10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20459

FORM 10-Q

(Mark One)

ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2012, or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period fromto

Commission File No. 0-10587

FULTON FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

PENNSYLVANIA	23-2195389
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
One Penn Square, P.O. Box 4887, Lancaster, Pennsylvania	17604
(Address of principal executive offices)	(Zip Code)

(717) 291-2411

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ý    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  ý    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company in Rule 12b-2 of the Exchange Act.

Large accelerated filer	ý	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  ý

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:

Common Stock, $2.50 Par Value – 200,791,000 shares outstanding as of April 30, 2012.

FULTON FINANCIAL CORPORATION

FORM 10-Q FOR THE THREE MONTHS ENDED MARCH 31, 2012

INDEX

Description		Page
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements (Unaudited):
(a)	Consolidated Balance Sheets - March 31, 2012 and December 31, 2011	3
(b)	Consolidated Statements of Income - Three months ended March 31, 2012 and 2011	4
(c)	Consolidated Statements of Comprehensive Income - Three months ended March 31, 2012 and 2011	5
(d)	Consolidated Statements of Shareholders’ Equity - Three months ended March 31, 2012 and 2011	6
(e)	Consolidated Statements of Cash Flows - Three months ended March 31, 2012 and 2011	7
(f)	Notes to Consolidated Financial Statements	8
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations		29
Item 3. Quantitative and Qualitative Disclosures about Market Risk		44
Item 4. Controls and Procedures		49
PART II. OTHER INFORMATION
Item 1. Legal Proceedings		50
Item 1A. Risk Factors		50
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds		50
Item 3. Defaults Upon Senior Securities		50
Item 4. Mine Safety Disclosures		50
Item 5. Other Information		50
Item 6. Exhibits		50
Signatures		51
Exhibit Index		52

2

Item 1. Financial Statements

FULTON FINANCIAL CORPORATION

CONSOLIDATED BALANCE SHEETS

(in thousands, except per-share data)

	March 31, 2012			December 31, 2011
	(unaudited)
ASSETS
Cash and due from banks	$	286,875		$	292,598
Interest-bearing deposits with other banks	106,227			175,336
Loans held for sale	70,128			47,009
Investment securities:
Held to maturity (estimated fair value of $6,626 in 2012 and $6,699 in 2011)	6,608			6,669
Available for sale	3,082,799			2,673,298
Loans, net of unearned income	11,957,600			11,968,970
Less: Allowance for loan losses	(256,496		)	(256,471		)
Net Loans	11,701,104			11,712,499
Premises and equipment	215,756			212,274
Accrued interest receivable	51,247			51,098
Goodwill	535,980			536,005
Intangible assets	7,403			8,204
Other assets	472,095			655,518
Total Assets	$	16,536,222		$	16,370,508
LIABILITIES
Deposits:
Noninterest-bearing	$	2,682,259		$	2,588,034
Interest-bearing	9,658,463			9,937,705
Total Deposits	12,340,722			12,525,739
Short-term borrowings:
Federal funds purchased	585,547			253,470
Other short-term borrowings	379,003			343,563
Total Short-Term Borrowings	964,550			597,033
Accrued interest payable	27,674			25,686
Other liabilities	246,432			189,362
Federal Home Loan Bank advances and long-term debt	933,981			1,040,149
Total Liabilities	14,513,359			14,377,969
SHAREHOLDERS’ EQUITY
Common stock, $2.50 par value, 600 million shares authorized, 216.2 million shares issued in 2012 and 2011	540,594			540,386
Additional paid-in capital	1,423,875			1,423,727
Retained earnings	288,151			264,059
Accumulated other comprehensive income	12,109			7,955
Treasury stock, at cost, 15.9 million shares outstanding in 2012 and 16.0 million shares oustanding in 2011	(241,866		)	(243,588		)
Total Shareholders’ Equity	2,022,863			1,992,539
Total Liabilities and Shareholders’ Equity	$	16,536,222		$	16,370,508
See Notes to Consolidated Financial Statements

3

FULTON FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

(in thousands, except per-share data)

	Three Months Ended March 31
	2012		2011
INTEREST INCOME
Loans, including fees	$	144,346	$	149,496
Investment securities:
Taxable	18,661		21,807
Tax-exempt	2,701		3,175
Dividends	699		683
Loans held for sale	431		500
Other interest income	53		33
Total Interest Income	166,891		175,694
INTEREST EXPENSE
Deposits	16,250		23,286
Short-term borrowings	281		254
Long-term debt	11,665		12,591
Total Interest Expense	28,196		36,131
Net Interest Income	138,695		139,563
Provision for credit losses	28,000		38,000
Net Interest Income After Provision for Credit Losses	110,695		101,563
OTHER INCOME
Service charges on deposit accounts	14,842		13,305
Other service charges and fees	10,555		11,482
Mortgage banking income	10,050		5,463
Investment management and trust services	9,377		9,204
Other	5,605		3,722
Investment securities gains (losses), net:
Other-than-temporary impairment losses	—		(995		)
Less: Portion of gain recognized in other comprehensive income (before taxes)	—		(296		)
Net other-than-temporary impairment losses	—		(1,291		)
Net gains on sales of investment securities	1,251		3,576
Investment securities gains, net	1,251		2,285
Total Other Income	51,680		45,461
OTHER EXPENSES
Salaries and employee benefits	60,360		54,308
Net occupancy expense	10,935		11,366
Data processing	3,688		3,372
Equipment expense	3,369		3,132
Operating risk loss	3,368		(462		)
FDIC insurance expense	3,021		4,754
Other real estate owned and repossession expense	2,928		1,271
Professional fees	2,582		2,849
Marketing	2,472		2,836
Software	2,175		2,031
Intangible amortization	801		1,178
Other	15,012		14,229
Total Other Expenses	110,711		100,864
Income Before Income Taxes	51,664		46,160
Income taxes	13,532		12,375
Net Income	$	38,132	$	33,785
PER SHARE:
Net Income (Basic)	$	0.19	$	0.17
Net Income (Diluted)	0.19		0.17
Cash Dividends	0.07		0.04
See Notes to Consolidated Financial Statements

4

FULTON FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

	Three Months Ended March 31
	2012			2011
	(in thousands)
Net Income	$	38,132		$	33,785
Other Comprehensive Income:
Unrealized gain on securities (net of a $2.5 million and $1.9 million tax effect in 2012 and 2011, respectively)	4,584			3,568
Non-credit related unrealized gain on other-than-temporarily impaired debt securities (net of a $73,000 and $134,000 tax effect in 2012 and 2011, respectively)	135			249
Unrealized gain on derivative financial instruments (net of an $18,000 tax effect in 2012 and 2011)	34			34
Amortization (accretion) of net unrecognized pension and postretirement plan items (net of a $115,000 and $6,000 tax effect in 2012 and 2011, respectively)	214			(12		)
Reclassification adjustment for securities gains included in net income (net of a $438,000 and $800,000 tax effect in 2012 and 2011, respectively)	(813		)	(1,485		)
Other Comprehensive Income	4,154			2,354
Total Comprehensive Income	$	42,286		$	36,139
See Notes to Consolidated Financial Statements

5

FULTON FINANCIAL CORPORATION

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (UNAUDITED)

THREE MONTHS ENDED MARCH 31, 2012 AND 2011

(in thousands, except per-share data)

	Common Stock						Retained Earnings					Treasury Stock			Total
	Shares Outstanding	Amount		Additional Paid-in Capital						Accumulated Other Comprehensive Income
Balance at December 31, 2011	200,164	$	540,386	$	1,423,727		$	264,059		$	7,955	$	(243,588	)	$	1,992,539
Net income							38,132								38,132
Other comprehensive income										4,154					4,154
Stock issued, including related tax benefits	190	208		(565		)						1,722			1,365
Stock-based compensation awards				713											713
Common stock cash dividends - $0.07 per share							(14,040		)						(14,040		)
Balance at March 31, 2012	200,354	$	540,594	$	1,423,875		$	288,151		$	12,109	$	(241,866	)	$	2,022,863
Balance at December 31, 2010	199,050	$	538,492	$	1,420,127		$	158,453		$	12,495	$	(249,178	)	$	1,880,389
Net income							33,785								33,785
Other comprehensive income										2,354					2,354
Stock issued, including related tax benefits	141	177		(8		)						1,062			1,231
Stock-based compensation awards				547											547
Common stock cash dividends - $0.04 per share							(7,984		)						(7,984		)
Balance at March 31, 2011	199,191	$	538,669	$	1,420,666		$	184,254		$	14,849	$	(248,116	)	$	1,910,322
See Notes to Consolidated Financial Statements

6

FULTON FINANCIAL CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(in thousands)

	Three Months Ended March 31
	2012			2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$	38,132		$	33,785
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	28,000			38,000
Depreciation and amortization of premises and equipment	5,327			5,104
Net amortization of investment securities premiums	2,849			1,704
Investment securities gains	(1,251		)	(2,285		)
Net (increase) decrease in loans held for sale	(23,119		)	53,037
Amortization of intangible assets	801			1,178
Stock-based compensation	713			547
Excess tax benefits from stock-based compensation	(3		)	—
(Increase) decrease in accrued interest receivable	(149		)	963
(Increase) decrease in other assets	(428		)	14,626
Increase in accrued interest payable	1,988			1,059
Increase (decrease) in other liabilities	10,282			(6,362		)
Total adjustments	25,010			107,571
Net cash provided by operating activities	63,142			141,356
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of securities available for sale	183,685			411,196
Proceeds from maturities of securities held to maturity	75			92
Proceeds from maturities of securities available for sale	177,855			161,756
Purchase of securities held to maturity	(14		)	(8		)
Purchase of securities available for sale	(539,783		)	(282,144		)
Decrease (increase) in short-term investments	69,109			(49,996		)
Net (increase) decrease in loans	(16,670		)	17,757
Net purchases of premises and equipment	(8,809		)	(5,458		)
Net cash (used in) provided by investing activities	(134,552		)	253,195
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (decrease) increase in demand and savings deposits	(47,636		)	210,068
Net decrease in time deposits	(137,381		)	(190,039		)
Increase (decrease) in short-term borrowings	367,517			(259,679		)
Repayments of long-term debt	(106,168		)	(83,761		)
Net proceeds from issuance of stock	1,362			1,231
Excess tax benefits from stock-based compensation	3			—
Dividends paid	(12,010		)	(5,972		)
Net cash provided by (used in) financing activities	65,687			(328,152		)
Net (Decrease) Increase in Cash and Due From Banks	(5,723		)	66,399
Cash and Due From Banks at Beginning of Period	292,598			198,954
Cash and Due From Banks at End of Period	$	286,875		$	265,353
Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for:
Interest	$	26,208		$	35,072
Income taxes	4,169			145
See Notes to Consolidated Financial Statements

7

FULTON FINANCIAL CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE A – Basis of Presentation

The accompanying unaudited consolidated financial statements of Fulton Financial Corporation (the Corporation) have been prepared in conformity with U.S. generally accepted accounting principles (U.S. GAAP) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities as of the date of the financial statements as well as revenues and expenses during the period. Actual results could differ from those estimates. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three-month period ended March 31, 2012 are not necessarily indicative of the results that may be expected for the year ending December 31, 2012. The Corporation evaluates subsequent events through the date of filing with the Securities and Exchange Commission (SEC).

NOTE B – Net Income Per Share

The Corporation’s basic net income per common share is calculated as net income divided by the weighted average number of common shares outstanding.

For diluted net income per common share, net income is divided by the weighted average number of common shares outstanding plus the incremental number of shares added as a result of converting common stock equivalents, calculated using the treasury stock method. The Corporation’s common stock equivalents consist of outstanding stock options and restricted stock.

