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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
INTEREST AND DIVIDEND INCOME        
Loans receivable, including fees $ 232,195 $ 244,523 $ 691,270 $ 712,822
Investment securities 10,380 24,503 48,525 66,613
Securities purchased under resale agreements 5,530 5,064 14,602 14,443
Investment in Federal Home Loan Bank stock 127 75 514 432
Investment in Federal Reserve Bank stock 719 710 2,146 2,128
Due from banks and short-term investments 5,211 7,866 17,517 15,106
Total interest and dividend income 254,162 282,741 774,574 811,544
INTEREST EXPENSE        
Customer deposit accounts 18,202 28,216 57,543 83,328
Federal funds purchased     2  
Federal Home Loan Bank advances 1,468 3,013 4,963 12,746
Securities sold under repurchase agreements 11,664 12,218 34,977 36,351
Long-term debt 920 1,424 3,106 4,783
Other borrowings   88   384
Total interest expense 32,254 44,959 100,591 137,592
Net interest income before provision for loan losses 221,908 237,782 673,983 673,952
Provision for loan losses, excluding covered loans 13,321 22,297 46,395 72,797
Provision (reversal) for loan losses on covered loans 5,179 (297) 5,705 2,209
Net interest income after provision for loan losses 203,408 215,782 621,883 598,946
NONINTEREST INCOME (LOSS)        
Impairment loss on investment securities     (5,165) (5,555)
Less: Noncredit-related impairment loss recorded in other comprehensive income     5,066 5,091
Net impairment loss on investment securities recognized in earnings     (99) (464)
Decrease in FDIC indemnification asset and receivable (26,757) (43,451) (72,520) (79,700)
Branch fees 8,347 8,872 25,282 25,704
Net gain on sales of investment securities 93 3,191 647 6,823
Net gain on sale of fixed assets 40 30 113 2,236
Letters of credit fees and commissions 5,001 3,555 13,814 9,989
Foreign exchange income 2,165 2,895 4,524 7,647
Ancillary loan fees 1,817 2,076 6,013 6,122
Income from life insurance policies 982 982 2,931 3,088
Net gain on sales of loans 5,346 5,452 16,900 18,753
Other operating income 5,717 2,853 15,231 9,789
Total noninterest income (loss) 2,751 (13,545) 12,836 9,987
NONINTEREST EXPENSE        
Compensation and employee benefits 40,509 39,885 129,781 119,025
Occupancy and equipment expense 14,162 12,580 40,737 37,353
Amortization of investments in affordable housing partnerships and other investments 3,378 5,287 12,269 14,410
Amortization of premiums on deposits acquired 2,734 3,067 8,445 9,403
Deposit insurance premiums and regulatory assessments 3,461 2,430 10,776 16,454
Loan related expenses 4,011 5,208 12,667 12,591
Other real estate owned expense 2,683 4,489 18,034 29,738
Legal expense 8,213 6,028 19,536 16,920
Prepayment penalty for FHLB advances and other borrowings 42 3,826 3,699 12,281
Data processing 2,313 1,827 6,974 6,530
Deposit related expenses 1,388 1,667 4,472 4,199
Consulting expense 2,692 2,094 5,727 6,098
Other operating expenses 15,370 16,164 44,210 43,936
Total noninterest expense 100,956 104,552 317,327 328,938
INCOME BEFORE PROVISION FOR INCOME TAXES 105,203 97,685 317,392 279,995
PROVISION FOR INCOME TAXES 34,093 35,253 107,642 100,967
NET INCOME 71,110 62,432 209,750 179,028
PREFERRED STOCK DIVIDENDS 1,714 1,714 5,142 5,143
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 69,396 $ 60,718 $ 204,608 $ 173,885
EARNINGS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS        
BASIC (in dollars per share) $ 0.49 [1] $ 0.41 $ 1.42 [1] $ 1.18
DILUTED (in dollars per share) $ 0.48 [1] $ 0.41 $ 1.40 [1] $ 1.17
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING        
BASIC (in shares) 139,621 [1] 147,162 142,348 [1] 147,013
DILUTED (in shares) 145,358 [1] 153,453 148,051 [1] 153,372
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.10 $ 0.05 $ 0.30 $ 0.11
[1] On April 1, 2012, the Company revised its calculation of earnings per share to account for participating securities under the two-class method. This revision to the earnings per share calculation does not have an impact to previous periods as the amounts are immaterial.