Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING DISCLOSURES (Tables)

v3.7.0.1
SEGMENT REPORTING DISCLOSURES (Tables)
 3 Months Ended
Mar. 31, 2017
Segment Reporting [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, 2017 and 2016 is as follows (dollars in thousands):

UNION BANKSHARES CORPORATION AND SUBSIDIARIES
SEGMENT FINANCIAL INFORMATION
 
Community Bank
 
Mortgage
 
Eliminations
 
Consolidated
Three Months Ended March 31, 2017
 

 
 

 
 

 
 

Net interest income
$
66,234

 
$
333

 
$
—

 
$
66,567

Provision for credit losses
2,104

 
18

 
—

 
2,122

Net interest income after provision for credit losses
64,130

 
315

 
—

 
64,445

Noninterest income
16,757

 
2,223

 
(141
)
 
18,839

Noninterest expenses
55,014

 
2,522

 
(141
)
 
57,395

Income before income taxes
25,873

 
16

 
—

 
25,889

Income tax expense
6,753

 
12

 
—

 
6,765

Net income
$
19,120

 
$
4

 
$
—

 
$
19,124

Total assets
$
8,660,987

 
$
76,818

 
$
(67,885
)
 
$
8,669,920

 
 
 
 
 
 
 
 
Three Months Ended March 31, 2016
 

 
 

 
 

 
 

Net interest income
$
63,425

 
$
306

 
$
—

 
$
63,731

Provision for credit losses
2,500

 
104

 
—

 
2,604

Net interest income after provision for credit losses
60,925

 
202

 
—

 
61,127

Noninterest income
13,608

 
2,477

 
(171
)
 
15,914

Noninterest expenses
51,844

 
2,599

 
(171
)
 
54,272

Income before income taxes
22,689

 
80

 
—

 
22,769

Income tax expense
5,782

 
26

 
—

 
5,808

Net income
$
16,907

 
$
54

 
$
—

 
$
16,961

Total assets
$
7,825,652

 
$
55,069

 
$
(48,110
)
 
$
7,832,611