended September 30, 2010
Net interest income (taxable equivalent)	$	63,829		$	8,871		$	15,653		$	162	$	(4,585	)	$	83,930
Provision for loan losses		38,440			28,397			22,780			—		—			89,617
Net interest income (loss) after provision		25,389			(19,526	)		(7,127	)		162		(4,585	)		(5,687	)
Noninterest income		18,362			(563	)		387			3,838		3,932			25,956
Noninterest expense		51,854			3,980			3,891			2,935		12,080			74,740
(Loss) income from continuing operations before income taxes		(8,103	)		(24,069	)		(10,631	)		1,065		(12,733	)		(54,471	)
Income tax (benefit) provision (taxable equivalent)		(2,837	)		(8,424	)		(3,721	)		373		22,609			8,000
Net (loss) income	$	(5,266	)	$	(15,645	)	$	(6,910	)	$	692	$	(35,342	)	$	(62,471	)
Average assets (in millions)	$	3,987		$	1,772		$	1,516		$	15	$	3,513		$	10,803

	Regional			Specialty			Specialty			Wealth
(in thousands)	Banking			Consumer			Commercial			Mgmt		Other			Total
Earnings Summary — Nine Months Ended September 30, 2011
Net interest income (taxable equivalent)	$	162,701		$	28,131		$	34,247		$	423	$	15,371		$	240,873
Provision for loan losses		56,711			26,534			40,556			—		—			123,801
Net interest income (loss) after provision		105,990			1,597			(6,309	)		423		15,371			117,072
Noninterest income		53,207			1,716			3,181			11,355		1,436			70,895
Noninterest expense		164,155			13,992			12,099			7,226		19,039			216,511
(Loss) income from continuing operations before income taxes		(4,958	)		(10,679	)		(15,227	)		4,552		(2,232	)		(28,544	)
Income tax (benefit) provision (taxable equivalent)		(1,736	)		(3,736	)		(5,330	)		1,593		(7,758	)		(16,967	)
Net (loss) income	$	(3,222	)	$	(6,943	)	$	(9,897	)	$	2,959	$	5,526		$	(11,577	)
Average assets (in millions)	$	3,324		$	1,645		$	1,055		$	18	$	3,677		$	9,719
Earnings Summary — Nine Months Ended September 30, 2010
Net interest income (taxable equivalent)	$	192,922		$	26,250		$	48,446		$	461	$	(12,411	)	$	255,668
Provision for loan losses		79,614			76,339			105,633			—		—			261,586
Net interest income (loss) after provision		113,308			(50,089	)		(57,187	)		461		(12,411	)		(5,918	)
Noninterest income		52,043			(5,718	)		(7,669	)		11,524		20,451			70,631
Noninterest expense		156,699			14,222			12,567			9,373		36,992			229,853
Income (loss) from continuing operations before income taxes		8,652			(70,029	)		(77,423	)		2,612		(28,952	)		(165,140	)
Income tax provision (benefit) (taxable equivalent)		3,028			(24,511	)		(27,098	)		915		65,476			17,810
Net income (loss) from continuing operations		5,624			(45,518	)		(50,325	)		1,697		(94,428	)		(182,950	)
Income (loss) from discontinued operations		858			(130	)		175			95		(4,820	)		(3,822	)
Net income (loss)	$	6,482		$	(45,648	)	$	(50,150	)	$	1,792	$	(99,248	)	$	(186,772	)
Average assets (in millions)	$	4,198		$	1,839		$	1,603		$	14	$	3,666		$	11,320