XML 80 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements Of Income (USD $)
In Thousands, except Per 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        
Interest and fees on non-covered loans $ 78,090 $ 81,041 $ 233,386 $ 239,095
Interest and fees on covered loans 20,325 20,950 54,603 64,723
Interest and dividends on investment securities:        
Taxable 13,057 21,932 47,712 68,323
Exempt from federal income tax 2,302 2,136 6,870 6,479
Dividends 3 2 37 9
Interest on temporary investments and interest bearing deposits 331 466 736 1,207
Total interest income 114,108 126,527 343,344 379,836
INTEREST EXPENSE        
Interest on deposits 7,623 14,579 24,637 44,943
Interest on securities sold under agreement to repurchase and federal funds purchased 73 152 232 405
Interest on term debt 2,335 2,332 6,944 6,922
Interest on junior subordinated debentures 2,037 1,930 6,124 5,769
Total interest expense 12,068 18,993 37,937 58,039
Net interest income 102,040 107,534 305,407 321,797
PROVISION FOR NON-COVERED LOAN AND LEASE LOSSES 7,078 9,089 16,883 39,578
PROVISION FOR COVERED LOAN AND LEASE LOSSES 2,927 4,420 4,302 15,443
Net interest income after provision for loan and lease losses 92,035 94,025 284,222 266,776
NON-INTEREST INCOME        
Service charges on deposit accounts 7,122 8,849 20,978 25,210
Brokerage commissions and fees 3,186 3,115 9,662 9,768
Mortgage banking revenue, net 24,346 7,084 53,069 17,166
Gain on investment securities, net:        
Gain on sale of investment securities, net 21 1,813 1,199 7,491
Total other-than-temporary impairment losses       (110)
Portion of other-than-temporary impairment losses transferred from other comprehensive income       38
Total gain on investment securities, net 21 1,813 1,199 7,419
Loss on junior subordinated debentures carried at fair value (554) (554) (1,649) (1,643)
Change in FDIC indemnification asset (4,759) 1,611 (10,644) (1,035)
Other income 4,317 2,860 17,227 9,105
Total non-interest income 33,679 24,778 89,842 65,990
NON-INTEREST EXPENSE        
Salaries and employee benefits 49,543 45,023 146,615 133,441
Net occupancy and equipment 13,441 12,803 40,519 37,867
Communications 2,740 2,791 8,527 8,397
Marketing 1,104 2,007 3,855 4,656
Services 5,910 6,089 18,703 17,997
Supplies 627 686 1,936 2,310
FDIC assessments 1,699 1,867 5,553 8,561
Net loss on non-covered other real estate owned 2,168 2,289 6,244 8,967
Net loss on covered other real estate owned 461 4,755 3,084 5,778
Intangible amortization 1,189 1,222 3,612 3,724
Merger related expenses 85 51 338 303
Other expenses 8,007 6,641 22,620 21,631
Total non-interest expense 86,974 86,224 261,606 253,632
Income before provision for income taxes 38,740 32,579 112,458 79,134
Provision for income taxes 13,587 10,717 38,525 26,020
Net income 25,153 21,862 73,933 53,114
Dividends and undistributed earnings allocated to participating securities 170 [1] 105 [1] 499 [1] 253 [1]
Net earnings available to common shareholders $ 24,983 $ 21,757 $ 73,434 $ 52,861
Earnings per common share:        
Basic $ 0.22 $ 0.19 $ 0.66 $ 0.46
Diluted $ 0.22 $ 0.19 $ 0.65 $ 0.46
Weighted average number of common shares outstanding:        
Basic 111,899 114,540 111,928 114,576
Diluted 112,151 114,691 112,159 114,769
[1] Represents dividends paid and undistributed earnings allocated to nonvested restricted stock awards.