A reconciliation of weighted average common shares outstanding used to calculate basic net income per common share and diluted net income per common share follows for the three months ended March 31:

	2012	2011
	(in thousands)
Weighted average shares outstanding (basic)	199,492	198,599
Effect of dilutive securities	852	687
Weighted average shares outstanding (diluted)	200,344	199,286

For the three months ended March 31, 2012 and 2011, 5.2 million and 4.6 million stock options, respectively, were excluded from the diluted net income per share computation as their effect would have been anti-dilutive.

NOTE C – Accumulated Other Comprehensive Income

The following tables present changes in each component of accumulated other comprehensive income for the three months ended March 31, 2012 and 2011:

	Unrealized Gains on Investment Securities Not Other-Than-Temporarily Impaired		Unrealized Non-Credit Losses on Other-Than-Temporarily Impaired Debt Securities			Unrecognized Pension and Postretirement Plan Items			Unrealized Effective Portions of Losses on Forward-Starting Interest Rate Swaps			Total
	(in thousands)
Three months ended March 31, 2012
Balance at December 31, 2011	$	27,054	$	(1,011	)	$	(15,134	)	$	(2,954	)	$	7,955
Current-period other comprehensive income	3,771		135			214			34			4,154
Balance at March 31, 2012	$	30,825	$	(876	)	$	(14,920	)	$	(2,920	)	$	12,109
Three months ended March 31, 2011
Balance at December 31, 2010	$	22,354	$	(2,355	)	$	(4,414	)	$	(3,090	)	$	12,495
Current-period other comprehensive income (loss)	1,437		895			(12		)	34			2,354
Balance at March 31, 2011	$	23,791	$	(1,460	)	$	(4,426	)	$	(3,056	)	$	14,849

8

NOTE D – Investment Securities

The following tables present the amortized cost and estimated fair values of investment securities:

Held to Maturity at March 31, 2012	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(in thousands)
U.S. Government sponsored agency securities	$	6,001	$	—	$	(21	)	$	5,980
State and municipal securities	179		—		—			179
Mortgage-backed securities	428		39		—			467
	$	6,608	$	39	$	(21	)	$	6,626
Available for Sale at March 31, 2012
Equity securities	$	110,336	$	3,811	$	(1,028	)	$	113,119
U.S. Government securities	330		—		—			330
U.S. Government sponsored agency securities	3,980		71		(1		)	4,050
State and municipal securities	296,231		14,437		(36		)	310,632
Corporate debt securities	132,686		6,235		(11,341		)	127,580
Collateralized mortgage obligations	1,077,326		19,678		(419		)	1,096,585
Mortgage-backed securities	1,174,146		33,126		(646		)	1,206,626
Auction rate securities	241,682		151		(17,956		)	223,877
	$	3,036,717	$	77,509	$	(31,427	)	$	3,082,799

Held to Maturity at December 31, 2011	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(in thousands)
U.S. Government sponsored agency securities	$	5,987	$	—	$	(14	)	$	5,973
State and municipal securities	179		—		—			179
Mortgage-backed securities	503		44		—			547
	$	6,669	$	44	$	(14	)	$	6,699
Available for Sale at December 31, 2011
Equity securities	$	117,486	$	2,383	$	(2,819	)	$	117,050
U.S. Government securities	334		—		—			334
U.S. Government sponsored agency securities	3,987		87		(1		)	4,073
State and municipal securities	306,186		15,832		—			322,018
Corporate debt securities	132,855		4,979		(14,528		)	123,306
Collateralized mortgage obligations	982,851		19,186		(828		)	1,001,209
Mortgage-backed securities	848,675		31,837		(415		)	880,097
Auction rate securities	240,852		120		(15,761		)	225,211
	$	2,633,226	$	74,424	$	(34,352	)	$	2,673,298

Securities carried at $1.8 billionas of March 31, 2012 and December 31, 2011 were pledged as collateral to secure public and trust deposits and customer repurchase agreements. Available for sale equity securities include restricted investment securities issued by the Federal Home Loan Bank (FHLB) and the Federal Reserve Bank totaling $79.7 millionand $82.5 million as of March 31, 2012 and December 31, 2011, respectively.

9

The amortized cost and estimated fair values of debt securities as of March 31, 2012, by contractual maturity, are shown in the following table. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Held to Maturity				Available for Sale
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
	(in thousands)
Due in one year or less	$	179	$	179	$	55,804	$	56,063
Due from one year to five years	6,001		5,980		42,008		43,985
Due from five years to ten years	—		—		151,445		162,134
Due after ten years	—		—		425,652		404,287
	6,180		6,159		674,909		666,469
Collateralized mortgage obligations	—		—		1,077,326		1,096,585
Mortgage-backed securities	428		467		1,174,146		1,206,626
	$	6,608	$	6,626	$	2,926,381	$	2,969,680

The following table presents information related to the Corporation’s gains and losses on the sales of equity and debt securities, and losses recognized for the other-than-temporary impairment of investments:

	Gross Realized Gains		Gross Realized Losses			Other-than- temporary Impairment Losses			Net Gains (Losses)
	(in thousands)
Three months ended March 31, 2012
Equity securities	$	1,086	$	—		$	—		$	1,086
Debt securities	165		—			—			165
Total	$	1,251	$	—		$	—		$	1,251
Three months ended March 31, 2011:
Equity securities	$	5	$	—		$	(297	)	$	(292	)
Debt securities	3,589		(18		)	(994		)	2,577
Total	$	3,594	$	(18	)	$	(1,291	)	$	2,285

The following table presents a summary of the cumulative credit related other-than-temporary impairment charges, recognized as components of earnings, for debt securities still held by the Corporation at March 31, 2012 and 2011:

	2012			2011
	(in thousands)
Balance of cumulative credit losses on debt securities, beginning of period	$	(22,781	)	$	(27,560	)
Additions for credit losses recorded which were not previously recognized as components of earnings	—			(994		)
Reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security	89			37
Balance of cumulative credit losses on debt securities, end of period	$	(22,692	)	$	(28,517	)

10

The following table presents the gross unrealized losses and estimated fair values of investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2012:

	Less than 12 months					12 months or longer					Total
	Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses
	(in thousands)
U.S. Government sponsored agency securities	$	197	$	(1	)	$	5,379	$	(21	)	$	5,576	$	(22	)
State and municipal securities	1,676		(36		)	—		—			1,676		(36		)
Corporate debt securities	9,503		(1,660		)	37,877		(9,681		)	47,380		(11,341		)
Collateralized mortgage obligations	161,795		(419		)	—		—			161,795		(419		)
Mortgage-backed securities	201,971		(646		)	—		—			201,971		(646		)
Auction rate securities	14,574		(623		)	193,699		(17,333		)	208,273		(17,956		)
Total debt securities	389,716		(3,385		)	236,955		(27,035		)	626,671		(30,420		)
Equity securities	8,424		(761		)	1,914		(267		)	10,338		(1,028		)
	$	398,140	$	(4,146	)	$	238,869	$	(27,302	)	$	637,009	$	(31,448	)

For its investments in equity securities, particularly its investments in stocks of financial institutions, management evaluates the near-term prospects of the issuers in relation to the severity and duration of the impairment. Based on that evaluation and the Corporation’s ability and intent to hold those investments for a reasonable period of time sufficient for a recovery of fair value, the Corporation does not consider those investments with unrealized holding losses as of March 31, 2012 to be other-than-temporarily impaired. As of March 31, 2012, the financial institutions stock portfolio had a cost basis of $24.0 million and a fair value of $26.8 million.

The unrealized holding losses on student loan auction rate securities, also known as auction rate certificates (ARCs), are attributable to liquidity issues resulting from the failure of periodic auctions. Fulton Financial Advisors (FFA), the investment management and trust division of the Corporation’s Fulton Bank, N.A. subsidiary, held ARCs for some of its customers’ accounts. FFA had previously purchased ARCs for customers as short-term investments with fair values that could be derived based on periodic auctions under normal market conditions. During 2008 and 2009, the Corporation purchased ARCs from customers due to the failure of these periodic auctions, which made these previously short-term investments illiquid.

As of March 31, 2012, approximately $173 million, or 77%, of the ARCs were rated above investment grade, with approximately $27 million, or 12%, AAA rated and $106 million, or 47%, AA rated. Approximately $51 million, or 23%, of ARCs were either not rated or rated below investment grade by at least one ratings agency. Of this amount, approximately $32 million, or 63%, of the student loans underlying these ARCs have principal payments which are guaranteed by the federal government.In total, approximately $203 million, or 91%, of the student loans underlying the ARCs have principal payments which are guaranteed by the federal government.As of March 31, 2012, all ARCs were current and making scheduled interest payments.Based on management’s evaluations, ARCs with a fair value of $223.9 million were not subject to any other-than-temporary impairment charges as of March 31, 2012. The Corporation does not have the intent to sell and does not believe it will more likely than not be required to sell any of these securities prior to a recovery of their fair value to amortized cost, which may be at maturity.

The Corporation’s collateralized mortgage obligations and mortgage-backed securities have contractual terms that generally do not permit the issuer to settle the securities at a price less than the amortized cost of the investment. Because the decline in market value of these securities is attributable to changes in interest rates and not credit quality, and because the Corporation does not have the intent to sell and does not believe it will more likely than not be required to sell any of these securities prior to a recovery of their fair value to amortized cost, the Corporation does not consider these investments to be other-than-temporarily impaired as of March 31, 2012.

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The majority of the Corporation's available for sale corporate debt securities are issued by financial institutions. The following table presents the amortized cost and estimated fair values of corporate debt securities:

	March 31, 2012				December 31, 2011
	Amortized cost		Estimated fair value		Amortized cost		Estimated fair value
	(in thousands)
Single-issuer trust preferred securities	$	83,935	$	77,625	$	83,899	$	74,365
Subordinated debt	40,211		42,357		40,184		41,296
Pooled trust preferred securities	6,004		5,062		6,236		5,109
Corporate debt securities issued by financial institutions	130,150		125,044		130,319		120,770
Other corporate debt securities	2,536		2,536		2,536		2,536
Available for sale corporate debt securities	$	132,686	$	127,580	$	132,855	$	123,306

The Corporation’s investments in single-issuer trust preferred securities had an unrealized loss of $6.3 million at March 31, 2012.The Corporation did not record any other-than-temporary impairment charges for single-issuer trust preferred securities during the three months ended March 31, 2012 or 2011, respectively. The Corporation held 13 single-issuer trust preferred securities that were rated below investment grade by at least one ratings agency, with an amortized cost of $41.2 million and an estimated fair value of $40.6 million at March 31, 2012.The majority of the single-issuer trust preferred securities rated below investment grade were rated BB or Ba. Single-issuer trust preferred securities with an amortized cost of $7.8 million and an estimated fair value of $6.3 million at March 31, 2012 were not rated by any ratings agency.

The Corporation held ten pooled trust preferred securities as of March 31, 2012. Nine of these securities, with an amortized cost of $5.6 million and an estimated fair value of $4.7 million, were rated below investment grade by at least one ratings agency, with ratings ranging from C to Ca. For each of the nine pooled trust preferred securities rated below investment grade, the class of securities held by the Corporation was below the most senior tranche, with the Corporation’s interests being subordinate to other investors in the pool. The Corporation determines the fair value of pooled trust preferred securities based on quotes provided by third-party brokers.

The amortized cost of pooled trust preferred securities is the purchase price of the securities, net of cumulative credit related other-than-temporary impairment charges, determined using an expected cash flows model. The most significant input to the expected cash flows model is the expected payment deferral rate for each pooled trust preferred security. The Corporation evaluates the financial metrics, such as capital ratios and non-performing asset ratios, of the individual financial institution issuers that comprise each pooled trust preferred security to estimate its expected deferral rate. The actual weighted average cumulative defaults and deferrals as a percentage of original collateral were approximately 39% as of March 31, 2012. The discounted cash flows modeling for pooled trust preferred securities held by the Corporation as of March 31, 2012 assumed, on average, an additional 15% expected deferral rate.

