SEGMENT REPORTING

3 Months Ended

Mar. 31, 2015

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

NOTE 11 - SEGMENT REPORTING

The Company is a financial holding company with subsidiaries engaged in the business of banking and activities closely related to banking.  The Company determines reportable segments based upon the services offered, the significance of those services to the Company’s financial condition and operating results and management’s regular review of the operating results of those services.  The Company’s primary segment is Community Banking, which includes providing a full range of deposit products, commercial loans and consumer loans.  The Company has also designated two additional reportable segments -- Insurance Agencies and General Corporate and Other.  The Company’s insurance agencies serve as agents in the sale of commercial lines of insurance and full lines of property and casualty, life, health and employee benefits products and services.  The General Corporate and Other operating segment includes mortgage lending, trust services, credit card activities, investment services and other activities not allocated to the Community Banking or Insurance Agencies operating segments. 

Results of operations and selected financial information by operating segment for the three-month periods ended March 31, 2015 and 2014 were as follows:

				General
		Community	Insurance	Corporate
		Banking	Agencies	and Other	Total
	(In thousands)
Three months ended March 31, 2015:
Results of Operations
Net interest revenue		$             96,867	$                 32	$               9,174	$           106,073
Provision for credit losses		(3,967)	-	(1,033)	(5,000)
Net interest revenue after provision for credit losses		100,834	32	10,207	111,073
Noninterest revenue		16,031	33,198	24,086	73,315
Noninterest expense		86,184	25,316	25,433	136,933
Income before income taxes		30,681	7,914	8,860	47,455
Income tax expense (benefit)		10,589	1,677	2,923	15,189
Net income		$             20,092	$            6,237	$               5,937	$             32,266
Selected Financial Information
Total assets at end of period		$        9,931,629	$        209,434	$        3,489,259	$      13,630,322
Depreciation and amortization		5,959	1,265	$                  531	7,755
Three months ended March 31, 2014:
Results of Operations
Net interest revenue		$             93,315	$                 28	$               8,180	$           101,523
Provision for credit losses		1,024	-	(1,024)	-
Net interest revenue after provision for credit losses		92,291	28	9,204	101,523
Noninterest revenue		23,927	31,620	10,970	66,517
Noninterest expense		81,467	24,315	20,925	126,707
Income (loss) before income taxes		34,751	7,333	(751)	41,333
Income tax expense (benefit)		11,182	2,918	(1,211)	12,889
Net income (loss)		$             23,569	$            4,415	$                  460	$             28,444
Selected Financial Information
Total assets at end of period		$        9,745,120	$        201,625	$        3,196,810	$      13,143,555
Depreciation and amortization		5,216	1,277	1,138	7,631

The increase in income for the General, Corporate and Other division for the three months ended March 31, 2015 compared to the same periods in 2014 is mainly due to an increase in mortgage lending revenue.