Segment Reporting

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Segment Reporting

NOTE 21 - SEGMENT REPORTING

The Company has two primary operating segments, Banking and Wealth Management, which are delineated by the products and services that each segment offers. The segments are evaluated separately on their individual performance, as well as their contribution to the Company as a whole.

The Banking operating segment consists of a full-service commercial bank, with locations in St. Louis, Kansas City, and Phoenix. The majority of the Company’s assets and income result from the Banking segment. All banking locations have the same product and service offerings, have similar types and classes of customers and utilize similar service delivery methods. Pricing guidelines and operating policies for products and services are the same across all regions.

The Banking operating segment also includes activities surrounding the assets acquired under FDIC loss share agreements. 

The Wealth Management segment includes the Trust division of the Bank and the state tax credit brokerage activities. The Trust division provides estate planning, investment management, and retirement planning as well as strategic planning and management succession issues. State tax credits are part of a fee initiative designed to augment the Company’s wealth management segment and banking lines of business.

The Company's Corporate and Intercompany activities represent the elimination of items between segments as well as Corporate related items that Management feels are not allocable to either of the two respective segments.

The financial information for each business segment reflects that information which is specifically identifiable or which is allocated based on an internal allocation method. There were no material intersegment revenues among the two segments. Management periodically makes changes to methods of assigning costs and income to its business segments to better reflect operating results. When appropriate, these changes are reflected in prior year information presented below.

SEGMENT REPORTING

The Company has two primary operating segments, Banking and Wealth Management, which are delineated by the products and services that each segment offers. The segments are evaluated separately on their individual performance, as well as their contribution to the Company as a whole.

The Banking operating segment consists of a full-service commercial bank, with locations in St. Louis, Kansas City, and Phoenix. The majority of the Company’s assets and income result from the Banking segment. All banking locations have the same product and service offerings, have similar types and classes of customers and utilize similar service delivery methods. Pricing guidelines and operating policies for products and services are the same across all regions.

The Banking operating segment also includes activities surrounding the assets acquired under FDIC loss share agreements. 

The Wealth Management segment includes the Trust division of the Bank and the state tax credit brokerage activities. The Trust division provides estate planning, investment management, and retirement planning as well as strategic planning and management succession issues. State tax credits are part of a fee initiative designed to augment the Company’s wealth management segment and banking lines of business.

The Company's Corporate and Intercompany activities represent the elimination of items between segments as well as Corporate related items that Management feels are not allocable to either of the two respective segments.

The financial information for each business segment reflects that information which is specifically identifiable or which is allocated based on an internal allocation method. There were no material intersegment revenues among the two segments. Management periodically makes changes to methods of assigning costs and income to its business segments to better reflect operating results. When appropriate, these changes are reflected in prior year information presented below.

Following are the financial results for the Company’s operating segments:

	At or for the years ended December 31,
(in thousands)	Banking			Wealth Management			Corporate and Intercompany			Total
	2012
Net interest income (expense)	$	146,726		$	(652	)	$	(3,777	)	$	142,297
Provision for loan losses	22,790			—			—			22,790
Noninterest income	(834		)	9,506			412			9,084
Noninterest expense	73,500			7,716			5,461			86,677
Income (loss) before income tax expense (benefit)	49,602			1,138			(8,826		)	41,914
Total assets	3,195,096			112,020			18,670			3,325,786
	2011
Net interest income (expense)	$	118,063		$	(1,245	)	$	(4,133	)	$	112,685
Provision for loan losses	16,103			—			—			16,103
Noninterest income	7,526			10,486			496			18,508
Noninterest expense	66,548			7,236			3,934			77,718
Income (loss) before income tax expense (benefit)	42,938			2,005			(7,571		)	37,372
Total assets	3,278,328			90,068			9,383			3,377,779
	2010
Net interest income (expense)	$	89,972		$	(1,430	)	$	(4,559	)	$	83,983
Provision for loan losses	33,735			—			—			33,735
Noninterest income	9,528			8,664			168			18,360
Noninterest expense	50,877			7,516			3,819			62,212
Income (loss) before income tax expense (benefit)	14,888			(282		)	(8,210		)	6,396
Total assets	2,683,937			102,122			14,140			2,800,199