SELECTED QUARTERLY FINANCIAL DATA (Unaudited)

12 Months Ended

Dec. 31, 2012

SELECTED QUARTERLY FINANCIAL DATA (Unaudited)

SELECTED QUARTERLY FINANCIAL DATA (Unaudited)

NOTE 22—SELECTED QUARTERLY FINANCIAL DATA (Unaudited)

        The following table sets forth our unaudited, quarterly results for the periods indicated. For all periods including and prior to the second quarter of 2011, we reclassified recoveries on covered loans such that recoveries reduce the credit loss provision for covered loans rather than increase FDIC loss sharing income. Such reclassifications had no effect on reported net earnings or losses.

	Three Months Ended
	December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012
	(Dollars in thousands, except per share data)
Interest income	$	73,702		$	75,123		$	72,890		$	74,400
Interest expense		(4,099	)		(4,352	)		(4,477	)		(6,720	)
Net interest income		69,603			70,771			68,413			67,680
Negative provision (provision) for credit losses:
Non-covered loans		—			2,000			—			10,000
Covered loans		4,333			141			271			(3,926	)
Total negative provision for credit losses		4,333			2,141			271			6,074
FDIC loss sharing income (expense), net		(6,022	)		(367	)		(102	)		(3,579	)
Gain on sale of securities		1,239			—			—			—
Other-than-temporary impairment loss on covered security		—			—			(1,115	)		—
Other noninterest income		6,840			6,049			6,088			6,841
Total noninterest income		2,057			5,682			4,871			3,262
Non-covered OREO expense, net		(316	)		(1,883	)		(130	)		(1,821	)
Covered OREO expense, net		461			(4,290	)		(2,130	)		(822	)
Acquisition and integration costs		(1,092	)		(2,101	)		(871	)		(25	)
Debt termination expense		—			—			—			(22,598	)
Other noninterest expense		(42,578	)		(43,383	)		(44,454	)		(43,629	)
Total noninterest expense		(43,525	)		(51,657	)		(47,585	)		(68,895	)
Earnings before income taxes		32,468			26,937			25,970			8,121
Income tax expense		(12,576	)		(10,849	)		(10,413	)		(2,857	)
Net earnings	$	19,892		$	16,088		$	15,557		$	5,264
Earnings per share:
Basic	$	0.54		$	0.43		$	0.42		$	0.14
Diluted	$	0.54		$	0.43		$	0.42		$	0.14

	Three Months Ended
	December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011
	(Dollars in thousands, except per share data)
Interest income	$	70,913		$	72,518		$	77,196		$	74,657
Interest expense		(7,140	)		(8,077	)		(8,507	)		(8,919	)
Net interest income		63,773			64,441			68,689			65,738
Provision for credit losses:
Non-covered loans		—			—			(5,500	)		(7,800	)
Covered loans		(4,122	)		(348	)		(5,890	)		(2,910	)
Total provision for credit losses		(4,122	)		(348	)		(11,390	)		(10,710	)
FDIC loss sharing income (expense), net		2,667			963			5,316			(1,170	)
Other noninterest income		5,587			6,180			5,924			5,959
Total noninterest income		8,254			7,143			11,240			4,789
Non-covered OREO expense, net		(1,714	)		(2,293	)		(2,300	)		(703	)
Covered OREO expense, net		(226	)		(4,813	)		(1,205	)		2,578
Acquisition and integration costs		(600	)		—			—			—
Other noninterest expense		(40,929	)		(41,481	)		(43,033	)		(43,274	)
Total noninterest expense		(43,469	)		(48,587	)		(46,538	)		(41,399	)
Earnings before income taxes		24,436			22,649			22,001			18,418
Income tax expense		(10,553	)		(9,345	)		(9,160	)		(7,742	)
Net earnings	$	13,883		$	13,304		$	12,841		$	10,676
Earnings per share:
Basic	$	0.38		$	0.36		$	0.35		$	0.29
Diluted	$	0.38		$	0.36		$	0.35		$	0.29