Based on management’s evaluations, corporate debt securities with a fair value of $127.6 million were not subject to any other-than-temporary impairment charges as of March 31, 2012. The Corporation does not have the intent to sell and does not believe it will more likely than not be required to sell any of these securities prior to a recovery of their fair value to amortized cost, which may be maturity.

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NOTE E – Loans and Allowance for Credit Losses

Loans, Net of Unearned Income

Loans, net of unearned income are summarized as follows:

	March 31, 2012			December 31, 2011
	(in thousands)
Real-estate - commercial mortgage	$	4,634,428		$	4,602,596
Commercial - industrial, financial and agricultural	3,518,228			3,639,368
Real-estate - home equity	1,601,880			1,624,562
Real-estate - residential mortgage	1,176,947			1,097,192
Real-estate - construction	647,700			615,445
Consumer	308,495			318,101
Leasing and other	62,994			63,254
Overdrafts	13,782			15,446
Loans, gross of unearned income	11,964,454			11,975,964
Unearned income	(6,854		)	(6,994		)
Loans, net of unearned income	$	11,957,600		$	11,968,970

Allowance for Credit Losses

The allowance for credit losses consists of the allowance for loan losses and the reserve for unfunded lending commitments. The allowance for loan losses represents management’s estimate of losses inherent in the loan portfolio as of the balance sheet date and is recorded as a reduction to loans. The reserve for unfunded lending commitments represents management’s estimate of losses inherent in its unfunded loan commitments and is recorded in other liabilities on the consolidated balance sheet. The allowance for credit losses is increased by charges to expense, through the provision for credit losses, and decreased by charge-offs, net of recoveries.

The Corporation’s established methodology for evaluating the adequacy of the allowance for loan losses considers both components of the allowance: (1) specific allowances allocated to loans evaluated for impairment under the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC) Section 310-10-35, and (2) allowances calculated for pools of loans measured for impairment under FASB ASC Subtopic 450-20.

Effective April 1, 2011, the Corporation revised and enhanced its allowance for credit loss methodology. The significant revisions to the methodology included: (1) a reduction in the amount of loans evaluated for impairment under FASB ASC Section 310-10-35, resulting in only non-accrual loans and certain troubled debt restructurings (TDRs) being identified as impaired; (2) more frequent, quarterly evaluations of impaired loans, including obtaining more timely third-party appraisals for commercial loans collateralized by real estate; and (3) the use of a detailed regression analysis to compute allocation needs for pools of loans measured for impairment under FASB ASC Section 450-20. The Corporation’s conclusion as of March 31, 2011 that its total allowance for credit losses of $271.2 million was sufficient to cover losses inherent in the loan portfolio did not change as a result of implementing its new allowance for credit loss methodology.

The development of the Corporation’s allowance for credit losses is based first on a segmentation of its loan portfolio by general loan type, or "portfolio segments," as presented in the table under the heading, "Loans, Net of Unearned Income," above. Certain portfolio segments are further disaggregated and evaluated collectively for impairment based on “class segments,” which are largely based on the type of collateral underlying each loan. For commercial loans, class segments include loans secured by collateral and unsecured loans. Construction loan class segments include loans secured by commercial real estate and loans secured by residential real estate. Consumer loan class segments are based on collateral types and include direct consumer installment loans and indirect automobile loans.

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The following table presents the components of the allowance for credit losses:

	March 31, 2012		December 31, 2011
	(in thousands)
Allowance for loan losses	$	256,496	$	256,471
Reserve for unfunded lending commitments	1,641		1,706
Allowance for credit losses	$	258,137	$	258,177

The following table presents the activity in the allowance for credit losses for the three months ended March 31:

	2012			2011
	(in thousands)
Balance at beginning of period	$	258,177		$	275,498
Loans charged off	(30,259		)	(45,529		)
Recoveries of loans previously charged off	2,219			3,187
Net loans charged off	(28,040		)	(42,342		)
Provision for credit losses	28,000			38,000
Balance at end of period	$	258,137		$	271,156

The following tables present the activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2012 and 2011:

	Real Estate - Commercial Mortgage			Commercial - Industrial, Financial and Agricultural			Real Estate - Home Equity			Real Estate - Residential Mortgage			Real Estate - Construction			Consumer			Leasing and other and overdrafts			Unallocated			Total
	(in thousands)
Three months ended March 31, 2012
Balance at December 31, 2011	$	85,112		$	74,896		$	12,841		$	22,986		$	30,066		$	2,083		$	2,397		$	26,090		$	256,471
Loans charged off	(11,891		)	(5,669		)	(2,206		)	(847		)	(8,571		)	(634		)	(441		)	—			(30,259		)
Recoveries of loans previously charged off	816			636			20			73			64			350			260			—			2,219
Net loans charged off	(11,075		)	(5,033		)	(2,186		)	(774		)	(8,507		)	(284		)	(181		)	—			(28,040		)
Provision for loan losses (1)	7,615			9,893			2,428			2,639			9,627			(156		)	1,058			(5,039		)	28,065
Balance at March 31, 2012	$	81,652		$	79,756		$	13,083		$	24,851		$	31,186		$	1,643		$	3,274		$	21,051		$	256,496
Three months ended March 31, 2011
Balance at December 31, 2010	$	40,831		$	101,436		$	6,454		$	17,425		$	58,117		$	4,669		$	3,840		$	41,499		$	274,271
Loans charged off	(10,047		)	(13,336		)	(1,468		)	(4,996		)	(13,894		)	(1,291		)	(497		)	—			(45,529		)
Recoveries of loans previously charged off	1,535			391			1			44			563			309			344			—			3,187
Net loans charged off	(8,512		)	(12,945		)	(1,467		)	(4,952		)	(13,331		)	(982		)	(153		)	—			(42,342		)
Provision for loan losses (1)	16,239			11,689			669			7,102			10,705			1,049			(1,111		)	(7,999		)	38,343
Balance at March 31, 2011	$	48,558		$	100,180		$	5,656		$	19,575		$	55,491		$	4,736		$	2,576		$	33,500		$	270,272

(1) Provision for loan losses is gross of a $65,000 and $343,000 decrease, respectively, in provision applied to unfunded commitments for the three months ended March 31, 2012 and 2011. The total provision for credit losses, comprised of allocations for both funded and unfunded loans, was $28.0 million and $38.0 million for the three months ended March 31, 2012 and 2011, respectively.

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The following tables present loans, net of unearned income and their related allowance for loan losses, by portfolio segment, as of March 31, 2012 and 2011:

	Real Estate - Commercial Mortgage		Commercial - Industrial, Financial and Agricultural		Real Estate - Home Equity		Real Estate - Residential Mortgage		Real Estate - Construction		Consumer		Leasing and other and overdrafts		Unallocated (1)		Total
	(in thousands)
Allowance for loan losses at March 31, 2012
Measured for impairment under FASB ASC Subtopic 450-20	$	50,619	$	47,484	$	9,549	$	8,045	$	17,551	$	1,638	$	3,253	$	21,051	$	159,190
Evaluated for impairment under FASB ASC Section 310-10-35	31,033		32,272		3,534		16,806		13,635		5		21		N/A		97,306
	$	81,652	$	79,756	$	13,083	$	24,851	$	31,186	$	1,643	$	3,274	$	21,051	$	256,496
Loans, net of unearned income at March 31, 2012
Measured for impairment under FASB ASC Subtopic 450-20	$	4,523,691	$	3,441,018	$	1,595,522	$	1,136,199	$	581,381	$	308,487	$	69,890	N/A		$	11,656,188
Evaluated for impairment under FASB ASC Section 310-10-35	110,737		77,210		6,358		40,748		66,319		8		32		N/A		301,412
	$	4,634,428	$	3,518,228	$	1,601,880	$	1,176,947	$	647,700	$	308,495	$	69,922	N/A		$	11,957,600
Allowance for loan losses at March 31, 2011
Measured for impairment under FASB ASC Subtopic 450-20	$	26,327	$	36,709	$	5,656	$	15,288	$	39,448	$	4,736	$	2,576	$	33,500	$	164,240
Evaluated for impairment under FASB ASC Section 310-10-35	22,231		63,471		—		4,287		16,043		—		—		N/A		106,032
	$	48,558	$	100,180	$	5,656	$	19,575	$	55,491	$	4,736	$	2,576	$	33,500	$	270,272
Loans, net of unearned income at March 31, 2011
Measured for impairment under FASB ASC Subtopic 450-20	$	4,224,868	$	3,472,225	$	1,620,340	$	1,003,323	$	629,359	$	337,413	$	60,051	N/A		$	11,347,579
Evaluated for impairment under FASB ASC Section 310-10-35	167,811		220,443		—		18,928		118,447		—		—		N/A		525,629
	$	4,392,679	$	3,692,668	$	1,620,340	$	1,022,251	$	747,806	$	337,413	$	60,051	N/A		$	11,873,208

(1) The Corporation’s unallocated allowance, which was approximately 8% and 12% as of March 31, 2012 and 2011, respectively, was reasonable and appropriate as the estimates used in the allocation process are inherently imprecise.

N/A – Not applicable.

Impaired Loans

A loan is considered to be impaired if it is probable that all amounts will not be collected according to the contractual terms of the loan agreement.

An allowance for loan losses is established for an impaired loan if its carrying value exceeds its estimated fair value. Impaired loans with balances greater than $1.0 million are evaluated individually for impairment. Impaired loans with balances less than $1.0 million are pooled and measured for impairment collectively. As of March 31, 2012 and December 31, 2011, substantially all of the Corporation’s individually evaluated impaired loans were measured based on the estimated fair value of each loan’s collateral. Collateral could be in the form of real estate in the case of impaired commercial mortgages, construction loans and residential mortgages, or business assets, such as accounts receivable or inventory, in the case of commercial loans. Commercial loans may also be secured by real property.

As of March 31, 2012 and 2011, approximately82%and 57%, respectively, of impaired loans with principal balances greater than $1.0 million, whose primary collateral is real estate, were measured at estimated fair value using certified third-party appraisals that had been updated within the preceding 12 months.

Where updated certified appraisals are not obtained for loans evaluated for impairment under FASB ASC Section 310-10-35 that are secured by real estate, fair values are estimated based on one or more of the following:

• Original appraisal – if the original appraisal indicated a very strong loan to value position and, in the opinion of the Corporation’s internal loan evaluation staff, there has not been a significant deterioration in the collateral value, the original appraisal may be used to support the value of the collateral. Original appraisals are typically used only when the estimated collateral value, as adjusted, results in a current loan to value ratio that is lower than the Corporation’s policy for new loans, generally 80%.

• Broker price opinions – in lieu of obtaining an updated certified appraisal, a less formal indication of value, such as a broker price opinion, may be obtained. These opinions are generally used to validate internal estimates of collateral value

15

and are not relied upon as the sole determinant of fair value.

• Discounted cash flows – while substantially all of the Corporation’s impaired loans are measured based on the estimated fair value of collateral, discounted cash flows analyses may be used to validate estimates of collateral value derived from other approaches.

