The following tables present a reconciliation of the revenues, profits, assets, and other significant items of reportable segments as of and for the year ended December 31, 2018, 2017, and 2016. Interest expense on junior subordinated debentures is reported at the Holding Company.



	Year ended December 31,
	2018			2017			2016
Private Banking	(In thousands)
Net interest income	$	238,036		$	227,280		$	202,702
Fees and other income	9,366			10,856			18,947
Total revenues	247,402			238,136			221,649
Provision/ (credit) for loan losses	(2,198		)	(7,669		)	(6,935		)
Operating expense (1)	165,263			149,008			125,116
Income before income taxes	84,337			96,797			103,468
Income tax expense (2)	16,313			43,356			33,120
Net income from continuing operations	68,024			53,441			70,348
Net income attributable to the Company	$	68,024		$	53,441		$	70,348

Assets	$	8,424,967		$	8,177,304		$	7,816,671
Depreciation	$	8,646		$	5,639		$	4,477



	Year ended December 31,
	2018		2017			2016
Wealth Management and Trust	(In thousands)
Fees and other income	$	47,000	$	45,813		$	44,401
Total revenues	47,000		45,813			44,401
Operating expense (3)	42,987		49,287			64,844
Income/ (loss) before income taxes	4,013		(3,474		)	(20,443		)
Income tax expense / (benefit) (2)	1,108		(509		)	(8,279		)
Net income/ (loss) from continuing operations	2,905		(2,965		)	(12,164		)
Net income/ (loss) attributable to the Company	$	2,905	$	(2,965	)	$	(12,164	)

Assets	$	81,568	$	74,128		$	80,501
Amortization of intangibles	$	2,775	$	2,882		$	2,962
Depreciation	$	1,332	$	1,331		$	1,145



	Year ended December 31,
	2018		2017			2016
Affiliate Partners (4)	(In thousands)
Net interest income	$	348	$	145		$	32
Fees and other income	75,123		98,187			95,129
Total revenues	75,471		98,332			95,161
Operating expense (5)	54,192		94,785			67,654
Income/ (loss) before income taxes	21,279		3,547			27,507
Income tax expense (2)	5,488		10,229			9,873
Net income/ (loss) from continuing operations	15,791		(6,682		)	17,634
Noncontrolling interests	3,487		4,468			4,157
Net income/ (loss) attributable to the Company	$	12,304	$	(11,150	)	$	13,477

Assets	$	55,714	$	144,361		$	172,579
Amortization of intangibles	$	154	$	2,719		$	3,320
Depreciation	$	716	$	1,136		$	1,162



	Year ended December 31,
	2018			2017			2016
Holding Company and Eliminations	(In thousands)
Net interest income	$	(3,818	)	$	(2,739	)	$	(2,296	)
Fees and other income (6)	18,508			(890		)	310
Total revenues	14,690			(3,629		)	(1,986		)
Operating expense	4,913			6,856			7,339
Income/ (loss) before income taxes	9,777			(10,485		)	(9,325		)
Income tax expense/(benefit) (2)(8)	14,628			(6,880		)	(3,751		)
Net (loss) from continuing operations	(4,851		)	(3,605		)	(5,574		)
Discontinued operations (7)	2,002			4,870			5,541
Net income/(loss) attributable to the Company	$	(2,849	)	$	1,265		$	(33	)

Assets (including eliminations)	$	(67,624	)	$	(84,049	)	$	(99,277	)
Depreciation	$	—		$	—		$	54



	Year ended December 31,
	2018			2017			2016
Total Company	(In thousands)
Net interest income	$	234,566		$	224,686		$	200,438
Fees and other income	149,997			153,966			158,787
Total revenues	384,563			378,652			359,225
Provision/ (credit) for loan losses	(2,198		)	(7,669		)	(6,935		)
Operating expense	267,355			299,936			264,953
Income before income taxes	119,406			86,385			101,207
Income tax expense (2)	37,537			46,196			30,963
Net income from continuing operations	81,869			40,189			70,244
Noncontrolling interests	3,487			4,468			4,157
Discontinued operations (7)	2,002			4,870			5,541
Net income attributable to the Company	$	80,384		$	40,591		$	71,628

Assets	$	8,494,625		$	8,311,744		$	7,970,474
Amortization of intangibles	$	2,929		$	5,601		$	6,282
Depreciation	$	10,694		$	8,106		$	6,838

___________________


(1)	Operating expense related to the Private Banking segment includes restructuring expenses of $6.6 million for the year ended December 31, 2018.

(2)

The Company’s effective tax rate for 2018, 2017, and 2016 is not consistent due to the re-measurement of the deferred tax assets in 2017, impairment of goodwill not deductible for tax purposes, earnings from tax-exempt investments, non-deductible compensation, state and local taxes, income tax credits and income attributable to noncontrolling interests having a different impact on the effective tax rate due primarily to the different levels of income before taxes in years 2018, 2017, and 2016. See Part II. Item 8. “Financial Statements and Supplementary Data - Note 17: Income Taxes” for additional details.


(3)	Operating expense related to the Wealth Management and Trust segment includes restructuring expenses of $0.4 million for the year ended December 31, 2018, restructuring expenses of $2.0 million for the year ended December 31, 2016 and a goodwill impairment charge of $9.5 million for the year ended December 31, 2016.


(4)	The results of Anchor and BOS for the periods owned are included in the results of the Affiliate Partners segment and the Company.


(5)	Operating expense related to the Affiliate Partners segment includes restructuring expenses of $0.8 million for the year ended December 31, 2018 and a goodwill impairment charge of $24.9 million for the year ended December 31, 2017.


(6)	Fees and other income for the Holding Company and Eliminations includes a loss on the sale of Anchor of $1.3 million for the year ended December 31, 2017 related to the classification of Anchor as held for sale. Fees and other income for the Holding Company includes a gain on the sale of BOS of $18.1 million for the year ended December 31, 2018.


(7)	The Holding Company and Eliminations calculation of net income attributable to the Company includes net income from discontinued operations for the years ended December 31, 2018, 2017 and 2016 of $2.0 million, $4.9 million, and $5.5 million, respectively.


(8)	Income tax expense for the year ended December 31, 2018 includes $12.7 million in additional expense related to the sale of Anchor in April 2018 and $3.5 million in additional expense related to the sale of BOS in December 2018.