(22) SEGMENTS

The Company is a financial holding company with subsidiaries engaged in the business of banking and activities closely related to banking. The Company determines reportable segments based upon the services offered, the significance of those services to the Company’s financial condition and operating results and management’s regular review of the operating results of those services. The Company’s primary segment is Community Banking, which includes providing a full range of deposit products, commercial loans and consumer loans. The Company has also designated two additional reportable segments - Insurance Agencies and General Corporate and Other. The Company’s insurance agencies serve as agents in the sale of commercial lines of insurance and full lines of property and casualty, life, health and employee benefits products and services. The General Corporate and Other operating segment includes mortgage lending, trust services, credit card activities, investment services and other activities not allocated to the Community Banking or Insurance Agencies operating segments. While the net income of the Community Banking operating segment remained consistent in 2014 compared to 2013, the increased net income of the Community Banking operating segment in 2013 compared to 2012 was primarily related to the corresponding decrease in the provision for credit losses. The increased net income of the General Corporate and Other operating segment in 2014 was primarily related to the decrease in noninterest expenses, such as voluntary early retirement expense and write-off of bond issue cost. The decreased net income of the General Corporate and Other operating segment in 2013 was primarily related to the decrease in mortgage lending revenue, as well as the voluntary early retirement opportunity expense recorded in 2013.

Results of operations and selected financial information by operating segment for the years ended December 31, 2014, 2013 and 2012 were as follows:


	Community Banking	Insurance Agencies	General Corporate and Other	Total
2014	(In thousands)
Results of Operations
Net interest revenue	$ 381,604	$ 117	$ 34,941	$ 416,662
Provision for credit losses	(4,757)	-	4,757	-
Net interest income after provision
for credit losses	386,361	117	30,184	416,662
Noninterest revenue	100,678	115,541	52,927	269,146
Noninterest expense	336,341	97,620	84,445	518,406
Income (loss) before income taxes	150,698	18,038	(1,334)	167,402
Income tax expense (benefit)	48,072	7,255	(4,675)	50,652
Net income (loss)	$ 102,626	$ 10,783	$ 3,341	$ 116,750
Selected Financial Information
Total assets	$ 9,820,238	$ 188,920	$ 3,317,211	$ 13,326,369
Depreciation and amortization	24,061	5,257	2,397	31,715


	Community Banking	Insurance Agencies	General Corporate and Other	Total
2013	(In thousands)
Results of Operations
Net interest revenue	$ 372,629	$ 165	$ 26,155	$ 398,949
Provision for credit losses	5,824	-	1,676	7,500
Net interest income after provision
for credit losses	366,805	165	24,479	391,449
Noninterest revenue	108,507	99,103	67,456	275,066
Noninterest expense	324,513	86,557	123,779	534,849
Income (loss) before income taxes	150,799	12,711	(31,844)	131,666
Income tax expense (benefit)	47,454	5,175	(15,078)	37,551
Net income (loss)	$ 103,345	$ 7,536	$ (16,766)	$ 94,115
Selected Financial Information
Total assets	$ 9,809,428	$ 187,424	$ 3,032,881	$ 13,029,733
Depreciation and amortization	22,912	3,655	2,956	29,523


	Community Banking	Insurance Agencies	General Corporate and Other	Total
2012	(In thousands)
Results of Operations
Net interest revenue	$ 389,466	$ 270	$ 24,855	$ 414,591
Provision for credit losses	25,482	-	2,518	28,000
Net interest income after provision
for credit losses	363,984	270	22,337	386,591
Noninterest revenue	113,613	90,045	76,491	280,149
Noninterest expense	351,378	78,799	119,016	549,193
Income (loss) before income taxes	126,219	11,516	(20,188)	117,547
Income tax expense (benefit)	39,777	4,682	(11,207)	33,252
Net income	$ 86,442	$ 6,834	$ (8,981)	$ 84,295
Selected Financial Information
Total assets	$ 10,232,036	$ 173,832	$ 2,991,330	$ 13,397,198
Depreciation and amortization	23,773	3,616	3,553	30,942