Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING DISCLOSURES (Tables)

v2.4.1.9
SEGMENT REPORTING DISCLOSURES (Tables)
 3 Months Ended
Mar. 31, 2015
SEGMENT REPORTING DISCLOSURES [Abstract]  
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, 2015 and 2014 is as follows (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UNION BANKSHARES CORPORATION AND SUBSIDIARIES

 

 

 

 

 

 

 

 

 

SEGMENT FINANCIAL INFORMATION

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Community Bank

 

Mortgage

 

Eliminations

 

Consolidated

Three Months Ended March 31, 2015

 

 

 

 

 

 

 

 

 

 

 

Net interest income

$
61,723 

 

$
246 

 

$

 -

 

$
61,969 

Provision for loan losses

 
1,750 

 

 

 -

 

 

 -

 

 
1,750 

Net interest income after provision for loan losses

 
59,973 

 

 
246 

 

 

 -

 

 
60,219 

Noninterest income

 
12,848 

 

 
2,376 

 

 
(170)

 

 
15,054 

Noninterest expenses

 
50,972 

 

 
3,038 

 

 
(170)

 

 
53,840 

Income (loss) before income taxes

 
21,849 

 

 
(416)

 

 

 -

 

 
21,433 

Income tax expense (benefit)

 
5,881 

 

 
(149)

 

 

 -

 

 
5,732 

Net income (loss)

$
15,968 

 

$
(267)

 

$

 -

 

$
15,701 

Total assets

$
7,382,266 

 

$
55,380 

 

$
(49,087)

 

$
7,388,559 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 2014

 

 

 

 

 

 

 

 

 

 

 

Net interest income

$
63,526 

 

$
232 

 

$

 -

 

$
63,758 

Provision for loan losses

 

 -

 

 

 -

 

 

 -

 

 

 -

Net interest income after provision for loan losses

 
63,526 

 

 
232 

 

 

 -

 

 
63,758 

Noninterest income

 
11,659 

 

 
2,300 

 

 
(171)

 

 
13,788 

Noninterest expenses

 
62,746 

 

 
4,710 

 

 
(171)

 

 
67,285 

Income (loss) before income taxes

 
12,439 

 

 
(2,178)

 

 

 -

 

 
10,261 

Income tax expense (benefit)

 
3,351 

 

 
(798)

 

 

 -

 

 
2,553 

Net income (loss)

$
9,088 

 

$
(1,380)

 

$

 -

 

$
7,708 

Total assets

$
7,282,311 

 

$
57,705 

 

$
(45,511)

 

$
7,294,505