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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest income:        
Interest and fees on loans $ 57,418 $ 61,372 $ 173,412 $ 185,238
Interest and dividends on investment securities:        
Taxable 9,194 10,721 28,357 31,281
Exempt from federal taxes 1,223 1,188 3,667 3,553
Interest on deposits in banks 336 200 852 794
Interest on federal funds sold 4 2 11 11
Total interest income 68,175 73,483 206,299 220,877
Interest expense:        
Interest on deposits 5,414 7,905 17,455 26,679
Interest on securities sold under repurchase agreements 144 137 452 545
Interest on long-term debt 502 498 1,495 1,482
Interest on subordinated debentures held by subsidiary trusts 1,110 1,451 4,084 4,354
Total interest expense 7,170 9,991 23,486 33,060
Net interest income 61,005 63,492 182,813 187,817
Provision for loan losses 9,500 14,000 32,750 44,400
Net interest income after provision for loan losses 51,505 49,492 150,063 143,417
Non-interest income:        
Income from the origination and sale of loans 11,665 5,512 29,469 13,066
Other service charges, commissions and fees 8,774 8,479 25,452 23,627
Service charges on deposit accounts 4,395 4,609 13,011 13,104
Wealth management revenues 3,557 3,202 10,655 9,980
Investment securities gains, net 66 38 295 56
Other income 1,725 1,285 5,344 5,042
Total non-interest income 30,182 23,125 84,226 64,875
Non-interest expense:        
Salaries and wages 23,341 20,801 66,545 61,557
Employee benefits 7,447 6,087 23,232 20,922
Occupancy, net 3,793 4,180 11,818 12,408
Furniture and equipment 3,231 3,018 9,558 9,367
Outsourced technology services 2,182 2,235 6,627 6,688
OREO expense, net of income 2,612 2,878 5,523 6,631
FDIC insurance premiums 1,622 1,631 4,818 5,726
Professional fees 1,050 995 2,985 2,500
Mortgage servicing rights amortization 879 807 2,591 2,285
Mortgage servicing rights impairment recovery 55 1,168 (761) 848
Core deposit intangibles amortization 355 362 1,066 1,085
Other expenses 10,497 10,879 37,801 32,174
Total non-interest expense 57,064 55,041 171,803 162,191
Income before income tax expense 24,623 17,576 62,486 46,101
Income tax expense 8,468 5,655 21,107 14,820
Net income 16,155 11,921 41,379 31,281
Preferred stock dividends 863 862 2,569 2,559
Net income available to common stockholders $ 15,292 $ 11,059 $ 38,810 $ 28,722
Basic earnings per common share $ 0.36 $ 0.26 $ 0.90 $ 0.67
Diluted earnings per common share $ 0.35 $ 0.26 $ 0.90 $ 0.67