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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, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income:        
Interest and fees on loans $ 54,853 $ 58,084 $ 110,346 $ 115,994
Interest and dividends on investment securities:        
Taxable 7,671 9,458 15,717 19,163
Exempt from federal taxes 1,215 1,240 2,441 2,444
Interest on deposits in banks 212 279 510 516
Interest on federal funds sold 5 6 9 7
Total interest income 63,956 69,067 129,023 138,124
Interest expense:        
Interest on deposits 4,038 5,779 8,393 12,041
Interest on securities sold under repurchase agreements 74 152 174 308
Interest on long-term debt 483 495 963 993
Interest on preferred stock pending redemption 0 0 159 0
Interest on subordinated debentures held by subsidiary trusts 601 1,467 1,297 2,974
Total interest expense 5,196 7,893 10,986 16,316
Net interest income 58,760 61,174 118,037 121,808
Provision for loan losses 375 12,000 875 23,250
Net interest income after provision for loan losses 58,385 49,174 117,162 98,558
Non-interest income:        
Income from the origination and sale of loans 10,043 9,420 20,718 17,804
Other service charges, commissions and fees 8,977 8,254 17,233 16,678
Investment Advisory, Management and Administrative Fees 4,020 3,815 8,154 7,098
Service charges on deposit accounts 4,323 4,455 8,391 8,616
Investment securities gains, net (12) 198 (4) 229
Other income 2,228 1,520 3,906 3,619
Total non-interest income 29,579 27,662 58,398 54,044
Non-interest expense:        
Salaries and wages 23,470 21,640 46,875 43,204
Employee benefits 7,546 6,819 15,721 15,785
Occupancy, net 4,063 4,037 8,089 8,025
Furniture and equipment 3,163 3,189 6,215 6,327
Outsourced technology services 2,195 2,179 4,352 4,445
OREO expense, net of income (915) 1,806 981 2,911
FDIC insurance premiums 1,356 1,601 2,733 3,196
Professional fees 1,136 1,002 2,263 1,935
Mortgage servicing rights amortization 719 817 1,558 1,712
Mortgage servicing rights impairment recovery (11) 52 (59) (816)
Core deposit intangibles amortization 355 355 709 710
Other expenses 11,943 13,802 22,268 27,305
Total non-interest expense 55,020 57,299 111,705 114,739
Income before income tax expense 32,944 19,537 63,855 37,863
Income tax expense 11,439 6,527 22,306 12,639
Net income 21,505 13,010 41,549 25,224
Preferred stock dividends 0 853 0 1,706
Net income available to common stockholders $ 21,505 $ 12,157 $ 41,549 $ 23,518
Basic earnings per common share $ 0.49 $ 0.28 $ 0.96 $ 0.55
Diluted earnings per common share $ 0.49 $ 0.28 $ 0.95 $ 0.55