Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2015

Segment Results

The following tables provide a summary of the Company’s segment results for the years ended December 31, 2015 and 2014, on an internally managed accounting basis:

	For the Twelve Months Ended December 31, 2015
(in thousands)	Banking Operations			Residential Mortgage Banking		Total Company
Net interest income	$	393,074		$	15,001	$	408,075
Recoveries of loan losses		(15,004	)		—		(15,004	)
Non-Interest Income:
Third party(1)		154,847			55,916		210,763
Inter-segment		(15,359	)		15,359		—
Total non-interest income		139,488			71,275		210,763
Non-interest expense(2)		700,469			65,386		765,855
(Loss) Income before income tax expense		(152,903	)		20,890		(132,013	)
Income tax (benefit) expense		(93,297	)		8,440		(84,857	)
Net (loss) income	$	(59,606	)	$	12,450	$	(47,156	)
Identifiable segment assets (period-end)	$	49,619,931		$	697,865	$	50,317,796

(1) Includes ancillary fee income.

(2) Includes both direct and indirect expenses.

	For the Twelve Months Ended December 31, 2014
(in thousands)	Banking Operations			Residential Mortgage Banking		Total Company
Net interest income	$	1,126,162		$	14,191	$	1,140,353
Recoveries of loan losses		(18,587	)		—		(18,587	)
Non-Interest Income:
Third party(1)		135,834			65,759		201,593
Inter-segment		(13,521	)		13,521		—
Total non-interest income		122,313			79,280		201,593
Non-interest expense(2)		528,436			59,031		587,467
Income before income tax expense		738,626			34,440		773,066
Income tax expense		274,179			13,490		287,669
Net income	$	464,447		$	20,950	$	485,397
Identifiable segment assets (period-end)	$	47,897,672		$	661,545	$	48,559,217

(1) Includes ancillary fee income.

(2) Includes both direct and indirect expenses.