Segment Reporting

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Reporting

(20.) SEGMENT REPORTING

The Company has two reportable operating segments, banking and insurance, which are delineated by the consolidated subsidiaries of Financial Institutions, Inc. The banking segment includes all of the Company's retail and commercial banking operations. The insurance segment includes the activities of SDN, a full service insurance agency that provides a broad range of insurance services to both personal and business clients. The Company operated as one business segment until the acquisition of SDN on August 1, 2014, at which time the new "Insurance" segment was created for financial reporting purposes. Holding company amounts are the primary differences between segment amounts and consolidated totals, and are reflected in the Holding Company and Other column below, along with amounts to eliminate balances and transactions between segments.

The following tables present information regarding the Company's business segments as of and for the periods indicated (in thousands).

						Holding
						Company and		Consolidated
		Banking		Insurance		Other		Totals
December 31, 2015
Goodwill	$	48,536	$	11,866	$	-	$	60,402
Other intangible assets, net		829		5,715		-		6,544
Total assets		3,356,987		20,315		3,722		3,381,024
December 31, 2014
Goodwill	$	48,536	$	12,617	$	-	$	61,153
Other intangible assets, net		1,125		6,361		-		7,486
Total assets		3,065,109		20,368		4,044		3,089,521

								Holding
								Company and			Consolidated
		Banking			Insurance(1)			Other			Totals
Year ended December 31, 2015
Net interest income (expense)	$	97,063		$	-		$	(1,750	)	$	95,313
Provision for loan losses		(7,381	)		-			-			(7,381	)
Noninterest income		24,734			4,969			634			30,337
Noninterest expense (2)		(71,599	)		(5,426	)		(2,368	)		(79,393	)
Income (loss) before income taxes		42,817			(457	)		(3,484	)		38,876
Income tax (expense) benefit		(12,230	)		(121	)		1,812			(10,539	)
Net income (loss)	$	30,587		$	(578	)	$	(1,672	)	$	28,337
Year ended December 31, 2014
Net interest income	$	93,774		$	-		$	-		$	93,774
Provision for loan losses		(7,789	)		-			-			(7,789	)
Noninterest income		23,602			2,073			(325	)		25,350
Noninterest expense		(67,857	)		(1,877	)		(2,621	)		(72,355	)
Income (loss) before income taxes		41,730			196			(2,946	)		38,980
Income tax (expense) benefit		(10,735	)		(9	)		1,119			(9,625	)
Net income (loss)	$	30,995		$	187		$	(1,827	)	$	29,355

⁽¹⁾ Reflects activity from SDN since August 1, 2014, the date of acquisition.

⁽²⁾ Insurance segment includes goodwill impairment of $751 thousand