SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2016
SEGMENT INFORMATION  
SEGMENT INFORMATION

Note 24 – Segment Information

Our business segments are defined as Banking, Commercial FHA Origination and Servicing, and Other. The reportable business segments are consistent with the internal reporting and evaluation of the principle lines of business of the Company. The banking segment provides a wide range of financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products; commercial equipment leasing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services; and corporate treasury management services. The commercial FHA origination and servicing segment provides for the origination and servicing of government sponsored mortgages for multifamily and healthcare facilities. The other segment includes the operating results of the parent company, our wealth management business unit, our captive insurance business unit, and the elimination of intercompany transactions. Wealth management activities consist of trust and fiduciary services, brokerage and retirement planning services. 

Selected business segment financial information as of and for the years ended December 31, 2016, 2015 and 2014 were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Commercial FHA

    

 

 

    

 

 

 

 

 

 

 

 

Origination and

 

 

 

 

 

 

 

 

 

Banking

 

Servicing

 

Other

 

Total

 

December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$
109,950

 

$
1,003

 

$
(5,699)

 

$
105,254

 

Provision for loan losses

 

 
5,591

 

 

 —

 

 

 —

 

 
5,591

 

Noninterest income

 

 
47,646

 

 
22,979

 

 
1,432

 

 
72,057

 

Noninterest expense

 

 
100,062

 

 
15,104

 

 
6,132

 

 
121,298

 

Income (loss) before income taxes (benefit)

 

 
51,943

 

 
8,878

 

 
(10,399)

 

 
50,422

 

Income taxes (benefit)

 

 
17,129

 

 
3,332

 

 
(1,572)

 

 
18,889

 

Net income (loss)

 

$
34,814

 

$
5,546

 

$
(8,827)

 

$
31,533

 

Total assets

 

$
3,225,765

 

$
129,943

 

$
(121,985)

 

$
3,233,723

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$
107,825

 

$
1,762

 

$
(4,680)

 

$
104,907

 

Provision for loan losses

 

 
11,127

 

 

 —

 

 

 —

 

 
11,127

 

Noninterest income

 

 
34,751

 

 
20,148

 

 
4,583

 

 
59,482

 

Noninterest expense

 

 
95,712

 

 
16,232

 

 
5,820

 

 
117,764

 

Income (loss) before income taxes (benefit)

 

 
35,737

 

 
5,678

 

 
(5,917)

 

 
35,498

 

Income taxes (benefit)

 

 
10,626

 

 
2,271

 

 
(1,806)

 

 
11,091

 

Net income (loss)

 

$
25,111

 

$
3,407

 

$
(4,111)

 

$
24,407

 

Total assets

 

$
2,886,539

 

$
89,242

 

$
(90,957)

 

$
2,884,824

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$
66,449

 

$

 —

 

$
(1,851)

 

$
64,598

 

Provision for loan losses

 

 
92

 

 

 —

 

 

 —

 

 
92

 

Noninterest income

 

 
13,343

 

 

 —

 

 
7,098

 

 
20,441

 

Noninterest expense

 

 
63,351

 

 

 —

 

 
6,129

 

 
69,480

 

Income (loss) before income taxes (benefit)

 

 
16,349

 

 

 —

 

 
(882)

 

 
15,467

 

Income taxes (benefit)

 

 
5,181

 

 

 —

 

 
(530)

 

 
4,651

 

Net income (loss)

 

$
11,168

 

$

 —

 

$
(352)

 

$
10,816

 

Total assets

 

$
2,710,476

 

$
119,649

 

$
(153,511)

 

$
2,676,614