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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income:        
Interest and fees on loans $ 61,475 $ 67,501 $ 123,866 $ 134,395
Interest and dividends on investment securities:        
Taxable 10,649 10,931 20,560 22,133
Exempt from federal taxes 1,194 1,173 2,365 2,339
Interest on deposits in banks 227 257 594 481
Interest on federal funds sold 6 5 9 18
Total interest income 73,551 79,867 147,394 159,366
Interest expense:        
Interest on deposits 8,903 14,496 18,774 29,774
Interest on securities sold under repurchase agreements 171 229 408 423
Interest on other borrowed funds   1   2
Interest on long-term debt 495 509 984 1,428
Interest on subordinated debentures held by subsidiary trusts 1,455 1,456 2,903 2,894
Total interest expense 11,024 16,691 23,069 34,521
Net interest income 62,527 63,176 124,325 124,845
Provision for loan losses 15,400 19,500 30,400 31,400
Net interest income after provision for loan losses 47,127 43,676 93,925 93,445
Non-interest income:        
Other service charges, commissions and fees 7,768 7,380 15,148 14,252
Service charges on deposit accounts 4,385 4,759 8,495 9,357
Income from origination and sale of loans 4,109 4,186 7,554 7,486
Wealth managment revenues 3,483 3,199 6,778 6,213
Investment securities gains, net 16 15 18 42
Other income 1,830 1,498 3,757 3,195
Total non-interest income 21,591 21,037 41,750 40,545
Non-interest expense:        
Salaries, wages and employee benefits 27,889 27,379 55,591 55,457
Occupancy, net 4,013 3,963 8,228 8,105
Furniture and equipment 3,129 3,356 6,349 6,697
Outsourced technology services 2,212 2,449 4,453 4,698
FDIC insurance premiums 1,629 2,667 4,095 5,123
OREO expense, net of income 2,042 2,980 3,753 3,521
Mortgage servicing rights amortization 671 1,115 1,478 2,248
Mortgage servicing rights impairment (recovery) 27 271 (320) 221
Core deposit intangibles amortization 361 440 723 879
Other expenses 12,219 10,806 22,800 21,222
Total non-interest expense 54,192 55,426 107,150 108,171
Income before income tax expense 14,526 9,287 28,525 25,819
Income tax expense 4,672 2,628 9,165 8,030
Net income 9,854 6,659 19,360 17,789
Preferred stock dividends 853 853 1,697 1,697
Net income available to common stockholders $ 9,001 $ 5,806 $ 17,663 $ 16,092
Basic earnings per common share $ 0.21 $ 0.14 $ 0.41 $ 0.43
Diluted earnings per common share $ 0.21 $ 0.14 $ 0.41 $ 0.43