XML 56 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income:      
Interest and fees on loans $ 192,981 $ 178,703 $ 185,119
Interest and dividends on taxable investments 55,634 47,241 40,030
Interest and dividends on nontaxable investments 22,354 22,337 23,633
Total interest income 270,969 248,281 248,782
Interest expense:      
Interest on deposits 26,156 30,559 45,776
Interest on borrowings 29,599 30,078 31,353
Interest on subordinated debt held by unconsolidated subsidiary trusts 5,801 5,960 6,153
Total interest expense 61,556 66,597 83,282
Net interest income 209,413 181,684 165,500
Less: provision for loan losses 4,736 7,205 9,790
Net interest income after provision for loan losses 204,677 174,479 155,710
Noninterest income:      
Deposit service fees 42,334 43,358 41,285
Other banking services 4,651 5,985 5,841
Benefit trust, administration, consulting and actuarial fees 31,601 29,616 27,771
Wealth management services 10,697 9,833 8,631
(Loss) gain on investment securities and debt extinguishments, net (61) 0 7
Total noninterest income 89,222 88,792 83,535
Operating expenses:      
Salaries and employee benefits 102,278 91,399 92,690
Occupancy and equipment 24,502 22,933 23,185
Data processing and communications 20,525 20,720 20,684
Amortization of intangible assets 4,381 5,957 8,170
Legal and professional fees 5,889 5,532 5,302
Office supplies and postage 5,246 5,469 5,243
Business development and marketing 5,931 5,237 6,086
FDIC insurance premiums 3,920 5,838 8,610
Goodwill Impairment 0 0 3,079
Acquisition expenses and contract termination charges 4,831 1,365 1,621
Other 12,869 12,436 11,508
Total noninterest expenses 190,372 176,886 186,178
Income (Loss) before income taxes 103,527 86,385 53,067
Income taxes 30,385 23,065 11,622
Net income $ 73,142 $ 63,320 $ 41,445
Basic earnings per share (in dollars per share) $ 2.03 $ 1.91 $ 1.26
Diluted earnings per share (in dollars per share) $ 2.01 $ 1.89 $ 1.26
Cash dividends declared per share (in dollars per share) $ 1.00 $ 0.94 $ 0.88