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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Interest income:      
Interest and fees on loans $ 245,767 $ 266,472 $ 279,985
Interest and dividends on investment securities:      
Taxable 41,304 42,338 41,978
Exempt from federal taxes 4,749 4,621 5,298
Interest on deposits in banks 1,050 1,093 520
Interest on federal funds sold 13 22 253
Total interest income 292,883 314,546 328,034
Interest expense:      
Interest on deposits 33,533 53,949 73,226
Interest on federal funds purchased 0 0 20
Interest on securities sold under repurchase agreements 695 879 776
Interest on other borrowed funds 0 3 1,347
Interest on long-term debt 1,975 2,433 3,249
Interest on subordinated debentures held by subsidiary trusts 5,828 5,843 6,280
Total interest expense 42,031 63,107 84,898
Net interest income 250,852 251,439 243,136
Provision for loan losses 58,151 66,900 45,300
Net interest income after provision for loan losses 192,701 184,539 197,836
Non-interest income:      
Other service charges, commissions and fees 31,689 29,494 28,747
Income from origination and sale of loans 21,153 22,868 30,928
Service charges on deposit accounts 17,647 18,181 20,323
Wealth management revenues 13,157 12,387 10,821
Investment securities gains, net 1,544 170 137
Other income 6,682 7,811 9,734
Total non-interest income 91,872 90,911 100,690
Non-interest expense:      
Salaries, wages and employee benefits 111,352 112,667 113,569
Occupancy, net 16,223 16,251 15,898
Furniture and equipment 12,562 13,434 12,405
Outsourced technology services 8,933 9,477 10,567
OREO expense, net of income 8,652 7,670 6,397
FDIC insurance premiums 7,333 10,044 12,130
Mortgage servicing rights amortization 3,225 4,615 7,568
Mortgage servicing rights impairment (recovery) 1,275 (787) (7,224)
Core deposit intangibles amortization 1,446 1,748 2,131
Other expenses 47,411 45,885 44,269
Total non-interest expense 218,412 221,004 217,710
Income before income tax expense 66,161 54,446 80,816
Income tax expense 21,615 17,090 26,953
Net income 44,546 37,356 53,863
Preferred stock dividends 3,422 3,422 3,422
Net income available to common shareholders $ 41,124 $ 33,934 $ 50,441
Basic earnings per common share $ 0.96 $ 0.85 $ 1.61
Diluted earnings per common share $ 0.96 $ 0.85 $ 1.59