Our segment information for the three and six months ended June 30, 2017 and 2016 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, 2017
Net interest income	$	311,051		$	14,742		$	16		$	16,887		$	342,696
Provision for credit losses	(14,856		)	(329		)	—			(621		)	(15,806		)
Noninterest income	83,904			536			15,019			29,069			128,528
Noninterest expense (3)	(175,963		)	(4,050		)	(6,192		)	(65,041		)	(251,246		)
Income (loss) before income tax expense (4)	$	204,136		$	10,899		$	8,843		$	(19,706	)	$	204,172
Total average loans, net of unearned income	$	17,907,635		$	2,365,464		$	—		$	235,442		$	20,508,541
Total average assets (5)	45,483,372			2,397,188			355,292			(686,488		)	47,549,364
Total average deposits	40,477,823			1,302,890			—			357,933			42,138,646
Three months ended June 30, 2016
Net interest income (expense)	$	254,680		$	13,538		$	(52	)	$	15,170		$	283,336
(Provision for) reduction of credit losses	(36,454		)	121			—			(413		)	(36,746		)
Noninterest income	77,310			762			11,420			23,284			112,776
Noninterest expense (3)	(147,960		)	(2,954		)	(3,684		)	(45,341		)	(199,939		)
Income (loss) before income tax expense (4)	$	147,576		$	11,467		$	7,684		$	(7,300	)	$	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
Six months ended June 30, 2017
Net interest income (expense)	$	586,929		$	28,352		$	16		$	37,392		$	652,689
Provision for credit losses	(43,745		)	(1,119		)	—			(1,676		)	(46,540		)
Noninterest income	163,423			1,254			31,794			49,716			246,187
Noninterest expense (3)	(348,337		)	(7,968		)	(9,664		)	(122,910		)	(488,879		)
Income (loss) before income tax expense (4)	$	358,270		$	20,519		$	22,146		$	(37,478	)	$	363,457
Total average loans, net of unearned income	$	17,778,065		$	2,305,723		$	—		$	206,353		$	20,290,141
Total average assets (5)	44,193,023			2,335,350			364,036			(460,999		)	46,431,410
Total average deposits	39,393,219			1,319,776			—			341,618			41,054,613
Six months ended June 30, 2016
Net interest income (expense)	$	510,858		$	27,210		$	(52	)	$	26,741		$	564,757
Provision for credit losses	(69,169		)	(505		)	—			(547		)	(70,221		)
Noninterest income	152,069			1,389			13,873			31,579			198,910
Noninterest expense (3)	(302,747		)	(6,359		)	(7,597		)	(87,135		)	(403,838		)
Income (loss) before income tax expense (4)	$	291,011		$	21,735		$	6,224		$	(29,362	)	$	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


(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 consists primarily of interest earned from our fixed income investment portfolio, net of FTP. Noninterest income consists primarily of gains on equity warrant assets and gains on the sale of fixed income securities. 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 $7.1 million and $6.2 million for the three months ended June 30, 2017 and 2016, respectively, and $13.2 million and $11.9 million for the six months ended June 30, 2017 and 2016, 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.