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Consolidated Statements of Income (Loss) (Unaudited) (USD $)
In Thousands, except Per 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 $ 144,358 $ 153,815 $ 287,129 $ 313,106
Interest and Dividend Income, Securities, by Taxable Status [Abstract]        
Taxable 35,351 40,292 70,003 86,460
Tax exempt 7,504 8,558 15,217 17,266
Other interest and dividends 1,438 2,213 2,896 3,986
Total interest income 188,651 204,878 375,245 420,818
INTEREST EXPENSE        
Interest on deposits 16,901 28,360 35,150 57,105
Interest on short-term funding 3,637 1,820 7,216 3,846
Interest on long-term funding 13,990 14,905 25,033 30,852
Total interest expense 34,528 45,085 67,399 91,803
NET INTEREST INCOME 154,123 159,793 307,846 329,015
Provision for loan losses 16,000 97,665 47,000 263,010
Net interest income after provision for loan losses 138,123 62,128 260,846 66,005
NONINTEREST INCOME        
Trust service fees 10,012 9,517 19,843 18,873
Service charges on deposit accounts 19,112 26,446 38,176 52,505
Card-based and other nondeposit fees 15,747 14,739 31,345 28,551
Retail commission income 16,475 15,722 32,856 31,539
Mortgage banking, net (3,320) 5,493 (1,475) 10,900
Capital market fees, net (890) (136) 1,488 (6)
Bank owned life insurance income 3,500 4,240 7,086 7,496
Asset sale gains (losses), net (209) 1,477 (2,195) (164)
Investment securities gains (losses), net:        
Realized gains (losses), net (14)   (13) 23,581
Other-than-temporary impairments (22) (146) (45) (146)
Less: Non-credit portion recognized in other comprehensive income (before taxes) 0 0 0 0
Total investment securities gains (losses), net (36) (146) (58) 23,435
Other 4,364 3,539 9,871 5,800
Total noninterest income 64,755 80,891 136,937 178,929
NONINTEREST EXPENSE        
Personnel expense 89,203 79,342 178,133 158,697
Occupancy 12,663 11,706 27,938 24,881
Equipment 4,969 4,450 9,736 8,835
Data processing 7,974 7,866 15,508 15,165
Business development and advertising 5,652 4,773 10,595 9,218
Other intangible asset amortization expense 1,178 1,254 2,356 2,507
Legal and professional fees 4,783 5,517 9,265 8,312
Losses other than loans (1,925) 2,840 4,372 4,819
Foreclosure/OREO expense 9,527 8,906 15,588 16,635
FDIC expense 7,198 12,027 15,442 23,856
Other 17,664 16,357 34,129 33,972
Total noninterest expense 158,886 155,038 323,062 306,897
Income (loss) before income taxes 43,992 (12,019) 74,721 (61,963)
Income tax expense (benefit) 9,610 (9,240) 17,486 (32,795)
Net income (loss) 34,382 (2,779) 57,235 (29,168)
Preferred stock dividends and discount accretion 8,812 7,377 16,225 14,742
Net income (loss) available to common equity $ 25,570 $ (10,156) $ 41,010 $ (43,910)
Earnings (loss) per common share:        
Basic $ 0.15 $ (0.06) $ 0.24 $ (0.26)
Diluted $ 0.15 $ (0.06) $ 0.24 $ (0.26)
Average common shares outstanding:        
Basic 173,323 172,921 173,268 169,401
Diluted 173,327 172,921 173,272 169,401