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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
INTEREST AND DIVIDEND INCOME        
Loans receivable, including fees $ 234,049 $ 269,484 $ 475,615 $ 531,055
Available-for-sale investment securities 9,484 12,490 19,668 24,766
Resale agreements 4,680 4,559 9,529 9,412
Investment in Federal Home Loan Bank and Federal Reserve Bank stock 2,306 1,555 3,542 3,426
Due from banks and short-term investments 4,926 6,354 10,352 11,956
Total interest and dividend income 255,445 294,442 518,706 580,615
INTEREST EXPENSE        
Customer deposits 18,195 15,569 35,158 31,451
Short-term borrowings 18   18  
Federal Home Loan Bank advances 1,049 1,015 2,082 2,060
Repurchase agreements 7,533 10,189 15,939 20,267
Long-term debt 1,158 1,219 2,300 2,421
Total interest expense 27,953 27,992 55,497 56,199
Net interest income before provision for loan losses 227,492 266,450 463,209 524,416
Provision for loan losses 3,494 8,000 8,481 14,933
Net interest income after provision for loan losses 223,998 258,450 454,728 509,483
NONINTEREST INCOME (LOSS)        
Branch fees 9,791 9,519 19,175 18,965
Letters of credit fees and foreign exchange income 8,825 8,940 17,531 15,796
Ancillary loan fees 2,812 2,521 5,468 4,993
Wealth management fees 4,757 5,232 9,936 8,260
Derivative commission income 2,733 2,634 7,763 5,223
Changes in FDIC indemnification asset and receivable/payable (6,668) (57,558) (15,090) (111,192)
Net gains on sales of loans 5,280 6,793 14,831 12,989
Net gains on sales of available-for-sale investment securities 5,554 671 9,958 4,089
Other fees and other operating income 7,509 6,303 15,147 11,016
Total noninterest income (loss) 40,593 (14,945) 84,719 (29,861)
NONINTEREST EXPENSE        
Compensation and employee benefits 62,860 55,081 127,113 114,358
Occupancy and equipment expense 15,185 16,534 30,628 32,385
Amortization of tax credit and other investments 2,997 5,490 [1] 9,296 6,982 [1]
Amortization of premiums on deposits acquired 2,337 2,624 4,728 5,124
Deposit insurance premiums and regulatory assessments 3,341 5,812 8,997 11,514
Loan related expense (income) 1,750 (1,098) 4,090 1,477
Other real estate owned (income) expense (5,081) 783 (6,107) 2,117
Legal expense 4,134 9,104 11,004 12,903
Data processing 2,377 2,940 4,994 11,140
Consulting expense 2,182 2,328 4,613 3,377
Repurchase agreements extinguishment costs 6,625   6,625  
Other operating expense 21,463 20,941 42,219 39,116
Total noninterest expense 120,170 120,539 [1] 248,200 240,493 [1]
INCOME BEFORE INCOME TAXES 144,421 122,966 [1] 291,247 239,129 [1]
INCOME TAX EXPENSE 45,673 38,661 [1] 92,472 80,653 [1]
NET INCOME $ 98,748 $ 84,305 [1] $ 198,775 $ 158,476 [1]
EARNINGS PER SHARE        
BASIC (in dollars per share) $ 0.69 $ 0.59 [1] $ 1.38 $ 1.11 [1]
DILUTED (in dollars per share) $ 0.68 $ 0.59 [1] $ 1.38 $ 1.11 [1]
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING        
BASIC (in shares) 143,846 143,187 143,751 142,578
DILUTED (in shares) 144,480 143,689 144,408 143,158
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.20 $ 0.18 $ 0.40 $ 0.36
[1] Prior periods were restated to reflect the retrospective application of adopting the new accounting guidance related to the Company's investments in qualified affordable housing projects Accounting Standards Update ("ASU") 2014-01. See Note 10 of the Notes to Consolidated Financial Statements for additional information.