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Segment information (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Information about Company's Segments

Information about the Company's segments is presented in the following table:

 

 

 

Three months ended September 30

 

 

 

2016

 

 

2015

 

 

 

Total

revenues(a)

 

 

Inter-

segment

revenues

 

 

Net

income

(loss)

 

 

Total

revenues(a)

 

 

Inter-

segment

revenues

 

 

Net

income

(loss)

 

 

 

(in thousands)

 

Business Banking

 

$

116,513

 

 

 

1,086

 

 

 

21,422

 

 

$

112,650

 

 

 

1,167

 

 

 

23,995

 

Commercial Banking

 

 

268,683

 

 

 

950

 

 

 

102,796

 

 

 

270,554

 

 

 

1,097

 

 

 

108,422

 

Commercial Real Estate

 

 

205,562

 

 

 

463

 

 

 

90,065

 

 

 

181,478

 

 

 

469

 

 

 

85,312

 

Discretionary Portfolio

 

 

114,391

 

 

 

(14,795

)

 

 

50,773

 

 

 

13,773

 

 

 

(5,365

)

 

 

5,113

 

Residential Mortgage Banking

 

 

108,576

 

 

 

22,051

 

 

 

22,924

 

 

 

99,518

 

 

 

12,918

 

 

 

21,150

 

Retail Banking

 

 

353,016

 

 

 

3,052

 

 

 

69,506

 

 

 

308,520

 

 

 

3,292

 

 

 

64,721

 

All Other

 

 

182,949

 

 

 

(12,807

)

 

 

(7,502

)

 

 

146,033

 

 

 

(13,578

)

 

 

(28,312

)

Total

 

$

1,349,690

 

 

 

 

 

 

349,984

 

 

$

1,132,526

 

 

 

 

 

 

280,401

 

 

 

 

Nine months ended September 30

 

 

 

2016

 

 

2015

 

 

 

Total

revenues(a)

 

 

Inter-

segment

revenues

 

 

Net

income

(loss)

 

 

Total

revenues(a)

 

 

Inter- segment revenues

 

 

Net

income

(loss)

 

 

 

(in thousands)

 

Business Banking

 

$

344,562

 

 

 

3,274

 

 

 

69,617

 

 

$

332,341

 

 

 

3,334

 

 

 

74,160

 

Commercial Banking

 

 

787,781

 

 

 

2,917

 

 

 

309,515

 

 

 

774,392

 

 

 

3,281

 

 

 

312,926

 

Commercial Real Estate

 

 

575,117

 

 

 

1,299

 

 

 

254,682

 

 

 

535,909

 

 

 

978

 

 

 

250,501

 

Discretionary Portfolio

 

 

324,195

 

 

 

(43,726

)

 

 

151,522

 

 

 

49,724

 

 

 

(16,184

)

 

 

21,823

 

Residential Mortgage Banking

 

 

309,393

 

 

 

62,955

 

 

 

59,981

 

 

 

310,843

 

 

 

36,741

 

 

 

75,462

 

Retail Banking

 

 

1,037,727

 

 

 

9,198

 

 

 

204,291

 

 

 

914,484

 

 

 

9,688

 

 

 

202,415

 

All Other

 

 

575,885

 

 

 

(35,917

)

 

 

(65,065

)

 

 

494,779

 

 

 

(37,838

)

 

 

(128,585

)

Total

 

$

3,954,660

 

 

 

 

 

 

984,543

 

 

$

3,412,472

 

 

 

 

 

 

808,702

 

 

 

 

Average total assets

 

 

 

Nine months ended September 30

 

 

Year ended

December 31

 

 

 

2016

 

 

2015

 

 

2015

 

 

 

(in millions)

 

Business Banking

 

$

5,442

 

 

 

5,321

 

 

 

5,339

 

Commercial Banking

 

 

25,363

 

 

 

24,041

 

 

 

24,143

 

Commercial Real Estate

 

 

20,571

 

 

 

18,632

 

 

 

18,827

 

Discretionary Portfolio

 

 

41,253

 

 

 

23,153

 

 

 

26,648

 

Residential Mortgage Banking

 

 

2,578

 

 

 

3,007

 

 

 

2,918

 

Retail Banking

 

 

11,739

 

 

 

10,912

 

 

 

11,035

 

All Other

 

 

16,951

 

 

 

12,279

 

 

 

12,870

 

Total

 

$

123,897

 

 

 

97,345

 

 

 

101,780

 

 

(a)

Total revenues are comprised of net interest income and other income.  Net interest income is the difference between taxable-equivalent interest earned on assets and interest paid on liabilities owed by a segment and a funding charge (credit) based on the Company's internal funds transfer pricing and allocation methodology.  Segments are charged a cost to fund any assets (e.g. loans) and are paid a funding credit for any funds provided (e.g. deposits).  The taxable-equivalent adjustment aggregated $6,725,000 and $6,248,000 for the three-month periods ended September 30, 2016 and 2015, respectively, and $19,579,000 and $18,106,000 for the nine-month periods ended September 30, 2016 and 2015, respectively, and is eliminated in "All Other" total revenues.  Intersegment revenues are included in total revenues of the reportable segments.  The elimination of intersegment revenues is included in the determination of "All Other" total revenues.