| Information About Reportable Segments and Reconciliation |
Information about reportable segments and reconciliation of such information to the consolidated financial statements for three and nine months ended September 30, 2013 and 2012 is as follows (dollars in thousands):
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UNION FIRST MARKET BANKSHARES CORPORATION AND SUBSIDIARIES
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SEGMENT FINANCIAL INFORMATION
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(Dollars in thousands)
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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 September 30, 2013
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Net interest income
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$
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37,465
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$
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393
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$
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-
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$
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37,858
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Provision for loan losses
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1,800
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-
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-
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1,800
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Net interest income after provision for loan losses
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35,665
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393
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-
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36,058
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Noninterest income
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7,322
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2,062
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(168)
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9,216
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Noninterest expenses
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29,904
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4,396
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(168)
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34,132
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Income before income taxes
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13,083
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(1,941)
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-
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11,142
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Income tax expense
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3,902
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(706)
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-
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3,196
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Net income
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$
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9,181
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$
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(1,235)
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$
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-
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$
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7,946
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Total assets
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$
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4,041,661
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$
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69,010
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$
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(63,563)
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$
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4,047,108
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Three Months Ended September 30, 2012
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Net interest income
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$
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38,428
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$
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334
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$
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-
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$
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38,762
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Provision for loan losses
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2,400
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-
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-
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2,400
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Net interest income after provision for loan losses
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36,028
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334
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-
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36,362
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Noninterest income
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5,863
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4,756
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(117)
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10,502
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Noninterest expenses
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29,709
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3,676
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(117)
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33,268
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Income before income taxes
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12,182
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1,414
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-
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13,596
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Income tax expense
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3,415
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555
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-
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3,970
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Net income
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$
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8,767
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$
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859
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$
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-
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$
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9,626
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Total assets
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$
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4,020,661
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$
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154,181
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$
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(146,649)
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$
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4,028,193
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Nine Months Ended September 30, 2013
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Net interest income
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$
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111,612
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$
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1,402
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$
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-
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$
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113,014
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Provision for loan losses
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4,850
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-
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-
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4,850
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Net interest income after provision for loan losses
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106,762
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1,402
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-
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108,164
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Noninterest income
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20,266
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10,586
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(503)
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30,349
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Noninterest expenses
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89,242
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13,176
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(503)
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101,915
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Income before income taxes
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37,786
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(1,188)
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-
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36,598
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Income tax expense
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10,633
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(427)
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-
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10,206
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Net income
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$
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27,153
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$
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(761)
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$
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-
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$
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26,392
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Total assets
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$
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4,041,661
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$
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69,010
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$
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(63,563)
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$
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4,047,108
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Nine Months Ended September 30, 2012
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Net interest income
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$
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114,258
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$
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938
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$
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-
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$
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115,196
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Provision for loan losses
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8,900
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-
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-
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8,900
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Net interest income after provision for loan losses
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105,358
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938
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-
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106,296
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Noninterest income
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18,228
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11,356
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(352)
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29,232
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Noninterest expenses
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89,780
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9,715
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(352)
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99,143
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Income before income taxes
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33,806
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2,579
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-
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36,385
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Income tax expense
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9,400
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1,016
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-
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10,416
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Net income
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$
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24,406
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$
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1,563
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$
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-
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$
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25,969
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Total assets
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$
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4,020,661
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$
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154,181
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$
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(146,649)
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$
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4,028,193
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