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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
INTEREST INCOME        
Interest and fees on loans $ 101,547 $ 97,240 $ 201,827 $ 187,948
Interest and dividends on investment securities        
Taxable 24,348 15,569 46,391 31,644
Exempt from federal income tax 2,178 2,247 4,343 4,434
Dividends 4 3 7 3
Interest on temporary investments and interest bearing deposits 340 545 741 944
Total interest income 128,417 115,604 253,309 224,973
INTEREST EXPENSE        
Interest on deposits 14,698 18,463 30,364 37,252
Interest on securities sold under agreement to repurchase and federal funds purchased 131 123 253 246
Interest on term debt 2,301 2,779 4,590 4,299
Interest on junior subordinated debentures 1,926 1,939 3,839 3,824
Total interest expense 19,056 23,304 39,046 45,621
Net interest income 109,361 92,300 214,263 179,352
PROVISION FOR NON-COVERED LOAN AND LEASE LOSSES 15,459 29,767 30,489 71,873
PROVISION FOR COVERED LOAN AND LEASE LOSSES 3,755   11,023  
Net interest income after provision for loan and lease losses 90,147 62,533 172,751 107,479
NON-INTEREST INCOME        
Service charges on deposit accounts 8,540 9,585 16,361 17,950
Brokerage commissions and fees 3,276 3,139 6,653 5,778
Mortgage banking revenue, net 4,807 3,209 10,082 6,687
Gain (loss) on investment securities, net        
Gain on sale of investment securities, net 5,678   5,678 1
Total other-than-temporary impairment losses (110)   (110) (5)
Portion of other-than-temporary impairment losses transferred from other comprehensive income 63   38 (284)
Total gain (loss) on investment securities, net 5,631   5,606 (288)
(Loss) gain on junior subordinated debentures carried at fair value (547)   (1,089) 6,088
Bargain purchase gain on acquisition       6,437
Change in FDIC indemnification asset (5,551) 263 (2,646) 873
Other income 3,471 2,367 6,245 5,085
Total non-interest income 19,627 18,563 41,212 48,610
NON-INTEREST EXPENSE        
Salaries and employee benefits 43,808 39,604 88,418 75,844
Net occupancy and equipment 12,547 11,472 25,064 22,148
Communications 2,796 2,596 5,606 4,820
Marketing 1,798 1,714 2,649 2,723
Services 6,026 5,831 11,908 10,746
Supplies 843 1,003 1,624 1,729
FDIC assessments 2,821 3,555 6,694 6,999
Net loss (gain) on other real estate owned 3,917 (952) 7,701 1,359
Intangible amortization 1,251 1,368 2,502 2,676
Merger related expenses 71 2,169 252 4,075
Other expenses 7,329 6,473 14,990 11,585
Total non-interest expense 83,207 74,833 167,408 144,704
Income before provision for income taxes 26,567 6,263 46,555 11,385
Provision for (benefit from) income taxes 8,782 2,800 15,303 (592)
Net income 17,785 3,463 31,252 11,977
Preferred stock dividends       12,192
Dividends and undistributed earnings allocated to participating securities 86 [1] 16 [1] 148 [1] 31 [1]
Net earnings (loss) available to common shareholders $ 17,699 $ 3,447 $ 31,104 $ (246)
Earnings (loss) per common share:        
Basic $ 0.15 $ 0.03 $ 0.27  
Diluted $ 0.15 $ 0.03 $ 0.27  
Weighted average number of common shares outstanding:        
Basic 114,611 110,135 114,593 101,205
Diluted 114,785 114,733 114,796 101,435
[1] Represents dividends paid and undistributed earnings allocated to nonvested restricted stock awards.