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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest Income    
Loans and leases$ 175,435$ 177,526$ 508,366$ 521,430
Securities available-for-sale40,80335,716117,541100,783
Trading securities90344106
Due from banks - interest-bearing4745461,1791,315
Federal funds sold and securities purchased under resale agreements90239342396
Total interest income216,892214,061627,838623,930
Interest Expense    
Deposits8,53512,41728,74238,165
Federal funds purchased and securities sold under repurchase agreements 1,65225,291
Subordinated debt4,4194,69713,70114,001
Other long-term debt4,6227,57913,95821,245
Other short-term borrowings  29
Total interest expense17,57626,34556,40578,711
Net interest income199,316187,716571,433545,219
Provision for credit losses on loans and leases, excluding covered loans7,50013,0007,500100,000
Provision for losses on covered loans5,1478,23325,97954,749
Net interest income after provision186,669166,483537,954390,470
Noninterest Income    
Trust and investment fees35,41232,695107,737100,180
Brokerage and mutual fund fees5,0796,49415,60417,236
Cash management and deposit transaction charges10,98611,62033,61636,204
International services10,3527,90527,68322,787
FDIC loss sharing (expense) income, net(14,191)(377)(16,270)37,048
Gain on disposal of assets5,1912,60316,0371,180
Gain on sale of securities3,5204515,3392,940
Gain on acquisition 2,1118,16427,339
Other13,4793,44858,20623,054
Impairment loss on securities:    
Total other-than-temporary impairment loss on securities(4,549)(11,739)(5,007)(13,248)
Less: Portion of loss recognized in other comprehensive income4,35611,5874,35611,587
Net impairment loss recognized in earnings(193)(152)(651)(1,661)
Total noninterest income69,63566,798255,465266,307
Noninterest Expense    
Salaries and employee benefits112,729103,397335,880297,966
Net occupancy of premises13,71314,46340,72440,715
Legal and professional fees14,24210,63339,10933,570
Information services7,9067,94023,73822,994
Depreciation and amortization6,9306,35120,58219,061
Amortization of intangibles2,1052,2286,3776,803
Marketing and advertising6,6754,95420,81916,000
Office services and equipment4,4564,03513,73412,105
Other real estate owned13,16012,64249,81146,731
FDIC assessments6,6707,56125,00021,744
Other operating9,05110,47731,09229,613
Total noninterest expense197,637184,681606,866547,302
Income before income taxes58,66748,600186,553109,475
Income taxes16,26713,46154,80315,020
Net income42,40035,139131,75094,455
Less: Net income attributable to noncontrolling interest1,0027213,1893,021
Net income attributable to City National Corporation41,39834,418128,56191,434
Less: Dividends and accretion on preferred stock   5,702
Net income available to common shareholders$ 41,398$ 34,418$ 128,561$ 85,732
Net income per share, basic (in dollars per share)$ 0.78$ 0.65$ 2.41$ 1.63
Net income per share, diluted (in dollars per share)$ 0.77$ 0.65$ 2.39$ 1.62
Shares used to compute net income per share, basic (in shares)52,48152,10552,42251,937
Shares used to compute net income per share, diluted (in shares)52,72052,49852,88252,391
Dividends per share (in dollars per share)$ 0.20$ 0.10$ 0.60$ 0.30