Segment Reporting

6 Months Ended

Jun. 30, 2011

Segment Reporting

Segment Reporting

10.   Segment Reporting

Operating segments are defined as components of an enterprise about which separate financial information is available that is regularly reviewed by the chief operating decision maker in deciding how to allocate resources and in assessing performance. Reportable segments consist of one or more operating segments with similar economic characteristics, products and services, production processes, types of customers, distribution systems and regulatory environments.  The information provided for Segment Reporting is based on internal reports utilized by management. Results of operations are reported through two reportable segments:  BankAtlantic and the Parent Company.  BankAtlantic activities consist of the banking operations of BankAtlantic and the Parent Company activities consist of equity and debt financings, capital management and acquisition related expenses.  Additionally, effective March 31, 2008, a wholly-owned subsidiary of the Parent Company purchased non-performing loans from BankAtlantic. As a consequence, the Parent Company's activities also include the operating results of the asset work-out subsidiary.    

                The following summarizes the aggregation of the Company's operating segments into reportable segments:

Reportable Segment                                Operating Segments Aggregated

BankAtlantic                                                        Banking operations

Parent Company                                                 BankAtlantic Bancorp's operations, costs of acquisitions, asset and capital management and financing activities

      The accounting policies of the segments are generally the same as those described in the summary of significant accounting policies in the Company's Annual Report on Form 10-K for the year ended December 31, 2010.  Intersegment transactions are eliminated in consolidation.   

The Company evaluates segment performance based on segment net income from continuing operations after tax.  The table below is segment information for segment net income from continuing operations for the three months and six ended June 30, 2011 and 2010 (in thousands): 

				Adjusting and
			Parent	Elimination	Segment
For the Three Months Ended		BankAtlantic	Company	Entries	Total
June 30, 2011:
Interest income	$	37,222	60	(2)	37,280
Interest expense		(4,244)	(3,854)	2	(8,096)
(Provision) for loan losses		(10,195)	(514)	-	(10,709)
Non-interest income		60,074	(751)	(313)	59,010
Non-interest expense		(51,890)	(2,507)	313	(54,084)
Segments income (loss)
before income taxes		30,967	(7,566)	-	23,401
Provision for income tax		-	-	-	-
Segment net income (loss)	$	30,967	(7,566)	-	23,401
Total assets	$	3,831,471	356,709	(324,316)	3,863,864
				Adjusting and
			Parent	Elimination	Segment
For the Three Months Ended		BankAtlantic	Company	Entries	Total
June 30, 2010:
Interest income	$	43,271	81	(3)	43,349
Interest expense		(6,263)	(3,660)	3	(9,920)
(Provision) for loan losses		(43,634)	(4,919)	-	(48,553)
Non-interest income		26,271	511	(259)	26,523
Non-interest expense		(59,515)	(3,393)	259	(62,649)
Segments loss
before income taxes		(39,870)	(11,380)	-	(51,250)
Provision for income tax		-	-	-	-
Segment net loss	$	(39,870)	(11,380)	-	(51,250)
Total assets	$	4,611,282	401,842	(357,524)	4,655,600

				Adjusting and
			Parent	Elimination	Segment
For the Six Months Ended		BankAtlantic	Company	Entries	Total
June 30, 2011:
Interest income	$	76,642	149	(6)	76,785
Interest expense		(8,960)	(7,638)	6	(16,592)
(Provision) for loan losses		(38,027)	(494)	-	(38,521)
Non-interest income		82,987	(161)	(609)	82,217
Non-interest expense		(98,044)	(5,939)	609	(103,374)
Segments income (loss)
before income taxes		14,598	(14,083)	-	515
Provision for income tax		(1)	-	-	(1)
Segment net income (loss)	$	14,597	(14,083)	-	514
				Adjusting and
			Parent	Elimination	Segment
For the Six Months Ended		BankAtlantic	Company	Entries	Total
June 30, 2010:
Interest income	$	90,986	159	(8)	91,137
Interest expense		(14,519)	(7,223)	8	(21,734)
(Provision) for loan losses		(75,668)	(3,640)	-	(79,308)
Non-interest income		54,528	969	(510)	54,987
Non-interest expense		(112,236)	(5,037)	510	(116,763)
Segments loss
before income taxes		(56,909)	(14,772)	-	(71,681)
Provision for income tax		(90)	-	-	(90)
Segment net loss	$	(56,999)	(14,772)	-	(71,771)