Business Segments

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Business Segments

BUSINESS SEGMENTS

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

• The Community Banking segment provides commercial and consumer banking services. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, international banking, business credit, capital markets and lease financing. Consumer banking products and services include deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services.

• 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 primarily makes installment loans to individuals and purchases installment sales finance contracts from retail merchants. The Consumer Finance segment activity is funded through the sale of the Corporation’s subordinated notes at the finance company’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 reconciliation to the consolidated amounts.

	Community Banking		Wealth Management		Insurance			Consumer Finance		Parent and Other			Consolidated
At or for the Three Months Ended September 30, 2015
Interest income	$	125,281	$	—	$	22		$	10,096	$	1,798		$	137,197
Interest expense		10,473		—		—			878		645			11,996
Net interest income		114,808		—		22			9,218		1,153			125,201
Provision for credit losses		8,702		—		—			1,750		325			10,777
Non-interest income		29,667		8,682		3,602			716		(1,308	)		41,359
Non-interest expense		80,906		6,703		3,201			4,983		322			96,115
Intangible amortization		1,824		69		141			—		—			2,034
Income tax expense (benefit)		15,804		696		105			1,473		(497	)		17,581
Net income (loss)		37,239		1,214		177			1,728		(305	)		40,053
Total assets		16,658,489		21,099		22,201			187,721		(53,437	)		16,836,073
Total intangibles		855,164		10,516		13,069			1,809		—			880,558
At or for the Three Months Ended September 30, 2014
Interest income	$	120,122	$	—	$	24		$	9,773	$	1,647		$	131,566
Interest expense		9,435		—		—			826		686			10,947
Net interest income		110,687		—		24			8,947		961			120,619
Provision for credit losses		9,427		—		—			1,519		251			11,197
Non-interest income		27,179		8,174		3,373			719		(1,893	)		37,552
Non-interest expense		79,243		6,294		2,943			4,983		(71	)		93,392
Intangible amortization		2,282		72		101			—		—			2,455
Income tax expense (benefit)		14,347		656		128			1,216		(611	)		15,736
Net income (loss)		32,567		1,152		225			1,948		(501	)		35,391
Total assets		15,584,832		21,892		19,148			182,301		(51,128	)		15,757,045
Total intangibles		856,464		10,792		10,223			1,809		—			879,288
At or for the Nine Months Ended September 30, 2015
Interest income	$	371,366	$	—	$	67		$	29,467	$	5,114		$	406,014
Interest expense		30,580		—		—			2,593		1,952			35,125
Net interest income		340,786		—		67			26,874		3,162			370,889
Provision for credit losses		21,974		—		—			5,288		515			27,777
Non-interest income		85,281		26,268		9,948			2,124		(4,328	)		119,293
Non-interest expense		236,324		20,127		10,952			14,785		967			283,155
Intangible amortization		5,601		205		342			—		—			6,148
Income tax expense (benefit)		48,744		2,143		(433	)		3,660		(1,539	)		52,575
Net income (loss)		113,424		3,793		(846	)		5,265		(1,109	)		120,527
Total assets		16,658,489		21,099		22,201			187,721		(53,437	)		16,836,073
Total intangibles		855,164		10,516		13,069			1,809		—			880,558
At or for the Nine Months Ended September 30, 2014
Interest income	$	339,974	$	—	$	74		$	28,716	$	5,122		$	373,886
Interest expense		26,413		—		—			2,481		2,356			31,250
Net interest income		313,561		—		74			26,235		2,766			342,636
Provision for credit losses		23,148		—		—			4,754		706			28,608
Non-interest income		86,512		23,530		10,582			2,120		(3,932	)		118,812
Non-interest expense		231,390		19,038		8,900			14,800		1,270			275,398
Intangible amortization		6,680		216		303			—		—			7,199
Income tax expense (benefit)		41,738		1,555		521			3,386		(1,703	)		45,497
Net income (loss)		97,117		2,721		932			5,415		(1,439	)		104,746
Total assets		15,584,832		21,892		19,148			182,301		(51,128	)		15,757,045
Total intangibles		856,454		10,792		10,223			1,809		—			879,288