| Information About Reportable Segments and Reconciliation |
Information about reportable segments and reconciliation of such information to the consolidated financial statements for the three months ended March 31, 2014 and 2013 is as follows (dollars in thousands):
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UNION BANKSHARES CORPORATION AND SUBSIDIARIES
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SEGMENT FINANCIAL INFORMATION
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(Dollars in thousands)
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Community Bank
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Mortgage
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Eliminations
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Consolidated
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Three Months Ended March 31, 2014
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Net interest income
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$
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63,526
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$
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232
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$
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-
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$
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63,758
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Provision for loan losses
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-
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-
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-
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-
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Net interest income after provision for loan losses
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63,526
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232
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-
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63,758
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Noninterest income
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12,071
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2,300
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(171)
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14,200
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Noninterest expenses
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63,242
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4,710
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(171)
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67,781
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Income (loss) before income taxes
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12,355
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(2,178)
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-
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10,177
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Income tax expense (benefit)
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3,160
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(798)
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-
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2,362
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Net income (loss)
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$
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9,195
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$
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(1,380)
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$
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-
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$
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7,815
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Total assets
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$
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7,282,443
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$
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57,705
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$
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(45,511)
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$
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7,294,637
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Three Months Ended March 31, 2013
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Net interest income
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$
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37,188
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$
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565
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$
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-
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$
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37,753
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Provision for loan losses
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2,050
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-
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-
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2,050
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Net interest income after provision for loan losses
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35,138
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565
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-
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35,703
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Noninterest income
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6,146
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3,856
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(167)
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9,835
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Noninterest expenses
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29,544
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4,124
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(167)
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33,501
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Income before income taxes
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11,740
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297
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-
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12,037
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Income tax expense
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2,934
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120
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-
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3,054
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Net income
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$
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8,806
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$
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177
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$
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-
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$
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8,983
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Total assets
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$
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4,031,302
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$
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136,238
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$
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(116,405)
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$
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4,051,135
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