v2.4.0.8
Segment Reporting
 6 Months Ended
Jun. 30, 2014
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 PCI loans and other assets acquired under FDIC loss share agreements. 

The Wealth Management operating 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 June 30,
Income Statement Information
2014
Net interest income (expense)
$
29,109

 
$
(24
)
 
$
(343
)
 
$
28,742

Provision for loan losses
878

 
—

 
—

 
878

Noninterest income
1,325

 
2,074

 
6

 
3,405

Noninterest expense
17,833

 
1,811

 
801

 
20,445

Income (loss) before income tax expense (benefit)
11,723

 
239

 
(1,138
)
 
10,824

 
 
 
 
 
 
 
 
 
2013
Net interest income (expense)
$
34,404

 
$
(133
)
 
$
(963
)
 
$
33,308

Provision for loan losses
(6,573
)
 
—

 
—

 
(6,573
)
Noninterest income
(3,487
)
 
1,811

 
(1
)
 
(1,677
)
Noninterest expense
18,428

 
1,779

 
940

 
21,147

Income (loss) before income tax expense (benefit)
19,062

 
(101
)
 
(1,904
)
 
17,057

 
 
 
 
 
 
 
 
 
Six months ended June 30,
Income Statement Information
2014
Net interest income (expense)
$
59,929

 
$
(42
)
 
$
(779
)
 
$
59,108

Provision for loan losses
5,209

 
—

 
—

 
5,209

Noninterest income
3,024

 
4,290

 
13

 
7,327

Noninterest expense
35,464

 
3,643

 
2,440

 
41,547

Income (loss) before income tax expense (benefit)
22,280

 
605

 
(3,206
)
 
19,679

 
 
 
 
 
 
 
 
 
2013
Net interest income (expense)
$
72,261

 
$
(126
)
 
$
(1,928
)
 
$
70,207

Provision for loan losses
(2,464
)
 
—

 
—

 
(2,464
)
Noninterest income
(3,442
)
 
4,605

 
74

 
1,237

Noninterest expense
35,152

 
3,835

 
2,445

 
41,432

Income (loss) before income tax expense (benefit)
36,131

 
644

 
(4,299
)
 
32,476

 
 
 
 
 
 
 
 
Balance Sheet Information
June 30, 2014
 
December 31, 2013
Total assets:
 
 
 
Banking
$
3,064,332
 
 
$
3,051,256
 
Wealth Management
92,946
 
 
101,026
 
Corporate and Intercompany
18,163
 
 
17,915
 
Total
3,175,441
 
 
3,170,197