XML 11 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Condensed Statements Of Income (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 $ 160,928 $ 173,472 $ 324,431 $ 346,815
Interest on investment securities 31,250 29,092 60,442 60,247
Interest on loans held for sale 3,267 5,565 6,924 10,533
Interest on trading securities 11,224 11,450 22,068 21,164
Interest on other earning assets 88 786 497 1,102
Total interest income 206,757 220,365 414,362 439,861
Interest expense:        
Savings 7,019 8,095 14,269 15,513
Time deposits 7,783 9,894 15,815 20,488
Other interest-bearing deposits 1,638 2,654 3,190 5,172
Certificates of deposit $100,000 and more 2,613 3,414 5,322 6,788
Interest on trading liabilities 4,102 5,043 7,893 10,458
Interest on short-term borrowings 1,468 1,747 3,009 3,669
Interest on term borrowings 9,274 7,454 19,249 15,314
Total interest expense 33,897 38,301 68,747 77,402
Net interest income 172,860 182,064 345,615 362,459
Provision for loan losses 1,000 70,000 2,000 175,000
Net interest income after provision for loan losses 171,860 112,064 343,615 187,459
Noninterest income:        
Capital markets 77,921 100,876 167,978 215,447
Mortgage banking 32,101 63,301 59,827 98,185
Deposit transactions and cash management 35,060 39,018 67,697 74,785
Trust services and investment management 6,684 6,850 13,044 13,173
Brokerage management fees and commissions 6,139 6,006 13,028 12,345
Insurance commissions 835 1,358 1,591 2,511
Debt securities gains/(losses), net 1   772  
Equity securities gains/(losses), net   75 27 (1,831)
All other income and commissions (Note 7) 30,031 26,453 62,350 72,571
Total noninterest income 188,772 243,937 386,314 487,186
Adjusted gross income after provision for loan losses 360,632 356,001 729,929 674,645
Noninterest expense:        
Employee compensation, incentives, and benefits 151,880 161,381 309,059 338,374
Repurchase and foreclosure provision 24,563 56,188 61,767 96,894
Operations services 13,973 15,310 27,901 29,907
Occupancy 13,110 15,367 28,020 29,829
Legal and professional fees 20,624 18,083 39,182 32,010
FDIC premium expense 8,839 9,196 16,894 17,689
Computer software 8,380 7,337 16,470 14,419
Contract employment 8,177 7,274 15,098 13,448
Equipment rentals, depreciation, and maintenance 8,503 7,572 16,419 13,534
Foreclosed real estate 5,803 5,137 12,592 15,607
Communications and courier 5,084 5,835 10,331 12,024
Miscellaneous loan costs 859 4,546 2,351 8,658
Amortization of intangible assets 1,032 1,078 2,064 2,156
All other expense (Note7) 74,999 23,007 102,825 50,741
Total noninterest expense 345,826 337,311 660,973 675,290
Income/(loss) before income taxes 14,806 18,690 68,956 (645)
Provision/(benefit) for income taxes (4,242) (1,659) 7,866 (18,177)
Income from continuing operations 19,048 20,349 61,090 17,532
Income/(loss) from discontinued operations, net of tax 3,788 129 4,748 (6,947)
Net income 22,836 20,478 65,838 10,585
Net income attributable to noncontrolling interest 2,844 2,844 5,688 5,688
Net income attributable to controlling interest 19,992 17,634 60,150 4,897
Preferred stock dividends   14,938   29,856
Net income/(loss) available to common shareholders $ 19,992 $ 2,696 $ 60,150 $ (24,959)
Basic earnings/(loss) per share from continuing operations (Note 8) $ 0.06 $ 0.01 $ 0.21 $ (0.08)
Diluted earnings/(loss) per share from continuing operations (Note 8) $ 0.06 $ 0.01 $ 0.21 $ (0.08)
Basic earnings/(loss) per share available to common shareholders (Note 8) $ 0.08 $ 0.01 $ 0.23 $ (0.11)
Diluted earnings/(loss) per share available to common shareholders (Note 8) $ 0.08 $ 0.01 $ 0.23 $ (0.11)
Weighted average common shares (Note 8) 261,289 [1] 234,556 [1] 261,233 [1] 234,513 [1]
Diluted average common shares (Note 8) 262,756 [1] 240,968 [1] 263,690 [1] 234,513 [1]
[1] All share data has been restated to reflect stock dividends distributed through January 1, 2011.