Segment information (Tables)

9 Months Ended

Sep. 30, 2011

Segment information [Abstract]

Information about the Company's segments

Information about the Company’s segments is presented in the following table:

	Three months ended September 30
	2011								2010
	Total revenues(a)		Inter- segment revenues			Net income (loss)			Total revenues(a)		Inter- segment revenues			Net income (loss)
	(in thousands)
Business Banking	$	110,627		957			31,237			103,475		290			24,295
Commercial Banking		230,023		1,318			93,783			199,139		282			71,567
Commercial Real Estate		152,878		410			65,566			118,666		104			53,727
Discretionary Portfolio		16,437		(3,968	)		2,077			12,493		(2,733	)		(2,759	)
Residential Mortgage Banking		67,757		25,012			10,805			73,744		9,419			9,408
Retail Banking		314,113		2,583			43,947			302,656		2,632			55,572
All Other		93,266		(26,312	)		(64,307	)		49,594		(9,994	)		(19,795	)
Total	$	985,101		—			183,108			859,767		—			192,015
	Nine months ended September 30
	2011								2010
	Total revenues(a)		Inter- segment revenues			Net income (loss)			Total revenues(a)		Inter- segment revenues			Net income (loss)
	(in thousands)
Business Banking	$	314,416		2,890			84,121			307,881		290			76,191
Commercial Banking		672,199		3,674			277,225			586,120		282			230,047
Commercial Real Estate		412,250		1,214			179,634			338,566		161			141,147
Discretionary Portfolio		171,303		(16,174	)		76,566			5,840		(7,980	)		(22,994	)
Residential Mortgage Banking		183,910		44,018			21,556			202,627		26,492			9,536
Retail Banking		920,645		8,537			151,318			925,769		8,009			181,689
All Other		281,460		(44,159	)		(78,681	)		147,788		(27,254	)		(83,897	)
Total	$	2,956,183		—			711,739			2,514,591		—			531,719

Summary of segment information

	Average total assets .
	Nine months ended September 30				Year ended December 31
	2011		2010		2010
	(in millions)
Business Banking	$	4,995		4,850		4,843
Commercial Banking		17,397		15,460		15,461
Commercial Real Estate		14,730		13,198		13,194
Discretionary Portfolio		13,844		14,658		14,690
Residential Mortgage Banking		1,913		2,189		2,217
Retail Banking		11,904		12,133		12,079
All Other		7,706		5,851		5,896
Total	$	72,489		68,339		68,380

(a) Total revenues are comprised of net interest income and other income. Net interest income is the difference between taxable-equivalent interest earned on assets and interest paid on liabilities owed by a segment and a funding charge (credit) based on the Company’s internal funds transfer and allocation methodology. Segments are charged a cost to fund any assets (e.g. loans) and are paid a funding credit for any funds provided (e.g. deposits). The taxable-equivalent adjustment aggregated $6,546,000 and $5,865,000 for the three-month periods ended September 30, 2011 and 2010, respectively, and $19,341,000 and $17,893,000 for the nine-month periods ended September 30, 2011 and 2010, respectively, and is eliminated in “All Other” total revenues. Intersegment revenues are included in total revenues of the reportable segments. The elimination of intersegment revenues is included in the determination of “All Other” total revenues.