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Consolidated Statements of Earnings and Comprehensive Income (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 held-for-sale $ 56 $ 54 $ 5
Loans and leases, including fees 194,448 213,932 206,074
Accelerated accretion on acquired loans 12,586 26,740  
Loans, including fees 207,090 240,726 206,079
Investment securities:      
Taxable 37,310 49,720 76,798
Tax-advantaged 23,640 25,394 27,329
Total investment income 60,950 75,114 104,127
Dividends from FHLB 242 324 195
Federal funds sold 995 868 343
Interest-bearing deposits with other institutions 443 257 15
Total interest income 269,720 317,289 310,759
Interest expense:      
Deposits 8,708 18,253 24,956
Borrowings 23,002 36,354 59,572
Junior subordinated debentures 3,329 3,365 3,967
Total interest expense 35,039 57,972 88,495
Net interest income before provision for credit losses 234,681 259,317 222,264
Provision for credit losses 7,068 61,200 80,500
Net interest income after provision for credit losses 227,613 198,117 141,764
Other operating income:      
Impairment loss on investment securities (254) (317) (1,994)
Plus: Reclassification of credit-related impairment loss from other comprehensive income (402) (587) 1,671
Net impairment loss on investment securities recognized in earnings (656) (904) (323)
Service charges on deposit accounts 15,768 16,745 14,889
Trust and Investment Services 8,683 8,363 6,657
Bankcard services 3,144 2,776 2,338
BOLI Income 3,259 3,125 2,792
Gain on sale of securities, net   38,900 28,446
Increase (decrease) in FDIC loss sharing asset, net 171 (15,856) 1,398
Gain from SJB acquisition     21,122
Other 3,847 3,965 5,150
Total other operating income 34,216 57,114 81,071
Other operating expense:      
Salaries and employee benefits 69,993 69,419 62,985
Professional services 15,031 13,308 6,965
Occupancy and equipment 16,583 19,348 18,361
Software licenses and maintenance 3,669 5,031 2,320
Promotion 4,977 6,084 6,528
Amortization of Intangibles 3,481 3,732 3,163
OREO expense 6,729 7,490 1,211
Prepayment penalties on borrowings 3,310 18,663 4,402
Other 17,252 25,417 27,651
Total other operating expenses 141,025 168,492 133,586
Earnings before income taxes 120,804 86,739 89,249
Income taxes 39,071 23,804 23,830
Net earnings 81,733 62,935 65,419
Preferred stock dividends and amortization of preferred stock discount     12,763
Net earnings allocated to common shareholders 81,733 62,935 52,656
Other comprehensive income:      
Unrealized gain on securities arising during the period 61,490 3,160 24,086
Less: Reclassification adjustment for net gain on securities included in net income (656) (37,996) (28,123)
Other comprehensive income ,before tax 60,834 (34,836) (4,037)
Income tax related to items of other comprehensive income (25,550) 14,631 1,696
Other comprehensive income, net of tax 35,284 (20,205) (2,341)
Comprehensive income $ 117,017 $ 42,730 $ 63,078
Basic earnings per common share $ 0.77 $ 0.59 $ 0.56
Diluted earnings per common share $ 0.77 $ 0.59 $ 0.56
Cash dividends per common share $ 0.34 $ 0.34 $ 0.34