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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, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income:        
Interest and fees on loans $ 54,901 $ 57,418 $ 165,247 $ 173,412
Interest and dividends on investment securities:        
Taxable 7,660 9,194 23,377 28,357
Exempt from federal taxes 1,153 1,223 3,594 3,667
Interest on deposits in banks 207 336 717 852
Interest on federal funds sold 8 4 17 11
Total interest income 63,929 68,175 192,952 206,299
Interest expense:        
Interest on deposits 3,821 5,414 12,214 17,455
Interest on securities sold under repurchase agreements 58 144 232 452
Interest on long-term debt 487 502 1,450 1,495
Interest on preferred stock pending redemption 0 0 159 0
Interest on subordinated debentures held by subsidiary trusts 607 1,110 1,904 4,084
Total interest expense 4,973 7,170 15,959 23,486
Net interest income 58,956 61,005 176,993 182,813
Provision for loan losses (3,000) 9,500 (2,125) 32,750
Net interest income after provision for loan losses 61,956 51,505 179,118 150,063
Non-interest income:        
Income from the origination and sale of loans 7,934 11,665 28,652 29,469
Other service charges, commissions and fees 9,286 8,774 26,519 25,452
Investment Advisory, Management and Administrative Fees 4,581 3,557 12,735 10,655
Service charges on deposit accounts 4,360 4,395 12,751 13,011
Investment securities gains, net 30 66 26 295
Other income 1,416 1,725 5,322 5,344
Total non-interest income 27,607 30,182 86,005 84,226
Non-interest expense:        
Salaries and wages 22,806 23,341 69,681 66,545
Employee benefits 7,328 7,447 23,049 23,232
Occupancy, net 4,292 3,793 12,381 11,818
Furniture and equipment 3,147 3,231 9,362 9,558
Outsourced technology services 2,295 2,182 6,647 6,627
OREO expense, net of income 18 2,612 999 5,523
FDIC insurance premiums 1,205 1,622 3,938 4,818
Professional fees 1,135 1,050 3,398 2,985
Mortgage servicing rights amortization 629 879 2,187 2,591
Mortgage servicing rights impairment recovery (62) 55 (121) (761)
Core deposit intangibles amortization 355 355 1,064 1,066
Other expenses 9,431 10,497 31,699 37,801
Total non-interest expense 52,579 57,064 164,284 171,803
Income before income tax expense 36,984 24,623 100,839 62,486
Income tax expense 13,172 8,468 35,478 21,107
Net income 23,812 16,155 65,361 41,379
Preferred stock dividends 0 863 0 2,569
Net income available to common stockholders $ 23,812 $ 15,292 $ 65,361 $ 38,810
Basic earnings per common share $ 0.54 $ 0.36 $ 1.50 $ 0.90
Diluted earnings per common share $ 0.54 $ 0.35 $ 1.49 $ 0.90