XML 132 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
INTEREST INCOME      
Interest and fees on non-covered loans $ 343,717 $ 313,294 $ 319,702
Interest and fees on covered loans 54,497 73,518 86,011
Interest and dividends on investment securities:      
Taxable 34,146 59,078 85,785
Exempt from federal income tax 8,898 9,184 8,653
Dividends 252 83 12
Interest on temporary investments and interest bearing deposits 1,336 928 1,590
Total interest income 442,846 456,085 501,753
INTEREST EXPENSE      
Interest on deposits 20,755 31,133 55,743
Interest on securities sold under agreement to repurchase and federal funds purchased 141 288 539
Interest on term debt 9,248 9,279 9,255
Interest on junior subordinated debentures 7,737 8,149 7,764
Total interest expense 37,881 48,849 73,301
Net interest income 404,965 407,236 428,452
PROVISION FOR NON-COVERED LOAN AND LEASE LOSSES 16,829 21,796 46,220
(RECAPTURE OF) PROVISION FOR COVERED LOAN LOSSES (6,113) 7,405 16,141
Net interest income after provision for loan and lease losses 394,249 378,035 366,091
NON-INTEREST INCOME      
Service charges on deposit accounts 30,952 28,299 33,096
Brokerage commissions and fees 14,736 12,967 12,787
Mortgage banking revenue, net 78,885 84,216 26,550
Gain on investment securities, net 209 3,868 7,376
Loss on junior subordinated debentures carried at fair value (2,197) (2,203) (2,197)
Change in FDIC indemnification asset (25,549) (15,234) (6,168)
Other income 24,405 24,916 12,674
Total non-interest income 121,441 136,829 84,118
NON-INTEREST EXPENSE      
Salaries and employee benefits 209,991 200,946 179,480
Net occupancy and equipment 62,067 55,081 51,284
Communications 11,974 11,573 11,214
Marketing 6,062 5,064 6,138
Services 25,483 25,823 24,170
Supplies 2,843 2,506 2,824
FDIC assessments 6,954 7,308 10,768
Net loss on non-covered other real estate owned 1,113 9,245 10,690
Net loss on covered other real estate owned 135 3,410 7,481
Intangible amortization 4,781 4,816 4,948
Merger related expenses 8,836 2,338 360
Other expenses 24,422 31,542 29,614
Total non-interest expense 364,661 359,652 338,971
Income before income taxes 151,029 155,212 111,238
Provision for income taxes 52,668 53,321 36,742
Net income 98,361 101,891 74,496
Dividends and undistributed earnings allocated to participating securities 788 [1] 682 [1] 356 [1]
Net earnings available to common shareholders $ 97,573 $ 101,209 $ 74,140
Earnings per common share:      
Basic earnings per common share $ 0.87 $ 0.90 $ 0.65
Diluted earnings per common share $ 0.87 $ 0.90 $ 0.65
Weighted average number of common shares outstanding:      
Basic (in shares) 111,938 111,935 114,220
Diluted (in shares) 112,176 112,151 114,409
[1] Represents dividends paid and undistributed earnings allocated to nonvested restricted stock awards.