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Consolidated Statements Of Income (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
Loans including fees:        
Taxable $ 52,047 $ 43,874 $ 102,352 $ 88,781
Nontaxable 2,335 2,486 4,657 4,666
Investment securities, available-for-sale:        
Taxable 12,875 19,755 26,533 40,551
Nontaxable 3,320 4,224 6,841 9,080
Investment securities, held-to-maturity, taxable 6,140 5,142 12,552 9,559
Money market and other interest-earning investments 155 115 254 301
Total interest income 76,872 75,596 153,189 152,938
Interest Expense        
Deposits 9,585 12,607 19,588 26,543
Short-term borrowings 114 146 258 395
Other borrowings 4,854 7,689 9,657 15,729
Total interest expense 14,553 20,442 29,503 42,667
Net interest income 62,319 55,154 123,686 110,271
Provision for loan losses 3,207 8,000 6,519 17,281
Net interest income after provision for loan losses 59,112 47,154 117,167 92,990
Noninterest Income        
Wealth management fees 5,327 3,963 10,427 8,250
Service charges on deposit accounts 12,464 13,150 24,014 25,096
ATM fees 6,079 5,930 11,970 11,457
Mortgage banking revenue 909 632 1,861 1,121
Insurance premiums and commissions 9,011 8,913 19,581 19,118
Investment product fees 2,933 2,235 5,527 4,288
Company-owned life insurance 1,298 1,180 2,470 2,025
Net securities gains 666 6,008 2,165 9,511
Total other-than-temporary impairment losses (1,433) (2,764) (1,732) (4,402)
Loss recognized in other comprehensive income 1,233 0 1,233 1,133
Impairment losses recognized in earnings (200) (2,764) (499) (3,269)
Gain on derivatives 221 395 553 1,016
Gain on sale leaseback transactions 1,637 1,542 3,273 3,179
Other income 3,244 1,790 5,068 4,174
Total noninterest income 43,589 42,974 86,410 85,966
Noninterest Expense        
Salaries and employee benefits 43,084 41,074 87,605 83,518
Occupancy 12,196 11,818 24,498 24,058
Equipment 2,845 2,630 5,842 5,426
Marketing 1,582 1,385 2,899 2,747
Data processing 5,770 5,634 11,835 11,149
Communication 2,644 2,473 4,978 5,160
Professional fees 2,134 2,176 4,557 3,877
Loan expense 1,125 1,108 2,212 2,016
Supplies 932 689 1,545 1,469
Loss on extinguishment of debt 0 1,381 0 1,404
FDIC assessment 1,773 1,677 3,964 4,124
Amortization of intangibles 1,838 1,504 3,762 3,126
Other expense 3,835 4,322 5,986 6,857
Total noninterest expense 79,758 77,871 159,683 154,931
Income before income taxes 22,943 12,257 43,894 24,025
Income tax expense 5,927 1,734 10,445 3,433
Net income $ 17,016 $ 10,523 $ 33,449 $ 20,592
Net income per common share - basic $ 0.18 $ 0.12 $ 0.35 $ 0.24
Net income per common share - diluted $ 0.18 $ 0.12 $ 0.35 $ 0.24
Weighted average number of common shares outstanding - basic 94,479 86,786 94,456 86,769
Weighted average number of common shares outstanding - diluted 94,701 86,911 94,674 86,889
Dividends per common share $ 0.07 $ 0.07 $ 0.14 $ 0.14