Segment Reporting

6 Months Ended

Jun. 30, 2011

Segment Reporting [Abstract]

Segment Reporting

NOTE 15: Segment Reporting

Selected financial and descriptive information is required to be provided about reportable operating segments, considering a “management approach” concept as the basis for identifying reportable segments. The management approach is based on the way that management organizes the segments within the enterprise for making operating decisions, allocating resources, and assessing performance. Consequently, the segments are evident from the structure of the enterprise’s internal organization, focusing on financial information that an enterprise’s chief operating decision-makers use to make decisions about the enterprise’s operating matters.

The Corporation’s primary segment is banking, conducted through its bank and lending subsidiaries. For purposes of segment disclosure, as allowed by the governing accounting statement, these entities have been combined as one segment that have similar economic characteristics and the nature of their products, services, processes, customers, delivery channels, and regulatory environment are similar. Banking consists of lending and deposit gathering (as well as other banking-related products and services) to businesses, governmental units, and consumers (including mortgages, home equity lending, and card products) and the support to deliver, fund, and manage such banking services.

The wealth management segment provides products and a variety of fiduciary, investment management, advisory, and Corporate agency services to assist customers in building, investing, or protecting their wealth, including insurance, brokerage, and trust/asset management. The other segment includes intersegment eliminations and residual revenues and expenses, representing the difference between actual amounts incurred and the amounts allocated to operating segments.

Selected segment information is presented below.

				Wealth
	Banking			Management			Other			Consolidated Total
	($ in Thousands)
As of and for the six months ended June 30, 2011
Net interest income	$	307,599		$	247		$	—		$	307,846
Provision for loan losses		47,000			—			—			47,000
Noninterest income		100,211			53,084			(4,721	)		148,574
Depreciation and amortization		29,326			585			—			29,911
Other noninterest expense		263,058			46,451			(4,721	)		304,788
Income taxes		14,968			2,518			—			17,486
Net income	$	53,458		$	3,777		$	—		$	57,235
% of consolidated net income		93	%		7	%		—	%		100	%
Total assets	$	21,990,882		$	143,676		$	(86,083	)	$	22,048,475
% of consolidated total assets		100	%		—	%		—	%		100	%
Total revenues *	$	407,810		$	53,331		$	(4,721	)	$	456,420
% of consolidated total revenues		89	%		12	%		(1	)%		100	%
As of and for the six months ended June 30, 2010
Net interest income	$	328,631		$	384		$	—		$	329,015
Provision for loan losses		263,010			—			—			263,010
Noninterest income		142,092			50,100			(2,158	)		190,034
Depreciation and amortization		27,972			624			—			28,596
Other noninterest expense		250,651			40,913			(2,158	)		289,406
Income taxes		(36,374	)		3,579			—			(32,795	)
Net income (loss)	$	(34,536	)	$	5,368		$	—		$	(29,168	)
% of consolidated net income (loss)		N/M			N/M			N/M			N/M
Total assets	$	22,700,950		$	132,060		$	(72,951	)	$	22,760,059
% of consolidated total assets		100	%		—	%		—	%		100	%
Total revenues *	$	470,723		$	50,484		$	(2,158	)	$	519,049
% of consolidated total revenues		91	%		9	%		—	%		100	%

N/M — Not Meaningful
*	Total revenues for this segment disclosure are defined to be the sum of net interest income plus noninterest income, net of mortgage servicing rights amortization.

				Wealth
	Banking			Management			Other			Consolidated Total
	($ in Thousands)
As of and for the three months ended June 30, 2011
Net interest income	$	154,008		$	115		$	—		$	154,123
Provision for loan losses		16,000			—			—			16,000
Noninterest income		45,803			27,081			(2,361	)		70,523
Depreciation and amortization		14,547			290			—			14,837
Other noninterest expense		128,020			24,158			(2,361	)		149,817
Income taxes		8,511			1,099			—			9,610
Net income	$	32,733		$	1,649		$	—		$	34,382
% of consolidated net income		95	%		5	%		—	%		100	%
Total assets	$	21,990,882		$	143,676		$	(86,083	)	$	22,048,475
% of consolidated total assets		100	%		—	%		—	%		100	%
Total revenues *	$	199,811		$	27,196		$	(2,361	)	$	224,646
% of consolidated total revenues		89	%		12	%		(1	)%		100	%
As of and for the three months ended June 30, 2010
Net interest income	$	159,619		$	174		$	—		$	159,793
Provision for loan losses		97,665			—			—			97,665
Noninterest income		62,485			25,086			(1,098	)		86,473
Depreciation and amortization		13,959			312			—			14,271
Other noninterest expense		126,574			20,873			(1,098	)		146,349
Income taxes		(10,870	)		1,630			—			(9,240	)
Net income (loss)	$	(5,224	)	$	2,445		$	—		$	(2,779	)
% of consolidated net income (loss)		N/M			N/M			N/M			N/M
Total assets	$	22,700,950		$	132,060		$	(72,951	)	$	22,760,059
% of consolidated total assets		100	%		—	%		—	%		100	%
Total revenues *	$	222,104		$	25,260		$	(1,098	)	$	246,266
% of consolidated total revenues		90	%		10	%		—	%		100	%

N/M — Not Meaningful
*	Total revenues for this segment disclosure are defined to be the sum of net interest income plus noninterest income, net of mortgage servicing rights amortization.