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SEGMENT REPORTING (Tables)
6 Months Ended
Jun. 30, 2013
SEGMENT REPORTING [Abstract]  
Results of Operations and Selected Financial Information by Operating Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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