XML 25 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income and Comprehensive 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 and loans held for sale $ 178,535 $ 103,126 $ 277,206 $ 206,208
Investment securities:        
Taxable 29,138 21,783 48,377 44,201
Tax-exempt 6,098 3,846 10,143 7,426
Total investment securities interest 35,236 25,629 58,520 51,627
Total interest income 213,771 128,755 335,726 257,835
Interest expense:        
Demand-interest bearing 656 236 974 483
Savings and money market accounts 6,469 5,033 11,784 10,136
Certificates and other time deposits 3,374 3,169 5,437 6,693
Securities sold under agreements to repurchase 329 276 642 544
Wholesale borrowings 1,169 1,118 2,019 2,269
Long-term Debt 3,743   5,491 0
Total interest expense 15,740 9,832 26,347 20,125
Net interest income 198,031 118,923 309,379 237,710
Provision for originated loan losses (3,151) (8,766) (8,959) (16,895)
Provision for covered loan losses (4,158) (3,430) (8,297) (9,362)
Net interest income after provision for loan losses 190,722 106,727 292,123 211,453
Other income:        
Trust department income 9,167 5,730 14,907 11,357
Service charges on deposits 20,582 14,478 33,168 28,887
Credit card fees 14,317 11,216 24,540 21,396
ATM and other service fees 4,945 3,890 8,280 7,680
Bank owned life insurance income 3,641 2,923 8,538 5,979
Investment services and insurance 3,429 2,388 5,844 4,635
Investment securities (losses) gains, net (2,794) 548 (2,803) 808
Loan sales and servicing income 7,985 5,139 15,848 11,830
Other operating income 8,167 8,989 18,510 14,455
Total other income 69,439 55,301 126,832 107,027
Other expenses:        
Salaries, wages, pension and employee benefits 105,099 61,598 163,005 125,571
Net occupancy expense 13,346 7,971 21,628 16,563
Equipment expense 10,309 7,598 17,659 14,702
Stationery, supplies and postage 3,407 2,285 5,503 4,428
Bankcard, loan processing and other costs 12,417 8,858 20,257 16,511
Professional services 17,144 9,307 22,554 12,659
Amortization of intangibles 2,411 483 2,728 966
FDIC expense 4,149 3,463 7,675 7,183
Other operating expense 21,358 17,514 35,556 34,262
Total other expenses 189,640 119,077 296,565 232,845
Income before income tax expense 70,521 42,951 122,390 85,635
Income tax expense 22,071 12,366 36,594 24,706
Net income 48,450 30,585 85,796 60,929
Other comprehensive income (loss), net of taxes:        
Changes in unrealized securities' holding gains and (losses), net of taxes of ($26.7) million and $2.2 million for the quarter ended and ($31.0) million and $3.2 million for the six months ended, respectively (49,593) 4,103 (57,513) 5,987
Reclassification for realized securities' (gains) and losses, net of taxes of ($0.98) million and $0.19 million for the quarter ended and ($0.98)million and $0.28 million for the six months ended, respectively 1,816 (356) 1,822 (525)
Total other comprehensive gain (loss), net of taxes (47,777) 3,747 (55,691) 5,462
Comprehensive income 673 34,332 30,105 66,391
Net income available to common shareholders 46,597 30,472 82,584 60,786
Net income used in diluted EPS calculation $ 46,597 $ 30,472 $ 82,584 $ 60,786
Weighted average number of common shares outstanding - basic 157,863 109,562 133,909 109,386
Weighted average number of common shares outstanding-diluted 157,982 109,562 133,969 109,386
Basic earnings per common share (in dollars per share) $ 0.30 $ 0.28 $ 0.62 $ 0.56
Diluted earnings per common share (in dollars per share) $ 0.29 $ 0.28 $ 0.62 $ 0.56
Dividend per common share (in dollars per share) $ 0.16 $ 0.16 $ 0.32 $ 0.32