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CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
INTEREST INCOME:      
Loans $ 260,143 $ 265,136 $ 258,499
Investment securities 34,785 24,564 10,969
Deposits in financial institutions 356 584 406
Total interest income 295,284 290,284 269,874
INTEREST EXPENSE:      
Deposits 20,649 26,237 31,916
Borrowings 7,071 9,126 15,497
Subordinated debentures 4,923 5,594 6,415
Total interest expense 32,643 40,957 53,828
Net interest income 262,641 249,327 216,046
PROVISION FOR CREDIT LOSSES:      
Non-covered loans 13,300 178,992 141,900
Covered loans 13,270 33,500 18,000
Total provision for credit losses 26,570 212,492 159,900
Net interest income after provision for credit losses 236,071 36,835 56,146
NONINTEREST INCOME:      
Service charges on deposit accounts 13,829 11,561 12,008
Other commissions and fees 7,616 7,291 6,951
Other-than-temporary-impairment loss on covered securities   (874)  
Increase in cash surrender value of life insurance 1,443 1,440 1,579
FDIC loss sharing income, net 7,776 22,784 16,314
Gain from Affinity acquisition     66,989
Other income 762 1,036 2,066
Total noninterest income 31,426 43,238 105,907
NONINTEREST EXPENSE:      
Compensation 86,800 87,483 78,173
Occupancy 28,685 27,639 26,383
Data processing 8,964 8,538 6,946
Other professional services 8,986 7,835 6,314
Business development 2,321 2,463 2,541
Communications 3,011 3,329 2,932
Insurance and assessments 7,171 9,685 9,305
Non-covered other real estate owned, net 7,010 12,310 21,569
Covered other real estate owned, net 3,666 2,460 1,753
Intangible asset amortization 8,428 9,642 9,547
Acquisition costs 600 732 600
Other expense 14,351 16,687 13,141
Total noninterest expense 179,993 188,803 179,204
Earnings (loss) before income taxes 87,504 (108,730) (17,151)
Income tax (expense) benefit (36,800) 46,714 7,801
NET EARNINGS (LOSS) $ 50,704 $ (62,016) $ (9,350)
Earnings (loss) per share:      
Basic (in dollars per share) $ 1.37 $ (1.77) $ (0.30)
Diluted (in dollars per share) $ 1.37 $ (1.77) $ (0.30)