Acquisitions (Tables)

6 Months Ended

Jun. 30, 2011

Acquisitions (Tables) [Abstract]

Fair value of acquired loan portfolio

	May 16, 2011
	(in thousands)
Contractually required principal and interest at acquisition	$	8,336,755
Contractual cash flows not expected to be collected		(1,209,749	)
Expected cash flows at acquisition		7,127,006
Interest component of expected cash flows		(716, 576	)
Basis in acquired loans at acquisition — estimated fair value	$	6,410,430

Consideration paid for acquired identifiable assets and liabilities

	(in thousands)
Purchase price:
Value of:
Common shares issued (4,694,486 shares)	$	405,557
Preferred stock purchased from U.S. Treasury		330,000
Total purchase price		735,557
Identifiable assets:
Cash and due from banks		178,940
Interest-bearing deposits at banks		2,606,265
Other short-term investments		57,817
Investment securities		510,390
Loans and leases		6,410,430
Core deposit and other intangibles		176,194
Other assets		905,006
Total identifiable assets		10,845,042
Liabilities:
Deposits		8,864,161
Short-term borrowings		147,752
Long-term borrowings		600,830
Other liabilities		431,812
Total liabilities		10,044,555
Net gain resulting from acquisition	$	64,930

Pro forma information

	Actual since		Pro forma
	acquisition		Six months ended
	through		June 30,
	June 30, 2011		2011		2010
	(in thousands)
Total revenues (a)	$	79,140		2,208,188		2,002,497
Net income		3,068		480,948		189,246

(a) Represents net interest income plus other income.

Summary of merger-related expenses associated with the Bradford and Provident acquisitions

	Three months ended		Six months ended
	June 30, 2011		June 30, 2011
	(in thousands)
Salaries and employee benefits	$	15,305	$	15,312
Equipment and net occupancy		25		104
Printing, postage and supplies		318		465
Other costs of operations		21,348		25,410
	$	36,996	$	41,291