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Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income:        
Loans $ 85,537 $ 79,735 $ 165,378 $ 160,122
MBS 12,936 19,928 28,271 39,962
Investments and cash equivalents 2,517 2,684 5,306 5,500
Total interest income 100,990 102,347 198,955 205,584
Interest expense:        
Deposits 9,921 15,216 21,023 32,510
Short-term borrowings 1,825 111 4,031 190
Long-term borrowings 10,334 12,213 20,638 24,334
Total interest expense 22,080 27,540 45,692 57,034
Net interest income 78,910 74,807 153,263 148,550
Provision for credit losses 4,000 10,000 8,000 20,000
Net interest income after provision for credit losses 74,910 64,807 145,263 128,550
Noninterest income:        
Fees and service charges 14,131 12,946 26,871 25,507
Mortgage banking operations 24,652 10,794 40,816 21,121
Loan servicing fees (471) 709 1,909 1,810
BOLI 3,769 1,578 5,515 3,310
Gains on sales of securities, net 9,321 8,297 9,463 14,298
Other-than-temporary impairment losses on securities (6,819) [1] 0 [1] (6,819) [1] 0 [1]
Charge on prepayment of debt (2,664) 0 (2,664) 0
Gains on other loan sales 2,811 471 3,411 (879)
Other 11 (460) (2,174) (850)
Total noninterest income 44,741 34,335 76,328 64,317
Noninterest expense 87,607 91,587 176,256 179,895
Income before income taxes 32,044 7,555 45,335 12,972
Income tax benefit 288,842 0 288,842 0
Net income $ 320,886 $ 7,555 $ 334,177 $ 12,972
Earnings per share - basic (in dollars per share) $ 5.17 $ 0.12 $ 5.38 $ 0.21
Earnings per share - diluted (in dollars per share) $ 5.13 $ 0.12 $ 5.33 $ 0.21
Weighted average shares outstanding - basic (in shares) 62,112,936 61,943,851 62,095,670 61,937,353
Weighted average shares outstanding - diluted (in shares) 62,610,054 62,312,224 62,648,152 62,320,028
[1] The other-than-temporary impairment recognized in earnings during the second quarter of 2012 did not have a portion recognized in accumulated other comprehensive income. See Note 3.