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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income        
Loans, including fees $ 48,877 $ 55,022 $ 98,024 $ 111,047
Investment securities        
Taxable 10,355 8,295 20,792 16,671
Tax-exempt 796 560 1,606 1,140
Total interest on investment securities 11,151 8,855 22,398 17,811
Other earning assets (1,301) (1,556) (2,707) (3,028)
Total interest income 58,727 62,321 117,715 125,830
Interest expense        
Deposits 3,606 3,284 6,922 7,144
Short-term borrowings 292 305 621 634
Long-term borrowings 525 654 1,049 1,308
Total interest expense 4,423 4,243 8,592 9,086
Net interest income 54,304 58,078 109,123 116,744
Provision for loan and lease losses - uncovered 29 2,409 1,188 5,450
Provision for loan and lease losses - covered (413) (8,283) (2,605) 759
Net interest income after provision for loan and lease losses 54,688 63,952 110,540 110,535
Noninterest income        
Service charges on deposit accounts 5,137 5,205 9,909 9,922
Trust and wealth management fees 3,305 3,497 7,051 7,447
Bankcard income 2,809 3,145 5,242 5,578
Net gains from sales of loans 737 1,089 1,133 1,795
Gains on sales of investment securities 0 188 50 1,724
FDIC loss sharing income 1,108 (7,384) 600 1,550
Accelerated discount on covered loans 621 1,935 1,636 3,870
Other 2,620 3,940 4,891 6,427
Total noninterest income 16,337 11,615 30,512 38,313
Noninterest expenses        
Salaries and employee benefits 25,615 26,216 50,876 53,545
Pension settlement charges 0 (4,316) 0 (4,316)
Net occupancy 4,505 5,384 9,804 11,549
Furniture and equipment 1,983 2,250 4,060 4,621
Data processing 2,770 2,559 5,628 5,028
Marketing 830 1,182 1,616 2,079
Communication 562 781 1,185 1,614
Professional services 1,449 1,764 3,173 3,567
State intangible tax 644 1,004 1,288 2,018
FDIC assessments 1,074 1,148 2,208 2,273
Loss (gain) - other real estate owned 313 216 731 718
Loss (gain) - covered other real estate owned 398 (2,212) 431 (2,369)
Loss sharing expense 1,465 1,578 3,034 3,864
Other 5,503 7,097 10,919 13,566
Total noninterest expenses 47,111 53,283 94,953 106,389
Income before income taxes 23,914 22,284 46,099 42,459
Income tax expense 7,961 6,455 15,042 12,806
Net income $ 15,953 $ 15,829 $ 31,057 $ 29,653
Earnings per common share        
Basic $ 0.28 $ 0.28 $ 0.54 $ 0.52
Diluted $ 0.28 $ 0.27 $ 0.54 $ 0.51
Cash dividends declared per share $ 0.15 $ 0.24 $ 0.30 $ 0.52
Average common shares outstanding - basic 57,201,494 57,291,994 57,146,853 57,365,105
Average common shares outstanding - diluted 57,951,636 58,128,349 57,890,268 58,206,503