XML 23 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
Business Segments
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Business Segments
Business Segments
 
We operate in two reportable business segments: Community Banking and Consumer Finance.  The Community Banking segment provides services traditionally offered by full-service community banks, including business and personal deposit accounts and business and personal loans, as well as insurance, brokerage and investment management and trust services.  The Consumer Finance segment, which is comprised of Northwest Consumer Discount Company, a subsidiary of Northwest, operates 51 offices in Pennsylvania and offers personal installment loans for a variety of consumer and real estate products.  This activity is funded primarily through an intercompany borrowing relationship with Allegheny Services, Inc., a subsidiary of Northwest.  Net income is the primary measure used by management to measure segment performance.  The following tables provide financial information for these reportable segments.  The “All Other” column represents the parent company and elimination entries necessary to reconcile to the consolidated amounts presented in the financial statements.

At or for the quarter ended (in thousands): 
 
 
Community
 
Consumer
 
 
 
 
September 30, 2016
 
Banking
 
Finance
 
All other (1)
 
Consolidated
External interest income
 
$
81,597

 
4,264

 
239

 
86,100

Intersegment interest income/ expense
 
645

 

 
(645
)
 

Interest expense
 
6,338

 
645

 
471

 
7,454

Provision for loan losses
 
4,276

 
1,262

 

 
5,538

Noninterest income
 
20,424

 
372

 
22

 
20,818

Noninterest expense
 
71,932

 
2,908

 
192

 
75,032

Income tax expense (benefit)
 
5,147

 
(74
)
 
(376
)
 
4,697

Net income
 
$
14,973

 
(105
)
 
(671
)
 
14,197

Total assets
 
$
9,590,487

 
109,601

 
14,519

 
9,714,607

 
 
 
Community
 
Consumer
 
 
 
 
September 30, 2015
 
Banking
 
Finance
 
All other (1)
 
Consolidated
External interest income
 
$
76,357

 
4,517

 
217

 
81,091

Intersegment interest income/ expense
 
618

 

 
(618
)
 

Interest expense
 
12,991

 
618

 
541

 
14,150

Provision for loan losses
 
2,666

 
501

 

 
3,167

Noninterest income
 
17,756

 
362

 
22

 
18,140

Noninterest expense
 
59,793

 
3,151

 
860

 
63,804

Income tax expense (benefit)
 
5,617

 
250

 
(629
)
 
5,238

Net income
 
$
13,664

 
359

 
(1,151
)
 
12,872

Total assets
 
$
8,805,421

 
111,109

 
18,378

 
8,934,908

(1)
Eliminations consist of intercompany loans, interest income and interest expense.

At or for the nine months ended (in thousands): 
 
 
Community
 
Consumer
 
 
 
 
September 30, 2016
 
Banking
 
Finance
 
All other (1)
 
Consolidated
External interest income
 
$
244,572

 
12,831

 
689

 
258,092

Intersegment interest income
 
1,918

 

 
(1,918
)
 

Interest expense
 
27,943

 
1,918

 
1,347

 
31,208

Provision for loan losses
 
8,854

 
2,543

 

 
11,397

Noninterest income
 
59,278

 
1,152

 
111

 
60,541

Noninterest expense
 
231,983

 
8,715

 
870

 
241,568

Income tax expense (benefit)
 
10,144

 
335

 
(1,192
)
 
9,287

Net income
 
$
26,844

 
472

 
(2,143
)
 
25,173

Total assets
 
$
9,590,487

 
109,601

 
14,519

 
9,714,607

 
 
Community
 
Consumer
 
 
 
 
September 30, 2015
 
Banking
 
Finance
 
All other (1)
 
Consolidated
External interest income
 
$
219,961

 
13,339

 
641

 
233,941

Intersegment interest income
 
1,775

 

 
(1,775
)
 

Interest expense
 
38,660

 
1,775

 
1,406

 
41,841

Provision for loan losses
 
3,766

 
1,351

 

 
5,117

Noninterest income
 
48,162

 
1,043

 
85

 
49,290

Noninterest expense
 
161,915

 
9,185

 
1,550

 
172,650

Income tax expense (benefit)
 
19,835

 
859

 
(1,418
)
 
19,276

Net income
 
$
45,722

 
1,212

 
(2,587
)
 
44,347

Total assets
 
$
8,805,421

 
111,109

 
18,378

 
8,934,908

(1)
Eliminations consist of intercompany loans, interest income and interest expense.