XML 57 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income        
Loans and leases $ 164,108 $ 185,151 $ 325,142 $ 396,914
Investment securities:        
Total investment securities interest and dividend income 12,447 8,119 24,195 16,603
Overnight investments 756 656 1,368 1,013
Total interest income 177,311 193,926 350,705 414,530
Interest expense        
Deposits 6,006 8,997 12,831 19,310
Short-term borrowings 1,551 680 2,136 1,384
Long-term obligations 4,056 4,721 9,109 9,426
Total interest expense 11,613 14,398 24,076 30,120
Net interest income 165,698 179,528 326,629 384,410
Provision for loan and lease losses (7,299) (13,242) (9,202) (31,848)
Net interest income after provision for loan and lease losses 172,997 192,770 335,831 416,258
Noninterest income        
Cardholder services 13,257 12,026 25,089 23,097
Merchant services 15,035 15,245 28,556 27,731
Service charges on deposit accounts 15,265 14,883 29,705 29,882
Wealth management services 15,815 15,097 30,695 29,612
Fees from processing services 5,682 5,051 10,543 10,670
Other service charges and fees 4,250 3,966 8,194 7,732
Mortgage income 1,210 3,669 2,165 7,457
Insurance commissions 2,253 2,394 5,540 5,374
ATM income 1,260 1,314 2,462 2,482
Adjustments for FDIC receivable for loss share agreements (15,295) (14,439) (27,644) (38,492)
Other 6,650 5,789 11,258 16,963
Total noninterest income 65,382 64,995 126,563 122,508
Noninterest expense        
Salaries and wages 82,683 75,802 162,557 151,921
Employee benefits 19,772 23,228 39,872 48,247
Occupancy expense 20,937 18,464 41,362 37,273
Equipment expense 19,686 18,698 38,477 37,644
FDIC insurance expense 2,640 2,423 5,276 5,089
Foreclosure-related expenses 3,858 3,467 9,268 7,772
Other 49,444 46,485 93,238 94,976
Total noninterest expense 199,020 188,567 390,050 382,922
Income before income taxes 39,359 69,198 72,344 155,844
Income taxes 12,809 25,292 23,428 56,353
Net income $ 26,550 $ 43,906 $ 48,916 $ 99,491
Average shares outstanding (in shares) 9,618,941 9,618,941 9,618,941 9,618,963
Net income per share $ 2.76 $ 4.56 $ 5.09 $ 10.34