v2.4.0.6
Segment Reporting
 3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Segment Reporting
SEGMENT REPORTING
 
The Company has two primary operating segments, Banking and Wealth Management, which are delineated by the products and services that each segment offers. The segments are evaluated separately on their individual performance, as well as their contribution to the Company as a whole.
 
The Banking operating segment consists of a full-service commercial bank, with locations in St. Louis, Kansas City, and Phoenix. The majority of the Company’s assets and income result from the Banking segment. All banking locations have the same product and service offerings, have similar types and classes of customers and utilize similar service delivery methods. Pricing guidelines and operating policies for products and services are the same across all regions.
The Banking operating segment also includes activities surrounding the assets acquired under FDIC loss share agreements. 

The Wealth Management segment includes the Trust division of the Bank and the state tax credit brokerage activities. The Trust division provides estate planning, investment management, and retirement planning as well as strategic planning and management succession issues. State tax credits are part of a fee initiative designed to augment the Company’s wealth management segment and banking lines of business.
 
The Company's Corporate and Intercompany activities represent the elimination of items between segments as well as Corporate related items that management feels are not allocable to either of the two respective segments.

The financial information for each business segment reflects that information which is specifically identifiable or which is allocated based on an internal allocation method. There were no material intersegment revenues among the two segments. Management periodically makes changes to methods of assigning costs and income to its business segments to better reflect operating results. When appropriate, these changes are reflected in prior year information presented below.

Following are the financial results for the Company’s operating segments.

(in thousands)
Banking
 
Wealth Management
 
Corporate and Intercompany
 
Total
 
Three months ended March 31,
Income Statement Information
2013
Net interest income (expense)
$
37,857

 
$
7

 
$
(965
)
 
$
36,899

Provision for loan losses
4,109

 
—

 
—

 
4,109

Noninterest income
45

 
2,794

 
75

 
2,914

Noninterest expense
16,768

 
2,056

 
1,693

 
20,517

Income (loss) before income tax expense (benefit)
17,025

 
745

 
(2,583
)
 
15,187

 
 
 
 
 
 
 
 
 
2012
Net interest income (expense)
$
31,811

 
$
(128
)
 
$
(1,054
)
 
$
30,629

Provision for loan losses
4,003

 
—

 
—

 
4,003

Noninterest income
1,892

 
2,053

 
38

 
3,983

Noninterest expense
18,059

 
1,873

 
1,432

 
21,364

Income (loss) before income tax expense (benefit)
11,641

 
52

 
(2,448
)
 
9,245

 
 
 
 
 
 
 
 
Balance Sheet Information
March 31, 2013
 
December 31, 2012
Total assets:
 
 
 
Banking
$
3,005,483
 
 
$
3,195,096
 
Wealth Management
102,194
 
 
112,020
 
Corporate and Intercompany
16,251
 
 
18,670
 
Total
3,123,928
 
 
3,325,786