(21) 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 banking, trust services, credit card activities, investment services and other activities not allocated to the Community Banking or Insurance Agencies operating segments. Net income of the Community Banking operating segment increased in 2016 compared to 2015 and in 2015 compared to 2014. The increase in net income in 2016 compared to 2015 was due to the reduction of noninterest expenses while the increased net income of the Community Banking operating segment in 2015 compared to 2014 was primarily related to the corresponding decrease in the provision for credit losses. The net income of the General Corporate and Other operating segment remained consistent in 2016 compared to 2015 with the increase in 2015 compared to 2014 primarily related to the increase in noninterest revenue.

Results of operations and selected financial information by operating segment for the years ended December 31, 2016, 2015 and 2014 were as follows:


	Community Banking	Insurance Agencies	General Corporate and Other	Total
2016	(In thousands)
Results of Operations
Net interest revenue	$ 414,706	$ 60	$ 38,686	$ 453,452
Provision for credit losses	(641)	-	4,641	4,000
Net interest income after provision
for credit losses	415,347	60	34,045	449,452
Noninterest revenue	80,996	116,167	81,867	279,030
Noninterest expense	323,939	101,259	106,840	532,038
Income before income taxes	172,404	14,968	9,072	196,444
Income tax expense	57,289	6,031	396	63,716
Net income	$ 115,115	$ 8,937	$ 8,676	$ 132,728
Selected Financial Information
Total assets	$ 10,991,377	$ 213,070	$ 3,519,941	$ 14,724,388
Depreciation and amortization	21,446	4,281	3,537	29,264


	Community Banking	Insurance Agencies	General Corporate and Other	Total
2015	(In thousands)
Results of Operations
Net interest revenue	$ 397,204	$ 100	$ 38,378	$ 435,682
Provision for credit losses	(12,859)	-	$ (141)	(13,000)
Net interest income after provision
for credit losses	410,063	100	38,519	448,682
Noninterest revenue	82,938	116,780	78,250	277,968
Noninterest expense	332,920	101,120	105,871	539,911
Income (loss) before income taxes	160,081	15,760	10,898	186,739
Income tax expense (benefit)	51,186	6,363	1,699	59,248
Net income	$ 108,895	$ 9,397	$ 9,199	$ 127,491
Selected Financial Information
Total assets	$ 10,127,861	$ 199,668	$ 3,471,133	$ 13,798,662
Depreciation and amortization	21,874	4,736	3,641	30,251


	Community Banking	Insurance Agencies	General Corporate and Other	Total
2014	(In thousands)
Results of Operations
Net interest revenue	$ 381,467	$ 117	$ 35,078	$ 416,662
Provision for credit losses	(4,757)	-	4,757	-
Net interest income after provision
for credit losses	386,224	117	30,321	416,662
Noninterest revenue	95,752	115,541	57,853	269,146
Noninterest expense	329,893	97,620	90,893	518,406
Income (loss) before income taxes	152,083	18,038	(2,719)	167,402
Income tax expense (benefit)	47,482	7,255	(4,085)	50,652
Net income (loss)	$ 104,601	$ 10,783	$ 1,366	$ 116,750
Selected Financial Information
Total assets	$ 9,814,879	$ 188,920	$ 3,322,570	$ 13,326,369
Depreciation and amortization	22,603	5,257	3,855	31,715