The following table presents total impaired loans by class segment:

													Three Months Ended				Three Months Ended
	March 31, 2012						December 31, 2011						March 31, 2012				March 31, 2011
	Unpaid Principal Balance		Recorded Investment		Related Allowance		Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized (1)		Average Recorded Investment		Interest Income Recognized
	(in thousands)
With no related allowance recorded:
Real estate - commercial mortgage	$	54,397	$	40,526	$	—	$	54,445	$	46,768	$	—	$	43,647	$	71	$	54,346	$	403
Commercial - secured	28,420		21,679		—		35,529		28,440		—		25,060		7		25,767		146
Commercial - unsecured	13		13		—		—		—		—		7		—		528		3
Real estate - home equity	500		500		—		—		—		—		350		—		—		—
Real estate - residential mortgage	491		491		—		199		199		—		246		2		13,665		43
Construction - commercial residential	66,370		30,492		—		62,822		31,233		—		30,863		25		32,406		178
Construction - commercial	3,597		3,143		—		3,604		3,298		—		3,221		2		2,909		20
	153,788		96,844				156,599		109,938				103,394		107		129,621		793
With a related allowance recorded:
Real estate - commercial mortgage	91,655		70,211		31,033		100,529		79,566		36,060		74,889		122		108,720		839
Commercial - secured	67,416		52,478		30,005		61,970		47,652		26,248		50,065		13		194,450		1,177
Commercial - unsecured	3,408		3,040		2,267		3,139		2,789		2,177		2,915		1		6,782		31
Real estate - home equity	5,858		5,858		3,534		5,294		5,294		3,076		5,576		—		15,664		90
Real estate - residential mortgage	40,257		40,257		16,806		39,918		39,918		16,295		40,088		390		91,482		435
Construction - commercial residential	42,751		28,492		11,886		41,176		25,632		11,287		27,062		22		2,901		17
Construction - commercial	5,201		3,020		1,065		3,221		1,049		506		2,035		2		—		—
Construction - other	1,172		1,172		684		1,127		1,127		663		1,150		1		—		—
Consumer - direct	8		8		5		368		368		228		188		—		—		—
Leasing and other and overdrafts	32		32		21		56		56		37		44		—		—		—
Total	257,758		204,568		97,306		256,798		203,451		96,577		204,012		551		419,999		2,589
	$	411,546	$	301,412	$	97,306	$	413,397	$	313,389	$	96,577	$	307,406	$	658	$	549,620	$	3,382

(1) Effective April 1, 2011 all impaired loans, excluding certain accruing TDRs, were non-accrual loans. Interest income recognized for the three months ended March 31, 2012 represents amounts earned on accruing TDRs.

As of March 31, 2012 and December 31, 2011, there were$96.8 million and $109.9 million, respectively, of impaired loans that did not have a related allowance for loan loss. The estimated fair values of the collateral for these loans exceeded their carrying amount and, accordingly, no specific valuation allowance was considered to be necessary.

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Credit Quality Indicators and Non-performing Assets

The following table presents internal credit risk ratings for commercial loans, commercial mortgages and certain construction loans, by class segment:

	Pass						Special Mention						Substandard or Lower						Total
	March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011
	(in thousands)
Real estate - commercial mortgage	$	4,127,388		$	4,099,103		$	169,227		$	160,935		$	337,813		$	342,558		$	4,634,428		$	4,602,596
Commercial - secured	2,877,106			2,977,957			160,129			166,588			258,410			249,014			3,295,645			3,393,559
Commercial -unsecured	208,144			230,962			3,371			6,066			11,068			8,781			222,583			245,809
Total commercial - industrial, financial and agricultural	3,085,250			3,208,919			163,500			172,654			269,478			257,795			3,518,228			3,639,368
Construction - commercial residential	167,038			175,706			48,350			50,854			141,222			126,378			356,610			352,938
Construction - commercial	211,577			186,049			4,684			7,022			18,308			16,309			234,569			209,380
Total construction (excluding Construction - other)	378,615			361,755			53,034			57,876			159,530			142,687			591,179			562,318
	$	7,591,253		$	7,669,777		$	385,761		$	391,465		$	766,821		$	743,040		$	8,743,835		$	8,804,282
% of Total	86.8		%	87.1		%	4.4		%	4.5		%	8.8		%	8.4		%	100.0		%	100.0		%

The following table presents a summary of delinquency and non-performing status for home equity, residential mortgages, construction - other and consumer loans by class segment:

	Performing						Delinquent (1)						Non-performing (2)						Total
	March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011
	(in thousands)
Real estate - home equity	$	1,579,174		$	1,601,722		$	11,792		$	11,633		$	10,914		$	11,207		$	1,601,880		$	1,624,562
Real estate - residential mortgage	1,121,395			1,043,733			32,536			37,123			23,016			16,336			1,176,947			1,097,192
Construction - other	54,424			49,593			843			2,341			1,254			1,193			56,521			53,127
Consumer - direct	31,529			34,263			505			657			407			518			32,441			35,438
Consumer - indirect	146,798			151,112			1,518			2,437			81			183			148,397			153,732
Consumer - other	122,518			122,894			2,793			3,354			2,346			2,683			127,657			128,931
Total consumer	300,845			308,269			4,816			6,448			2,834			3,384			308,495			318,101
Leasing and other and overdrafts	69,097			70,550			477			1,049			348			107			69,922			71,706
	$	3,124,935		$	3,073,867		$	50,464		$	58,594		$	38,366		$	32,227		$	3,213,765		$	3,164,688
% of Total	97.2		%	97.1		%	1.6		%	1.9		%	1.2		%	1.0		%	100.0		%	100.0		%

(1) Includes all accruing loans 31 days to 89 days past due.

(2) Includes all accruing loans 90 days or more past due and all non-accrual loans.

The following table presents non-performing assets:

	March 31, 2012		December 31, 2011
	(in thousands)
Non-accrual loans	$	248,719	$	257,761
Accruing loans greater than 90 days past due	35,270		28,767
Total non-performing loans	283,989		286,528
Other real estate owned (OREO)	33,516		30,803
Total non-performing assets	$	317,505	$	317,331

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The following table presents TDRs, by portfolio segment:

	March 31, 2012		December 31, 2011
	(in thousands)
Real-estate - residential mortgage	$	33,800	$	32,331
Real-estate - commercial mortgage	28,153		22,425
Real-estate - construction	10,303		7,645
Commercial - industrial, financial and agricultural	4,075		3,581
Consumer	464		193
Total accruing TDRs	76,795		66,175
Non-accrual TDRs (1)	32,411		32,587
Total TDRs	$	109,206	$	98,762

(1) Included within non-accrual loans in table detailing non-performing assets above.

As of March 31, 2012 and December 31, 2011, there were $150,000 and $1.7 million respectively, of commitments to lend additional funds to borrowers whose loans were modified under TDRs.

The following table presents loans modified as TDRs during the three months ended March 31, 2012 and classified as TDRs as of March 31, 2012, by class segment:

	Number of Loans	Recorded Investment
	(dollars in thousands)
Construction - commercial residential	3	$	6,365
Real estate - residential mortgage	13	4,679
Commercial - secured	5	3,040
Real estate - commercial mortgage	4	5,669
Real estate - home equity	2	171
	27	$	19,924

The following table presents loans modified as TDRs within the previous 12 months, and classified as TDRs as of March 31, 2012, which had a payment default during the three months ended March 31, 2012, by class segment:

	Number of Loans	Recorded Investment
	( dollars in thousands)
Construction - commercial residential	3	$	7,550
Real estate - commercial mortgage	9	4,088
Real estate - residential mortgage	8	1,714
Commercial - secured	2	115
Real estate - home equity	2	239
	24	$	13,706

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The following table presents past due status and non-accrual loans by portfolio segment and class segment:

	March 31, 2012
	31-59 Days Past Due		60-89 Days Past Due		≥ 90 Days Past Due and Accruing		Non- accrual		Total ≥ 90 Days		Total Past Due		Current		Total
	(in thousands)
Real estate - commercial mortgage	$	13,925	$	5,796	$	5,564	$	98,512	$	104,076	$	123,797	$	4,510,631	$	4,634,428
Commercial - secured	6,739		4,712		6,202		73,687		79,889		91,340		3,204,305		3,295,645
Commercial - unsecured	499		469		70		2,925		2,995		3,963		218,620		222,583
Total commercial - industrial, financial and agricultural	7,238		5,181		6,272		76,612		82,884		95,303		3,422,925		3,518,228
Real estate - home equity	8,826		2,966		5,167		5,747		10,914		22,706		1,579,174		1,601,880
Real estate - residential mortgage	22,838		9,698		15,274		7,742		23,016		55,552		1,121,395		1,176,947
Construction - commercial residential	2,329		478		—		52,372		52,372		55,179		301,431		356,610
Construction - commercial	—		—		128		6,163		6,291		6,291		228,278		234,569
Construction - other	171		672		82		1,172		1,254		2,097		54,424		56,521
Total real estate - construction	2,500		1,150		210		59,707		59,917		63,567		584,133		647,700
Consumer - direct	377		128		41		366		407		912		31,529		32,441
Consumer - indirect	1,211		307		81		—		81		1,599		146,798		148,397
Consumer - other	1,741		1,052		2,346		—		2,346		5,139		122,518		127,657
Total consumer	3,329		1,487		2,468		366		2,834		7,650		300,845		308,495
Leasing and other and overdrafts	388		89		315		33		348		825		69,097		69,922
	$	59,044	$	26,367	$	35,270	$	248,719	$	283,989	$	369,400	$	11,588,200	$	11,957,600
	December 31, 2011
	31-59 Days Past Due		60-89 Days Past Due		≥ 90 Days Past Due and Accruing		Non- accrual		Total ≥ 90 Days		Total Past Due		Current		Total
	(in thousands)
Real estate - commercial mortgage	$	11,167	$	14,437	$	4,394	$	109,412	$	113,806	$	139,410	$	4,463,186	$	4,602,596
Commercial - secured	9,284		4,498		4,831		73,048		77,879		91,661		3,301,899		3,393,560
Commercial - unsecured	671		515		409		2,656		3,065		4,251		241,557		245,808
Total commercial - industrial, financial and agricultural	9,955		5,013		5,240		75,704		80,944		95,912		3,543,456		3,639,368
Real estate - home equity	7,439		4,194		5,714		5,493		11,207		22,840		1,601,722		1,624,562
Real estate - residential mortgage	23,877		13,246		8,502		7,834		16,336		53,459		1,043,733		1,097,192
Construction - commercial residential	2,372		4,824		1,656		53,420		55,076		62,272		290,665		352,937
Construction - commercial	31		—		128		4,347		4,475		4,506		204,875		209,381
Construction - other	2,341		—		66		1,127		1,193		3,534		49,593		53,127
Total real estate - construction	4,744		4,824		1,850		58,894		60,744		70,312		545,133		615,445
Consumer - direct	455		202		150		368		518		1,175		34,263		35,438
Consumer - indirect	1,997		440		183		—		183		2,620		151,112		153,732
Consumer - other	2,251		1,103		2,683		—		2,683		6,037		122,894		128,931
Total consumer	4,703		1,745		3,016		368		3,384		9,832		308,269		318,101
Leasing and other and overdrafts	925		124		51		56		107		1,156		70,550		71,706
	$	62,810	$	43,583	$	28,767	$	257,761	$	286,528	$	392,921	$	11,576,049	$	11,968,970

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NOTE F – Mortgage Servicing Rights

The following table summarizes the changes in mortgage servicing rights (MSRs) for the three months ended March 31, which are included in other assets on the consolidated balance sheets:

	2012			2011
	(in thousands)
Amortized cost:
Balance at beginning of period	$	34,666		$	30,700
Originations of mortgage servicing rights	2,778			2,658
Amortization	(2,185		)	(1,298		)
Balance at end of period	$	35,259		$	32,060
Valuation allowance	$	(1,550	)	$	(1,550	)
Net MSRs at end of period	$	33,709		30,510

MSRs represent the economic value of contractual rights to service mortgage loans that have been sold. Accordingly, actual and expected prepayments of the underlying mortgage loans can impact the value of MSRs.

