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Segments (Tables)
 6 Months Ended
Jun. 30, 2013
Segments [Abstract]  
Selected financial information for reportable segments
A summary of selected financial information for our reportable segments follows:

 
 
IB(1)
  
Mepco
  
Other(1)(2)
  
Elimination(3)
  
Total
 
 
 
(In thousands)
 
Total assets
 
  
  
  
  
 
June 30, 2013
 
$
2,005,794
  
$
117,772
  
$
266,712
  
$
(255,604
)
 
$
2,134,674
 
December 31, 2012
  
1,885,807
   
135,447
   
192,343
   
(189,730
)
  
2,023,867
 
 
                    
For the three months ended June 30,
                    
2013
Interest income
 
$
18,935
  
$
2,927
  
$
-
  
$
-
  
$
21,862
 
Net interest income
  
17,807
   
2,306
   
(590
)
  
-
   
19,523
 
Provision for loan losses
  
(2,093
)
  
(14
)
  
-
   
-
   
(2,107
)
Income (loss) before income tax
  
10,637
   
(2,973
)
  
(742
)
  
(23
)
  
6,899
 
Net income (loss)
  
57,442
   
(1,839
)
  
7,808
   
(23
)
  
63,388
 
 
                    
2012
                    
Interest income
 
$
21,550
  
$
3,705
  
$
-
  
$
-
  
$
25,255
 
Net interest income
  
19,766
   
2,799
   
(735
)
  
-
   
21,830
 
Provision for loan losses
  
1,063
   
(7
)
  
-
   
-
   
1,056
 
Income (loss) before income tax
  
4,944
   
337
   
(925
)
  
(23
)
  
4,333
 
Net income (loss)
  
5,059
   
222
   
(925
)
  
(23
)
  
4,333
 
 
                    
For the six months ended June 30,
                    
2013
Interest income
 
$
37,715
  
$
6,097
  
$
-
  
$
-
  
$
43,812
 
Net interest income
  
35,423
   
4,827
   
(1,171
)
  
-
   
39,079
 
Provision for loan losses
  
(2,780
)
  
(18
)
  
-
   
-
   
(2,798
)
Income (loss) before income tax
  
17,456
   
(2,150
)
  
(2,518
)
  
(47
)
  
12,741
 
Net income (loss)
  
64,506
   
(1,296
)
  
6,032
   
(47
)
  
69,195
 
 
                    
2012
                    
Interest income
 
$
43,395
  
$
7,556
  
$
-
  
$
-
  
$
50,951
 
Net interest income
  
39,705
   
5,681
   
(1,456
)
  
-
   
43,930
 
Provision for loan losses
  
6,166
   
21
   
-
   
-
   
6,187
 
Income (loss) before income tax
  
7,957
   
1,893
   
(1,966
)
  
(47
)
  
7,837
 
Net income (loss)
  
8,601
   
1,249
   
(1,966
)
  
(47
)
  
7,837
 

(1) IB and Other (parent company) include $49.1 million and $8.5 million, respectively of income tax benefit related to the reversal of the valuation allowance on our net deferred tax assets in both the three and six month periods ending June 30, 2013 (see note #10).
(2) Includes amounts relating to our parent company and certain insignificant operations.
(3) Includes parent company's investment in subsidiaries and cash balances maintained at subsidiary.