Segment information (Tables)

3 Months Ended

Mar. 31, 2018

Summary of Reclassified Segment Information on Comparable Basis

The financial information of the Company's segments was compiled utilizing the accounting policies described in note 22 of Notes to Financial Statements in the 2017 Annual Report. The management accounting policies and processes utilized in compiling segment financial information are highly subjective and, unlike financial accounting, are not based on authoritative guidance similar to GAAP. As a result, the financial information of the reported segments is not necessarily comparable with similar information reported by other financial institutions. Furthermore, changes in management structure or allocation methodologies and procedures may result in changes in reported segment financial data. During the second quarter of 2017 the Company revised its funds transfer pricing allocation related to certain deposit categories. As a result, financial information for the first quarter of 2017 has been reclassified to provide segment information on a comparable basis, as noted in the following table.

13. Segment information, continued

	Three Months Ended March 31,2017
	Total Revenues as Previously Reported		Impact of Changes			Total Revenues as Reclassified		Net Income (Loss) as Previously Reported			Impact of Changes			Net Income (Loss) as Reclassified
	(In thousands)

Business Banking	$	115,981		4,352			120,333	$	22,407			2,581			24,988
Commercial Banking		273,845		63			273,908		112,750			37			112,787
Commercial Real Estate		195,125		—			195,125		84,547			—			84,547
Discretionary Portfolio		78,946		—			78,946		33,945			—			33,945
Residential Mortgage Banking		93,708		(8,307	)		85,401		14,844			(4,927	)		9,917
Retail Banking		361,237		7,281			368,518		81,873			4,318			86,191
All Other		242,263		(3,389	)		238,874		(1,439	)		(2,009	)		(3,448	)
Total	$	1,361,105		—			1,361,105	$	348,927			—			348,927

Information about Company's Segments

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

	Three Months Ended March 31
	2018								2017
	Total Revenues(a)		Inter- segment Revenues			Net Income (Loss)			Total Revenues(a)		Inter- segment Revenues			Net Income (Loss)
	(In thousands)

Business Banking	$	127,884		918			37,718		$	120,333		911			24,988
Commercial Banking		266,396		850			125,465			273,908		920			112,787
Commercial Real Estate		202,607		340			108,303			195,125		407			84,547
Discretionary Portfolio		50,038		(10,832	)		19,739			78,946		(12,927	)		33,945
Residential Mortgage Banking		82,458		15,421			14,946			85,401		18,211			9,917
Retail Banking		393,476		2,865			123,380			368,518		3,047			86,191
All Other		311,354		(9,562	)		(76,941	)		238,874		(10,569	)		(3,448	)
Total	$	1,434,213		—			352,610		$	1,361,105		—			348,927

13. Segment information, continued

	Average Total Assets
	Three Months Ended March 31				Year Ended December 31
	2018		2017		2017
	(In millions)

Business Banking	$	5,681		5,596		5,602
Commercial Banking		26,482		26,723		26,573
Commercial Real Estate		22,811		22,977		22,741
Discretionary Portfolio		34,095		38,731		37,203
Residential Mortgage Banking		2,278		2,426		2,355
Retail Banking		13,377		12,204		12,702
All Other		12,960		14,321		13,684
Total	$	117,684		122,978		120,860

(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 $4,809,000 and $7,999,000 for the three-month periods ended March 31, 2018 and 2017, 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.