Segment Information The Company reports four primary segments: Wholesale Bank, Wealth Management, Retail Bank, and Home Lending with the remainder as Corporate and other. The Commercial Bank, recently re-branded as the Wholesale Bank segment, includes lending, treasury and cash management services and customer risk management products to middle market corporate, commercial and business banking customers and includes the operations of Financial Pacific Leasing Inc., a commercial leasing company. The Wealth Management segment consists of the operations of Umpqua Investments, which offers a full range of retail brokerage and investment advisory services and products to its clients who consist primarily of individual investors, and Umpqua Private Bank, which serves high net worth individuals with liquid investable assets and provides customized financial solutions and offerings. The Retail Bank segment includes retail and small business lending and deposit services for customers served through the Bank's store network. The Home Lending segment originates, sells and services residential mortgage loans. The Corporate and other segment includes activities that are not directly attributable to one of the four principal lines of business and includes the operations of the parent company, eliminations and the economic impact of certain assets, capital and support functions not specifically identifiable within the other lines of business. Management monitors the Company's results using an internal performance measurement accounting system, which provides line of business results and key performance measures. A primary objective of this profitability measurement system and related internal financial reporting practices are designed to produce consistent results that reflect the underlying economics of the business, and to support strategic objectives and analysis based on how management views the business. Various methodologies employed within this system to measure performance are based on management's judgment or other subjective factors. Consequently, the information presented is not necessarily comparable with similar information for other financial institutions. This system uses various techniques to assign balance sheet and income statement amounts to the business segments, including internal funds transfer pricing, allocation s of inco me, expense, the provision for credit losses, and capital. The application and development of these management reporting methodologies is a dynamic process and is subject to periodic enhancements. As these enhancements are made, financial results presented by each reportable segment may be periodically revised retrospectively, if material. Funds transfer pricing is used in the determination of net interest income reported by assigning a cost for funds used or credit for funds provided to all assets and liabilities within each business segment. In general, assets and liabilities are match-funded based on their maturity or repricing characteristics, adjusted for estimated prepayments if applicable. The value of funds provided or cost of funds used by the business segments is priced at rates that approximate wholesale market rates of the Company for funds with similar duration and re-pricing characteristics. Market rates are generally based on LIBOR or interest rate swap rates, plus consideration of the Company's incremental credit spread/cost of borrowing. As a result, the business segments are generally insulated from changes in interest rates. This method of funds transfer pricing also serves to transfer interest rate risk to Treasury, which is contained within the Corporate &amp; Other segment. However, the business segments have some latitude to retain certain interest rate exposures related to customer pricing decisions that are within overall Corporate guidelines. Noninterest income and expenses directly attributable to a business segment are directly recorded within that business unit. To better analyze the total financial performance of each business unit and to consider the total cost to support a segment, management allocates centrally provided support services and other corporate overhead to the business segments based on various methodologies. Examples of these type of expense overhead pools include information technology, operations, human resources, finance, risk management, credit administration, legal, and marketing. Expense allocations are based on actual usage where practicably calculated or by management's estimate of such usage. Example of typical expense allocation drivers include number of employees, loan or deposits average balances or counts, origination or transaction volumes, credit quality related indicators, noninterest expense, or other identified drivers. The provision for loan and lease losses is based on the methodology consistent with our process to estimate our consolidated allowance. The provision for credit losses incorporates the actual net charge-offs recognized related to loans contained within each business segment. The residual provision for credit losses to arrive at the consolidated provision for credit losses is included in Corporate and Other. The provision for income taxes is allocated to business segments using a 25% effective tax rate for 2018 and 37% for 2017 and 2016. The residual income tax expense or benefit arising from changes in tax rates, tax planning strategies or other tax attributes to arrive at the consolidated effective tax rate is retained in Corporate and Other. Summarized financial information concerning the Company's reportable segments and the reconciliation to the consolidated financial results is shown in the following tables: (in thousands) Year Ended December 31, 2018 Wholesale Bank Wealth Management Retail Bank Home Lending Corporate &amp; Other Consolidated Net interest income $ 451,513 $ 24,346 $ 339,180 $ 39,897 $ 83,703 $ 938,639 Provision (recapture) for loan and lease losses 50,248 1,025 3,205 1,628 (201 ) 55,905 Non-interest income 59,118 19,434 63,407 119,538 17,920 279,417 Non-interest expense 224,260 36,165 274,306 130,404 74,330 739,465 Income before income taxes 236,123 6,590 125,076 27,403 27,494 422,686 Provision for income taxes 59,031 1,648 31,269 6,851 7,624 106,423 Net income $ 177,092 $ 4,942 $ 93,807 $ 20,552 $ 19,870 $ 316,263 Total assets $ 14,920,507 $ 536,024 $ 2,015,263 $ 3,680,004 $ 5,787,983 $ 26,939,781 Total loans and leases $ 14,717,512 $ 521,988 $ 1,934,602 $ 3,320,634 $ (72,070 ) $ 20,422,666 Total deposits $ 3,776,047 $ 1,068,025 $ 13,016,976 $ 219,584 $ 3,056,854 $ 21,137,486 (in thousands) Year Ended December 31, 2017 Wholesale Bank Wealth Management Retail Bank Home Lending Corporate &amp; Other Consolidated Net interest income $ 434,942 $ 22,103 $ 282,622 $ 39,487 $ 86,531 $ 865,685 Provision for loan and lease losses 37,108 360 7,701 1,692 393 47,254 Non-interest income 52,054 18,697 62,366 142,763 2,607 278,487 Non-interest expense 218,266 32,123 288,236 146,690 62,560 747,875 Income before income taxes 231,622 8,317 49,051 33,868 26,185 349,043 Provision (benefit) for income taxes 85,700 3,077 18,149 12,531 (12,727 ) 106,730 Net income $ 145,922 $ 5,240 $ 30,902 $ 21,337 $ 38,912 $ 242,313 Total assets $ 13,856,963 $ 437,873 $ 2,143,830 $ 3,355,189 $ 5,886,592 $ 25,680,447 Total loans and leases $ 13,683,264 $ 423,813 $ 2,054,058 $ 2,921,897 $ (63,840 ) $ 19,019,192 Total deposits $ 3,776,080 $ 993,559 $ 12,449,568 $ 222,494 $ 2,506,599 $ 19,948,300 (in thousands) Year Ended December 31, 2016 Wholesale Bank Wealth Management Retail Bank Home Lending Corporate &amp; Other Consolidated Net interest income $ 422,022 $ 21,341 $ 254,043 $ 41,435 $ 99,271 $ 838,112 Provision (recapture) for loan and lease losses 35,348 587 8,049 (3,426 ) 1,116 41,674 Non-interest income 48,227 19,554 62,726 163,527 7,694 301,728 Non-interest expense 203,233 34,213 293,307 154,922 51,480 737,155 Income before income taxes 231,668 6,095 15,413 53,466 54,369 361,011 Provision for income taxes 85,718 2,255 5,703 19,783 17,484 130,943 Net income $ 145,950 $ 3,840 $ 9,710 $ 33,683 $ 36,885 $ 230,068 Total assets $ 12,829,249 $ 437,058 $ 1,893,433 $ 3,243,600 $ 6,368,066 $ 24,771,406 Total loans and leases $ 12,640,383 $ 415,737 $ 1,806,554 $ 2,685,181 $ (107,272 ) $ 17,440,583 Total deposits $ 3,288,837 $ 1,011,454 $ 12,032,906 $ 229,358 $ 2,458,430 $ 19,020,985