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SEGMENT INFORMATION | 9 Months Ended
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Sep. 30, 2015
SEGMENT INFORMATION [Abstract] |
SEGMENT INFORMATION |
NOTE M: | SEGMENT INFORMATION
Operating segments are components of an enterprise, which are evaluated regularly by the “chief operating decision maker” in deciding how to allocate resources and assess performance. The Company’s chief operating decision maker is the President and Chief Executive Officer of the Company. The Company has identified Banking, Employee Benefit Services and Wealth Management as its reportable operating business segments. The Bank operates the banking segment that provides full-service banking to consumers, businesses and governmental units in northern, central and western New York as well as northern Pennsylvania. The employee benefit services segment, which includes Benefit Plans Administrative Services, Inc. (“BPAS”) and its subsidiaries, with offices throughout the U.S. and Puerto Rico, provides employee benefit trust, collective investment fund, retirement plan administration, actuarial, VEBA/HRA and health and welfare consulting services. The wealth management services segment includes trust services provided by the personal trust unit within the Bank, investment and insurance products and services provided by the Bank’s subsidiaries Community Investment Services, Inc. (“CISI”) and CBNA Insurance Agency, Inc., and asset management services provided by the Bank’s Nottingham Advisors, Inc. subsidiary. The accounting policies used in the disclosure of business segments are the same as those described in the summary of significant accounting policies (See Note A, Summary of Significant Accounting Policies of the most recent Form 10-K for the year ended December 31, 2014 filed with the SEC on March 2, 2015). Information about reportable segments and reconciliation of the information to the consolidated financial statements follows:
(000's omitted) |  | Banking |  |  | Employee Benefit Services |  |  | Wealth Management |  |  | Eliminations |  |  | Consolidated Total |
Three Months Ended September 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income |  | $ | 62,295 |  |  | $ | 37 |  |  | $ | 31 |  |  | $ | 0 |  |  | $ | 62,363 |
Provision for loan losses |  |  | 1,906 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,906 |
Noninterest revenues |  |  | 15,503 |  |  |  | 11,674 |  |  |  | 4,735 |  |  |  | (526 | ) |  |  | 31,386 |
Amortization of intangible assets |  |  | 680 |  |  |  | 125 |  |  |  | 38 |  |  |  | 0 |  |  |  | 843 |
Other operating expenses |  |  | 43,790 |  |  |  | 8,644 |  |  |  | 3,328 |  |  |  | (526 | ) |  |  | 55,236 |
Income before income taxes |  | $ | 31,422 |  |  | $ | 2,942 |  |  | $ | 1,400 |  |  | $ | 0 |  |  | $ | 35,764 |
Assets |  | $ | 7,970,345 |  |  | $ | 30,958 |  |  | $ | 18,921 |  |  | $ | (23,058 | ) |  | $ | 7,997,166 |
Goodwill |  | $ | 364,495 |  |  | $ | 8,019 |  |  | $ | 2,660 |  |  | $ | 0 |  |  | $ | 375,174 |
Three Months Ended September 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income |  | $ | 61,350 |  |  | $ | 21 |  |  | $ | 23 |  |  | $ | 0 |  |  | $ | 61,394 |
Provision for loan losses |  |  | 1,747 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,747 |
Noninterest revenues |  |  | 15,700 |  |  |  | 11,049 |  |  |  | 4,809 |  |  |  | (486 | ) |  |  | 31,072 |
Amortization of intangible assets |  |  | 850 |  |  |  | 153 |  |  |  | 48 |  |  |  | 0 |  |  |  | 1,051 |
Other operating expenses |  |  | 46,837 |  |  |  | 8,140 |  |  |  | 3,269 |  |  |  | (486 | ) |  |  | 57,760 |
Income before income taxes |  | $ | 27,616 |  |  | $ | 2,777 |  |  | $ | 1,515 |  |  | $ | 0 |  |  | $ | 31,908 |
Assets |  | $ | 7,476,030 |  |  | $ | 29,605 |  |  | $ | 14,965 |  |  | $ | (17,957 | ) |  | $ | 7,502,643 |
Goodwill |  | $ | 364,495 |  |  | $ | 8,019 |  |  | $ | 2,660 |  |  | $ | 0 |  |  | $ | 375,174 |
Nine Months Ended September 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income |  | $ | 183,243 |  |  | $ | 102 |  |  | $ | 86 |  |  | $ | 0 |  |  | $ | 183,431 |
Provision for loan losses |  |  | 3,120 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,120 |
Noninterest revenues |  |  | 43,037 |  |  |  | 34,633 |  |  |  | 13,943 |  |  |  | (1,462 | ) |  |  | 90,151 |
Amortization of intangible assets |  |  | 2,129 |  |  |  | 391 |  |  |  | 122 |  |  |  | 0 |  |  |  | 2,642 |
Other operating expenses |  |  | 131,002 |  |  |  | 26,052 |  |  |  | 9,841 |  |  |  | (1,462 | ) |  |  | 165,433 |
Income before income taxes |  | $ | 90,029 |  |  | $ | 8,292 |  |  | $ | 4,066 |  |  | $ | 0 |  |  | $ | 102,387 |
Nine Months Ended September 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net interest income |  | $ | 182,537 |  |  | $ | 67 |  |  | $ | 68 |  |  | $ | 0 |  |  | $ | 182,672 |
Provision for loan losses |  |  | 4,647 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 4,647 |
Noninterest revenues |  |  | 43,922 |  |  |  | 32,434 |  |  |  | 14,101 |  |  |  | (1,365 | ) |  |  | 89,092 |
Amortization of intangible assets |  |  | 2,644 |  |  |  | 496 |  |  |  | 153 |  |  |  | 0 |  |  |  | 3,293 |
Other operating expenses |  |  | 133,680 |  |  |  | 24,622 |  |  |  | 9,666 |  |  |  | (1,365 | ) |  |  | 166,603 |
Income before income taxes |  | $ | 85,488 |  |  | $ | 7,383 |  |  | $ | 4,350 |  |  | $ | 0 |  |  | $ | 97,221 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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