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SEGMENT REPORTING
 12 Months Ended
Dec. 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) Commercial Banking; (ii) Mortgage Banking; (iii) Financial Advisory; 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, 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 Commercial 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 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. The Corporate/Other 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. During the fourth quarter of 2015, the Company developed a measurement method to allocate centrally incurred costs to its operating segments. The Company allocates shared service costs within Commercial Banking noninterest expense, as well as Corporate/Other noninterest expense, to the respective operating segments. These allocations of centrally incurred costs resulted in a reduction of noninterest expense for Commercial Banking and Corporate/Other, in the amount of $7.1 million and $13.8 million, respectively. Additionally, these allocations resulted in an increase of noninterest expense for Mortgage Banking and Financial Advisory, in the amount of $19.3 million and $1.6 million, respectively.
The Company did not change the measurement method of prior period operating segment information, as it was not deemed practicable to do so. The following table represents the operating segments’ financial results and other key financial measures as of or for the years ended December 31, 2015, 2014, and 2013:
 
As of or For the Year Ended
 
Commercial Banking
 
Mortgage Banking
 
Financial Advisory
 
Corporate/ Other
 
Inter-segment Elimination
 
Consolidated
 
(In thousands)
December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
Net interest income
$
225,869

 
$
12,502

 
$
—

 
$
(14,654
)
 
$
—

 
$
223,717

Provision for loan and lease losses
7,469

 
—

 
—

 
—

 
—

 
7,469

Noninterest income
65,829

 
144,522

 
15,960

 
—

 
(6,092
)
 
220,219

Noninterest expense
183,918

 
143,912

 
10,463

 
—

 
(6,092
)
 
332,201

Income (loss) before income taxes
$
100,311

 
$
13,112

 
$
5,497

 
$
(14,654
)
 
$
—

 
$
104,266

Total assets
$
7,785,887

 
$
445,509

 
$
11,865

 
$
157,944

 
$
(165,650
)
 
$
8,235,555

December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
Net interest income
$
154,322

 
$
8,455

 
$
—

 
$
(7,500
)
 
$
—

 
$
155,277

Provision for loan and lease losses
10,976

 
—

 
—

 
—

 
—

 
10,976

Noninterest income
34,122

 
98,322

 
19,697

 
217

 
(6,721
)
 
145,637

Noninterest expense
150,539

 
96,103

 
11,071

 
12,480

 
(6,721
)
 
263,472

Income (loss) before income taxes
$
26,929

 
$
10,674

 
$
8,626

 
$
(19,763
)
 
$
—

 
$
26,466

Total assets
$
5,648,986

 
$
309,241

 
$
14,957

 
$
60,593

 
$
(62,480
)
 
$
5,971,297

December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
Net interest income
$
96,222

 
$
7,792

 
$
—

 
$
(6,785
)
 
$
—

 
$
97,229

Provision for loan and lease losses
7,963

 
—

 
—

 
—

 
—

 
7,963

Noninterest income
26,740

 
69,687

 
2,832

 
5

 
(2,521
)
 
96,743

Noninterest expense
88,449

 
76,210

 
2,339

 
13,624

 
(2,521
)
 
178,101

Income (loss) before income taxes
$
26,550

 
$
1,269

 
$
493

 
$
(20,404
)
 
$
—

 
$
7,908

Total assets
$
3,395,793

 
$
222,269

 
$
2,876

 
$
33,974

 
$
(27,050
)
 
$
3,627,862