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SEGMENT REPORTING
 3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
SEGMENT REPORTING
SEGMENT REPORTING

The Company utilizes an internal reporting system to measure the performance of various operating segments within the Bank and the Company overall. The Company has identified four operating segments for purposes of management reporting: i) Banking; ii) Mortgage Banking; iii) Financial Advisory and Asset Management; and iv) Corporate/Other. Each of these four business divisions meets the criteria of an operating segment, as each segment engages in business activities from which it earns revenues and incurs expenses and its operating results are regularly reviewed by the Company’s chief operating decision-maker, the Company's President and Chief Executive Officer or his delegate, to make decisions about resources to be allocated to the segment and assess its performance and for which discrete financial information is available.

The principal business of the Banking segment consists of attracting deposits and investing these funds primarily in commercial, consumer and real estate secured loans. The principal business of the Mortgage Banking segment is originating conforming SFR loans and selling these loans in the secondary market. The principal business of the Financial Advisory and Asset Management segment is operated by The Palisades Group and provides services of purchase, sale and management of SFR mortgage loans. The Corporate/Other segment includes the holding company and PTB, an entity formed to hold real estate. The Corporate/Other operating segment engages in business activities through the sale of other real estate owned and loans held at the holding company and incurs interest expense on debt as well as non-interest expense for corporate related activities. The operating segment results do not include allocation of centralized costs that are currently recorded in the Banking and Corporate/Other segment. The Company is currently in the process of determining the basis for calculating allocations.

The following table represents the operating segments’ financial results and other key financial measures as of or for the three months ended March 31, 2015 and 2014:
 
As of or For the Three Months Ended
 
Banking
 
Mortgage Banking
 
Financial Advisory and Asset Management
 
Corporate/ Other
 
Inter-segment Elimination
 
Consolidated
 
(In thousands)
March 31, 2015
 
 
 
 
 
 
 
 
 
 
 
Net interest income
$
51,552

 
$
2,501

 
$
—

 
$
(2,056
)
 
$
—

 
$
51,997

Provision for loan and lease losses
—

 
—

 
—

 
—

 
—

 
—

Noninterest income
7,855

 
36,928

 
2,622

 
—

 
(1,425
)
 
45,980

Noninterest expense
43,492

 
29,797

 
1,980

 
2,035

 
(1,425
)
 
75,879

Income (loss) before income taxes
$
15,915

 
$
9,632

 
$
642

 
$
(4,091
)
 
$
—

 
$
22,098

Total assets
$
5,684,574

 
$
406,215

 
$
2,987

 
$
25,424

 
$
(21,845
)
 
$
6,097,355

March 31, 2014
 
 
 
 
 
 
 
 
 
 
 
Net interest income
$
34,900

 
$
1,869

 
$
—

 
$
(1,584
)
 
$
—

 
$
35,185

Provision for loan and lease losses
1,929

 
—

 
—

 
—

 
—

 
1,929

Noninterest income
5,796

 
18,369

 
2,993

 
3

 
(1,883
)
 
25,278

Noninterest expense
31,681

 
22,849

 
2,246

 
2,701

 
(1,883
)
 
57,594

Income (loss) before income taxes
$
7,086

 
$
(2,611
)
 
$
747

 
$
(4,282
)
 
$
—

 
$
940

Total assets
$
3,816,728

 
$
202,555

 
$
3,943

 
$
19,257

 
$
(12,018
)
 
$
4,030,465