The Corporation estimates the fair value of its MSRs by discounting the estimated cash flows from servicing income, net of expense, over the expected life of the underlying loans at a discount rate commensurate with the risk associated with these assets. Expected life is based on the contractual terms of the loans, as adjusted for prepayment projections for mortgage-backed securities with rates and terms comparable to the loans underlying the MSRs. No adjustment to the valuation allowance was necessary as of March 31, 2012.

NOTE G – Stock-Based Compensation

The fair value of equity awards granted to employees is recognized as compensation expense over the period during which employees are required to provide service in exchange for such awards. The Corporation grants equity awards to employees, consisting of stock options and restricted stock, under its 2004 Stock Option and Compensation Plan (Employee Option Plan). In addition, employees may purchase stock under the Corporation’s Employee Stock Purchase Plan.

The Corporation also grants restricted stock to non-employee members of the board of directors under its 2011 Directors’ Equity Participation Plan (Directors’ Plan). Under the Directors’ Plan, the Corporation can grant equity awards to non-employee holding company and affiliate directors in the form of stock options, restricted stock or common stock.

The following table presents compensation expense and the related tax benefits for equity awards recognized in the consolidated statements of income for the three months ended March 31:

	2012			2011
	(in thousands)
Stock-based compensation expense	$	713		$	547
Tax benefit	(159		)	(136		)
Stock-based compensation expense, net of tax	$	554		$	411

Stock option fair values are estimated through the use of the Black-Scholes valuation methodology as of the date of grant. Stock options carry terms of up to ten years. Restricted stock fair values are equal to the average trading price of the Corporation’s stock on the date of grant. Restricted stock awards earn dividends during the vesting period, which are forfeitable if the awards do not vest. Stock options and restricted stock under the Employee Option Plan have historically been granted annually and become fully vested over or after a three year vesting period. Restricted stock awards under the Directors' Plan generally vest one year from the date of grant. Certain events, as defined in the Employee Option Plan and Directors' Plan, result in the acceleration of the vesting of both stock options and restricted stock. As of March 31, 2012, the Employee Option Plan had 12.6 million shares reserved for future grants through 2013. On April 1, 2012, the Corporation granted approximately 471,000 stock options and 312,000 shares of restricted stock under its Employee Option Plan.

As of March 31, 2012, the Directors’ Plan had 490,000 shares reserved for future grants through 2021. On May 1, 2012, the

20

Corporation granted approximately 21,000 shares of restricted stock under its Directors’ Plan.

NOTE H – Employee Benefit Plans

The Corporation maintains a defined benefit pension plan (Pension Plan) for certain employees, which was curtailed effective January 1, 2008. Contributions to the Pension Plan are actuarially determined and funded annually, if required. Pension Plan assets are invested in: money markets; fixed income securities, including corporate bonds, U.S. Treasury securities and common trust funds; and equity securities, including common stocks and common stock mutual funds.

The Corporation currently provides medical and life insurance benefits under a postretirement benefits plan (Postretirement Plan) to certain retired full-time employees who were employees of the Corporation prior to January 1, 1998. Certain full-time employees may become eligible for these discretionary benefits if they reach retirement age while working for the Corporation.

The Corporation recognizes the funded status of its Pension Plan and Postretirement Plan on the consolidated balance sheets and recognizes the change in that funded status through other comprehensive income.

The net periodic benefit cost for the Corporation’s Pension Plan, as determined by consulting actuaries, consisted of the following components for the three months ended March 31:

	2012			2011
	(in thousands)
Service cost (1)	$	39		$	15
Interest cost	806			853
Expected return on plan assets	(808		)	(837		)
Net amortization and deferral	420			72
Net periodic benefit cost	$	457		$	103

(1) The Pension Plan service cost recorded for the three months ended March 31, 2012 and 2011, respectively, was related to administrative costs associated with the plan and not due to the accrual of additional participant benefits.

The net periodic benefit cost for the Corporation’s Postretirement Plan, as determined by consulting actuaries, consisted of the following components for the three months ended March 31:

	2012			2011
	(in thousands)
Service cost	$	53		$	51
Interest cost	87			107
Expected return on plan assets	(1		)	(1		)
Net accretion and deferral	(91		)	(91		)
Net periodic benefit cost	$	48		$	66

NOTE I – Derivative Financial Instruments

In connection with its mortgage banking activities, the Corporation enters into commitments to originate certain fixed-rate residential mortgage loans for customers, also referred to as interest rate locks. In addition, the Corporation enters into forward commitments for the future sales or purchases of mortgage-backed securities to or from third-party counterparties to hedge the effect of changes in interest rates on the values of both the interest rate locks and mortgage loans held for sale. Forward sales commitments may also be in the form of commitments to sell individual mortgage loans at a fixed price at a future date. Both the interest rate locks and the forward commitments are accounted for as derivative financial instruments and are carried at fair value, determined as the amount that would be necessary to settle each derivative financial instrument at the balance sheet date. The amount necessary to settle each interest rate lock is based on the price that secondary market investors would pay for loans with similar characteristics, including interest rate and term, as of the date fair value is measured. Gross derivative assets and liabilities are recorded within other assets and other liabilities, respectively, on the consolidated balance sheets, with changes in fair value during the period recorded within mortgage banking income on the consolidated statements of income. The other components of mortgage banking income are gains and losses on sales of mortgage loans, fair value adjustments on mortgage loans held for sale and servicing income, net of MSR amortization.

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The following table presents a summary of the notional amounts and fair values of derivative financial instruments:

	March 31, 2012					December 31, 2011
	Notional Amount		Asset (Liability) Fair Value			Notional Amount		Asset (Liability) Fair Value
	(in thousands)
Interest Rate Locks with Customers:
Positive fair values	$	348,992	$	4,717		$	181,583	$	3,888
Negative fair values	3,968		(30		)	1,593		(10		)
Net interest rate locks with customers			4,687					3,878
Forward Commitments:
Positive fair values	307,865		733			3,178		13
Negative fair values	46,956		(98		)	173,208		(2,724		)
Net forward commitments			635					(2,711		)
Net derivative fair value asset			$	5,322				$	1,167

The following table presents a summary of the fair value gains and losses on derivative financial instruments for the three months ended March 31:

	2012		2011
	(in thousands)
Interest rate locks with customers	$	809	$	1,920
Forward commitments	3,346		(9,285		)
Fair value gains (losses) on derivative financial instruments	$	4,155	$	(7,365	)

NOTE J – Commitments and Contingencies

Commitments

The Corporation is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers.

Those financial instruments include commitments to extend credit and letters of credit, which involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized on the Corporation’s consolidated balance sheets. Exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and letters of credit is represented by the outstanding amount of those instruments.

The outstanding amounts of commitments to extend credit and letters of credit were as follows:

	March 31, 2012		December 31, 2011
	(in thousands)
Commitments to extend credit	$	3,900,856	$	3,803,532
Standby letters of credit	432,225		444,019
Commercial letters of credit	28,795		31,557

The Corporation records a reserve for unfunded lending commitments, which represents management’s estimate of losses associated with unused commitments to extend credit. See Note E, "Loans and Allowance for Credit Losses" for additional details.

Residential Lending

Residential mortgages are originated and sold by the Corporation through Fulton Mortgage Company, which operates as a division of each of the Corporation's subsidiary banks. Residential mortgage loans sold are primarily conforming, prime loans sold to government sponsored agencies such as the Federal National Mortgage Association (Fannie Mae). From 2004 to 2007, the Corporation's former Resource Bank subsidiary operated a national wholesale mortgage lending operation which sold non-prime loans to private investors.

The Corporation provides customary representations and warranties to investors that specify, among other things, that the loans have been underwritten to the standards established by the investor. The Corporation may be required to repurchase a loan or

22

reimburse the investor for a credit loss incurred on a loan if it is determined that the representations and warranties have not been met. This generally results from an underwriting or documentation deficiency. As of March 31, 2012 and 2011, total outstanding repurchase requests totaled approximately $3.2 million and $2.4 million, respectively.

From 2000 to 2011, the Corporation sold loans to the FHLB under its Mortgage Partnership Finance Program (MPF Program). No loans have been sold under this program in 2012. The Corporation provided a "credit enhancement" for residential mortgage loans sold under the MPF Program whereby it would assume credit losses in excess of a defined "First Loss Account" (FLA) balance, up to specified amounts. The FLA is funded by the FHLB based on a percentage of the outstanding principal balance of loans sold. As of March 31, 2012, the unpaid principal balance of loans sold under the MPF Program was approximately $279 million. During the first quarter of 2012, credit losses under the MPF Program were projected to exceed the FLA, and, as a result, the Corporation recorded a $2.6 million reserve for expected credit losses related to loans sold under the MPF Program. This reserve was calculated based on delinquency status and estimated loss rates established through the Corporation's existing allowance for loan loss methodology.

As of March 31, 2012 and December 31, 2011, the reserve for losses on residential mortgage loans sold was $4.0 million and $1.5 million, respectively, including both reserves for credit losses under the MPF Program and reserves for representation and warranty exposures. Management believes that the reserves recorded as of March 31, 2012 are adequate. However, declines in collateral values, the identification of additional loans to be repurchased, or a deterioration of the FHLB portfolio's credit quality could necessitate additional reserves in the future.

Other Contingencies

The Corporation and its subsidiaries are involved in various legal proceedings in the ordinary course of the business of the Corporation. The Corporation evaluates the possible impact of pending litigation matters based on, among other factors, the advice of counsel, available insurance coverage and recorded liabilities and reserves for probable legal liabilities and costs. As of the date of this report, the Corporation believes that any liabilities, individually or in the aggregate, which may result from the final outcomes of pending proceedings are not expected to have a material adverse effect on the financial position, the operating results and/or the liquidity of the Corporation. However, litigation is often unpredictable and the actual results of litigation cannot be determined with certainty.

NOTE K – Fair Value Option

FASB ASC Subtopic 825-10 permits entities to measure many financial instruments and certain other items at fair value and requires certain disclosures for amounts for which the fair value option is applied. The Corporation has elected to measure mortgage loans held for sale at fair value to more accurately reflect the financial results of its mortgage banking activities in its consolidated financial statements. Derivative financial instruments related to these activities are also recorded at fair value, as noted within Note I, "Derivative Financial Instruments." The Corporation determines fair value for its mortgage loans held for sale based on the price that secondary market investors would pay for loans with similar characteristics, including interest rate and term, as of the date fair value is measured. Changes in fair value during the period are recorded as components of mortgage banking income on the consolidated statements of income. Interest income earned on mortgage loans held for sale is recorded within interest income on the consolidated statements of income.

The following table presents a summary of the Corporation’s mortgage loans held for sale:

	March 31, 2012		December 31, 2011
	(in thousands)
Cost	$	68,569	$	45,324
Fair value	70,128		47,009

During the three months ended March 31, 2012, the Corporation recorded losses related to changes in fair values of mortgage loans held for sale of $126,000, compared to gains of $1.2 million for the three months ended March 31, 2011.

NOTE L – Fair Value Measurements

FASB ASC Topic 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into the following three categories (from highest to lowest priority):

• Level 1 – Inputs that represent quoted prices for identical instruments in active markets.

• Level 2 – Inputs that represent quoted prices for similar instruments in active markets, or quoted prices for identical instruments in non-active markets. Also includes valuation techniques whose inputs are derived principally from observable market data other than quoted prices, such as interest rates or other market-corroborated means.

• Level 3 – Inputs that are largely unobservable, as little or no market data exists for the instrument being valued.

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The Corporation has categorized all assets and liabilities measured at fair value on both a recurring and nonrecurring basis into the above three levels.

In May 2011, the FASB issued ASC Update 2011-04, "Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs." ASC Update 2011-04 amends fair value measurement and disclosure requirements in U.S. GAAP for the purpose of improving the comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with U.S. GAAP and International Financial Reporting Standards (IFRS). Among the amendments in ASC Update 2011-04 are expanded disclosure requirements that require companies to quantitatively disclose inputs used in recurring Level 3 fair value measurements and to disclose the sensitivity of fair value measurement to changes in unobservable inputs. Effective March 31, 2012, the Corporation adopted the provisions of ASC Update 2011-04 and, as such, has included the required disclosures related to Level 3 fair value measurements below.

