LOANS AND LEASES (Tables)

6 Months Ended

Jun. 30, 2011

Gross Loans and Leases by Segment and Class

A summary of gross loans and leases by segment and class as of the dates indicated follows:

	June 30,				December 31,
	2011		2010		2010
	(In thousands)

Commercial and industrial	$	1,540,048	$	1,499,152	$	1,505,471
Real estate
Consumer mortgages		1,971,499		1,981,475		1,951,563
Home equity		531,787		555,281		543,272
Agricultural		255,310		260,489		252,292
Commercial and industrial-owner occupied		1,366,734		1,407,704		1,331,473
Construction, acquisition and development		1,060,675		1,419,303		1,174,743
Commercial		1,764,648		1,794,644		1,816,951
Credit cards		101,955		102,784		106,345
All other		663,223		670,791		694,241
Total	$	9,255,879	$	9,691,623	$	9,376,351

Loans and Leases, Net of Unearned Income by Segment, Class and Geographical Location

The following table shows the Company’s loans and leases, net of unearned income, as of June 30, 2011 by segment, class and geographical location:

	Alabama								Greater
	and Florida								Memphis		Northeast		Texas and
	Panhandle		Arkansas		Mississippi		Missouri		Area		Tennessee		Louisiana		Other		Total
	(In thousands)
Commercial and industrial	$	63,477	$	219,533	$	322,786	$	85,073	$	24,045	$	84,544	$	274,812	$	452,416	$	1,526,686
Real estate
Consumer mortgages		114,266		273,338		779,838		66,163		87,596		164,453		412,493		73,352		1,971,499
Home equity		64,043		43,224		178,305		29,297		73,790		79,307		62,617		1,204		531,787
Agricultural		7,338		73,285		75,142		5,642		16,248		13,629		58,370		5,656		255,310
Commercial and industrial-owner occupied		125,567		175,098		472,765		74,684		109,132		101,806		246,369		61,313		1,366,734
Construction, acquisition and development		133,335		86,795		273,624		88,309		128,537		130,962		208,406		10,707		1,060,675
Commercial		195,722		340,963		344,926		241,209		132,670		105,507		354,065		49,586		1,764,648
Credit cards		-		-		-		-		-		-		-		101,955		101,955
All other		14,936		42,680		79,088		1,409		48,596		28,516		29,521		390,513		635,259
Total	$	718,684	$	1,254,916	$	2,526,474	$	591,786	$	620,614	$	708,724	$	1,646,653	$	1,146,702	$	9,214,553

Aging of Loan and Lease Portfolio, Net of Unearned Income, by Segment and Class

The following tables provide details regarding the aging of the Company’s loan and lease portfolio, net of unearned income, by segment and class at June 30, 2011 and December 31, 2010:

	June 30, 2011
													90+ Days
	30-59 Days		60-89 Days		90+ Days		Total				Total		Past Due still
	Past Due		Past Due		Past Due		Past Due		Current		Outstanding		Accruing
	(In thousands)
Commercial and industrial	$	7,022	$	1,691	$	2,503	$	11,216	$	1,515,470	$	1,526,686	$	118
Real estate
Consumer mortgages		14,463		7,639		12,713		34,815		1,936,684		1,971,499		2,482
Home equity		2,779		348		912		4,039		527,748		531,787		242
Agricultural		2,600		318		2,841		5,759		249,551		255,310		-
Commercial and industrial-owner occupied		5,169		2,405		12,518		20,092		1,346,642		1,366,734		-
Construction, acquisition and development		11,375		17,150		64,323		92,848		967,827		1,060,675		432
Commercial		5,433		1,758		18,980		26,171		1,738,477		1,764,648		19
Credit cards		530		337		630		1,497		100,458		101,955		299
All other		2,725		312		894		3,931		631,328		635,259		388
Total	$	52,096	$	31,958	$	116,314	$	200,368	$	9,014,185	$	9,214,553	$	3,980

