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Consolidated Statements of Income (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest Income        
Interest and fees on loans $ 135,084 $ 136,420 $ 268,707 $ 271,789
Interest and dividends on investment securities:        
Taxable 28,602 30,813 58,182 60,500
Tax-exempt 2,429 2,597 4,934 5,143
Dividends 1,591 1,281 3,647 3,474
Interest on federal funds sold and other short-term investments 88 76 143 230
Total interest income 167,794 171,187 335,613 341,136
Interest Expense        
Savings, NOW, and money market 5,082 4,813 9,761 9,673
Time 12,616 14,720 24,782 30,318
Interest on short-term borrowings 276 330 617 661
Interest on long-term borrowings and junior subordinated debentures 32,150 34,298 65,891 68,607
Total interest expense 50,124 54,161 101,051 109,259
Net Interest Income 117,670 117,026 234,562 231,877
Provision for credit losses 6,026 12,438 30,188 25,049
Net Interest Income After Provision for Credit Losses 111,644 104,588 204,374 206,828
Non-Interest Income        
Trust and investment services 1,952 1,947 3,975 3,822
Insurance commissions 3,657 2,660 8,080 5,856
Service charges on deposit accounts 5,642 6,651 11,292 12,925
Gains on securities transactions, net 16,492 3,656 19,171 4,519
Other-than-temporary impairment losses on securities       (1,393)
Portion recognized in other comprehensive income (before taxes)   (2,049) (825) (3,249)
Net impairment losses on securities recognized in earnings   (2,049) (825) (4,642)
Trading (losses) gains, net (1,048) 838 2,334 (2,192)
Fees from loan servicing 1,170 1,211 2,367 2,447
Gains on sales of loans, net 1,561 1,019 5,170 3,539
Gains on sales of assets, net 146 218 203 304
Bank owned life insurance 1,880 1,768 3,586 3,311
Change in FDIC loss-share receivable (2,669)   13,566  
Other 4,752 4,557 9,403 8,264
Total non-interest income 33,535 22,476 78,322 38,153
Non-Interest Expense        
Salary and employee benefits expense 44,109 42,935 88,234 87,208
Net occupancy and equipment expense 15,467 16,088 32,653 32,029
FDIC insurance assessment 3,302 3,543 6,631 6,976
Amortization of other intangible assets 1,796 2,445 3,758 4,145
Professional and legal fees 3,020 2,613 6,793 4,732
Advertising 2,703 1,111 4,185 2,023
Other 12,683 11,238 24,655 21,214
Total non-interest expense 83,080 79,973 166,909 158,327
Income Before Income Taxes 62,099 47,091 115,787 86,654
Income tax expense 25,205 14,081 42,308 26,281
Net Income $ 36,894 $ 33,010 $ 73,479 $ 60,373
Earnings Per Common Share*:        
Basic $ 0.22 [1] $ 0.20 [1] $ 0.43 [1] $ 0.36 [1]
Diluted $ 0.22 [1] $ 0.20 [1] $ 0.43 [1] $ 0.36 [1]
Cash Dividends Declared per Common Share $ 0.17 [1] $ 0.17 [1] $ 0.34 [1] $ 0.34 [1]
Weighted Average Number of Common Shares Outstanding:        
Basic 169,843,354 [1] 169,009,302 [1] 169,757,717 [1] 168,921,009 [1]
Diluted 169,852,912 [1] 169,013,634 [1] 169,766,394 [1] 168,922,864 [1]
[1] Share data reflects the five percent common stock dividend issued on May 20, 2011.