Following is a summary of the Corporation’s assets and liabilities measured at fair value on a recurring basis and reported on the consolidated balance sheets:

	March 31, 2012
	Level 1		Level 2		Level 3		Total
	(in thousands)
Mortgage loans held for sale	$	—	$	70,128	$	—	$	70,128
Available for sale investment securities:
Equity securities	33,430		—		—		33,430
U.S. Government securities	—		330		—		330
U.S. Government sponsored agency securities	—		4,050		—		4,050
State and municipal securities	—		310,632		—		310,632
Corporate debt securities	—		118,158		9,422		127,580
Collateralized mortgage obligations	—		1,096,585		—		1,096,585
Mortgage-backed securities	—		1,206,626		—		1,206,626
Auction rate securities	—		—		223,877		223,877
Total available for sale investments	33,430		2,736,381		233,299		3,003,110
Other financial assets	14,382		5,450		—		19,832
Total assets	$	47,812	$	2,811,959	$	233,299	$	3,093,070
Other financial liabilities	$	14,382	$	128	$	—	$	14,510

	December 31, 2011
	Level 1		Level 2		Level 3		Total
	(in thousands)
Mortgage loans held for sale	$	—	$	47,009	$	—	$	47,009
Available for sale investment securities:
Equity securities	34,586		—		—		34,586
U.S. Government securities	—		334		—		334
U.S. Government sponsored agency securities	—		4,073		—		4,073
State and municipal securities	—		322,018		—		322,018
Corporate debt securities	—		114,017		9,289		123,306
Collateralized mortgage obligations	—		1,001,209		—		1,001,209
Mortgage-backed securities	—		880,097		—		880,097
Auction rate securities	—		—		225,211		225,211
Total available for sale investments	34,586		2,321,748		234,500		2,590,834
Other financial assets	13,130		3,901		—		17,031
Total assets	$	47,716	$	2,372,658	$	234,500	$	2,654,874
Other financial liabilities	$	13,130	$	2,734	$	—	$	15,864

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The valuation techniques used to measure fair value for the items in the preceding tables are as follows:

• Mortgage loans held for sale – This category consists of mortgage loans held for sale that the Corporation has elected to measure at fair value. Fair values as of March 31, 2012 and December 31, 2011 were measured as the price that secondary market investors were offering for loans with similar characteristics.

• Available for sale investment securities – Included within this asset category are both equity and debt securities. Level 2 available for sale debt securities are valued by a third-party pricing service commonly used in the banking industry. The pricing service uses evaluated pricing models that vary based on asset class and incorporate available market information including quoted prices of investment securities with similar characteristics. Because many fixed income securities do not trade on a daily basis, evaluated pricing models use available information, as applicable, through processes such as benchmark yield curves, benchmarking of like securities, sector groupings, and matrix pricing.

Standard market inputs include: benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data including market research publications. For certain security types, additional inputs may be used, or some of the standard market inputs may not be applicable.

Management tests the values provided by the pricing service by obtaining securities prices from an alternative third-party source and comparing the results. This test is done for approximately 80%of the securities valued by the pricing service. Generally, differences by security in excess of 5% are researched to reconcile the difference.

▪ Equity securities – Equity securities consist of stocks of financial institutions ($26.8 million at March 31, 2012 and $27.9 million at December 31, 2011) and other equity investments ($6.6 million at March 31, 2012 and $6.7 million at December 31, 2011). These Level 1 investments are measured at fair value based on quoted prices for identical securities in active markets. Restricted equity securities issued by the FHLB and Federal Reserve Bank ($79.7 million at March 31, 2012 and $82.5 million at December 31, 2011) have been excluded from the preceding tables.

▪ U.S. Government securities/U.S. Government sponsored agency securities/State and municipal securities/Collateralized mortgage obligations/Mortgage-backed securities – These debt securities are classified as Level 2 investments. Fair values are determined by a third-party pricing service, as detailed above.

▪ Corporate debt securities – This category consists of subordinated debt issued by financial institutions ($42.4 million at March 31, 2012 and $41.3 million at December 31, 2011), single-issuer trust preferred securities issued by financial institutions ($77.6 million at March 31, 2012 and $74.4 million at December 31, 2011),pooled trust preferred securities issued by financial institutions ($5.1 million at March 31, 2012 and December 31, 2011) and other corporate debt issued by non-financial institutions ($2.5 million at March 31, 2012 and December 31, 2011).

Classified as Level 2 investments are the Corporation’s subordinated debt, other corporate debt issued by non-financial institutions and $73.2 million and $70.2 million of single-issuer trust preferred securities held at March 31, 2012 and December 31, 2011, respectively. These corporate debt securities are measured at fair value by a third-party pricing service, as detailed above.

Classified as Level 3 assets are the Corporation’s investments in pooled trust preferred securities and certain single-issuer trust preferred securities ($4.4 million at March 31, 2012 and $4.2 million at December 31, 2011). The fair values of these securities were determined based on quotes provided by third-party brokers who determined fair values based predominantly on internal valuation models which were not indicative prices or binding offers. The Corporation’s third-party pricing service cannot derive fair values for these securities primarily due to inactive markets for similar investments. Level 3 values are tested by management primarily through trend analysis, by comparing current values to those reported at the end of the preceding calendar quarter, and determining if they are reasonable based on price and spread movements for this asset class.

• Auction rate securities – Due to their illiquidity, ARCs are classified as Level 3 investments and are valued through the use of an expected cash flows model prepared by a third-party valuation expert. The assumptions used in preparing the expected cash flows model include estimates for coupon rates, time to maturity and market rates of return. The most significant unobservable input to the expected cash flows model is an assumed return to market liquidity sometime within the next three years. If the assumed return to market liquidity was lengthened beyond the next three years, this would result in a decrease in the fair value of these ARCs. Management tests Level 3 valuations for ARCs by performing a trend analysis of the market price and discount rate. Changes in the price and discount rates are compared to changes in market data, including bond ratings, parity ratios, balances

25

and delinquency levels. Any inconsistencies are reconciled through discussions with the third-party valuation expert.

• Other financial assets – Included within this asset category are: Level 1 assets, consisting of mutual funds that are held in trust for employee deferred compensation plans and measured at fair value based on quoted prices for identical securities in active markets; and Level 2 assets, representing the fair value of mortgage banking derivatives in the form of interest rate locks and forward commitments with secondary market investors. The fair value of the Corporation’s interest rate locks and forward commitments are determined as the amounts that would be required to settle the derivative financial instruments at the balance sheet date. See Note I, "Derivative Financial Instruments," for additional information.

• Other financial liabilities – Included within this category are: Level 1 employee deferred compensation liabilities which represent amounts due to employees under the deferred compensation plans described under the heading “Other financial assets” above and Level 2 mortgage banking derivatives, described under the heading "Other financial assets" above.

The following tables present the changes in the Corporation’s assets and liabilities measured at fair value on a recurring basis using unobservable inputs (Level 3) for the three months ended March 31, 2012 and 2011:

	2012
	Available for Sale Investment Securities
	Pooled Trust Preferred Securities			Single-issuer Trust Preferred Securities			ARC Investments
	(in thousands)
Balance at December 31, 2011	$	5,109		$	4,180		$	225,211
Unrealized adjustment to fair value (1)	177			178			(2,164		)
Settlements - calls	(223		)	—			(317		)
(Premium amortization) discount accretion (2)	(1		)	2			1,147
Balance at March 31, 2012	$	5,062		$	4,360		$	223,877
	2011
Balance at December 31, 2010	$	4,528		$	8,583		$	260,679
Transfer from Level 3 to Level 2 (3)	—			(800		)
Realized adjustment to fair value (4)	(994		)	—			—
Unrealized adjustment to fair value (1)	1,430			312			77
Settlement - calls	(147		)	—			(5,523		)
(Premium amortization) discount accretion (2)	(1		)	(1		)	1,180
Balance at March 31, 2011	$	4,816		$	8,094		$	256,413

(1) Pooled trust preferred securities, single-issuer trust preferred securities and ARCs are classified as available for sale investment securities; as such, the unrealized adjustment to fair value was recorded as an unrealized holding gain (loss) and included as a component of available for sale investment securities on the consolidated balance sheet.

(2) Included as a component of net interest income on the consolidated statements of income.

(3) During the three months ended March 31, 2011, one single-issuer trust preferred security with a fair value of $800,000 was reclassified as a Level 2 asset.

(4) Realized adjustments to fair value represent credit related other-than-temporary impairment charges that were recorded as a reduction to investment securities gains on the consolidated statements of income.

26

Certain financial assets are not measured at fair value on an ongoing basis but are subject to fair value measurement in certain circumstances, such as upon their acquisition or when there is evidence of impairment. The following tables present the Corporation’s financial assets measured at fair value on a nonrecurring basis and reported on the Corporation’s consolidated balance sheets:

	March 31, 2012
	Level 1		Level 2		Level 3		Total
	(in thousands)
Net loans	$	—	$	—	$	204,106	$	204,106
Other financial assets	—		—		67,225		67,225
Total assets	$	—	$	—	$	271,331	$	271,331

	December 31, 2011
	Level 1		Level 2		Level 3		Total
	(in thousands)
Net loans	$	—	$	—	$	216,812	$	216,812
Other financial assets	—		—		63,919		63,919
Total assets	$	—	$	—	$	280,731	$	280,731

The valuation techniques used to measure fair value for the items in the tables above are as follows:

• Net loans – This category consists of loans that were evaluated for impairment under FASB ASC Section 310-10-35 and have been classified as Level 3 assets. The amount shown is the balance of impaired loans, net of the related allowance for loan losses. See Note E, "Loans and Allowance for Credit Losses," for additional details.

• Other financial assets – This category includes OREO ($33.5 million at March 31, 2012 and $30.8 million at December 31, 2011) and MSRs, net of the MSR valuation reserve ($33.7 million at March 31, 2012 and $33.1 million at December 31, 2011), both classified as Level 3 assets.

Fair values for OREO were based on estimated selling prices less estimated selling costs for similar assets in active markets.

MSRs are initially recorded at fair value upon the sale of residential mortgage loans, which the Corporation continues to service, to secondary market investors. MSRs are amortized as a reduction to servicing income over the estimated lives of the underlying loans. MSRs are stratified and evaluated for impairment by comparing each stratum's carrying amount to its estimated fair value. Fair values are determined at the end of each quarter through a discounted cash flows valuation. Significant inputs to the valuations include expected net servicing income, the discount rate and the expected life of the underlying loans. Expected life is based on the contractual terms of the loans, as adjusted for prepayment projections for mortgage-backed securities with rates and terms comparable to the loans underlying the MSRs. The annual constant prepayment rates used in the March 31, 2012 discounted cash flows valuation ranged from 11.0% to 18.5%, and were based on the weighted average remaining term of loans in each stratum.

As required by FASB ASC Section 825-10-50, the following table details the book values and estimated fair values of the Corporation’s financial instruments as of March 31, 2012 and December 31, 2011. In addition, a general description of the methods and assumptions used to estimate such fair values is also provided.

Fair values of financial instruments are significantly affected by assumptions used, principally the timing of future cash flows and discount rates. Because assumptions are inherently subjective in nature, the estimated fair values cannot be substantiated by comparison to independent market quotes and, in many cases, the estimated fair values could not necessarily be realized in an immediate sale or settlement of the instrument. The aggregate fair value amounts presented do not necessarily represent management’s estimate of the underlying value of the Corporation.

