OPERATING SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2013

OPERATING SEGMENTS [Abstract]

Summary of selected financial information for reportable segments

A summary of selected financial information for our reportable segments follows:

	IB			Mepco			Other(1)(2)			Elimination(3)			Total
	(In thousands)
2013
Total assets	$	2,104,550		$	94,648		$	272,348		$	(261,603	)	$	2,209,943
Interest income		76,018			11,103			-			-			87,121
Net interest income		71,496			8,780			(2,317	)		-			77,959
Provision for loan losses		(3,891	)		(97	)		-			-			(3,988	)
Income (loss) before income tax		29,605			(2,891	)		(3,961	)		(95	)		22,658
Net income (loss)		74,313			(1,801	)		5,092			(95	)		77,509
2012
Total assets	$	1,885,807		$	135,447		$	192,343		$	(189,730	)	$	2,023,867
Interest income		84,760			14,638			-			-			99,398
Net interest income		77,919			11,115			(2,779	)		-			86,255
Provision for loan losses		6,895			(8	)		-			-			6,887
Income (loss) before income tax		27,379			2,591			(3,677	)		(95	)		26,198
Net income (loss)		28,260			1,710			(3,677	)		(95	)		26,198
2011
Total assets	$	2,132,736		$	172,007		$	157,251		$	(154,588	)	$	2,307,406
Interest income		93,310			21,452			-			-			114,762
Net interest income		81,224			16,074			(2,729	)		-			94,569
Provision for loan losses		27,972			(26	)		-			-			27,946
Loss before income tax		(11,137	)		(6,694	)		(2,486	)		(95	)		(20,412	)
Net loss		(12,768	)		(4,849	)		(2,488	)		(95	)		(20,200	)

(1) During 2013 IB and Other (parent company) include $47.1 million and $9.0 million, respectively of income tax benefit related to the reversal of the valuation allowance on our net deferred tax assets (see note #13).

(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.