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Segment information (Tables)
3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Information about Company's Segments

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

 

 

Three Months Ended March 31

 

 

 

2021

 

 

2020

 

 

 

Total

Revenues(a)

 

 

Inter-

segment

Revenues

 

 

Net

Income

(Loss)

 

 

Total

Revenues(a)

 

 

Inter-

segment

Revenues

 

 

Net

Income

(Loss)

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Banking

 

$

155,903

 

 

 

669

 

 

 

46,271

 

 

$

137,833

 

 

 

885

 

 

 

32,926

 

Commercial Banking

 

 

285,912

 

 

 

809

 

 

 

122,638

 

 

 

291,776

 

 

 

1,053

 

 

 

143,732

 

Commercial Real Estate

 

 

200,843

 

 

 

222

 

 

 

71,272

 

 

 

223,305

 

 

 

409

 

 

 

117,408

 

Discretionary Portfolio

 

 

134,544

 

 

 

(10,027

)

 

 

90,546

 

 

 

49,219

 

 

 

(13,037

)

 

 

25,668

 

Residential Mortgage Banking

 

 

153,760

 

 

 

22,183

 

 

 

49,611

 

 

 

125,561

 

 

 

21,417

 

 

 

24,616

 

Retail Banking

 

 

346,917

 

 

 

272

 

 

 

85,358

 

 

 

402,683

 

 

 

267

 

 

 

110,246

 

All Other

 

 

209,114

 

 

 

(14,128

)

 

 

(18,447

)

 

 

275,788

 

 

 

(10,994

)

 

 

(185,774

)

Total

 

$

1,486,993

 

 

 

 

 

 

447,249

 

 

$

1,506,165

 

 

 

 

 

 

268,822

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Total Assets

 

 

 

Three Months Ended March 31

 

 

Year Ended

December 31

 

 

 

2021

 

 

2020

 

 

2020

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Banking

 

$

8,622

 

 

 

6,006

 

 

 

8,152

 

Commercial Banking

 

 

30,395

 

 

 

29,172

 

 

 

30,338

 

Commercial Real Estate

 

 

26,097

 

 

 

24,849

 

 

 

25,792

 

Discretionary Portfolio

 

 

23,650

 

 

 

27,143

 

 

 

27,726

 

Residential Mortgage Banking

 

 

6,506

 

 

 

3,218

 

 

 

4,038

 

Retail Banking

 

 

17,216

 

 

 

16,002

 

 

 

16,438

 

All Other

 

 

35,671

 

 

 

14,195

 

 

 

22,996

 

Total

 

$

148,157

 

 

 

120,585

 

 

 

135,480

 

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 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 $3,733,000 and $5,063,000 for the three-month periods ended March 31, 2021 and 2020, 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.