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Segment information (Tables)
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Information about Company's Segments

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

 

     Three months ended March 31  
     2014     2013  
     Total
revenues(a)
     Inter-
segment
revenues
    Net
income
(loss)
    Total
revenues(a)
     Inter-
segment
revenues
    Net
income
(loss)
 
     (in thousands)  

Business Banking

   $ 102,299         1,057        28,598      $ 105,418         1,194        32,561   

Commercial Banking

     248,586         1,197        99,765        249,850         1,350        107,387   

Commercial Real Estate

     158,360         348        74,561        165,293         1,552        76,508   

Discretionary Portfolio

     24,657         (5,039     11,279        12,041         (8,601     1,846   

Residential Mortgage Banking

     94,588         9,748        19,411        119,899         18,698        34,361   

Retail Banking

     261,888         3,505        29,711        291,185         3,257        52,350   

All Other

     186,162         (10,816     (34,308     145,246         (17,450     (30,900
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Total

   $ 1,076,540         —          229,017      $ 1,088,932         —          274,113   
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

 

Summary of Segment Information


     Average total assets  
     Three months ended
March 31
    

Year ended

December 31

 
     2014      2013      2013  
     (in millions)  

Business Banking

   $ 5,242         4,980         5,080   

Commercial Banking

     22,523         21,272         21,655   

Commercial Real Estate

     16,937         17,054         17,150   

Discretionary Portfolio

     18,581         16,585         16,480   

Residential Mortgage Banking

     3,157         2,847         2,858   

Retail Banking

     10,155         11,391         10,997   

All Other

     10,070         7,784         9,442   
  

 

 

    

 

 

    

 

 

 

Total

   $ 86,665         81,913         83,662   
  

 

 

    

 

 

    

 

 

 

 

(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 pricing 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 $5,945,000 and $6,450,000 for the three-month periods ended March 31, 2014 and 2013, 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.