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Condensed Consolidated Statements Of Income (USD $)
In Thousands, except Per 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        
Interest and fees on non-covered loans $ 77,637 $ 79,321 $ 155,296 $ 158,054
Interest and fees on covered loans 16,935 22,226 34,278 43,773
Interest and dividends on investment securities:        
Taxable 16,535 24,348 34,655 46,391
Exempt from federal income tax 2,291 2,178 4,568 4,343
Dividends 28 4 34 7
Interest on temporary investments and interest bearing deposits 168 340 405 741
Total interest income 113,594 128,417 229,236 253,309
INTEREST EXPENSE        
Interest on deposits 8,169 14,698 17,014 30,364
Interest on securities sold under agreement to repurchase and federal funds purchased 79 131 159 253
Interest on term debt 2,305 2,301 4,609 4,590
Interest on junior subordinated debentures 2,029 1,926 4,087 3,839
Total interest expense 12,582 19,056 25,869 39,046
Net interest income 101,012 109,361 203,367 214,263
PROVISION FOR NON-COVERED LOAN AND LEASE LOSSES 6,638 15,459 9,805 30,489
PROVISION FOR COVERED LOAN AND LEASE LOSSES 1,406 3,755 1,375 11,023
Net interest income after provision for loan and lease losses 92,968 90,147 192,187 172,751
NON-INTEREST INCOME        
Service charges on deposit accounts 7,190 8,540 13,856 16,361
Brokerage commissions and fees 3,532 3,276 6,476 6,653
Mortgage banking revenue, net 15,641 4,807 28,723 10,082
Gain on investment securities, net:        
Gain on sale of investment securities, net 1,030 5,678 1,178 5,678
Total other-than-temporary impairment losses   (110)   (110)
Portion of other-than-temporary impairment losses transferred from other comprehensive income   63   38
Total gain on investment securities, net 1,030 5,631 1,178 5,606
Loss on junior subordinated debentures carried at fair value (547) (547) (1,095) (1,089)
Change in FDIC indemnification asset (4,040) (5,551) (5,885) (2,646)
Other income 6,120 3,471 12,910 6,245
Total non-interest income 28,926 19,627 56,163 41,212
NON-INTEREST EXPENSE        
Salaries and employee benefits 49,979 43,808 97,072 88,418
Net occupancy and equipment 13,580 12,547 27,078 25,064
Communications 2,845 2,796 5,787 5,606
Marketing 1,761 1,798 2,751 2,649
Services 6,631 6,026 12,793 11,908
Supplies 644 843 1,309 1,624
FDIC assessments 1,886 2,821 3,854 6,694
Net loss on non-covered other real estate owned 889 3,844 4,076 6,677
Net loss on covered other real estate owned 169 73 2,623 1,024
Intangible amortization 1,211 1,251 2,423 2,502
Merger related expenses 153 71 253 252
Other expenses 7,188 7,329 14,613 14,990
Total non-interest expense 86,936 83,207 174,632 167,408
Income before provision for income taxes 34,958 26,567 73,718 46,555
Provision for income taxes 11,681 8,782 24,938 15,303
Net income 23,277 17,785 48,780 31,252
Dividends and undistributed earnings allocated to participating securities 162 [1] 86 [1] 329 [1] 148 [1]
Net earnings available to common shareholders $ 23,115 $ 17,699 $ 48,451 $ 31,104
Earnings per common share:        
Basic $ 0.21 $ 0.15 $ 0.43 $ 0.27
Diluted $ 0.21 $ 0.15 $ 0.43 $ 0.27
Weighted average number of common shares outstanding:        
Basic 111,897 114,611 111,943 114,593
Diluted 112,078 114,785 112,120 114,796
[1] Represents dividends paid and undistributed earnings allocated to nonvested restricted stock awards.