Acquisitions (Tables)

9 Months Ended

Sep. 30, 2012

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		112,094
Other assets		969,106
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

	Pro forma Nine months ended
	September 30, 2011
	(in thousands)
Total revenues (a)	$	3,190,437
Net income		663,048

(a) Represents net interest income plus other income.

Summary of Merger-Related Expenses

A summary of merger-related expenses included in the consolidated statement of income follows:

	Three months ended				Nine months ended
	September 30, 2012		September 30, 2011		September 30, 2012		September 30, 2011
	(in thousands)
Salaries and employee benefits	$	—		285	$	4,997		15,597
Equipment and net occupancy		—		119		15		223
Printing, postage and supplies		—		723		—		1,188
Other costs of operations		—		24,876		4,867		50,286
	$	—		26,003	$	9,879		67,294