XML 59 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest income:        
Loans, including fees $ 166,334 $ 166,300 $ 497,840 $ 328,892
Securities-taxable 21,141 29,004 67,889 61,021
Securities-tax exempt 1,422 1,758 4,377 4,344
Federal funds sold and other short term investments 308 633 1,304 1,448
Total interest income 189,205 197,695 571,410 395,705
Interest expense:        
Deposits 7,519 15,138 25,654 42,717
Short-term borrowings 1,514 1,902 4,776 5,346
Long-term debt and other interest expense 2,916 3,613 9,977 4,777
Total interest expense 11,949 20,653 40,407 52,840
Net interest income 177,256 177,042 531,003 342,865
Provision for loan losses 8,101 9,256 26,141 27,221
Net interest income after provision for loan losses 169,155 167,786 504,862 315,644
Noninterest income:        
Service charges on deposit accounts 20,834 16,860 58,015 38,745
Bank card fees 7,568 11,064 24,107 20,542
Trust fees 7,743 7,215 24,464 16,507
Insurance commissions and fees 4,045 4,356 12,103 12,234
Investment and annuity fees 4,269 4,642 13,291 11,042
ATM fees 4,302 4,127 13,479 10,148
Secondary mortgage market operations 4,311 3,477 11,328 6,921
Accretion of indemnification asset   5,030 5,000 13,524
Other income 9,770 8,166 26,101 16,171
Securities gains (losses), net 917 16 929 (71)
Total noninterest income 63,759 64,953 188,817 145,763
Noninterest expense:        
Compensation expense 76,173 77,355 223,945 153,734
Employee benefits 17,202 17,489 54,881 36,480
Salaries and employee benefits 93,375 94,844 278,826 190,214
Net occupancy expense 13,358 14,029 41,784 28,700
Equipment expense 5,212 5,362 19,046 11,877
Data processing expense 11,005 15,664 39,523 27,915
Professional services expense 9,447 19,915 49,207 48,061
Telecommunications and postage 5,313 5,837 17,068 12,239
Advertising 2,243 3,852 12,263 8,028
Deposit insurance and regulatory fees 3,833 2,961 11,128 9,305
Amortization of intangibles 8,110 7,097 24,336 9,332
Other expense 17,818 24,458 61,968 42,733
Total noninterest expense 169,714 194,019 555,149 388,404
Income before income taxes 63,200 38,720 138,530 73,003
Income taxes 16,216 8,342 33,747 15,210
Net income $ 46,984 $ 30,378 $ 104,783 $ 57,793
Basic earnings per common share $ 0.55 $ 0.36 $ 1.23 $ 0.97
Diluted earnings per common share $ 0.55 $ 0.36 $ 1.22 $ 0.97
Dividends paid per share $ 0.24 $ 0.24 $ 0.72 $ 0.72
Weighted avg. shares outstanding-basic 84,777 84,699 84,757 59,149
Weighted avg. shares outstanding-diluted 85,632 84,985 85,525 59,442