NYCB 2017 Annual Report

142 The following tables provide a summary of the Company’s segment results for the years ended December 31, 2017, 2016, and 2015 on an internally managed accounting basis: For the Twelve Months Ended December 31, 2017 (in thousands) Banking Operations Residential Mortgage Banking Total Company Net interest income $ 1,121,460 $ 8,543 $ 1,130,003 Provision for loan losses 37,242 -- 37,242 Non-Interest Income: Third party (1) 188,564 20,957 209,521 Gain on sale of mortgage banking operation -- 7,359 7,359 Inter-segment (10,222) 10,222 -- Total non-interest income 178,342 38,538 216,880 Non-interest expense (2) 594,394 47,032 641,426 Income before income tax expense 668,166 49 668,215 Income tax expense 201,994 20 202,014 Net income $ 466,172 $ 29 $ 466,201 Identifiable segment assets (period-end) $49,124,195 $ -- $49,124,195 (1) Includes ancillary fee income. (2) Includes both direct and indirect expenses. For the Twelve Months Ended December 31, 2016 (in thousands) Banking Operations Residential Mortgage Banking Total Company Net interest income $ 1,272,423 $ 14,959 $ 1,287,382 Provision for loan losses 4,180 -- 4,180 Non-Interest Income: Third party (1) 116,200 29,372 145,572 Inter-segment (17,645) 17,645 -- Total non-interest income 98,555 47,017 145,572 Non-interest expense (2) 584,894 66,752 651,646 Income (loss) before income tax expense (benefit) 781,904 (4,776) 777,128 Income tax expense (benefit) 283,656 (1,929) 281,727 Net income (loss) $ 498,248 $ (2,847) $ 495,401 Identifiable segment assets (period-end) $48,195,581 $ 730,974 $48,926,555 (1) Includes ancillary fee income. (2) Includes both direct and indirect expenses. For the Twelve Months Ended December 31, 2015 (in thousands) Banking Operations Residential Mortgage Banking Total Company Net interest income $ 393,074 $ 15,001 $ 408,075 Recoveries of loan losses (15,004) -- (15,004) Non-Interest Income: Third party (1) 154,847 55,916 210,763 Inter-segment (15,359) 15,359 -- Total non-interest income 139,488 71,275 210,763 Non-interest expense (2) 700,469 65,386 765,855 (Loss) income before income tax expense (152,903) 20,890 (132,013) Income tax (benefit) expense (93,297) 8,440 (84,857) Net (loss) income $ (59,606) $ 12,450 $ (47,156) Identifiable segment assets (period-end) $49,619,931 $ 697,865 $50,317,796 (1) Includes ancillary fee income. (2) Includes both direct and indirect expenses.