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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
INTEREST AND DIVIDEND INCOME        
Loans receivable, including fees $ 234,290 $ 238,036 $ 451,449 $ 459,075
Investment securities 9,594 16,913 19,804 38,145
Securities purchased under resale agreements 5,435 4,758 10,964 9,072
Investment in Federal Home Loan Bank stock 1,021 167 1,550 387
Investment in Federal Reserve Bank stock 721 714 1,441 1,427
Due from banks and short-term investments 4,292 5,774 8,568 12,306
Total interest and dividend income 255,353 266,362 493,776 520,412
INTEREST EXPENSE        
Customer deposit accounts 15,738 19,177 32,592 39,341
Federal funds purchased       2
Federal Home Loan Bank advances 1,047 1,353 2,086 3,495
Securities sold under repurchase agreements 10,217 11,591 20,746 23,313
Long-term debt 707 1,084 1,417 2,186
Total interest expense 27,709 33,205 56,841 68,337
Net interest income before provision for loan losses 227,644 233,157 436,935 452,075
Provision for loan losses, excluding covered loans 8,277 16,595 7,515 33,074
Provision for (reversal of) loan losses on covered loans 723 (1,095) 5,812 526
Net interest income after provision for loan losses 218,644 217,657 423,608 418,475
NONINTEREST (LOSS) INCOME        
Impairment loss on investment securities       (5,165)
Less: Noncredit-related impairment loss recorded in other comprehensive income       5,066
Net impairment loss on investment securities recognized in earnings       (99)
Decrease in FDIC indemnification asset and receivable (47,905) (40,345) (79,804) (45,763)
Branch fees 8,119 7,821 15,773 15,484
Net gain on sales of investment securities 5,345 71 10,922 554
Net gain on sale of fixed assets 228 37 352 73
Letters of credit fees and commissions 5,426 4,538 10,488 8,813
Foreign exchange income 3,649 563 5,985 2,359
Ancillary loan fees 2,634 2,188 4,686 4,196
Income from life insurance policies 900 959 1,868 1,949
Net (loss) gain on sales of loans (354) 6,375 (260) 11,554
Other operating income 9,604 6,138 15,537 10,965
Total noninterest (loss) income (12,354) (11,655) (14,453) 10,085
NONINTEREST EXPENSE        
Compensation and employee benefits 42,026 42,863 87,757 89,272
Occupancy and equipment expense 13,706 13,057 27,514 26,575
Amortization of investments in affordable housing partnerships and other investments 5,064 4,425 9,347 8,891
Amortization of premiums on deposits acquired 2,375 2,838 4,784 5,711
Deposit insurance premiums and regulatory assessments 3,875 3,323 7,657 7,315
Loan related expenses 3,573 4,175 7,157 8,656
Other real estate owned (gain on sale) expense (1,188) 4,486 (2,172) 15,351
Legal expense 5,467 4,150 9,911 11,323
Prepayment penalty for FHLB advances   2,336   3,657
Data processing 2,200 2,197 4,637 4,661
Deposit related expenses 1,516 1,657 3,090 3,084
Consulting expense 1,003 1,568 1,457 3,035
Other operating expenses 14,803 14,533 29,636 28,840
Total noninterest expense 94,420 101,608 190,775 216,371
INCOME BEFORE PROVISION FOR INCOME TAXES 111,870 104,394 218,380 212,189
PROVISION FOR INCOME TAXES 37,855 33,837 72,274 73,549
NET INCOME 74,015 70,557 146,106 138,640
PREFERRED STOCK DIVIDENDS 1,714 1,714 3,428 3,428
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 72,301 $ 68,843 $ 142,678 $ 135,212
EARNINGS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS        
BASIC (in dollars per share) $ 0.52 $ 0.48 $ 1.03 $ 0.93
DILUTED (in dollars per share) $ 0.52 $ 0.47 $ 1.03 $ 0.92
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING        
BASIC (in shares) 137,536 142,107 137,592 143,727
DILUTED (in shares) 137,816 147,786 141,573 149,414
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) $ 0.15 $ 0.10 $ 0.30 $ 0.20