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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
INTEREST INCOME    
Loans, including fees $ 52,582 $ 55,721
Investment securities    
Taxable 11,121 9,685
Tax-exempt 6,404 7,114
Deposits with banks 26 75
Total interest income 70,133 72,595
INTEREST EXPENSE    
Deposits 4,773 5,914
Customer repurchase agreements 393 498
Repurchase agreements 601 719
Short-term borrowings 0 41
Federal Home Loan Bank advances 1,548 2,334
Subordinated debentures 529 1,465
Total interest expense 7,844 10,971
Net interest income 62,289 61,624
Provision for loan losses 1,251 1,500
Net interest income after provision for loan losses 61,038 60,124
NON-INTEREST INCOME    
Wealth management 6,866 6,831
Service charges on deposit accounts 3,384 3,770
Insurance commissions and fees 3,597 3,267
Cash management and electronic banking fees 4,526 4,451
Mortgage banking 716 1,855
Bank owned life insurance 1,198 1,228
Losses of unconsolidated investments (477) (14)
Other operating income 1,660 2,053
Net gains from fair value changes of subordinated debentures 0 2,111
Net gains on sales of investment securities 8 25
Total non-interest income 21,478 25,577
NON-INTEREST EXPENSE    
Salaries, wages and employee benefits 29,201 29,230
Premises and equipment 8,212 7,491
FDIC insurance 1,317 1,213
Other operating expenses 13,607 14,500
Loss on debt extinguishment 0 64,888
Total non-interest expense 52,337 117,322
Income (loss) before income taxes 30,179 (31,621)
Income tax expense (benefit) 7,469 (14,217)
Net Income (loss) $ 22,710 $ (17,404)
PER SHARE    
Basic earnings $ 0.16 $ (0.12)
Diluted earnings $ 0.16 $ (0.12)
Dividends paid in cash $ 0.10 $ 0.00