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Consolidated Statements of Operations (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 income:        
Loans, including fees $ 229,814 $ 251,952 $ 700,620 $ 773,586
Investment securities available for sale 15,039 26,620 55,511 83,969
Trading account assets 255 212 770 691
Mortgage loans held for sale 1,764 1,309 4,260 4,343
Federal Reserve Bank balances 688 1,839 2,697 5,363
Other earning assets 116 38 282 501
Total interest income 247,676 281,970 764,140 868,453
Interest expense:        
Deposits 21,144 42,653 77,529 138,086
Federal funds purchased and securities sold under repurchase agreements 155 256 505 851
Long-term debt 14,032 10,458 39,445 32,518
Total interest expense 35,331 53,367 117,479 171,455
Net interest income 212,345 228,603 646,661 696,998
Provision for loan losses 63,572 102,325 173,843 364,230
Net interest income after provision for loan losses 148,773 126,278 472,818 332,768
Non-interest income:        
Service charges on deposit accounts 20,404 20,039 57,319 59,595
Fiduciary and asset management fees 10,340 11,631 31,966 35,046
Brokerage revenue 6,844 6,556 19,786 19,067
Mortgage banking income 9,261 7,427 23,247 15,469
Bankcard fees 7,866 11,562 23,938 34,344
Investment securities gains, net 6,656 62,873 30,909 64,670
Other fee income 5,276 5,423 14,927 15,643
Increase (decrease) in fair value of private equity investments, net (944) (771) 6,428 (941)
Other non-interest income 7,530 8,652 25,329 22,512
Total non-interest income 73,233 133,392 233,849 265,405
Non-interest expense:        
Salaries and other personnel expense 93,177 93,184 280,972 278,431
Net occupancy and equipment expense 26,647 27,981 79,512 86,698
FDIC insurance and other regulatory fees 9,205 15,463 37,171 45,826
Foreclosed real estate expense, net 11,997 37,108 55,677 101,716
(Gains) losses on other loans held for sale, net 4,104 (846) 4,005 (2,591)
Professional fees 10,074 10,135 29,270 30,264
Data processing expense 8,284 9,024 25,020 27,225
Visa Indemnification charge 833 0 5,546 96
Restructuring charges 1,192 2,587 3,444 30,026
Loss on curtailment of post-retirement defined benefit plan     0 398
Other operating expenses 25,979 27,916 82,273 86,992
Total non-interest expense 191,492 222,552 602,890 684,683
Income (loss) before income taxes 30,514 37,118 103,777 (86,510)
Income tax benefit (211) 6,910 (2,393) 1,690
Net income (loss) 30,725 30,208 106,170 (88,200)
Net loss attributable to non-controlling interest 0 0 0 (220)
Net income (loss) available to controlling interest 30,725 30,208 106,170 (87,980)
Dividends and accretion of discount on preferred stock 14,695 14,541 43,968 43,510
Net income (loss) available to common shareholders $ 16,030 $ 15,667 $ 62,202 $ (131,490)
Earnings per common share:        
Net income (loss) available to common shareholders, basic $ 0.02 $ 0.02 $ 0.08 $ (0.17)
Net income (loss) available to common shareholders, diluted $ 0.02 $ 0.02 $ 0.07 $ (0.17)
Weighted average common shares outstanding, basic 786,576 785,280 786,429 785,267
Weighted average common shares outstanding, diluted 910,396 911,247 909,717 785,267