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Segment information (Tables)
6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Information about Company's Segments

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

 

 

Three Months Ended June 30

 

 

 

2021

 

 

2020

 

 

 

Total

Revenues(a)

 

 

Inter-

segment

Revenues

 

 

Net

Income

(Loss)

 

 

Total

Revenues(a)

 

 

Inter-

segment

Revenues

 

 

Net

Income

(Loss)

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Banking

 

$

145,098

 

 

 

794

 

 

 

41,607

 

 

$

138,086

 

 

 

144

 

 

 

37,563

 

Commercial Banking

 

 

284,659

 

 

 

1,012

 

 

 

111,035

 

 

 

287,525

 

 

 

249

 

 

 

111,030

 

Commercial Real Estate

 

 

200,559

 

 

 

230

 

 

 

86,690

 

 

 

227,113

 

 

 

60

 

 

 

107,083

 

Discretionary Portfolio

 

 

118,307

 

 

 

(10,079

)

 

 

78,532

 

 

 

138,827

 

 

 

(9,861

)

 

 

95,691

 

Residential Mortgage Banking

 

 

146,682

 

 

 

22,875

 

 

 

30,103

 

 

 

142,045

 

 

 

21,016

 

 

 

37,400

 

Retail Banking

 

 

350,988

 

 

 

281

 

 

 

89,200

 

 

 

353,521

 

 

 

267

 

 

 

86,498

 

All Other

 

 

209,680

 

 

 

(15,113

)

 

 

20,902

 

 

 

157,293

 

 

 

(11,875

)

 

 

(234,211

)

Total

 

$

1,455,973

 

 

 

 

 

 

458,069

 

 

$

1,444,410

 

 

 

 

 

 

241,054

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30

 

 

 

2021

 

 

2020

 

 

 

Total

Revenues(a)

 

 

Inter-

segment

Revenues

 

 

Net

Income

(Loss)

 

 

Total

Revenues(a)

 

 

Inter-

segment

Revenues

 

 

Net

Income

(Loss)

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Banking

 

$

301,001

 

 

 

1,463

 

 

 

87,878

 

 

$

275,919

 

 

 

1,029

 

 

 

70,489

 

Commercial Banking

 

 

570,571

 

 

 

1,821

 

 

 

233,673

 

 

 

579,301

 

 

 

1,302

 

 

 

254,762

 

Commercial Real Estate

 

 

401,402

 

 

 

452

 

 

 

157,962

 

 

 

450,418

 

 

 

469

 

 

 

224,491

 

Discretionary Portfolio

 

 

252,851

 

 

 

(20,106

)

 

 

169,078

 

 

 

188,046

 

 

 

(22,898

)

 

 

121,359

 

Residential Mortgage Banking

 

 

300,442

 

 

 

45,058

 

 

 

79,714

 

 

 

267,606

 

 

 

42,433

 

 

 

62,016

 

Retail Banking

 

 

697,905

 

 

 

553

 

 

 

174,558

 

 

 

756,204

 

 

 

534

 

 

 

196,744

 

All Other

 

 

418,794

 

 

 

(29,241

)

 

 

2,455

 

 

 

433,081

 

 

 

(22,869

)

 

 

(419,985

)

Total

 

$

2,942,966

 

 

 

 

 

 

905,318

 

 

$

2,950,575

 

 

 

 

 

 

509,876

 

 

 

 

Average Total Assets

 

 

 

Six Months Ended June 30

 

 

Year Ended

December 31

 

 

 

2021

 

 

2020

 

 

2020

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Banking

 

$

8,681

 

 

 

7,235

 

 

 

8,152

 

Commercial Banking

 

 

29,927

 

 

 

30,603

 

 

 

30,338

 

Commercial Real Estate

 

 

25,999

 

 

 

25,340

 

 

 

25,792

 

Discretionary Portfolio

 

 

22,769

 

 

 

26,821

 

 

 

27,726

 

Residential Mortgage Banking

 

 

6,638

 

 

 

3,113

 

 

 

4,038

 

Retail Banking

 

 

17,444

 

 

 

16,039

 

 

 

16,438

 

All Other

 

 

37,948

 

 

 

19,362

 

 

 

22,996

 

Total

 

$

149,406

 

 

 

128,513

 

 

 

135,480

 

(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 $3,732,000 and $4,234,000 for the three-month periods ended June 30, 2021 and 2020, respectively, and $7,465,000 and $9,297,000 for the six-month periods ended June 30, 2021 and 2020, 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.