	December 31, 2010
													90+ Days
	30-59 Days		60-89 Days		90+ Days		Total				Total		Past Due still
	Past Due		Past Due		Past Due		Past Due		Current		Outstanding		Accruing
	(In thousands)
Commercial and industrial	$	13,037	$	848	$	12,000	$	25,885	$	1,465,298	$	1,491,183	$	675
Real estate
Consumer mortgages		16,937		4,481		20,640		42,058		1,909,505		1,951,563		6,521
Home equity		1,258		800		755		2,813		540,459		543,272		173
Agricultural		1,140		3,450		3,527		8,117		244,175		252,292		123
Commercial and industrial-owner occupied		9,260		1,290		7,323		17,873		1,313,600		1,331,473		20
Construction, acquisition and development		22,436		9,837		94,264		126,537		1,048,206		1,174,743		197
Commercial		4,409		4,712		10,507		19,628		1,797,323		1,816,951		-
Credit cards		793		373		780		1,946		104,399		106,345		330
All other		2,058		1,117		847		4,022		661,263		665,285		461
Total	$	71,328	$	26,908	$	150,643	$	248,879	$	9,084,228	$	9,333,107	$	8,500

Loan and Lease Portfolio, Net of Unearned Income, by Segment, Class and Internally Assigned Grade

The following tables provide details of the Company’s loan and lease portfolio, net of unearned income, by segment, class and internally assigned grade at June 30, 2011 and December 31, 2010:

	June 30, 2011
			Special
	Pass		Mention		Substandard		Doubtful		Loss		Impaired		Total
	(In thousands)
Commercial and industrial	$	1,477,497	$	1,312	$	40,160	$	1,282	$	450	$	5,985	$	1,526,686
Real estate
Consumer mortgage		1,817,381		3,885		123,392		3,485		87		23,269		1,971,499
Home equity		512,791		793		16,501		427		605		670		531,787
Agricultural		229,001		2,486		16,507		-		-		7,316		255,310
Commercial and industrial-owner occupied		1,269,218		2,304		73,272		651		99		21,190		1,366,734
Construction, acquisition and development		728,194		20,348		114,222		594		286		197,031		1,060,675
Commercial		1,606,844		9,130		102,762		59		-		45,853		1,764,648
Credit Cards		101,645		11		281		18		-		-		101,955
All other		613,573		76		18,847		411		9		2,343		635,259
Total	$	8,356,144	$	40,345	$	505,944	$	6,927	$	1,536	$	303,657	$	9,214,553

	December 31, 2010
			Special
	Pass		Mention		Substandard		Doubtful		Loss		Impaired		Total
	(In thousands)
Commercial and industrial	$	1,429,443	$	5,764	$	51,562	$	1,577	$	701	$	2,136	$	1,491,183
Real estate
Consumer mortgage		1,813,740		1,867		104,504		3,106		123		28,223		1,951,563
Home equity		527,047		1,231		13,169		613		361		851		543,272
Agricultural		226,054		309		21,614		-		20		4,295		252,292
Commercial and industrial-owner occupied		1,250,265		1,422		62,783		900		30		16,073		1,331,473
Construction, acquisition and development		845,725		1,882		138,929		2,243		1,046		184,918		1,174,743
Commercial		1,688,228		5,565		86,358		98		495		36,207		1,816,951
Credit Cards		106,181		11		146		7		-		-		106,345
All other		641,292		35		22,735		477		44		702		665,285
Total	$	8,527,975	$	18,086	$	501,800	$	9,021	$	2,820	$	273,405	$	9,333,107

Impaired Loans and Leases, Net of Unearned Income, by Segment and Class

The following tables provide details regarding impaired loans and leases, net of unearned income, by segment and class at June 30, 2011 and December 31, 2010:

	June 30, 2011
			Unpaid				Average Recorded Investment				Interest Income Recognized
	Recorded		Principal		Related		Three months		Six months		Three months		Six months
	Investment in		Balance of		Allowance for		ended		ended		ended		ended
	Impaired Loans		Impaired Loans		Credit Losses		June 30, 2011		June 30, 2011		June 30, 2011		June 30, 2011
	(In thousands)
With no related allowance:
Commercial and industrial	$	4,395	$	6,269	$	-	$	5,589	$	4,258	$	31	$	36
Real estate
Consumer mortgage		15,758		19,023		-		27,727		23,897		195		259
Home equity		456		561		-		632		489		-		-
Agricultural		2,101		2,177		-		3,808		3,120		18		18
Commercial and industrial-owner occupied		12,060		16,955		-		12,727		10,162		53		110
Construction, acquisition and development		118,763		160,553		-		156,510		122,221		391		461
Commercial		10,681		14,502		-		23,220		23,506		112		160
All other		819		5,297		-		2,283		1,535		51		59
Total	$	165,033	$	225,337	$	-	$	232,496	$	189,188	$	851	$	1,103

