| 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, 2016 and 2015 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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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, 2016
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Net interest income
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$
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63,425
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$
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306
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$
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-
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$
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63,731
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Provision for credit losses
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2,500
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104
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-
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2,604
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Net interest income after provision for credit losses
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60,925
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202
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-
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61,127
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Noninterest income
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13,608
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2,477
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(171)
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15,914
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Noninterest expenses
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51,844
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2,599
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(171)
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54,272
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Income before income taxes
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22,689
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80
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-
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22,769
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Income tax expense
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5,782
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26
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-
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5,808
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Net income
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$
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16,907
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$
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54
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$
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-
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$
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16,961
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Total assets
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$
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7,825,652
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$
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55,069
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$
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(48,110)
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$
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7,832,611
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Three Months Ended March 31, 2015
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Net interest income
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$
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61,723
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$
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246
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$
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-
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$
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61,969
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Provision for credit losses
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1,750
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-
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-
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1,750
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Net interest income after provision for credit losses
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59,973
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246
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-
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60,219
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Noninterest income
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12,848
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2,376
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(170)
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15,054
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Noninterest expenses
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50,972
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3,038
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(170)
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53,840
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Income (loss) before income taxes
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21,849
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(416)
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-
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21,433
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Income tax expense (benefit)
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5,881
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(149)
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-
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5,732
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Net income (loss)
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$
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15,968
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$
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(267)
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$
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-
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$
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15,701
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Total assets
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$
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7,382,266
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$
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55,380
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$
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(49,087)
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$
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7,388,559
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