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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
INTEREST INCOME      
Interest on Loans $ 174,450 $ 177,064 $ 172,128
Taxable Interest and Dividends on Securities 20,326 23,984 28,695
Non-taxable Interest and Dividends on Securities 331 673 947
Interest on Loans Held for Sale 482 666 629
Interest on Federal Funds Sold 162 337 290
TOTAL INTEREST AND DIVIDEND INCOME 195,751 202,724 202,689
INTEREST EXPENSE      
Interest on Deposits 13,355 20,254 31,163
Interest on Borrowings 15,317 18,509 20,832
TOTAL INTEREST EXPENSE 28,672 38,763 51,995
NET INTEREST INCOME 167,079 163,961 150,694
PROVISION FOR LOAN LOSSES 11,482 18,655 17,335
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 155,597 145,306 133,359
NONINTEREST INCOME      
Service Charges on Deposit Accounts 16,628 13,624 12,951
Interchange and ATM Fees 7,733 5,084 4,109
Investment Management 13,532 11,723 10,047
Mortgage Banking Income 4,197 5,041 4,857
Increase in Cash Surrender Value of Life Insurance Policies 3,170 3,192 2,939
Net Gain on Sales of Securities 723 458 1,354
Gain Resulting From Early Termination of Hedging Relationship     3,778
Gross Change on Write-Down of Certain Investments to Fair Value 53 497 (7,382)
Less: Portion of OTTI Losses Recognized in OCI (296) (831) (1,576)
Net Loss on Write-Down of Certain Investments to Fair Value (243) (334) (8,958)
Other Noninterest Income 6,960 8,118 7,115
TOTAL NONINTEREST INCOME 52,700 46,906 38,192
NONINTEREST EXPENSES      
Salaries and Employee Benefits 81,275 76,983 68,257
Occupancy and Equipment Expenses 16,916 16,011 15,673
Data Processing & Facilities Management 4,891 5,773 5,779
Advertising Expense 3,876 2,171 2,199
FDIC Assessment 3,496 5,247 6,975
Consulting Expense 2,660 2,523 1,951
Legal Fees 2,262 3,277 2,961
Telecommunications 2,092 2,101 2,635
Prepayment Fee on Borrowings 757    
Merger and Acquisition Expense     12,423
Other Non-Interest Expenses 27,488 25,659 22,962
TOTAL NONINTEREST EXPENSES 145,713 139,745 141,815
INCOME BEFORE INCOME TAXES 62,584 52,467 29,736
PROVISION FOR INCOME TAXES 17,148 12,227 6,747
NET INCOME 45,436 40,240 22,989
PREFERRED STOCK DIVIDEND     5,698
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 45,436 $ 40,240 $ 17,291
BASIC EARNINGS PER SHARE $ 2.12 $ 1.90 $ 0.88
DILUTED EARNINGS PER SHARE $ 2.12 $ 1.90 $ 0.88
WEIGHTED AVERAGE COMMON SHARES (BASIC) 21,422,757 21,178,117 19,642,965
Common Share Equivalents 28,830 25,798 30,191
WEIGHTED AVERAGE COMMON SHARES (DILUTED) 21,451,587 21,203,915 19,673,156
CASH DIVIDENDS DECLARED PER COMMON SHARE $ 0.76 $ 0.72 $ 0.72