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Unaudited Condensed Consolidated Statements of Operations (USD $)
In Thousands, except 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        
Residential real estate loans $ 7,320 $ 7,740 $ 21,606 $ 23,019
Commercial loans 34,291 30,293 92,788 91,764
Consumer and other loans 8,447 8,826 24,220 26,809
Investment securities 19,473 15,156 51,023 52,499
Total interest income 69,531 62,015 189,637 194,091
Interest Expense        
Deposits 3,398 4,485 10,584 14,048
Securities sold under agreements to repurchase 209 395 646 997
Federal Home Loan Bank advances 2,730 3,116 8,029 9,715
Federal funds purchased and other borrowed funds 54 53 160 176
Subordinated debentures 795 858 2,410 2,613
Total interest expense 7,186 8,907 21,829 27,549
Net Interest Income 62,345 53,108 167,808 166,542
Provision for loan losses 1,907 2,700 5,085 19,250
Net interest income after provision for loan losses 60,438 50,408 162,723 147,292
Non-Interest Income        
Service charges and other fees 13,711 11,939 36,115 33,722
Miscellaneous loan fees and charges 1,408 1,080 3,650 3,139
Gain on sale of loans 7,021 8,728 23,582 23,063
Loss on sale of investments (403) 0 (299) 0
Other income 2,136 2,227 6,997 6,179
Total non-interest income 23,873 23,974 70,045 66,103
Non-Interest Expense        
Compensation and employee benefits 27,469 24,046 76,963 71,290
Occupancy and equipment 6,421 6,001 18,152 17,794
Advertising and promotions 1,897 1,820 5,066 4,935
Outsourced data processing 1,232 801 2,870 2,435
Other real estate owned 1,049 6,373 4,901 15,394
Federal Deposit Insurance Corporation premiums 1,331 1,767 3,789 4,779
Core deposit intangibles amortization 693 532 1,684 1,619
Other expense 10,276 8,838 28,858 27,167
Total non-interest expense 50,368 50,178 142,283 145,413
Income Before Income Taxes 33,943 24,204 90,485 67,982
Federal and state income tax expense 8,315 4,760 21,387 13,224
Net Income $ 25,628 $ 19,444 $ 69,098 $ 54,758
Basic earnings per share $ 0.35 $ 0.27 $ 0.95 $ 0.76
Diluted earnings per share $ 0.35 $ 0.27 $ 0.95 $ 0.76
Dividends declared per share $ 0.15 $ 0.13 $ 0.44 $ 0.39
Average outstanding shares - basic 73,945,523 71,933,141 72,804,321 71,925,664
Average outstanding shares - diluted 74,021,871 71,973,985 72,869,475 71,925,761