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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest Income        
Loans and leases $ 169,992 $ 174,354 $ 332,931 $ 343,904
Securities available-for-sale 39,406 32,866 76,739 65,066
Trading securities 233 24 319 (28)
Due from banks - interest-bearing 407 424 705 770
Federal funds sold and securities purchased under resale agreements 98 135 252 157
Total interest income 210,136 207,803 410,946 409,869
Interest Expense        
Deposits 10,016 12,584 20,206 25,748
Federal funds purchased and securities sold under repurchase agreements 2 1,704 2 3,639
Subordinated debt 4,635 4,664 9,283 9,304
Other long-term debt 4,655 6,845 9,337 13,666
Other short-term borrowings 1 8 1 9
Total interest expense 19,309 25,805 38,829 52,366
Net interest income 190,827 181,998 372,117 357,503
Provision for credit losses on loans and leases, excluding covered loans   32,000   87,000
Provision for losses on covered loans 1,716 46,516 20,832 46,516
Net interest income after provision 189,111 103,482 351,285 223,987
Noninterest Income        
Trust and investment fees 36,687 33,976 72,325 67,485
Brokerage and mutual fund fees 4,864 5,461 10,525 10,742
Cash management and deposit transaction charges 10,905 12,008 22,630 24,584
International services 9,015 8,374 17,331 14,882
FDIC loss sharing (expense) income, net (10,684) 28,339 (2,079) 37,425
Gain (loss) on disposal of assets 8,422 (2,814) 10,846 (1,423)
Gain on sale of securities 1,689 355 1,819 2,489
Gain on acquisition 8,164 25,228 8,164 25,228
Other 23,169 12,215 44,727 19,606
Impairment loss on securities:        
Total other-than-temporary impairment loss on securities (4,132) (13,992) (4,296) (14,995)
Less: Portion of loss recognized in other comprehensive income 3,838 13,486 3,838 13,486
Net impairment loss recognized in earnings (294) (506) (458) (1,509)
Total noninterest income 91,937 122,636 185,830 199,509
Noninterest Expense        
Salaries and employee benefits 112,139 99,110 223,151 194,569
Net occupancy of premises 13,665 13,347 27,011 26,252
Legal and professional fees 14,790 13,754 24,867 22,937
Information services 8,335 7,538 15,832 15,054
Depreciation and amortization 6,904 6,363 13,652 12,710
Amortization of intangibles 2,104 2,128 4,272 4,575
Marketing and advertising 7,626 5,798 14,144 11,046
Office services and equipment 4,672 4,272 9,278 8,070
Other real estate owned 22,162 16,892 36,651 34,089
FDIC assessments 8,524 7,662 18,330 14,183
Other operating 10,911 9,823 22,041 19,136
Total noninterest expense 211,832 186,687 409,229 362,621
Income before income taxes 69,216 39,431 127,886 60,875
Income taxes 20,650 (2,859) 38,536 1,559
Net income 48,566 42,290 89,350 59,316
Less: Net income attributable to noncontrolling interest 1,095 972 2,187 2,300
Net income attributable to City National Corporation 47,471 41,318 87,163 57,016
Less: Dividends and accretion on preferred stock       5,702
Net income available to common shareholders $ 47,471 $ 41,318 $ 87,163 $ 51,314
Net income per share, basic (in dollars per share) $ 0.89 $ 0.78 $ 1.64 $ 0.98
Net income per share, diluted (in dollars per share) $ 0.88 $ 0.78 $ 1.62 $ 0.97
Shares used to compute net income per share, basic (in shares) 52,462 52,012 52,392 51,852
Shares used to compute net income per share, diluted (in shares) 52,977 52,542 52,931 52,336
Dividends per share (in dollars per share) $ 0.20 $ 0.10 $ 0.40 $ 0.20