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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per 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:        
Interest and fees on loans $ 58,084 $ 61,475 $ 115,994 $ 123,866
Interest and dividends on investment securities:        
Taxable 9,458 10,649 19,163 20,560
Exempt from federal taxes 1,240 1,194 2,444 2,365
Interest on deposits in banks 279 227 516 594
Interest on federal funds sold 6 6 7 9
Total interest income 69,067 73,551 138,124 147,394
Interest expense:        
Interest on deposits 5,779 8,903 12,041 18,774
Interest on securities sold under repurchase agreements 152 171 308 408
Interest on long-term debt 495 495 993 984
Interest on subordinated debentures held by subsidiary trusts 1,467 1,455 2,974 2,903
Total interest expense 7,893 11,024 16,316 23,069
Net interest income 61,174 62,527 121,808 124,325
Provision for loan losses 12,000 15,400 23,250 30,400
Net interest income after provision for loan losses 49,174 47,127 98,558 93,925
Non-interest income:        
Income from the origination and sale of loans 9,420 4,109 17,804 7,554
Other service charges, commissions and fees 8,254 7,768 16,678 15,148
Service charges on deposit accounts 4,455 4,385 8,616 8,495
Wealth management revenues 3,815 3,689 7,098 6,999
Investment securities gains, net 198 16 229 18
Other income 1,520 1,624 3,619 3,536
Total non-interest income 27,662 21,591 54,044 41,750
Non-interest expense:        
Salaries and wages 21,640 20,554 43,204 40,757
Employee benefits 6,819 7,335 15,785 14,834
Occupancy, net 4,037 4,013 8,025 8,228
Furniture and equipment 3,189 3,129 6,327 6,349
Outsourced technology services 2,179 2,212 4,445 4,453
OREO expense, net of income 1,806 2,042 2,911 3,753
FDIC insurance premiums 1,601 1,629 3,196 4,095
Professional fees 1,002 726 1,935 1,505
Mortgage servicing rights amortization 817 671 1,712 1,478
Mortgage servicing rights impairment recovery 52 27 (816) (320)
Core deposit intangibles amortization 355 361 710 723
Other expenses 13,802 11,493 27,305 21,295
Total non-interest expense 57,299 54,192 114,739 107,150
Income before income tax expense 19,537 14,526 37,863 28,525
Income tax expense 6,527 4,672 12,639 9,165
Net income 13,010 9,854 25,224 19,360
Preferred stock dividends 853 853 1,706 1,697
Net income available to common stockholders $ 12,157 $ 9,001 $ 23,518 $ 17,663
Basic earnings per common share $ 0.28 $ 0.21 $ 0.55 $ 0.41
Diluted earnings per common share $ 0.28 $ 0.21 $ 0.55 $ 0.41