Segment information (Tables)

6 Months Ended

Jun. 30, 2012

Segment information [Abstract]

Information about the Company's segments

	Three months ended June 30
	2012									2011
	Total revenues (a)			Inter- segment revenues			Net income (loss)			Total revenues (a)		Inter- segment revenues			Net income (loss)
	(in thousands)
Business Banking	$	109,318			1,099			37,085			104,012		971			26,584
Commercial Banking		248,754			1,731			99,623			228,564		1,190			95,111
Commercial Real Estate		168,083			396			80,498			134,066		448			65,058
Discretionary Portfolio		(11,807	)		(20,616	)		(14,757	)		112,383		(4,419	)		58,362
Residential Mortgage Banking		109,995			37,455			25,994			58,305		8,699			5,966
Retail Banking		313,994			3,198			58,191			311,484		2,967			54,645
All Other		101,296			(23,263	)		(53,254	)		139,044		(9,856	)		16,632
Total	$	1,039,633			—			233,380			1,087,858		—			322,358

	Six months ended June 30
	2012									2011
	Total revenues (a)			Inter- segment revenues			Net income (loss)			Total revenues (a)		Inter- segment revenues			Net income (loss)
	(in thousands)
Business Banking	$	221,294			2,191			72,418		$	203,789		1,933			52,884
Commercial Banking		486,216			3,271			202,719			442,176		2,356			183,442
Commercial Real Estate		321,627			829			149,129			259,372		804			114,068
Discretionary Portfolio		(12,967	)		(35,397	)		(22,998	)		154,866		(12,206	)		74,489
Residential Mortgage Banking		203,037			71,896			49,511			116,153		19,006			10,751
Retail Banking		620,842			6,090			106,848			606,532		5,954			107,371
All Other		196,696			(48,880	)		(117,784	)		188,194		(17,847	)		(14,374	)
Total	$	2,036,745			—			439,843		$	1,971,082		—			528,631

Summary of segment information

	Average total assets
	Six months ended June 30				Year ended December 31
	2012		2011		2011
	(in millions)
Business Banking	$	4,932		4,861		5,192
Commercial Banking		19,455		16,856		17,650
Commercial Real Estate		16,316		14,227		15,025
Discretionary Portfolio		16,136		14,012		14,170
Residential Mortgage Banking		2,200		1,940		1,958
Retail Banking		11,791		11,776		11,940
All Other		8,226		6,590		8,042
Total	$	79,056		70,262		73,977

(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 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 $6,645,000 and $6,468,000 for the three-month periods ended June 30, 2012 and 2011, respectively, and $13,350,000 and $12,795,000 for the six-month periods ended June 30, 2012 and 2011, 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.