Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING DISCLOSURES (Tables)

v3.8.0.1
SEGMENT REPORTING DISCLOSURES (Tables)
 3 Months Ended
Mar. 31, 2018
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, 2018 and 2017 is as follows (dollars in thousands):

UNION BANKSHARES CORPORATION AND SUBSIDIARIES
SEGMENT FINANCIAL INFORMATION
 
Community Bank
 
Mortgage
 
Eliminations
 
Consolidated
Three Months Ended March 31, 2018
 

 
 

 
 

 
 

Net interest income
$
103,314

 
$
433

 
$
—

 
$
103,747

Provision for credit losses
3,524

 
(24
)
 
—

 
3,500

Net interest income after provision for credit losses
99,790

 
457

 
—

 
100,247

Noninterest income
20,157

 
2,278

 
(126
)
 
22,309

Noninterest expenses
101,669

 
2,465

 
(126
)
 
104,008

Income before income taxes
18,278

 
270

 
—

 
18,548

Income tax expense
1,847

 
62

 
—

 
1,909

Net income
$
16,431

 
$
208

 
$
—

 
$
16,639

Total assets
$
13,140,316

 
$
100,587

 
$
(91,611
)
 
$
13,149,292

 
 
 
 
 
 
 
 
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