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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income        
Loans and leases $ 186,999 $ 174,059 $ 356,696 $ 344,349
Securities 43,471 41,223 85,046 85,486
Due from banks - interest-bearing 378 158 820 270
Federal funds sold and securities purchased under resale agreements 1,477 1,555 2,848 2,690
Total interest income 232,325 216,995 445,410 432,795
Interest expense        
Deposits 2,060 2,990 4,194 5,930
Federal funds purchased and securities sold under repurchase agreements   123   400
Subordinated debt 6,117 6,117 12,221 12,223
Other long-term debt 5,046 4,722 10,095 9,701
Other short-term borrowings   124   549
Total interest expense 13,223 14,076 26,510 28,803
Net interest income 219,102 202,919 418,900 403,992
(Reversal of) provision for credit losses on loans and leases, excluding covered loans (1,000)   (1,000)  
(Reversal of) provision for losses on covered loans (1,461) (11,927) 3,194 (2,035)
Net interest income after provision 221,563 214,846 416,706 406,027
Noninterest income        
Trust and investment fees 54,599 49,830 107,905 96,483
Brokerage and mutual fund fees 14,240 8,107 24,282 16,173
Cash management and deposit transaction charges 12,128 12,880 24,161 25,889
International services 11,483 10,911 21,878 20,530
FDIC loss sharing expense, net (24,161) (26,477) (31,244) (30,829)
Gain on disposal of assets 6,838 949 9,664 2,063
Gain on sale of securities 5,367 5,790 7,489 6,836
Other 20,853 20,401 38,460 38,774
Impairment loss on securities:        
Total other-than-temporary impairment loss on securities (565) (422) (565) (422)
Less: Portion of loss recognized in other comprehensive income 317 240 317 240
Net impairment loss recognized in earnings (248) (182) (248) (182)
Total noninterest income 101,099 82,209 202,347 175,737
Noninterest expense        
Salaries and employee benefits 138,859 127,168 275,692 255,363
Net occupancy of premises 16,595 16,205 32,689 32,194
Legal and professional fees 18,393 13,514 31,343 25,466
Information services 9,463 9,183 18,809 18,574
Depreciation and amortization 7,885 8,249 15,713 16,421
Amortization of intangibles 1,454 1,931 2,941 3,863
Marketing and advertising 8,982 8,293 18,757 16,269
Office services and equipment 5,287 5,034 10,197 9,980
Other real estate owned 2,372 4,385 3,805 9,635
FDIC assessments 2,765 3,663 4,156 9,144
Other operating 13,567 13,804 26,413 25,860
Total noninterest expense 225,622 211,429 440,515 422,769
Income before income taxes 97,040 85,626 178,538 158,995
Income taxes 29,829 25,422 56,117 46,683
Net income 67,211 60,204 122,421 112,312
Less: Net income attributable to noncontrolling interest 510 463 1,209 1,048
Net income attributable to City National Corporation 66,701 59,741 121,212 111,264
Less: Dividends on preferred stock 4,094 2,406 8,188 4,812
Net income available to common shareholders $ 62,607 $ 57,335 $ 113,024 $ 106,452
Net income per common share, basic (in dollars per share) $ 1.13 $ 1.05 $ 2.04 $ 1.95
Net income per common share, diluted (in dollars per share) $ 1.11 $ 1.04 $ 2.01 $ 1.94
Weighted average common shares outstanding, basic (in shares) 54,957 54,105 54,824 53,919
Weighted average common shares outstanding, diluted (in shares) 55,632 54,477 55,541 54,280
Dividends per common share (in dollars per share) $ 0.33 $ 0.25 $ 0.66 $ 0.25