SEGMENT REPORTING

6 Months Ended

Jun. 30, 2013

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

NOTE 11 - SEGMENT REPORTING

The Company is a financial holding company with subsidiaries engaged in the business of banking and activities closely related to banking.  The Company determines reportable segments based upon the services offered, the significance of those services to the Company’s financial condition and operating results and management’s regular review of the operating results of those services.  The Company’s primary segment is Community Banking, which includes providing a full range of deposit products, commercial loans and consumer loans.  The Company has also designated two additional reportable segments -- Insurance Agencies and General Corporate and Other.  The Company’s insurance agencies serve as agents in the sale of commercial lines of insurance and full lines of property and casualty, life, health and employee benefits products and services.  The General Corporate and Other operating segment includes mortgage lending, trust services, credit card activities, investment services and other activities not allocated to the Community Banking or Insurance Agenciesoperating segments. 

Results of operations and selected financial information by operating segment for the three-month and six-month periods ended June 30, 2013 and 2012 were as follows:

				General
		Community	Insurance	Corporate
		Banking	Agencies	and Other	Total
	(In thousands)
Three months ended June 30, 2013:
Results of Operations
Net interest revenue		$             92,725	$                 40	$            5,448	$             98,213
Provision for credit losses		2,139	-	861	3,000
Net interest revenue after provision for credit losses		90,586	40	4,587	95,213
Noninterest revenue		26,720	25,793	23,596	76,109
Noninterest expense		76,557	21,991	43,703	142,251
Income (loss) before income taxes		40,749	3,842	(15,520)	29,071
Income tax expense (benefit)		13,447	1,542	(6,673)	8,316
Net income (loss)		$             27,302	$            2,300	$          (8,847)	$             20,755
Selected Financial Information
Total assets at end of period		$        9,928,278	$        194,050	$     3,095,377	$      13,217,705
Depreciation and amortization		5,726	884	717	7,327
Three months ended June 30, 2012:
Results of Operations
Net interest revenue		$             98,408	$                 76	$            6,257	$           104,741
Provision for credit losses		4,288	-	1,712	6,000
Net interest revenue after provision for credit losses		94,120	76	4,545	98,741
Noninterest revenue		27,546	22,905	16,017	66,468
Noninterest expense		81,863	19,463	35,180	136,506
Income (loss) before income taxes		39,803	3,518	(14,618)	28,703
Income tax expense (benefit)		12,666	1,404	(5,991)	8,079
Net income (loss)		$             27,137	$            2,114	$          (8,627)	$             20,624
Selected Financial Information
Total assets at end of period		$        9,986,180	$        179,106	$     2,982,532	$      13,147,818
Depreciation and amortization		5,892	842	719	7,453

			General
	Community	Insurance	Corporate
	Banking	Agencies	and Other	Total
	(In thousands)
Six months ended June 30, 2013
Results of Operations
Net interest revenue	$          184,969	$                         90	$            11,232	$          196,291
Provision for credit losses	6,240	-	760	7,000
Net interest revenue after provision for credit losses	178,729	90	10,472	189,291
Noninterest revenue	53,227	52,323	41,877	147,427
Noninterest expense	167,762	43,398	66,462	277,622
Income (loss) before income taxes	64,194	9,015	(14,113)	59,096
Income tax expense (benefit)	21,197	3,619	(7,280)	17,536
Net income (loss)	$            42,997	$                    5,396	$            (6,833)	$            41,560
Selected Financial Information
Total assets at end of period	$       9,928,278	$                194,050	$       3,095,377	$     13,217,705
Depreciation and amortization	11,516	1,778	1,487	14,781
Six months ended June 30, 2012
Results of Operations
Net interest revenue	$          197,739	$                       149	$            12,463	$          210,351
Provision for credit losses	14,516	-	1,484	16,000
Net interest revenue after provision for credit losses	183,223	149	10,979	194,351
Noninterest revenue	56,710	46,055	36,063	138,828
Noninterest expense	178,564	38,161	55,461	272,186
Income (loss) before income taxes	61,369	8,043	(8,419)	60,993
Income tax expense (benefit)	18,909	3,223	(4,629)	17,503
Net income (loss)	$            42,460	$                    4,820	$            (3,790)	$            43,490
Selected Financial Information
Total assets at end of period	$       9,986,180	$                179,106	$       2,982,532	$     13,147,818
Depreciation and amortization	11,862	1,716	1,466	15,044