XML 24 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest income:    
Interest and fees on loans $ 57,910 $ 62,391
Interest and dividends on investment securities:    
Taxable 9,705 9,911
Exempt from federal taxes 1,204 1,171
Interest on deposits in banks 237 367
Interest on federal funds sold 1 3
Total interest income 69,057 73,843
Interest expense:    
Interest on deposits 6,262 9,871
Interest on securities sold under repurchase agreements 156 237
Interest on long-term debt 498 489
Interest on subordinated debentures held by subsidiary trusts 1,507 1,448
Total interest expense 8,423 12,045
Net interest income 60,634 61,798
Provision for loan losses 11,250 15,000
Net interest income after provision for loan losses 49,384 46,798
Non-interest income:    
Other service charges, commissions and fees 8,424 7,380
Income from the origination and sale of loans 8,384 3,445
Service charges on deposit accounts 4,161 4,110
Wealth management revenues 3,283 3,295
Investment securities gains, net 31 2
Other income 2,099 1,927
Total non-interest income 26,382 20,159
Non-interest expense:    
Salaries and wages 21,564 20,203
Employee benefits 8,966 7,499
Occupancy, net 3,988 4,215
Furniture and equipment 3,138 3,220
Outsourced technology services 2,266 2,241
FDIC insurance premiums 1,595 2,466
OREO expense, net of income 1,105 1,711
Mortgage servicing rights amortization 895 807
Mortgage servicing rights impairment recovery (868) (347)
Core deposit intangibles amortization 355 362
Other expenses 14,436 10,581
Total non-interest expense 57,440 52,958
Income before income tax expense 18,326 13,999
Income tax expense 6,112 4,493
Net income 12,214 9,506
Preferred stock dividends 853 844
Net income available to common stockholders $ 11,361 $ 8,662
Basic earnings per common share $ 0.26 $ 0.20
Diluted earnings per common share $ 0.26 $ 0.20