| Information About Reportable Segments and Reconciliation |
Information about reportable segments and reconciliation of such information to the consolidated financial statements for years ended December 31, 2014, 2013, and 2012 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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Year Ended December 31, 2014
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Net interest income
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$
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253,956
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$
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1,062
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$
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-
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$
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255,018
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Provision for loan losses
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7,800
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-
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-
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7,800
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Net interest income after provision for loan losses
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246,156
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1,062
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-
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247,218
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Noninterest income
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51,878
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10,091
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(682)
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61,287
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Noninterest expenses
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222,647
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16,587
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(682)
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238,552
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Income (loss) before income taxes
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75,387
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(5,434)
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-
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69,953
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Income tax expense (benefit)
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19,298
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(1,936)
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-
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17,362
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Net income (loss)
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$
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56,089
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$
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(3,498)
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$
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-
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$
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52,591
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Total assets
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$
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7,354,586
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$
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51,485
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$
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(46,900)
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$
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7,359,171
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Year Ended December 31, 2013
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Net interest income
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$
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149,975
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$
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1,651
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$
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-
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$
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151,626
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Provision for loan losses
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6,056
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-
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-
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6,056
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Net interest income after provision for loan losses
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143,919
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1,651
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-
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145,570
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Noninterest income
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27,492
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11,906
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(670)
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38,728
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Noninterest expenses
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120,256
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17,703
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(670)
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137,289
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Income (loss) before income taxes
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51,155
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(4,146)
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-
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47,009
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Income tax expense (benefit)
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14,000
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(1,487)
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-
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12,513
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Net income (loss)
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$
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37,155
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$
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(2,659)
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$
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-
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$
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34,496
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Total assets
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$
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4,170,682
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$
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63,715
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$
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(57,826)
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$
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4,176,571
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Year Ended December 31, 2012
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Net interest income
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$
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153,024
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$
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1,331
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$
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-
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$
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154,355
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Provision for loan losses
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12,200
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-
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-
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12,200
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Net interest income after provision for loan losses
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140,824
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1,331
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-
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142,155
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Noninterest income
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24,876
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16,660
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(468)
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41,068
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Noninterest expenses
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119,976
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13,971
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(468)
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133,479
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Income (loss) before income taxes
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45,724
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4,020
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-
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49,744
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Income tax expense (benefit)
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12,858
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1,475
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-
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14,333
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Net income (loss)
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$
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32,866
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$
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2,545
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$
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-
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$
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35,411
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Total assets
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$
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4,081,544
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$
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187,836
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$
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(173,515)
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$
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4,095,865
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