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Segment information (Tables)
3 Months Ended
Mar. 31, 2022
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

 

 

 

2022

 

 

2021

 

 

 

Total

Revenues(a)

 

 

Inter-

segment

Revenues

 

 

Net

Income

(Loss)

 

 

Total

Revenues(a)

 

 

Inter-

segment

Revenues

 

 

Net

Income

(Loss)

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Banking

 

$

141,346

 

 

$

671

 

 

$

41,111

 

 

$

155,903

 

 

$

669

 

 

$

46,271

 

Commercial Banking

 

 

289,372

 

 

 

863

 

 

 

144,608

 

 

 

285,912

 

 

 

809

 

 

 

122,638

 

Commercial Real Estate

 

 

202,087

 

 

 

179

 

 

 

97,610

 

 

 

200,843

 

 

 

222

 

 

 

71,272

 

Discretionary Portfolio

 

 

64,727

 

 

 

(27,805

)

 

 

35,385

 

 

 

134,544

 

 

 

(10,027

)

 

 

90,546

 

Residential Mortgage Banking

 

 

137,444

 

 

 

37,464

 

 

 

28,964

 

 

 

153,760

 

 

 

22,183

 

 

 

49,611

 

Retail Banking

 

 

355,148

 

 

 

(3

)

 

 

84,164

 

 

 

346,917

 

 

 

272

 

 

 

85,358

 

All Other

 

 

254,937

 

 

 

(11,369

)

 

 

(69,668

)

 

 

209,114

 

 

 

(14,128

)

 

 

(18,447

)

Total

 

$

1,445,061

 

 

$

 

 

$

362,174

 

 

$

1,486,993

 

 

$

 

 

$

447,249

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Total Assets

 

 

 

Three Months Ended March 31

 

 

Year Ended

December 31

 

 

 

2022

 

 

2021

 

 

2021

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Banking

 

$

6,568

 

 

$

8,622

 

 

$

8,007

 

Commercial Banking

 

 

27,620

 

 

 

30,395

 

 

 

28,559

 

Commercial Real Estate

 

 

22,648

 

 

 

26,097

 

 

 

25,628

 

Discretionary Portfolio

 

 

22,899

 

 

 

23,650

 

 

 

22,262

 

Residential Mortgage Banking

 

 

6,250

 

 

 

6,506

 

 

 

6,463

 

Retail Banking

 

 

18,610

 

 

 

17,216

 

 

 

17,897

 

All Other

 

 

47,053

 

 

 

35,671

 

 

 

43,853

 

Total

 

$

151,648

 

 

$

148,157

 

 

$

152,669

 

 

(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 $3,234,000 and $3,733,000 for the three-month periods ended March 31, 2022 and 2021, 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.