With an allowance:
Commercial and industrial	$	1,590	$	1,688	$	456	$	3,794	$	4,342	$	5	$	5
Real estate
Consumer mortgage		7,985		8,089		2,278		16,603		17,987		102		249
Home equity		214		214		39		144		385		1		1
Agricultural		5,215		5,690		1,729		4,202		3,887		4		18
Commercial and industrial-owner occupied		9,130		9,450		3,151		12,191		12,150		45		58
Construction, acquisition and development		78,268		85,856		27,721		87,236		95,224		572		965
Commercial		35,172		37,386		10,642		34,377		31,134		183		399
All other		1,050		1,050		794		3,396		1,706		4		5
Total	$	138,624	$	149,423	$	46,810	$	161,943	$	166,815	$	916	$	1,700

Total:
Commercial and industrial	$	5,985	$	7,957	$	456	$	9,383	$	8,600	$	36	$	41
Real estate
Consumer mortgage		23,743		27,112		2,278		44,330		41,884		297		508
Home equity		670		775		39		776		874		1		1
Agricultural		7,316		7,867		1,729		8,010		7,007		22		36
Commercial and industrial- owner occupied		21,190		26,405		3,151		24,918		22,312		98		168
Construction, acquisition and development		197,031		246,409		27,721		243,746		217,445		963		1,426
Commercial		45,853		51,888		10,642		57,597		54,640		295		559
All other		1,869		6,347		794		5,679		3,241		55		64
Total	$	303,657	$	374,760	$	46,810	$	394,439	$	356,003	$	1,767	$	2,803

	December 31, 2010
			Unpaid
	Recorded		Principal		Related
	Investment in		Balance of		Allowance for
	Impaired Loans		Impaired Loans		Credit Losses
	(In thousands)
With no related allowance:
Commercial and industrial	$	1,457	$	2,600	$	-
Real estate
Consumer mortgage		11,228		14,273		-
Home equity		290		629		-
Agricultural		1,439		1,981		-
Commercial and industrial-owner occupied		10,920		12,371		-
Construction, acquisition and development		80,204		120,938		-
Commercial		15,795		20,478		-
All other		702		931		-
Total	$	122,035	$	174,201	$	-

With an allowance:
Commercial and industrial	$	679	$	977	$	125
Real estate
Consumer mortgage		16,995		16,644		4,226
Home equity		561		561		41
Agricultural		2,856		3,132		544
Commercial and industrial-owner occupied		5,153		5,298		1,361
Construction, acquisition and development		104,714		123,538		29,195
Commercial		20,412		21,026		5,227
All other		-		-		-
Total	$	151,370	$	171,176	$	40,719

Total:
Commercial and industrial	$	2,136	$	3,577	$	125
Real estate
Consumer mortgage		28,223		30,917		4,226
Home equity		851		1,190		41
Agricultural		4,295		5,113		544
Commercial and industrial-owner occupied		16,073		17,669		1,361
Construction, acquisition and development		184,918		244,476		29,195
Commercial		36,207		41,504		5,227
All other		702		931		-
Total	$	273,405	$	345,377	$	40,719

The following tables provide details regarding impaired construction, acquisition and development loans and leases, net of unearned income, by collateral type at June 30, 2011 and December 31, 2010:

	June 30, 2011
			Unpaid				Average Recorded Investment				Interest Income Recognized
	Recorded		Principal		Related		Three months		Six months		Three months		Six months
	Investment in		Balance of		Allowance for		ended		ended		ended		ended
	Impaired Loans		Impaired Loans		Credit Losses		June 30, 2011		June 30, 2011		June 30, 2011		June 30, 2011
	(In thousands)
With no related allowance:
Multi-family construction	$	9,174	$	11,756	$	-	$	10,205	$	9,466	$	-	$	-
One-to-four family construction		14,297		17,753		-		11,172		7,861		28		33
Recreation and all other loans		774		1,230		-		660		403		3		4
Commercial construction		8,157		12,097		-		20,194		15,974		53		55
Commercial acquisition and development		19,232		25,254		-		24,619		20,560		49		49
Residential acquisition and development		67,129		92,463		-		89,660		67,957		258		320
Total	$	118,763	$	160,553	$	-	$	156,510	$	122,221	$	391	$	461

