SEGMENT REPORTING

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 11 – SEGMENT REPORTING

The following tables present selected financial information with respect to the Company’s reportable business segments for the three- month periods ended September 30, 2014 and 2013:

	Three Months Ended September 30, 2014						Three Months Ended September 30, 2013
	Retail Banking		Mortgage Banking		Total		Retail Banking		Mortgage Banking		Total
	(Dollars in Thousands)
Net interest income	$	36,785	$	2,347	$	39,132	$	28,089	$	1,231	$	29,320
Provision for loan losses		994		675		1,669		2,920		—		2,920
Noninterest income		10,766		7,135		17,901		7,054		5,234		12,288
Noninterest expense:
Salaries and employee benefits		15,817		4,409		20,226		10,799		3,613		14,412
Equipment and occupancy expenses		4,301		368		4,669		3,029		120		3,149
Data processing and telecommunications expenses		3,622		306		3,928		2,908		164		30,72
Other expenses		8,887		869		9,756		7,473		643		8,116
Total noninterest expense		32,627		5,952		38,579		24,209		4,540		28,749
Income before income tax expense		13,930		2,855		16,785		8,014		1,925		9,939
Income tax expense		4,123		999		5,122		2,588		674		3,262
Net income		9,807		1,856		11,663		5,426		1,251		6,677
Less preferred stock dividends		—		—		—		443		—		443
Net income available to common shareholders	$	9,807	$	1,856	$	11,663	$	4,983	$	1,251	$	6,234
Total assets	$	3,772,050	$	227,358	$	3,999,408	$	2,707,200	$	111,302	$	2,818,502
Stockholders’ equity		309,904		43,926		353,830		250,863		39,493		290,356

The following tables present selected financial information with respect to the Company’s reportable business segments for the nine- month periods ended September 30, 2014 and 2013:

	Nine Months Ended September 30, 2014						Nine Months Ended September 30, 2013
	Retail Banking		Mortgage Banking		Total		Retail Banking		Mortgage Banking		Total
	(Dollars in Thousands)
Net interest income	$	104,094	$	4,786	$	108,880	$	84,372	$	2,762	$	87,134
Provision for loan losses		4,085		675		4,760		10,008		—		10,008
Noninterest income		27,173		19,301		46,474		20,333		14,699		35,032
Noninterest expense:
Salaries and employee benefits		42,648		11,914		54,562		32,314		9,285		41,599
Equipment and occupancy expenses		11,834		970		12,804		8,575		483		9,058
Data processing and telecommunications expenses		10,551		771		11,322		8,013		465		8,478
Other expenses		27,452		2,996		30,448		22,807		2,379		25,186
Total noninterest expense		92,485		16,651		109,136		71,709		12,612		84,321
Income before income tax expense		34,697		6,761		41,458		22,988		4,849		27,837
Income tax expense		10,949		2,366		13,315		7,500		1,697		9,197
Net income		23,748		4,395		28,143		15,488		3,152		18,640
Less preferred stock dividends		286		—		286		1,326		—		1,326
Net income available to common shareholders	$	23,462	$	4,395	$	27,857	$	14,162	$	3,152	$	17,314