27

	March 31, 2012				December 31, 2011
	Book Value		Estimated Fair Value		Book Value		Estimated Fair Value
	(in thousands)
FINANCIAL ASSETS
Cash and due from banks	$	286,875	$	286,875	$	292,598	$	292,598
Interest-bearing deposits with other banks	106,227		106,227		175,336		175,336
Loans held for sale (1)	70,128		70,128		47,009		47,009
Securities held to maturity	6,608		6,626		6,669		6,699
Securities available for sale (1)	3,082,799		3,082,799		2,673,298		2,673,298
Loans, net of unearned income (1)	11,957,600		11,793,170		11,968,970		11,992,586
Accrued interest receivable	51,247		51,247		51,098		51,098
Other financial assets (1)	138,327		138,327		315,952		315,952
FINANCIAL LIABILITIES
Demand and savings deposits	$	8,464,151	$	8,464,151	$	8,511,789	$	8,511,789
Time deposits	3,876,571		3,917,020		4,013,950		4,056,247
Short-term borrowings	964,550		964,550		597,033		597,033
Accrued interest payable	27,674		27,674		25,686		25,686
Other financial liabilities (1)	122,118		122,118		69,816		69,816
Federal Home Loan Bank advances and long-term debt	933,981		876,401		1,040,149		982,010

(1) Description of fair value determinations for these financial instruments, or certain financial instruments within these categories, measured at fair value on the Corporation’s consolidated balance sheets, are disclosed above.

For short-term financial instruments, defined as those with remaining maturities of 90 days or less and excluding those recorded at fair value on the Corporation’s consolidated balance sheets, book value was considered to be a reasonable estimate of fair value.

The following instruments are predominantly short-term:

Assets	Liabilities
Cash and due from banks	Demand and savings deposits
Interest bearing deposits	Short-term borrowings
Federal funds sold	Accrued interest payable
Accrued interest receivable	Other financial liabilities

For those financial instruments within the above-listed categories with remaining maturities greater than 90 days, fair values were determined by discounting contractual cash flows using rates which could be earned for assets with similar remaining maturities and, in the case of liabilities, rates at which the liabilities with similar remaining maturities could be issued as of the balance sheet date.

The estimated fair values of securities held to maturity as of March 31, 2012 and December 31, 2011 were based on quoted market prices. The estimated fair value of securities would be categorized within Level 2 assets under FASB ASC Topic 820.

Estimated fair values for loans and time deposits were estimated by discounting future cash flows using the current rates at which similar loans would be made to borrowers for the same remaining maturities. Fair values estimated in this manner do not fully incorporate an exit price approach to fair value, as defined in FASB ASC Topic 820.

The fair value of FHLB advances and long-term debt was estimated by discounting the remaining contractual cash flows using a rate at which the Corporation could issue debt with a similar remaining maturity as of the balance sheet date. The estimated fair value of these borrowings would be categorized within Level 2 assets under FASB ASC Topic 820.

The fair values of commitments to extend credit and standby letters of credit are estimated to equal their carrying amounts.

NOTE M – Reclassifications

Certain amounts in the 2011 consolidated financial statements and notes have been reclassified to conform to the 2012 presentation.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Management’s Discussion and Analysis of Financial Condition and Results of Operations (Management’s Discussion) relates to Fulton Financial Corporation (the Corporation), a financial holding company registered under the Bank Holding Company Act and incorporated under the laws of the Commonwealth of Pennsylvania in 1982, and its wholly owned subsidiaries. Management’s Discussion should be read in conjunction with the consolidated financial statements and notes presented in this report.

FORWARD-LOOKING STATEMENTS

The Corporation has made, and may continue to make, certain forward-looking statements with respect to its financial condition and results of operations. Many factors could affect future financial results including, without limitation: the impact of adverse changes in the economy and real estate markets; increases in non-performing assets which may reduce the level of earning assets and require the Corporation to increase the allowance for credit losses, charge-off loans and incur elevated collection and carrying costs related to such non-performing assets; acquisition and growth strategies; market risk; changes or adverse developments in political or regulatory conditions; a disruption in, or abnormal functioning of, credit and other markets, including the lack of or reduced access to markets for mortgages and other asset-backed securities and for commercial paper and other short-term borrowings; changes in the levels of, or methodology for determining, FDIC deposit insurance premiums and assessments; the effect of competition and interest rates on net interest margin and net interest income; investment strategy and other income growth; investment securities gains and losses; declines in the value of securities which may result in charges to earnings; changes in rates of deposit and loan growth or a decline in loans originated; relative balances of risk-sensitive assets to risk-sensitive liabilities; salaries and employee benefits and other expenses; amortization of intangible assets; goodwill impairment; capital and liquidity strategies; and other financial and business matters for future periods. Do not unduly rely on forward-looking statements. Forward-looking statements can be identified by the use of words such as "may," "should," "will," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future," "intends" and similar expressions which are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks and uncertainties, some of which are beyond the Corporation’s control and ability to predict, that could cause actual results to differ materially from those expressed in the forward-looking statements. The Corporation undertakes no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

RESULTS OF OPERATIONS

Summary Financial Results

The Corporation generates the majority of its revenue through net interest income, or the difference between interest earned on loans and investments and interest paid on deposits and borrowings. Growth in net interest income is dependent upon balance sheet growth and/or maintaining or increasing the net interest margin, which is net interest income (fully taxable-equivalent, or FTE) as a percentage of average interest-earning assets. The Corporation also generates revenue through fees earned on the various services and products offered to its customers and through sales of assets, such as loans, investments or properties. Offsetting these revenue sources are provisions for credit losses, operating expenses and income taxes.

29

The following table presents a summary of the Corporation’s earnings and selected performance ratios:

	As of or for the Three months ended March 31
	2012			2011
Income before income taxes (in thousands)	$	51,664		$	46,160
Net income (in thousands)	$	38,132		$	33,785
Diluted net income per share (1)	$	0.19		$	0.17
Return on average assets	0.94		%	0.85		%
Return on average common equity (2)	7.61		%	7.21		%
Return on average tangible common equity (3)	10.56		%	10.36		%
Net interest margin (4)	3.85		%	3.91		%
Non-performing assets to total assets	1.92		%	2.22		%
Net charge-offs to average loans	0.94		%	1.42		%

(1) Net income divided by diluted weighted average common shares outstanding.

(2) Net income divided by average common shareholders’ equity.

(3) Net income, as adjusted for intangible asset amortization (net of tax), divided by average common shareholders’ equity, net of goodwill and intangible assets.

(4) Presented on an FTE basis, using a 35% Federal tax rate and statutory interest expense disallowances. See also the “Net Interest Income” section of Management’s Discussion.

The Corporation’s income before income taxes for the first quarter of 2012 increased $5.5 million, or 11.9%, from the same period in 2011. The increase in income before taxes was mainly due to a $10.0 million decrease in the provision for credit losses and a $4.6 million increase in mortgage banking income, partially offset by a $6.1 million increase in salaries and employee benefits and a $3.5 million increase in estimated losses on previously sold residential mortgages.

Asset quality and net interest income continue to be key drivers of financial performance for the Corporation, and the industry in general. During the first quarter of 2012, mortgage banking activities were also significant. The following is a brief overview of each of these areas.

Asset Quality - During the first quarter of 2012, economic conditions improved throughout most of the Corporation's markets. As noted above, the Corporation's provision for credit losses decreased $10.0 million, or 26.3%, to $28.0 million for the first quarter of 2012 as compared to $38.0 million for the first quarter of 2011, due to an improvement in credit quality. Non-performing loans, overall delinquency rates and net loans charged off all improved in the first quarter 2012 in comparison to the same period in 2011.

Mortgage Banking Operations - During the first quarter of 2012, mortgage banking income increased $4.6 million, or 84.0%, with gains on sales of mortgage loans increasing $5.2 million, or 113.0%. The increase in gains on sales of mortgage loans was due to a $287.4 million, or 87.5%, increase in new commitments and a slight increase in pricing spreads. The increase in new commitments was largely due to an increase in refinances in the persistent low interest rate environment.

Estimated losses on residential mortgage loans previously originated and sold by the Corporation increased $3.5 million in comparison to the first quarter of 2011. During the first quarter of 2012, the Corporation recorded a $2.6 million charge due to an exposure in one specific investor program with the Federal Home Loan Bank (FHLB). Under this program, the Corporation provided a “credit enhancement” for residential mortgage loans sold, whereby it was responsible for credit losses above defined levels, up to specified amounts. As of March 31, 2012, the unpaid principal balance of loans sold under the program was approximately $279 million. During the first quarter of 2012, credit losses under the program were projected to exceed defined levels and, as a result, the Corporation recorded a reserve for estimated credit losses as of March 31, 2012. See Note J, “Commitments and Contingencies,” in the Notes to Consolidated Financial Statements for additional details.

Net Interest Income and Net Interest Margin - Net interest income decreased $868,000, or 0.6%, in the first quarter of 2012 in comparison to the first quarter of 2011. This decrease was driven by a 6 basis point, or 1.5%, decrease in the net interest margin, from 3.91% in the first quarter of 2011 to 3.85% in the first quarter of 2012. In addition, an increase in net premium amortization on mortgage-backed securities due to higher prepayments contributed 2 basis points to the decrease in net interest margin.

The continuing low interest rate environment has resulted in a decline in yields on earning assets, partially offset by the positive impact of lower funding costs as deposits and borrowings mature and are replaced with lower cost funds.

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Quarter Ended March 31, 2012 compared to the Quarter Ended March 31, 2011

Net Interest Income

FTE net interest income decreased $600,000, or 0.4%, from $143.5 million in the first quarter of 2011 to $142.9 million in the first quarter of 2012. This decrease was primarily due to a decrease in net interest margin, offset by the effect of an additional day in the first quarter of 2012 as compared to the same period in 2011.

Net interest margin decreased 6 basis points, or 1.5%, from 3.91% for the first quarter of 2011 to 3.85% for the first quarter of 2012. The decrease in net interest margin was due to the net effect of a 29 basis point, or 5.9%, decrease in yields on interest-earning assets and a 25 basis point, or 20.2%, decrease in funding costs.

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The following table provides a comparative average balance sheet and net interest income analysis for the first quarter of 2012 as compared to the same period in 2011. Interest income and yields are presented on an FTE basis, using a 35% Federal tax rate and statutory interest expense disallowances. The discussion following this table is based on these FTE amounts. All dollar amounts are in thousands.

	Three months ended March 31
	2012								2011
ASSETS	Average Balance			Interest (1)			Yield/ Rate		Average Balance			Interest (1)			Yield/ Rate
Interest-earning assets:
Loans, net of unearned income (2)	$	11,978,972		$	147,046		4.94	%	$	11,921,442		$	151,686		5.15	%
Taxable investment securities (3)	2,402,158			18,661			3.11		2,331,323			21,807			3.75
Tax-exempt investment securities (3)	294,724			4,157			5.64		344,457			4,885			5.67
Equity securities (3)	115,593			780			2.71		132,841			752			2.28
Total investment securities	2,812,475			23,598			3.36		2,808,621			27,444			3.91
Loans held for sale	40,478			431			4.26		45,418			500			4.41
Other interest-earning assets	101,570			53			0.21		66,381			33			0.20
Total interest-earning assets	14,933,495			171,128			4.61	%	14,841,862			179,663			4.90	%
Noninterest-earning assets:
Cash and due from banks	263,128								260,395
Premises and equipment	212,567								207,389
Other assets	1,102,868								1,102,543
Less: Allowance for loan losses	(266,092		)						(282,017		)
Total Assets	$	16,245,966							$	16,130,172
LIABILITIES AND EQUITY
Interest-bearing liabilities:
Demand deposits	$	2,464,452		$	1,036		0.17	%	$	2,322,098		$	1,436		0.25	%
Savings deposits	3,341,035			1,810			0.22		3,282,790			3,358			0.41
Time deposits	3,951,908			13,404			1.36		4,532,528			18,492			1.65
Total interest-bearing deposits	9,757,395			16,250			0.67		10,137,416			23,286			0.93
Short-term borrowings	728,102			281			0.15		622,662			254			0.16
FHLB advances and long-term debt	983,304			11,665			4.76		1,061,523			12,591			4.78
Total interest-bearing liabilities	11,468,801			28,196			0.99	%	11,821,601			36,131			1.24	%
Noninterest-bearing liabilities:
Demand deposits	2,565,089								2,238,200
Other	195,465								170,930
Total Liabilities	14,229,355								14,230,731
Shareholders’ equity	2,016,611								1,899,441
Total Liabilities and Shareholders’ Equity	$	16,245,966							$	16,130,172
Net interest income/net interest margin (FTE)				142,932			3.85	%				143,532			3.91	%
Tax equivalent adjustment				(4,237		)						(3,969		)
Net interest income				$	138,695							$	139,563

(1) Includes dividends earned on equity securities.