With an allowance:
Multi-family construction	$	-	$	-	$	-	$	981	$	1,184	$	-	$	-
One-to-four family construction		8,871		8,977		2,535		5,113		5,120		44		44
Recreation and all other loans		-		-		0		291		474		-		2
Commercial construction		8,460		12,532		2,264		7,210		8,452		25		70
Commercial acquisition and development		17,203		17,695		6,083		16,463		16,505		175		331
Residential acquisition and development		43,734		46,652		16,839		57,178		63,489		328		518
Total	$	78,268	$	85,856	$	27,721	$	87,236	$	95,224	$	572	$	965

Total:
Multi-family construction	$	9,174	$	11,756	$	-	$	11,186	$	10,650	$	-	$	-
One-to-four family construction		23,168		26,730		2,535		16,285		12,981		72		77
Recreation and all other loans		774		1,230		-		951		877		3		6
Commercial construction		16,617		24,629		2,264		27,404		24,426		78		125
Commercial acquisition and development		36,435		42,949		6,083		41,082		37,065		224		380
Residential acquisition and development		110,863		139,115		16,839		146,838		131,446		586		838
Total	$	197,031	$	246,409	$	27,721	$	243,746	$	217,445	$	963	$	1,426

`	December 31, 2010
			Unpaid
	Recorded		Principal		Related
	Investment in		Balance of		Allowance for
	Impaired Loans		Impaired Loans		Credit Losses
	(In thousands)
With no related allowance:
Multi-family construction	$	8,293	$	9,975	$	-
One-to-four family construction		6,511		11,749		-
Recreation and all other loans		392		580		-
Commercial construction		11,171		13,062		-
Commercial acquisition and development		7,897		12,501		-
Residential acquisition and development		45,940		73,071		-
Total	$	80,204	$	120,938	$	-

With an allowance:
Multi-family construction	$	1,904	$	6,978	$	4
One-to-four family construction		11,939		14,846		932
Recreation and all other loans		498		498		148
Commercial construction		12,459		12,612		5,246
Commercial acquisition and development		21,575		21,575		8,424
Residential acquisition and development		56,339		67,029		14,441
Total	$	104,714	$	123,538	$	29,195

Total:
Multi-family construction	$	10,197	$	16,953	$	4
One-to-four family construction		18,450		26,595		932
Recreation and all other loans		890		1,078		148
Commercial construction		23,630		25,674		5,246
Commercial acquisition and development		29,472		34,076		8,424
Residential acquisition and development		102,279		140,100		14,441
Total	$	184,918	$	244,476	$	29,195

Non-Performing Loans and Leases

The following table presents information concerning NPLs as of the dates indicated:

	June 30,				December 31,
	2011		2010		2010
	(In thousands)

Non-accrual loans and leases	$	331,076	$	263,758	$	347,499
Loans and leases 90 days or more past due, still accruing		3,980		17,696		8,500
Restructured loans and leases still accruing		44,786		20,813		38,376
Total non-performing loans and leases	$	379,842	$	302,267	$	394,375

Nonaccrual Loans and Leases by Segment and Class

The following table presents the Company’s nonaccrual loans and leases by segment and class as of the dates indicated:

	June 30,				December 31,
	2011		2010		2010
	(In thousands)
Commercial and industrial	$	9,337	$	6,280	$	13,075
Real estate
Consumer mortgages		34,174		22,618		34,021
Home equity		1,232		1,565		811
Agricultural		8,526		3,972		7,589
Commercial and industrial-owner occupied		26,387		12,061		20,338
Construction, acquisition and development		200,434		174,725		211,547
Commercial		48,571		38,921		57,766
Credit cards		546		726		720
All other		1,869		2,890		1,632
Total	$	331,076	$	263,758	$	347,499