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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
INTEREST INCOME        
Loans, including fees $ 140,511 $ 149,460 $ 426,398 $ 448,707
Investment securities:        
Taxable 16,658 20,166 53,943 62,722
Tax-exempt 2,558 2,896 7,855 9,217
Dividends 720 698 2,060 2,077
Loans held for sale 578 425 1,547 1,417
Other interest income 35 91 133 225
Total Interest Income 161,060 173,736 491,936 524,365
INTEREST EXPENSE        
Deposits 13,848 19,684 44,841 64,745
Short-term borrowings 220 151 912 573
Long-term debt 11,111 12,408 34,077 37,346
Total Interest Expense 25,179 32,243 79,830 102,664
Net Interest Income 135,881 141,493 412,106 421,701
Provision for credit losses 23,000 31,000 76,500 105,000
Net Interest Income After Provision for Credit Losses 112,881 110,493 335,606 316,701
NON-INTEREST INCOME        
Service charges on deposit accounts 15,651 15,164 45,860 42,801
Other service charges and fees 11,119 12,507 33,181 36,698
Mortgage banking income 10,594 7,942 31,787 19,454
Investment management and trust services 9,429 8,914 28,628 27,756
Other 5,169 4,055 14,761 11,163
Other-than-temporary impairment losses (43) (509) (100) (1,601)
Less: Portion of gain recognized in other comprehensive income (before taxes) 0 (80) 0 (672)
Net other-than-temporary impairment losses (43) (589) (100) (2,273)
Net gains on sale of investment securities 85 146 2,931 3,780
Investment securities gains (losses), net 42 (443) 2,831 1,507
Total Non-Interest Income 52,004 48,139 157,048 139,379
NON-INTEREST EXPENSE        
Salaries and employee benefits 62,161 58,948 182,612 169,326
Net occupancy expense 11,161 10,790 33,301 33,030
Other outside services 4,996 1,846 11,782 5,256
Equipment expense 3,816 3,032 10,370 9,541
Data processing 3,776 3,473 11,223 10,059
FDIC insurance expense 3,029 3,732 9,052 11,750
Professional Fees 2,728 3,247 8,294 9,198
Software 2,511 2,142 6,958 6,146
Other real estate owned and repossession expense 2,096 2,548 7,847 4,801
Operating risk loss 1,404 776 6,827 306
Intangible amortization 756 953 2,318 3,303
Marketing 648 1,923 5,703 6,622
Other 10,961 12,457 36,610 38,278
Total Non-Interest Expense 110,043 105,867 332,897 307,616
Income Before Income Taxes 54,842 52,765 159,757 148,464
Income taxes 13,260 13,441 40,152 38,970
Net Income $ 41,582 $ 39,324 $ 119,605 $ 109,494
PER SHARE:        
Net Income (Basic) $ 0.21 $ 0.20 $ 0.60 $ 0.55
Net Income (Diluted) $ 0.21 $ 0.20 $ 0.60 $ 0.55
Cash Dividends $ 0.08 $ 0.05 $ 0.22 $ 0.14