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Consolidated Statements of Income and Comprehensive Income (Unaudited) (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:        
Interest and fees on loans, including held for sale $ 107,904 $ 109,924 $ 222,460 $ 193,569
Investment securities        
Taxable 22,176 25,602 43,661 50,472
Tax-exempt 3,137 3,288 6,332 6,627
Total investment securities interest 25,313 28,890 49,993 57,099
Total interest income 133,217 138,814 272,453 250,668
Interest on deposits:        
Demand-interest bearing 177 149 361 301
Savings and money market accounts 7,398 7,873 15,243 15,474
Certificates and other time deposits 5,606 9,510 12,433 15,916
Interest on securities sold under agreements to repurchase 940 1,404 1,855 2,531
Interest on wholesale borrowings 1,653 3,111 3,292 9,285
Total interest expense 15,774 22,047 33,184 43,507
Net interest income 117,443 116,767 239,269 207,161
Provision for loan losses noncovered 10,138 20,366 27,156 45,859
Provision for loan losses covered 7,481 267 12,812 267
Net interest income after provision for loan losses 99,824 96,134 199,301 161,035
Other income:        
Trust department income 5,863 5,574 11,377 10,855
Service charges on deposits 15,712 17,737 30,622 33,103
Credit card fees 13,510 12,242 25,717 23,800
ATM and other service fees 3,063 2,844 5,980 5,353
Bank owned life insurance income 3,015 2,886 8,256 8,538
Investment services and insurance 1,972 2,535 4,419 4,463
Investment securities gains, net 889 651 889 651
Loan sales and servicing income 2,609 2,975 7,621 6,212
Gain on George Washington acquisition     0 1,041
Other operating income 4,858 5,765 9,366 9,093
Total other income 51,491 53,209 104,247 103,109
Other expenses:        
Salaries, wages, pension and employee benefits 56,713 51,899 116,583 100,055
Net occupancy expense 8,086 7,680 16,680 14,820
Equipment expense 6,816 6,735 13,652 12,785
Stationery, supplies and postage 2,750 2,696 5,455 5,389
Bankcard, loan processing and other costs 8,266 7,663 15,829 15,481
Professional services 5,940 7,845 11,734 13,082
Amortization of intangibles 543 669 1,086 903
FDIC expense 4,581 4,416 8,947 8,181
Other operating expense 16,373 16,120 34,548 29,040
Total other expenses 110,068 105,723 224,514 199,736
Income before income tax expense 41,247 43,620 79,034 64,408
Income tax expense 11,484 12,127 21,710 17,525
Net income 29,763 31,493 57,324 46,883
Other comprehensive income, net of taxes        
Unrealized securities' gains (losses), net of taxes 17,198 16,889 17,536 21,365
Less: reclassification adjustment for securities' gains (losses) realized in income, net of taxes 578 423 578 423
Total other comprehensive gain (loss), net of taxes 16,620 16,466 16,958 20,942
Comprehensive income 46,383 47,959 74,282 67,825
Net income applicable to common shares 29,763 31,493 57,324 46,883
Net income used in diluted EPS calculation $ 29,763 $ 31,493 $ 57,324 $ 46,883
Weighted average number of common shares outstanding - basic 109,138 98,968 108,954 93,400
Weighted average number of common shares outstanding - diluted 109,139 98,969 108,955 93,403
Basic earnings per share $ 0.27 $ 0.32 $ 0.53 $ 0.50
Diluted earnings per share $ 0.27 $ 0.32 $ 0.53 $ 0.50
Dividend per share $ 0.16 $ 0.16 $ 0.32 $ 0.32