| 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, 2015, 2014, and 2013 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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Year Ended December 31, 2015
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Net interest income
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$
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250,510
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$
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1,324
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$
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-
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$
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251,834
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Provision for credit losses
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9,450
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121
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-
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9,571
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Net interest income after provision for credit losses
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241,060
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1,203
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-
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242,263
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Noninterest income
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55,645
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10,044
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(682)
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65,007
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Noninterest expenses
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205,993
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11,571
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(682)
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216,882
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Income (loss) before income taxes
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90,712
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(324)
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-
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90,388
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Income tax expense (benefit)
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23,431
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(122)
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-
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23,309
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Net income (loss)
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$
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67,281
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$
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(202)
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$
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-
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$
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67,079
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Total assets
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$
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7,690,132
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$
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57,900
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$
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(54,741)
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$
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7,693,291
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Year Ended December 31, 2014
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Net interest income
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$
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253,956
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$
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1,062
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$
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-
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$
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255,018
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Provision for credit losses
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7,800
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-
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-
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7,800
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Net interest income after provision for credit losses
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246,156
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1,062
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-
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247,218
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Noninterest income
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51,878
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10,091
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(682)
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61,287
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Noninterest expenses
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222,311
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16,587
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(682)
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238,216
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Income (loss) before income taxes
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75,723
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(5,434)
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-
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70,289
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Income tax expense (benefit)
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20,061
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(1,936)
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-
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18,125
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Net income (loss)
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$
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55,662
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$
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(3,498)
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$
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-
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$
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52,164
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Total assets
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$
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7,354,058
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$
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51,485
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$
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(46,900)
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$
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7,358,643
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Year Ended December 31, 2013
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Net interest income
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$
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149,975
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$
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1,651
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$
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-
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$
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151,626
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Provision for credit losses
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6,056
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-
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-
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6,056
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Net interest income after provision for credit losses
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143,919
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1,651
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-
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145,570
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Noninterest income
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27,492
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11,906
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(670)
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38,728
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Noninterest expenses
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120,014
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17,703
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(670)
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137,047
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Income (loss) before income taxes
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51,397
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(4,146)
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-
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47,251
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Income tax expense (benefit)
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14,372
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(1,487)
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-
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12,885
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Net income (loss)
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$
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37,025
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$
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(2,659)
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$
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-
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$
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34,366
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Total assets
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$
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4,170,464
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$
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63,715
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$
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(57,826)
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$
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4,176,353
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