Acquisitions (Tables)

9 Months Ended

Sep. 30, 2011

Acquisitions [Abstract]

Fair value of acquired loan portfolio

	May 16, 2011
	(in thousands)
Contractually required principal and interest at acquisition	$	8,336,755
Contractual cash flows not expected to be collected		(1,209,749	)
Expected cash flows at acquisition		7,127,006
Interest component of expected cash flows		(716,576	)
Basis in acquired loans at acquisition – estimated fair value	$	6,410,430

Consideration paid for acquired identifiable assets and liabilities

The consideration paid for Wilmington Trust’s common equity and the amounts of acquired identifiable assets and liabilities assumed as of the acquisition date were as follows:

	(in thousands)
Purchase price:
Value of:
Common shares issued (4,694,486 shares)	$	405,557
Preferred stock purchased from U.S. Treasury		330,000
Total purchase price		735,557
Identifiable assets:
Cash and due from banks		178,940
Interest-bearing deposits at banks		2,606,265
Other short-term investments		57,817
Investment securities		510,390
Loans and leases		6,410,430
Core deposit and other intangibles		176,194
Other assets		905,006
Total identifiable assets		10,845,042
Liabilities:
Deposits		8,864,161
Short-term borrowings		147,752
Long-term borrowings		600,830
Other liabilities		431,812
Total liabilities		10,044,555
Net gain resulting from acquisition	$	64,930

Pro forma information

	Actual since acquisition through		Pro forma Nine months ended September 30
	September 30, 2011		2011		2010
	(in thousands)
Total revenues (a)	$	229,842		3,190,437		3,036,507
Net income		9,315		663,048		13,535

(a) Represents net interest income plus other income.

Summary of merger-related expenses associated with the Bradford and Provident acquisitions

	Three months ended September 30, 2011		Nine months ended September 30, 2011
	(in thousands)
Salaries and employee benefits	$	285	$	15,597
Equipment and net occupancy		119		223
Printing, postage and supplies		723		1,188
Other costs of operations		24,876		50,286
	$	26,003	$	67,294