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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 income:        
Loans, including fees $ 215,656 $ 232,283 $ 432,210 $ 470,805
Investment securities available for sale 12,986 18,795 23,718 39,900
Trading account assets 124 236 278 515
Mortgage loans held for sale 1,411 1,129 3,118 2,496
Federal Reserve Bank balances 904 958 1,684 2,009
Other earning assets 432 408 895 739
Total interest income 231,513 253,809 461,903 516,464
Interest expense:        
Deposits 15,894 25,898 32,610 56,385
Federal funds purchased and securities sold under repurchase agreements 80 170 170 350
Long-term debt 13,462 14,385 27,232 25,413
Total interest expense 29,436 40,453 60,012 82,148
Net interest income 202,077 213,356 401,891 434,316
Provision for loan losses 13,077 44,222 48,773 110,271
Net interest income after provision for loan losses 189,000 169,134 353,118 324,045
Non-interest income:        
Service charges on deposit accounts 19,195 18,684 38,716 36,915
Fiduciary and asset management fees 11,111 10,792 22,083 21,627
Brokerage revenue 7,002 6,295 14,595 12,942
Mortgage banking income 7,338 7,983 14,255 13,986
Bankcard fees 7,838 8,493 14,902 16,072
Investment securities gains, net 1,403 4,170 1,448 24,253
Other fee income 5,775 4,951 11,262 9,651
(Decrease) increase in fair value of private equity investments, net (883) 7,279 (1,140) 7,372
Other non-interest income 6,313 7,830 13,692 17,798
Total non-interest income 65,092 76,477 129,813 160,616
Non-interest expense:        
Salaries and other personnel expense 89,479 95,173 183,396 187,795
Net occupancy and equipment expense 26,383 26,159 50,550 52,865
FDIC insurance and other regulatory fees 7,941 13,302 16,420 27,966
Foreclosed real estate expense, net 7,502 20,708 18,441 43,680
Losses (gains) on other loans held for sale, net (86) (1,058) 79 (99)
Professional fees 10,416 9,929 17,511 19,196
Third-party services 10,366 9,900 20,295 19,037
Visa Indemnification charge 764 1,734 801 4,713
Restructuring charges 1,758 1,393 6,607 2,252
Other operating expenses 26,663 31,024 49,372 53,994
Total non-interest expense 181,186 208,264 363,472 411,399
Income before income taxes 72,906 37,347 119,459 73,262
Income tax expense (benefit) 27,371 (2,105) 44,350 (2,182)
Net income 45,535 39,452 75,109 75,444
Dividends and accretion of discount on Series A Preferred Stock 14,818 14,649 29,594 29,272
Net income available to common shareholders $ 30,717 $ 24,803 $ 45,515 $ 46,172
Earnings per common share:        
Net income per common share, basic $ 0.04 $ 0.03 $ 0.06 $ 0.06
Net income per common share, diluted $ 0.03 $ 0.03 $ 0.05 $ 0.05
Weighted average common shares outstanding, basic 851,093 786,576 819,245 786,355
Weighted average common shares outstanding, diluted 910,937 909,761 910,886 909,542