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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest Income      
Residential real estate loans $ 30,850 $ 33,060 $ 45,401
Commercial loans 121,425 130,249 143,861
Consumer and other loans 35,096 40,538 42,130
Investment securities 66,386 76,262 57,010
Total interest income 253,757 280,109 288,402
Interest Expense      
Deposits 18,183 25,269 35,598
Securities sold under agreements to repurchase 1,308 1,353 1,607
Federal Home Loan Bank advances 12,566 12,687 9,523
Federal funds purchased and other borrowed funds 229 224 284
Subordinated debentures 3,428 4,961 6,622
Total interest expense 35,714 44,494 53,634
Net Interest Income 218,043 235,615 234,768
Provision for loan losses 21,525 64,500 84,693
Net interest income after provision for loan losses 196,518 171,115 150,075
Non-Interest Income      
Service charges and other fees 45,343 44,194 43,040
Miscellaneous loan fees and charges 4,363 3,919 4,906
Gain on sale of loans 32,227 21,132 27,233
Gain on sale of investments 0 346 4,822
Other income 9,563 8,608 7,545
Total non-interest income 91,496 78,199 87,546
Non-Interest Expense      
Compensation and employee benefits 95,373 85,691 87,728
Occupancy and equipment 23,837 23,599 24,261
Advertising and promotions 6,413 6,469 6,831
Outsourced data processing 3,324 3,153 3,057
Other real estate owned 18,964 27,255 22,193
Federal Deposit Insurance Corporation premiums 6,085 8,169 9,121
Core deposit intangible amortization 2,110 2,473 3,180
Goodwill impairment charge 0 40,159 0
Other expense 37,315 35,156 31,577
Total non-interest expense 193,421 232,124 187,948
Income Before Income Taxes 94,593 17,190 49,673
Federal and state income tax expense (benefit) 19,077 (281) 7,343
Net Income $ 75,516 $ 17,471 $ 42,330
Basic earnings per share $ 1.05 $ 0.24 $ 0.61
Diluted earnings per share $ 1.05 $ 0.24 $ 0.61
Dividends declared per share $ 0.53 $ 0.52 $ 0.52
Average outstanding shares - basic 71,928,570 71,915,073 69,657,980
Average outstanding shares - diluted 71,928,656 71,915,073 69,660,345