Business Segments

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Business Segments

15. BUSINESS SEGMENTS    

The Corporation operates in four reportable segments: Community Banking, Wealth Management, Insurance and Consumer Finance.

• The Community Banking segment provides commercial and consumer banking services. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, international banking, business credit, capital markets and lease financing. Consumer banking products and services include deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services.

• The Wealth Management segment provides a broad range of personal and corporate fiduciary services including the administration of decedent and trust estates. In addition, it offers various alternative products, including securities brokerage and investment advisory services, mutual funds and annuities.

• The Insurance segment includes a full-service insurance agency offering all lines of commercial and personal insurance through major carriers. The Insurance segment also includes a reinsurer.

• The Consumer Finance segment primarily makes installment loans to individuals and purchases installment sales finance contracts from retail merchants. The Consumer Finance segment activity is funded through the sale of the Corporation’s subordinated notes at the finance company’s branch offices.

The following tables provide financial information for these segments of the Corporation. The information provided under the caption “Parent and Other” represents operations not considered to be reportable segments and/or general operating expenses of the Corporation, and includes the parent company, other non-bank subsidiaries and eliminations and adjustments which are necessary for purposes of reconciliation to the consolidated financial statements.

(in thousands)	Community Banking		Wealth Management		Insurance			Consumer Finance		Parent and Other			Consolidated
At or for the Three Months Ended June 30, 2016
Interest income	$	158,900	$	—	$	21		$	10,126	$	1,884		$	170,931
Interest expense		13,768		—		—			930		1,864			16,562
Net interest income		145,132		—		21			9,196		20			154,369
Provision for credit losses		14,398		—		—			1,472		770			16,640
Non-interest income		39,514		9,183		3,268			754		(1,308	)		51,411
Non-interest expense		109,786		6,960		3,276			5,372		847			126,241
Intangible amortization		3,180		64		144			—		—			3,388
Income tax expense (benefit)		17,284		782		(41	)		1,208		(1,022	)		18,211
Net income (loss)		39,998		1,377		(90	)		1,898		(1,883	)		41,300
Total assets		21,027,436		20,044		22,732			196,603		(51,848	)		21,214,967
Total intangibles		1,080,385		10,318		12,479			1,809		—			1,104,991
At or for the Three Months Ended June 30, 2015
Interest income	$	123,967	$	—	$	22		$	9,778	$	1,681		$	135,448
Interest expense		10,166		—		—			855		660			11,681
Net interest income		113,801		—		22			8,923		1,021			123,767
Provision for credit losses		6,945		—		—			1,964		(45	)		8,864
Non-interest income		28,313		9,199		2,753			732		(1,245	)		39,752
Non-interest expense		78,339		6,931		3,581			4,994		655			94,500
Intangible amortization		1,830		68		101			—		—			1,999
Income tax expense (benefit)		17,009		789		(312	)		1,038		(499	)		18,025
Net income (loss)		37,991		1,411		(595	)		1,659		(335	)		40,131
Total assets		16,412,240		21,255		22,523			186,134		(43,551	)		16,598,601
Total intangibles		851,250		10,584		12,747			1,809		—			876,390

(in thousands)	Community Banking		Wealth Management		Insurance			Consumer Finance		Parent and Other			Consolidated
At or for the Six Months Ended June 30, 2016
Interest income	$	302,878	$	—	$	43		$	19,911	$	3,853		$	326,685
Interest expense		26,362		—		—			1,871		3,729			31,962
Net interest income		276,516		—		43			18,040		124			294,723
Provision for credit losses		24,315		—		—			2,998		1,095			28,408
Non-interest income		70,747		17,999		7,462			1,470		(223	)		97,455
Non-interest expense		227,834		14,049		6,577			10,576		1,204			260,240
Intangible amortization		5,621		129		287			—		—			6,037
Income tax expense (benefit)		27,401		1,387		234			2,320		(1,281	)		30,061
Net income (loss)		62,092		2,434		407			3,616		(1,117	)		67,432
Total assets		21,027,436		20,044		22,732			196,603		(51,848	)		21,214,967
Total intangibles		1,080,385		10,318		12,479			1,809		—			1,104,991
At or for the Six Months Ended June 30, 2015
Interest income	$	246,085	$	—	$	45		$	19,371	$	3,316		$	268,817
Interest expense		20,107		—		—			1,715		1,307			23,129
Net interest income		225,978		—		45			17,656		2,009			245,688
Provision for credit losses		13,272		—		—			3,538		190			17,000
Non-interest income		55,614		17,586		6,346			1,408		(3,020	)		77,934
Non-interest expense		155,418		13,424		7,751			9,802		645			187,040
Intangible amortization		3,777		136		201			—		—			4,114
Income tax expense (benefit)		32,940		1,447		(538	)		2,187		(1,042	)		34,994
Net income (loss)		76,185		2,579		(1,023	)		3,537		(804	)		80,474
Total assets		16,412,240		21,255		22,523			186,134		(43,551	)		16,598,601
Total intangibles		851,250		10,584		12,747			1,809		—			876,390