SEGMENT REPORTING

3 Months Ended

Mar. 31, 2016

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

NOTE 11 - SEGMENT REPORTING

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. 

Results of operations and selected financial information by operating segment for the three-month periods ended March 31, 2016 and 2015 were as follows:

				General
		Community	Insurance	Corporate
		Banking	Agencies	and Other	Total
	(In thousands)
Three months ended March 31, 2016:
Results of Operations
Net interest revenue		$            101,461	$                 19	$               9,679	$            111,159
Provision for credit losses		1,119	-	(119)	1,000
Net interest revenue after provision for credit losses		100,342	19	9,798	110,159
Noninterest revenue		20,309	33,364	11,842	65,515
Noninterest expense		89,041	25,482	27,777	142,300
Income (loss) before income taxes		31,610	7,901	(6,137)	33,374
Income tax expense (benefit)		10,802	3,140	(3,117)	10,825
Net income (loss)		$              20,808	$            4,761	$             (3,020)	$              22,549
Selected Financial Information
Total assets at end of period		$       10,136,464	$        210,535	$        3,579,399	$       13,926,398
Depreciation and amortization		5,261	1,060	$                  866	7,187
Three months ended March 31, 2015:
Results of Operations
Net interest revenue		$              96,838	$                 32	$               9,203	$            106,073
Provision for credit losses		(3,967)	-	(1,033)	(5,000)
Net interest revenue after provision for credit losses		100,805	32	10,236	111,073
Noninterest revenue		20,393	33,198	19,724	73,315
Noninterest expense		84,462	25,316	27,155	136,933
Income before income taxes		36,736	7,914	2,805	47,455
Income tax expense		11,607	3,146	436	15,189
Net income		$              25,129	$            4,768	$               2,369	$              32,266
Selected Financial Information
Total assets at end of period		$         9,926,741	$        209,434	$        3,494,147	$       13,630,322
Depreciation and amortization		5,564	1,265	924	7,753

The change in income for the General Corporate and Other division for the three months ended March 31, 2016 compared to the same periods in 2015 is mainly due to a change in mortgage lending revenue.