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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Interest income    
Loans and leases $ 169,696 $ 170,290
Securities 41,576 44,262
Due from banks - interest-bearing 443 112
Federal funds sold and securities purchased under resale agreements 1,370 1,136
Total interest income 213,085 215,800
Interest expense    
Deposits 2,134 2,939
Federal funds purchased and securities sold under repurchase agreements   278
Subordinated debt 6,104 6,106
Other long-term debt 5,049 4,979
Other short-term borrowings   425
Total interest expense 13,287 14,727
Net interest income 199,798 201,073
Provision for losses on covered loans 4,655 9,892
Net interest income after provision 195,143 191,181
Noninterest income    
Trust and investment fees 53,306 46,653
Brokerage and mutual fund fees 10,042 8,066
Cash management and deposit transaction charges 12,033 13,009
International services 10,395 9,619
FDIC loss sharing expense, net (7,083) (4,352)
Gain on disposal of assets 2,826 1,114
Gain on sale of securities 2,122 1,046
Other 17,607 18,373
Impairment loss on securities:    
Total other-than-temporary impairment loss on securities   (492)
Less: Portion of loss recognized in other comprehensive income 0 492
Net impairment loss recognized in earnings 0 0
Total noninterest income 101,248 93,528
Noninterest expense    
Salaries and employee benefits 136,833 128,195
Net occupancy of premises 16,094 15,989
Legal and professional fees 12,950 11,952
Information services 9,346 9,391
Depreciation and amortization 7,828 8,172
Amortization of intangibles 1,487 1,932
Marketing and advertising 9,775 7,976
Office services and equipment 4,910 4,946
Other real estate owned 1,433 5,250
FDIC assessments 1,391 5,481
Other operating 12,846 12,056
Total noninterest expense 214,893 211,340
Income before income taxes 81,498 73,369
Income taxes 26,288 21,261
Net income 55,210 52,108
Less: Net income attributable to noncontrolling interest 699 585
Net income attributable to City National Corporation 54,511 51,523
Less: Dividends on preferred stock 4,094 2,406
Net income available to common shareholders $ 50,417 $ 49,117
Net income per common share, basic (in dollars per share) $ 0.91 $ 0.90
Net income per common share, diluted (in dollars per share) $ 0.90 $ 0.90
Weighted average common shares outstanding, basic (in shares) 54,689 53,731
Weighted average common shares outstanding, diluted (in shares) 55,429 54,068
Dividends per common share (in dollars per share) $ 0.33