Quarterly Financial Information

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information [Abstract]

Quarterly Financial Information

NOTE 29. QUARTERLY FINANCIAL INFORMATION (Unaudited)

The following tables present the summary results for the eight quarters ending December 31, 2011:

2011
(in thousands, except per share information)
	2011
	December 31		September 30		June 30		March 31		Four Quarters
Interest income	$	121,917	$	126,527	$	128,417	$	124,892	$	501,753
Interest expense		15,262		18,993		19,056		19,990		73,301
Net interest income		106,655		107,534		109,361		104,902		428,452
Provision for non-covered loan and lease losses		6,642		9,089		15,459		15,030		46,220
Provision for covered loan and lease losses		698		4,420		3,755		7,268		16,141
Non-interest income		18,128		24,778		19,627		21,585		84,118
Non-interest expense		85,339		86,224		83,207		84,201		338,971
Income before provision for income taxes		32,104		32,579		26,567		19,988		111,238
Provision for income taxes		10,722		10,717		8,782		6,521		36,742
Net income		21,382		21,862		17,785		13,467		74,496
Dividends and undistributed earnings allocated to participating securities		103		105		86		62		356
Net earnings available to common shareholders	$	21,279	$	21,757	$	17,699	$	13,405	$	74,140
Basic earnings per common share	$	0.19	$	0.19	$	0.15	$	0.12
Diluted earnings per common share	$	0.19	$	0.19	$	0.15	$	0.12
Cash dividends declared per common share	$	0.07	$	0.07	$	0.05	$	0.05

2011
(in thousands, except per share information)
	2010
	December 31		September 30		June 30		March 31			Four Quarters
Interest income	$	130,677	$	132,946	$	115,604	$	109,369		$	488,596
Interest expense		23,562		24,629		23,304		22,317			93,812
Net interest income		107,115		108,317		92,300		87,052			394,784
Provision for non-covered loan and lease losses		17,567		24,228		29,767		42,106			113,668
Provision for covered loan and lease losses		4,484		667		—		—			5,151
Non-interest income		15,161		12,133		18,563		30,047			75,904
Non-interest expense		87,864		85,170		74,833		69,871			317,738
Income before provision for (benefit from) income taxes		12,361		10,385		6,263		5,122			34,131
Provision for (benefit from) income taxes		4,203		2,194		2,800		(3,392	)		5,805
Net income		8,158		8,191		3,463		8,514			28,326
Preferred stock dividends		—		—		—		12,192			12,192
Dividends and undistributed earnings allocated to participating securities		18		18		16		15			67
Net earnings (loss) available to common shareholders	$	8,140	$	8,173	$	3,447	$	(3,693	)	$	16,067
Basic earnings (loss) per common share	$	0.07	$	0.07	$	0.03	$	(0.04	)
Diluted earnings (loss) per common share	$	0.07	$	0.07	$	0.03	$	(0.04	)
Cash dividends declared per common share	$	0.05	$	0.05	$	0.05	$	0.05