Segment and Related Information
 12 Months Ended
Dec. 31, 2013
Segments and Related Information [Abstract]  
Segments and Related Information
20)Segment Reporting
 
Selected financial and descriptive information is required to be provided about reportable operating segments, considering a "management approach" concept as the basis for identifying reportable segments. The management approach is based on the way that management organizes the segments within the enterprise for making operating decisions, allocating resources, and assessing performance. Consequently, the segments are evident from the structure of the enterprise's internal organization, focusing on financial information that an enterprise's chief operating decision-makers use to make decisions about the enterprise's operating matters.

The Company has determined that it has two reportable segments: community banking and mortgage banking. The Company's operating segments are presented based on its management structure and management accounting practices. The structure and practices are specific to the Company and therefore, the financial results of the Company's business segments are not necessarily comparable with similar information for other financial institutions.

Community Banking

The Community Banking segment provides consumer and business banking products and services to customers primarily within Southeastern Wisconsin. Consumer products include loan and deposit products:  mortgage, home equity loans and lines, personal term loans, demand deposit accounts, interest bearing transaction accounts and time deposits.  Business banking products include secured and unsecured lines and term loans for working capital, inventory and general corporate use, commercial real estate construction loans, demand deposit accounts, interest bearing transaction accounts and time deposits.

Mortgage Banking

The Mortgage Banking segment provides residential mortgage loans for the purpose of sale on the secondary market.  Mortgage banking products and services are provided by offices in 22 states.


 
 
 
As of or for the Year ended December 31, 2013
 
 
 
Community
Banking
  
Mortgage
Banking
  
Holding
Company and
Other
  
Consolidated
 
 
 
(in thousands)
 
Net interest income
 
$
38,148
   
557
   
501
   
39,206
 
Provision for loan losses
  
4,472
   
60
   
-
   
4,532
 
Net interest income after provision for loan losses
  
33,676
   
497
   
501
   
34,674
 
 
                
Noninterest income
  
3,134
   
84,879
   
(214
)
  
87,799
 
 
                
Noninterest expenses:
                
Compensation, payroll taxes, and other employee benefits
  
13,526
   
55,484
   
(203
)
  
68,807
 
Occupancy, office furniture, and equipment
  
3,052
   
5,194
   
(81
)
  
8,165
 
FDIC insurance premiums
  
1,986
   
-
   
-
   
1,986
 
Real estate owned
  
255
   
-
   
-
   
255
 
Other
  
4,197
   
15,565
   
169
   
19,931
 
Total noninterest expenses
  
23,016
   
76,243
   
(115
)
  
99,144
 
Income before income taxes
  
13,794
   
9,133
   
402
   
23,329
 
Income taxes
  
4,777
   
3,682
   
162
   
8,621
 
Net income
 
$
9,017
   
5,451
   
240
   
14,708
 
 
                
Total Assets
 
$
1,895,833
   
119,401
   
(68,195
)
  
1,947,039
 


 
 
As of or for the Year ended December 31, 2012
 
 
 
Community
Banking
  
Mortgage
Banking
  
Holding
Company and
Other
  
Consolidated
 
 
 
(in thousands)
 
Net interest income
 
$
40,973
   
470
   
502
   
41,945
 
Provision for loan losses
  
8,250
   
50
   
-
   
8,300
 
Net interest income after provision for loan losses
  
32,723
   
420
   
502
   
33,645
 
 
                
Noninterest income
  
3,259
   
87,944
   
-
   
91,203
 
 
                
Noninterest expenses:
                
Compensation, payroll taxes, and other employee benefits
  
13,424
   
50,748
   
(665
)
  
63,507
 
Occupancy, office furniture and equipment
  
3,112
   
3,856
   
-
   
6,968
 
FDIC insurance premiums
  
3,390
   
-
   
-
   
3,390
 
Real estate owned
  
8,746
   
-
   
-
   
8,746
 
Other
  
4,728
   
14,517
   
282
   
19,527
 
Total noninterest expenses
  
33,400
   
69,121
   
(383
)
  
102,138
 
Income before income taxes (benefit)
  
2,582
   
19,243
   
885
   
22,710
 
Income taxes (benefit)
  
(19,347
)
  
7,724
   
(581
)
  
(12,204
)
Net income
 
$
21,929
   
11,519
   
1,466
   
34,914
 
 
                
Total Assets
 
$
1,589,314
   
147,699
   
(75,937
)
  
1,661,076
 
  
 
 
As of or for the Year ended December 31, 2011
 
 
 
Community
Banking
  
Mortgage
Banking
  
Holding
Company and
Other
  
Consolidated
 
 
 
(in thousands)
 
 
 
  
  
  
 
Net interest income
 
$
45,611
   
406
   
499
   
46,516
 
Provision for loan losses
  
21,960
   
117
   
-
   
22,077
 
Net interest income after provision for loan losses
  
23,651
   
289
   
499
   
24,439
 
 
                
Noninterest income
  
2,431
   
40,798
   
-
   
43,229
 
 
                
Noninterest expenses:
                
Compensation, payroll taxes, and other employee benefits
  
13,006
   
26,929
   
(776
)
  
39,159
 
Occupancy, office furniture and equipment
  
3,262
   
3,226
   
-
   
6,488
 
FDIC insurance premiums
  
3,814
   
-
   
-
   
3,814
 
Real estate owned
  
12,140
   
-
   
-
   
12,140
 
Other
  
4,598
   
7,883
   
497
   
12,978
 
Total noninterest expenses
  
36,820
   
38,038
   
(279
)
  
74,579
 
Income (loss) before income taxes (benefit)
  
(10,738
)
  
3,049
   
778
   
(6,911
)
Income taxes (benefit)
  
(833
)
  
1,395
   
-
   
562
 
Net income (loss)
 
$
(9,905
)
  
1,654
   
778
   
(7,473
)
 
                
Total Assets
 
$
1,669,231
   
100,177
   
(56,557
)
  
1,712,851