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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income        
Loans and leases $ 231,864 $ 233,731 $ 470,001 $ 465,184
Investment securities:        
U. S. Treasury 670 2,259 1,409 5,469
Government agency 4,377 4,863 8,709 9,910
Residential mortgage-backed securities 2,202 2,104 4,091 4,757
Corporate bonds 842 2,119 2,041 4,295
State, county and municipal 12 12 24 25
Other 62 200 193 459
Total investment securities interest and dividend income 8,165 11,557 16,467 24,915
Overnight investments 490 316 803 705
Total interest income 240,519 245,604 487,271 490,804
Interest expense        
Deposits 15,047 27,081 31,519 56,901
Short-term borrowings 1,584 1,482 2,975 3,179
Long-term obligations 8,456 9,666 16,393 19,362
Total interest expense 25,087 38,229 50,887 79,442
Net interest income 215,432 207,375 436,384 411,362
Provision for loan and lease losses 29,667 53,977 60,382 98,396
Net interest income after provision for loan and lease losses 185,765 153,398 376,002 312,966
Noninterest income        
Gain on acquisitions 0 0 0 63,474
Cardholder and merchant services 24,697 30,543 47,147 57,323
Service charges on deposit accounts 15,061 15,778 29,907 31,568
Wealth management services 14,530 14,119 28,285 27,407
Fees from processing services 7,557 7,595 16,119 14,841
Securities gains (losses) 3 (96) (42) (545)
Other service charges and fees 3,574 5,960 7,015 11,917
Mortgage income 237 2,530 4,848 4,845
Insurance commissions 2,238 2,280 4,994 4,814
ATM income 1,281 1,370 2,736 2,960
Adjustments for FDIC receivable for loss share agreements (14,134) (13,747) (40,930) (24,126)
Other 2,252 317 4,160 1,751
Total noninterest income 57,296 66,649 104,239 196,229
Noninterest expense        
Salaries and wages 76,786 76,124 152,470 151,928
Employee benefits 20,558 18,708 40,807 38,357
Occupancy expense 18,000 18,487 36,607 36,800
Equipment expense 17,998 17,515 36,164 34,906
FDIC insurance expense 2,666 2,501 5,723 10,726
Foreclosure-related expenses 15,765 3,747 20,386 9,235
Other 43,024 50,400 85,971 95,558
Total noninterest expense 194,797 187,482 378,128 377,510
Income before income taxes 48,264 32,565 102,113 131,685
Income taxes 10,681 11,265 29,035 48,625
Net income $ 37,583 $ 21,300 $ 73,078 $ 83,060
Average shares outstanding (in shares) 10,271,343 10,422,857 10,277,593 10,428,623
Net income per share (in dollars per share) $ 3.66 $ 2.04 $ 7.11 $ 7.96