Annual report pursuant to Section 13 and 15(d)

SEGMENT REPORTING DISCLOSURES (Tables)

v2.4.0.8
SEGMENT REPORTING DISCLOSURES (Tables)
12 Months Ended
Dec. 31, 2013
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 years ended December 31, 2013, 2012, and 2011 is as follows (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Community Bank

 

Mortgage

 

Eliminations

 

Consolidated

For the Year Ended December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

Net interest income

$

149,975 

 

$

1,651 

 

$

 -

 

$

151,626 

Provision for loan losses

 

6,056 

 

 

 -

 

 

 -

 

 

6,056 

Net interest income after provision for loan losses

 

143,919 

 

 

1,651 

 

 

 -

 

 

145,570 

Noninterest income

 

27,492 

 

 

11,906 

 

 

(670)

 

 

38,728 

Noninterest expenses

 

120,256 

 

 

17,703 

 

 

(670)

 

 

137,289 

Income before income taxes

 

51,155 

 

 

(4,146)

 

 

 -

 

 

47,009 

Income tax expense

 

14,000 

 

 

(1,487)

 

 

 -

 

 

12,513 

Net income

$

37,155 

 

$

(2,659)

 

$

 -

 

$

34,496 

Total assets

$

4,170,682 

 

$

63,715 

 

$

(57,826)

 

$

4,176,571 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

Net interest income

$

153,024 

 

$

1,331 

 

$

 -

 

$

154,355 

Provision for loan losses

 

12,200 

 

 

 -

 

 

 -

 

 

12,200 

Net interest income after provision for loan losses

 

140,824 

 

 

1,331 

 

 

 -

 

 

142,155 

Noninterest income

 

24,876 

 

 

16,660 

 

 

(468)

 

 

41,068 

Noninterest expenses

 

119,976 

 

 

13,971 

 

 

(468)

 

 

133,479 

Income before income taxes

 

45,724 

 

 

4,020 

 

 

 -

 

 

49,744 

Income tax expense

 

12,858 

 

 

1,475 

 

 

 -

 

 

14,333 

Net income

$

32,866 

 

$

2,545 

 

$

 -

 

$

35,411 

Total assets

$

4,081,544 

 

$

187,836 

 

$

(173,515)

 

$

4,095,865 

 

 

 

 

 

 

 

 

 

 

 

 

For the Year Ended December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

Net interest income

$

155,045 

 

$

1,315 

 

$

 -

 

$

156,360 

Provision for loan losses

 

16,800 

 

 

 -

 

 

 -

 

 

16,800 

Net interest income after provision for loan losses

 

138,245 

 

 

1,315 

 

 

 -

 

 

139,560 

Noninterest income

 

22,382 

 

 

11,050 

 

 

(468)

 

 

32,964 

Noninterest expenses

 

121,490 

 

 

9,793 

 

 

(468)

 

 

130,815 

Income before income taxes

 

39,137 

 

 

2,572 

 

 

 -

 

 

41,709 

Income tax expense

 

10,304 

 

 

960 

 

 

 -

 

 

11,264 

Net income

$

28,833 

 

$

1,612 

 

$

 -

 

$

30,445 

Total assets

$

3,904,013 

 

$

84,445 

 

$

(81,371)

 

$

3,907,087