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Consolidated Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest income:        
Loans $ 83,110 $ 82,010 $ 248,488 $ 242,132
MBS 10,361 16,719 38,632 56,681
Investments and cash equivalents 2,520 2,650 7,826 8,150
Total interest income 95,991 101,379 294,946 306,963
Interest expense:        
Deposits 8,981 14,135 30,004 46,645
Short-term borrowings 2,346 657 6,377 847
Long-term borrowings 9,356 11,751 29,994 36,085
Total interest expense 20,683 26,543 66,375 83,577
Net interest income 75,308 74,836 228,571 223,386
Provision for credit losses 2,000 6,000 10,000 26,000
Net interest income after provision for credit losses 73,308 68,836 218,571 197,386
Noninterest income:        
Fees and service charges 14,675 12,332 41,546 37,839
Mortgage banking operations 28,502 16,360 69,318 37,481
Loan servicing fees (2,092) (4,694) (183) (2,884)
BOLI 1,660 1,612 7,175 4,922
Gains on sales of securities, net 3,129 0 12,592 14,298
Other-than-temporary impairment losses on securities 0 [1] 0 [1] (6,819) [1] 0 [1]
Charge on prepayment of debt 0 0 (2,664) 0
Gains on other loan sales 476 2,671 3,887 1,792
Other 348 831 (1,826) (19)
Total noninterest income 46,698 29,112 123,026 93,429
Noninterest expense 89,408 86,620 265,664 266,515
Income before income taxes 30,598 11,328 75,933 24,300
Income tax benefit 0 0 288,842 0
Net income $ 30,598 $ 11,328 $ 364,775 $ 24,300
Earnings per share - basic (in dollars per share) $ 0.49 $ 0.18 $ 5.87 $ 0.39
Earnings per share - diluted (in dollars per share) $ 0.49 $ 0.18 $ 5.81 $ 0.39
Common Stock, Dividends, Per Share, Declared $ 0.15 $ 0.00 $ 0.15 $ 0.00
Weighted average shares outstanding - basic (in shares) 62,139,833 61,958,183 62,110,498 61,944,392
Weighted average shares outstanding - diluted (in shares) 62,845,864 62,041,203 62,745,177 62,236,465
[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.