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QUARTERLY FINANCIAL INFORMATION (unaudited) (Tables)
12 Months Ended
Dec. 31, 2011
QUARTERLY FINANCIAL INFORMATION (unaudited)  
Schedule of quarterly financial information (unaudited)

 

 
  Quarters Ended  
 
  December 31,   September 30,   June 30,   March 31,  
 
  (In thousands, except per share data)
 

2011

                         

Interest and dividend income

  $ 268,904   $ 282,741   $ 274,468   $ 254,335  

Interest expense

    39,830     44,959     47,132     45,501  
                   

Net interest income

    229,074     237,782     227,336     208,834  

Provision for loan losses

    20,000     22,000     26,500     26,506  
                   

Net interest income after provision for loan losses

    209,074     215,782     200,836     182,328  

Noninterest income (loss)

    937     (13,545 )   12,491     11,041  

Noninterest expense

    106,672     104,552     117,597     106,789  
                   

Income before provision for income taxes

    103,339     97,685     95,730     86,580  

Provision for income taxes

    37,133     35,253     35,205     30,509  
                   

Net income

  $ 66,206   $ 62,432   $ 60,525   $ 56,071  
                   

Preferred stock dividends and amortization of preferred stock discount

    1,714     1,714     1,714     1,715  
                   

Net income available to common stockholders

  $ 64,492   $ 60,718   $ 58,811   $ 54,356  
                   

Basic earnings per share

  $ 0.44   $ 0.41   $ 0.40   $ 0.37  

Diluted earnings per share

  $ 0.43   $ 0.41   $ 0.39   $ 0.37  

2010

                         

Interest and dividend income

  $ 292,195   $ 231,400   $ 253,533   $ 318,703  

Interest expense

    45,633     48,595     49,910     56,979  
                   

Net interest income

    246,562     182,805     203,623     261,724  

Provision for loan losses

    29,834     38,648     55,256     76,421  
                   

Net interest income after provision for loan losses

    216,728     144,157     148,367     185,303  

Noninterest (loss) income

    (17,279 )   29,315     35,685     (8,451 )

Noninterest expense

    113,743     99,945     125,318     138,910  
                   

Income before provision for income taxes

    85,706     73,527     58,734     37,942  

Provision for income taxes

    29,357     26,576     22,386     13,026  
                   

Net income

  $ 56,349   $ 46,951   $ 36,348   $ 24,916  
                   

Preferred stock dividends and amortization of preferred stock discount

    24,109     6,732     6,147     6,138  
                   

Net income available to common stockholders

  $ 32,240   $ 40,219   $ 30,201   $ 18,778  
                   

Basic earnings per share

  $ 0.22   $ 0.27   $ 0.21   $ 0.17  

Diluted earnings per share

  $ 0.22   $ 0.27   $ 0.21   $ 0.13