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Consolidated Statements Of Income (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income        
Interest and fees on loans $ 132,338 $ 135,800 $ 268,881 $ 265,342
Interest bearing deposits with banks 870 1,215 1,806 2,489
Federal funds sold and securities purchased under resale agreements 23 34 55 83
Securities 11,438 11,218 20,978 22,230
Trading account securities 10 343 23 364
Federal Home Loan Bank and Federal Reserve Bank stock 572 472 1,122 931
Brokerage customer receivables 194 166 360 304
Total interest income 145,445 149,248 293,225 291,743
Interest expense        
Interest on deposits 22,404 31,626 46,360 64,838
Interest on Federal Home Loan Bank advances 4,010 4,094 7,968 8,440
Interest on notes payable and other borrowings 2,715 1,439 5,345 2,901
Interest on secured borrowings - owed to securitization investors 2,994 3,115 6,034 6,109
Interest on subordinated notes 194 256 406 497
Interest on junior subordinated debentures 4,422 4,404 8,792 8,779
Total interest expense 36,739 44,934 74,905 91,564
Net interest income 108,706 104,314 218,320 200,179
Provision for credit losses 29,187 41,297 54,531 70,342
Net interest income after provision for credit losses 79,519 63,017 163,789 129,837
Non-interest income        
Wealth management 10,601 9,193 20,837 17,860
Mortgage banking 12,817 7,985 24,448 17,713
Service charges on deposit accounts 3,594 3,371 6,905 6,703
Gains on available-for-sale securities, net 1,152 46 1,258 438
Gain on bargain purchases 746 26,494 10,584 37,388
Trading (losses) gains (30) (1,617) (470) 4,344
Other 7,772 4,964 13,977 8,598
Total non-interest income 36,652 50,436 77,539 93,044
Non-interest expense        
Salaries and employee benefits 53,079 50,649 109,178 99,721
Equipment 4,409 4,046 8,673 7,941
Occupancy, net 6,772 6,033 13,277 12,263
Data processing 3,147 3,669 6,670 7,076
Advertising and marketing 1,440 1,470 3,054 2,784
Professional fees 4,533 3,957 8,079 7,064
Amortization of other intangible assets 704 674 1,393 1,319
FDIC insurance 3,281 5,005 7,799 8,814
OREO expenses, net 6,577 5,843 12,385 7,181
Other 13,264 11,317 24,807 22,438
Total non-interest expense 97,206 92,663 195,315 176,601
Income before taxes 18,965 20,790 46,013 46,280
Income tax expense 7,215 7,781 17,861 17,253
Net income 11,750 13,009 28,152 29,027
Preferred stock dividends and discount accretion 1,033 4,943 2,064 9,887
Net income applicable to common shares $ 10,717 $ 8,066 $ 26,088 $ 19,140
Net income per common share - Basic $ 0.31 $ 0.26 $ 0.75 $ 0.67
Net income per common share - Diluted $ 0.25 $ 0.25 $ 0.60 $ 0.64
Cash dividends declared per common share     $ 0.09 $ 0.09
Weighted average common shares outstanding 34,971 31,074 34,950 28,522
Dilutive potential common shares 8,438 1,267 8,437 1,203
Average common shares and dilutive common shares 43,409 32,341 43,387 29,725