Our segment information for the three and six months ended June 30, 2016 and 2015 is as follows:



(Dollars in thousands)	Global Commercial Bank (1)			SVB Private Bank			SVB Capital (1)			Other Items (2)			Total
Three months ended June 30, 2016
Net interest income (expense)	$	254,680		$	13,538		$	(52	)	$	15,170		$	283,336
(Provision for) reduction of loan losses	(36,454		)	121			—			—			(36,333		)
Noninterest income	77,310			762			11,420			23,284			112,776
Noninterest expense (3)	(147,423		)	(2,954		)	(3,684		)	(46,291		)	(200,352		)
Income (loss) before income tax expense (4)	$	148,113		$	11,467		$	7,684		$	(7,837	)	$	159,427
Total average loans, net of unearned income	$	16,026,605		$	1,986,659		$	—		$	185,995		$	18,199,259
Total average assets (5)	40,703,091			2,007,009			331,500			328,430			43,370,030
Total average deposits	36,690,002			1,115,599			—			354,358			38,159,959
Three months ended June 30, 2015
Net interest income	$	203,931		$	11,109		$	1		$	28,730		$	243,771
Provision for loan losses	(25,592		)	(921		)	—			—			(26,513		)
Noninterest income	66,031			595			19,909			39,752			126,287
Noninterest expense (3)	(145,339		)	(3,231		)	(3,704		)	(41,838		)	(194,112		)
Income before income tax expense (4)	$	99,031		$	7,552		$	16,206		$	26,644		$	149,433
Total average loans, net of unearned income	$	12,607,066		$	1,541,016		$	—		$	172,793		$	14,320,875
Total average assets (5)	37,033,535			1,536,508			330,016			542,764			39,442,823
Total average deposits	33,713,123			1,084,632			—			158,312			34,956,067
Six months ended June 30, 2016
Net interest income (expense)	$	510,858		$	27,210		$	(52	)	$	26,741		$	564,757
Provision for loan losses	(69,169		)	(505		)	—			—			(69,674		)
Noninterest income	152,069			1,389			13,873			31,579			198,910
Noninterest expense (3)	(301,629		)	(6,359		)	(7,597		)	(88,800		)	(404,385		)
Income (loss) before income tax expense (4)	$	292,129		$	21,735		$	6,224		$	(30,480	)	$	289,608
Total average loans, net of unearned income	$	15,473,170		$	1,929,239		$	—		$	203,438		$	17,605,847
Total average assets (5)	41,118,263			1,933,123			340,256			388,468			43,780,110
Total average deposits	37,263,823			1,123,167			—			327,054			38,714,044
Six months ended June 30, 2015
Net interest income	$	407,680		$	20,832		$	2		$	54,182		$	482,696
Provision for loan losses	(32,052		)	(913		)	—			—			(32,965		)
Noninterest income	129,224			992			40,587			79,008			249,811
Noninterest expense (3)	(283,787		)	(6,107		)	(7,190		)	(87,569		)	(384,653		)
Income before income tax expense (4)	$	221,065		$	14,804		$	33,399		$	45,621		$	314,889
Total average loans, net of unearned income	$	12,556,506		$	1,457,547		$	—		$	171,280		$	14,185,333
Total average assets (5)	36,311,405			1,457,570			335,690			730,791			38,835,456
Total average deposits	33,094,710			1,167,823			—			149,640			34,412,173


(1)	Global Commercial Bank’s and SVB Capital’s components of net interest income, noninterest income, noninterest expense and total average assets are shown net of noncontrolling interests for all periods presented. Noncontrolling interest is included within "Other Items".

(2)

The "Other Items" column reflects the adjustments necessary to reconcile the results of the operating segments to the consolidated financial statements prepared in conformity with GAAP. Net interest income is attributable primarily to interest earned from our fixed income investment portfolio, net of FTP. Noninterest income is attributable primarily to noncontrolling interests and gains on equity warrant assets. Noninterest expense consists primarily of expenses associated with corporate support functions such as finance, human resources, marketing, legal and other expenses.


(3)	The Global Commercial Bank segment includes direct depreciation and amortization of $6.2 million and $4.7 million for the three months ended June 30, 2016 and 2015, respectively and $11.9 million and $10.0 million for the six months ended June 30, 2016 and 2015, respectively.


(4)	The internal reporting model used by management to assess segment performance does not calculate income tax expense by segment. Our effective tax rate is a reasonable approximation of the segment rates.


(5)	Total average assets equal the greater of total average assets or the sum of total average liabilities and total average stockholders’ equity for each segment to reconcile the results to the consolidated financial statements prepared in conformity with GAAP.