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Consolidated Statements of Operations (Unaudited) (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 REVENUE:        
Loans and leases $ 116,892 $ 124,621 $ 234,250 $ 251,577
Deposits with other banks 124 33 246 54
Federal funds sold and securities purchased under agreement to resell 35 143 166 225
Held-to-maturity securities:        
Taxable 5,066 9,363 13,080 18,778
Tax-exempt 2,291 2,412 5,638 4,873
Available-for-sale securities:        
Taxable 10,451 8,030 19,036 16,415
Tax-exempt 1,871 833 2,695 1,665
Loans held for sale 505 727 952 1,233
Total interest revenue 137,235 146,162 276,063 294,820
Deposits:        
Interest bearing demand 6,039 9,751 12,585 19,143
Savings 810 915 1,636 1,804
Other time 16,285 21,535 33,768 43,064
Federal funds purchased and securities sold under agreement to repurchase 135 215 287 443
Federal Home Loan Bank borrowings 1,194 1,553 2,717 3,433
Junior subordinated debt 2,860 2,862 5,719 5,717
Other 0 2 2 5
Total interest expense 27,323 36,833 56,714 73,609
Net interest revenue 109,912 109,329 219,349 221,211
Provision for credit losses 32,240 62,354 85,719 105,873
Net interest revenue, after provision for credit losses 77,672 46,975 133,630 115,338
NONINTEREST REVENUE:        
Mortgage lending 2,003 (2,304) 9,584 2,721
Credit card, debit card and merchant fees 11,263 9,333 21,609 18,143
Service charges 16,556 18,953 31,924 35,215
Trust income 2,850 2,707 5,984 5,294
Security gains (losses), net 10,045 (585) 10,062 712
Insurance commissions 22,941 21,666 45,490 43,334
Other 9,486 7,316 18,802 14,999
Total noninterest revenue 75,144 57,086 143,455 120,418
NONINTEREST EXPENSE:        
Salaries and employee benefits 70,142 68,189 140,517 137,476
Occupancy, net of rental income 10,232 10,527 20,903 21,302
Equipment 5,595 5,877 11,253 11,616
Deposit insurance assessments 6,436 4,362 11,861 8,612
Prepayment penalty on FHLB borrowings 9,778 0 9,778 0
Other 34,886 31,061 72,767 61,493
Total noninterest expense 137,069 120,016 267,079 240,499
Income (loss) before income taxes 15,747 (15,955) 10,006 (4,743)
Income tax (benefit) expense 2,921 (3,395) (2,326) (579)
Net income (loss) $ 12,826 $ (12,560) $ 12,332 $ (4,164)
Earnings (loss) per share: Basic $ 0.15 $ (0.15) $ 0.15 $ (0.05)
Diluted $ 0.15 $ (0.15) $ 0.15 $ (0.05)
Dividends declared per common share $ 0.01 $ 0.22 $ 0.12 $ 0.44