Business Segments

12 Months Ended

Dec. 31, 2012

Business Segments

24.     Business Segments

The Corporation operates in four reportable segments: Community Banking, Wealth Management, Insurance and Consumer Finance.

• The Community Banking segment offers services traditionally offered by full-service commercial banks, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.

• The Wealth Management segment provides a broad range of personal and corporate fiduciary services including the administration of decedent and trust estates. In addition, it offers various alternative products, including securities brokerage and investment advisory services, mutual funds and annuities.

• The Insurance segment includes a full-service insurance agency offering all lines of commercial and personal insurance through major carriers. The Insurance segment also includes a reinsurer.

• The Consumer Finance segment is primarily involved in making installment loans to individuals and purchasing installment sales finance contracts from retail merchants. The Consumer Finance segment activity is funded through the sale of the Corporation’s subordinated notes at Regency’s branch offices.

The following tables provide financial information for these segments of the Corporation. The information provided under the caption “Parent and Other” represents operations not considered to be reportable segments and/or general operating expenses of the Corporation, and includes the parent company, other non-bank subsidiaries and eliminations and adjustments which are necessary for purposes of reconciling to the consolidated amounts.

	Community Banking		Wealth Manage- ment		Insurance		Consumer Finance		Parent and Other			Consolidated
At or for the Year Ended December 31, 2012
Interest income	$	390,680	$	4	$	113	$	35,279	$	5,830		$	431,906
Interest expense		45,604		—		—		3,584		9,867			59,055
Net interest income		345,076		4		113		31,695		(4,037	)		372,851
Provision for loan losses		24,606		—		—		6,115		581			31,302
Non-interest income		97,064		24,152		13,035		2,343		(5,131	)		131,463
Non-interest expense		258,063		20,141		11,503		18,410		1,577			309,694
Intangible amortization		8,395		320		420		—		—			9,135
Income tax expense (benefit)		42,991		1,358		438		3,615		(4,629	)		43,773
Net income (loss)		108,085		2,337		787		5,898		(6,697	)		110,410
Total assets		11,845,122		19,610		18,675		178,149		(37,580	)		12,023,976
Total intangibles		689,354		11,312		10,931		1,809		—			713,406
At or for the Year Ended December 31, 2011
Interest income	$	350,801	$	11	$	124	$	34,168	$	6,021		$	391,125
Interest expense		60,132		—		—		4,281		10,204			74,617
Net interest income		290,669		11		124		29,887		(4,183	)		316,508
Provision for loan losses		26,957		—		—		6,152		532			33,641
Non-interest income		88,360		23,238		12,325		2,132		(6,137	)		119,918
Non-interest expense		227,696		18,518		11,568		17,210		1,514			276,506
Intangible amortization		6,467		335		426		—		—			7,228
Income tax expense (benefit)		31,869		1,587		169		3,274		(4,895	)		32,004
Net income (loss)		86,040		2,809		286		5,383		(7,471	)		87,047
Total assets		9,583,439		19,579		17,301		171,350		(5,186	)		9,786,483
Total intangibles		574,622		11,632		11,352		1,809		—			599,415
At or for the Year Ended December 31, 2010
Interest income	$	335,975	$	13	$	198	$	33,386	$	4,149		$	373,721
Interest expense		73,925		—		—		4,842		9,964			88,731
Net interest income		262,050		13		198		28,544		(5,815	)		284,990
Provision for loan losses		40,400		—		—		6,144		779			47,323
Non-interest income		83,977		20,666		12,898		2,194		(3,763	)		115,972
Non-interest expense		201,450		15,795		11,795		15,208		141			244,389
Intangible amortization		5,937		350		427		—		—			6,714
Income tax expense (benefit)		26,663		1,632		319		3,389		(4,119	)		27,884
Net income (loss)		71,577		2,902		555		5,997		(6,379	)		74,652
Total assets		8,753,276		19,097		19,097		171,649		(3,204	)		8,959,915
Total intangibles		535,594		11,967		11,778		1,809		—			561,148