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Business Segments
 3 Months Ended
Mar. 31, 2012
Business Segments [Abstract]  
Business Segments

BUSINESS SEGMENTS

The Corporation operates in four reportable segments: Community Banking, Wealth Management, Insurance and Consumer Finance.

 

  •  

The Community Banking segment provides services traditionally offered by full-service commercial banks, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.

 

  •  

The Wealth Management segment provides a broad range of personal and corporate fiduciary services including the administration of decedent and trust estates. In addition, it offers various alternative products, including securities brokerage and investment advisory services, mutual funds and annuities.

 

  •  

The Insurance segment includes a full-service insurance agency offering all lines of commercial and personal insurance through major carriers. The Insurance segment also includes a reinsurer.

 

  •  

The Consumer Finance segment primarily makes installment loans to individuals and purchases installment sales finance contracts from retail merchants. The Consumer Finance segment activity is funded through the sale of the Corporation's subordinated notes at the finance company's branch offices.

The following tables provide financial information for these segments of the Corporation. The information provided under the caption "Parent and Other" represents operations not considered to be reportable segments and/or general operating expenses of the Corporation, and includes the parent company, other non-bank subsidiaries and eliminations and adjustments which are necessary for purposes of reconciliation to the consolidated amounts.

 

     Community
Banking		      Wealth
Management		      Insurance      Consumer
Finance		      Parent and
Other		     Consolidated  

At or for the Three Months Ended March 31, 2012

                 

Interest income

    $ 97,427       $ 2       $ 30       $ 8,356       $ 1,472      $ 107,287   

Interest expense

      12,824         —           —           971         2,571        16,366   

Net interest income

      84,603         2         30         7,385         (1,099 )      90,921   

Provision for loan losses

      5,238         —           —           1,166         168        6,572   

Non-interest income

      23,447         5,882         3,503         497         (1,584 )      31,745   

Non-interest expense

      71,793         4,689         2,937         4,605         368        84,392   

Intangible amortization

      2,095         80         106         —           —          2,281   

Income tax expense (benefit)

      7,734         403         174         808         (1,280 )      7,839   

Net income (loss)

      21,190         712         316         1,303         (1,939 )      21,582   

Total assets

      11,534,775         19,212         16,951         167,758         (12,633 )      11,726,063   

Total intangibles

      689,570         11,552         11,245         1,809         —          714,176   

At or for the Three Months Ended March 31, 2011

                 

Interest income

    $ 87,783       $ 3       $ 33       $ 8,070       $ 1,482      $ 97,371   

Interest expense

      16,394         —           —           1,117         2,577        20,088   

Net interest income

      71,389         3         33         6,953         (1,095 )      77,283   

Provision for loan losses

      6,836         —           —           1,328         64        8,228   

Non-interest income

      20,081         5,938         3,558         522         (1,667 )      28,432   

Non-interest expense

      60,057         4,933         3,291         4,324         156        72,761   

Intangible amortization

      1,606         84         106         —           —          1,796   

Income tax expense (benefit)

      5,836         333         70         683         (1,167 )      5,755   

Net income (loss)

      17,135         591         124         1,140         (1,815 )      17,175   

Total assets

      9,553,213         19,518         18,718         168,643         (4,811 )      9,755,281   

Total intangibles

      576,112         11,883         11,671         1,809         —          601,475