(2) Includes non-performing loans.

(3) Balances include amortized historical cost for available for sale securities; the related unrealized holding gains (losses) are included in other assets.

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The following table summarizes the changes in FTE interest income and interest expense due to changes in average balances (volume) and changes in rates:

	2012 vs. 2011 Increase (decrease) due to change in
	Volume			Rate			Net
	(in thousands)
Interest income on:
Loans, net of unearned income	$	620		$	(5,260	)	$	(4,640	)
Taxable investment securities	636			(3,782		)	(3,146		)
Tax-exempt investment securities	(729		)	1			(728		)
Equity securities	(106		)	134			28
Loans held for sale	(56		)	(13		)	(69		)
Other interest-earning assets	19			1			20
Total interest income	$	384		$	(8,919	)	$	(8,535	)
Interest expense on:
Demand deposits	$	86		$	(486	)	$	(400	)
Savings deposits	60			(1,608		)	(1,548		)
Time deposits	(2,191		)	(2,897		)	(5,088		)
Short-term borrowings	27			—			27
FHLB advances and long-term debt	(1,002		)	76			(926		)
Total interest expense	$	(3,020	)	$	(4,915	)	$	(7,935	)

Note: Changes which are attributable to both volume and rate are allocated to the volume and rate components presented above based on the percentage of direct changes that are attributable to each component.

As summarized above, $8.9 million of the decline in FTE interest income was the result of a 29 basis point, or 5.9%, decrease in average yields, partially offset by a $384,000 increase due to a $91.6 million, or 0.6%, increase in average interest-earning assets.

Average loans, by type, are summarized in the following table:

	Three months ended March 31				Increase (decrease)
	2012		2011		$			%
	(dollars in thousands)
Real estate – commercial mortgage	$	4,617,507	$	4,385,072	$	232,435		5.3	%
Commercial – industrial, financial and agricultural	3,585,520		3,707,081		(121,561		)	(3.3	)
Real estate – home equity	1,611,565		1,628,550		(16,985		)	(1.0	)
Real estate – residential mortgage	1,137,625		1,017,439		120,186			11.8
Real estate – construction	641,574		779,556		(137,982		)	(17.7	)
Consumer	311,592		341,247		(29,655		)	(8.7	)
Leasing and other	73,589		62,497		11,092			17.7
Total	$	11,978,972	$	11,921,442	$	57,530		0.5	%

Geographically, the $232.4 million, or 5.3%, increase in commercial mortgages was throughout all of the Corporation’s markets, led by increases in Pennsylvania ($167.8 million, or 7.3%), Maryland ($29.9 million, or 7.6%) and New Jersey ($17.2 million, or 1.4%).

The $120.2 million, or 11.8%, increase in residential mortgages was largely due to the Corporation’s retention in portfolio of certain 10 and 15 year fixed rate mortgages and certain adjustable rate mortgages, primarily during the fourth quarter of 2011.

Geographically, the $138.0 million, or 17.7%, decline in construction loans was in the Corporation’s Maryland ($47.9 million, or 33.5%), Virginia ($44.7 million, or 26.0%), New Jersey ($29.6 million, or 23.4%) and Pennsylvania ($18.4 million, or 5.8%) markets.

Geographically, the $121.6 million, or 3.3%, decrease in commercial loans was in the Corporation's Virginia ($67.5 million, or

33

25.7%), New Jersey ($45.6 million, or 8.2%) and Maryland ($19.9 million, or 5.8%) markets, partially offset by an increase in Pennsylvania ($10.7 million, or 0.4%). The $29.7 million, or 8.7%, decrease in consumer loans was due to a $15.0 million decrease in direct consumer loans and a $14.7 million decrease in the indirect automobile loan portfolio.

The average yield on loans decreased 21 basis points, or 4.1%, from 5.15% in 2011 to 4.94% in 2012. The decrease in average yields on loans was attributable to repayments of higher-yielding loans and declining average rates on fixed. Adjustable rate loans which, unlike floating rate loans, have a lagged repricing effect.

Average investments were essentially unchanged at $2.8 billion. Taxable investment securities increased $70.8 million, or 3.0%, due to favorable conditions during the first quarter of 2012 for the purchase of mortgage-backed securities and collateralized mortgage obligations. The increase in taxable investment securities was offset by a $49.7 million, or 14.4%, decrease in average tax-exempt investment securities due to calls and maturities and a $17.2 million, or 13.0%, decrease in equity securities.

The average yield on investment securities decreased 55 basis points, or 14.1%, from 3.91% in 2011 to 3.36% in 2012, as the reinvestment of cash flows and purchases of taxable investment securities were at yields that were lower than the overall portfolio yield. Also contributing 14 basis points to the decrease in investment yield was an increase in net premium amortization of $1.0 million, or 32.9%, due to higher prepayments on mortgage-backed securities.

Interest expense decreased $7.9 million, or 22.0%, to $28.2 million in the first quarter of 2012 from $36.1 million in the first quarter of 2011. Interest expense decreased $4.9 million due to a 25 basis point, or 20.2%, decrease in the average cost of total interest-bearing liabilities. Interest expense decreased an additional $3.0 million as a result of a $352.8 million, or 3.0%, decline in average interest-bearing liabilities.

Average deposits, by type, are summarized in the following table:

	Three months ended March 31				Increase (decrease)
	2012		2011		$			%
	(dollars in thousands)
Noninterest-bearing demand	$	2,565,089	$	2,238,200	$	326,889		14.6	%
Interest-bearing demand	2,464,452		2,322,098		142,354			6.1
Savings	3,341,035		3,282,790		58,245			1.8
Total demand and savings	8,370,576		7,843,088		527,488			6.7
Time deposits	3,951,908		4,532,528		(580,620		)	(12.8	)
Total deposits	$	12,322,484	$	12,375,616	$	(53,132	)	(0.4	)%

Total demand and savings accounts increased $527.5 million, or 6.7%, primarily due to industry trends and increased promotional efforts by the Corporation during the first quarter of 2012 in comparison to the first quarter of 2011. The increase in noninterest-bearing account balances was primarily due to a $263.3 million, or 16.7%, increase in business account balances due, in part, to businesses maintaining higher balances to offset service fees, as well as a migration away from the Corporation’s cash management products due to low interest rates.Also contributing to the increase was a $46.0 million, or 8.1%, increase in personal account balances.The $142.4 million, or 6.1%, increase in interest-bearing demand account balances was largely due to a $95.2 million, or 7.1%, increase in personal account balances, a result of customers’ migration away from certificates of deposit. Also contributing to the increase was a $34.9 million, or 3.9%, increase in municipal account balances. The $58.2 million, or 1.8%, increase in savings account balances was due to a $96.3 million, or 18.9%, increase in municipal account balances, partially offset by a $20.9 million, or 2.6%, decrease in business account balances and a $17.1 million, or 0.9%, decrease in personal account balances.

The decrease in time deposits was almost entirely due to customer certificates of deposit, which decreased $574.9 million, or 12.7%, with the remaining $5.8 million decrease in brokered certificates of deposit. The decrease in customer certificates of deposit was in accounts with original maturity terms of less than three years ($585.1 million, or 17.4%) and jumbo certificates of deposit ($53.2 million, or 21.9%), partially offset by increases in longer-term certificates of deposit with original maturity terms of greater than three years. As noted above, the decrease in customer certificates of deposit was due to customers migrating funds to interest-bearing demand accounts in the current low interest rate environment, as well as the Corporation not competing aggressively for time deposit balances, as a result of its favorable overall liquidity position.

The average cost of interest-bearing deposits decreased 26 basis points, or 28.0%, from 0.93% in 2011 to 0.67% in 2012 due to a reduction in rates paid on interest-bearing demand and savings deposits and the repricing of time deposits to lower rates. Since April 1, 2011, excluding early redemptions, approximately $3.4 billion of time deposits matured at a weighted average rate of 1.12%, while approximately $3.1 billion of time deposits were issued at a weighted average rate of 0.61%.

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The following table summarizes changes in average short-term and long-term borrowings, by type:

	Three months ended March 31				Increase (decrease)
	2012		2011		$			%
	(dollars in thousands)
Short-term borrowings:
Customer repurchase agreements	$	200,542	$	212,931	$	(12,389	)	(5.8	)%
Customer short-term promissory notes	155,071		190,385		(35,314		)	(18.5	)
Total short-term customer funding	355,613		403,316		(47,703		)	(11.8	)
Federal funds purchased and other	372,489		219,346		153,143			69.8
Total short-term borrowings	728,102		622,662		105,440			16.9
Long-term debt:
FHLB advances	612,451		677,910		(65,459		)	(9.7	)
Other long-term debt	370,853		383,613		(12,760		)	(3.3	)
Total long-term debt	983,304		1,061,523		(78,219		)	(7.4	)
Total	$	1,711,406	$	1,684,185	$	27,221		1.6	%

The $47.7 million, or 11.8%, decrease in short-term customer funding was primarily due to customers transferring funds from the cash management program to deposit products due to the low interest rate environment. The $153.1 million, or 69.8%, increase in Federal funds purchased and other short-term borrowings was due to the Corporation's purchase of investment securities during the first quarter of 2012, the increase in average loans and the decrease in average deposits. The $65.5 million decrease in FHLB advances was due to maturities, which were not replaced with new advances.

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Provision for Credit Losses and Allowance for Credit Losses

The following table presents the activity in the allowance for credit losses:

	Three months ended March 31
	2012			2011
	(dollars in thousands)
Loans, net of unearned income, outstanding at end of period	$	11,957,600		$	11,873,208
Daily average balance of loans, net of unearned income	$	11,978,972		$	11,921,442
Balance of allowance for credit losses at beginning of period	$	258,177		$	275,498
Loans charged off:
Real estate – commercial mortgage	11,891			10,047
Real estate – construction	8,571			13,894
Commercial – industrial, financial and agricultural	5,669			13,336
Real estate – home equity	2,206			1,468
Real estate – residential mortgage	847			4,996
Consumer	634			1,291
Leasing and other	441			497
Total loans charged off	30,259			45,529
Recoveries of loans previously charged off:
Real estate – commercial mortgage	816			1,535
Real estate – construction	64			563
Commercial – industrial, financial and agricultural	636			391
Real estate – home equity	20			1
Real estate – residential mortgage	73			44
Consumer	350			309
Leasing and other	260			344
Total recoveries	2,219			3,187
Net loans charged off	28,040			42,342
Provision for credit losses	28,000			38,000
Balance of allowance for credit losses at end of period	$	258,137		$	271,156
Components of the Allowance for Credit Losses:
Allowance for loan losses	$	256,496		$	270,272
Reserve for unfunded lending commitments	1,641			884
Allowance for credit losses	$	258,137		$	271,156
Selected Ratios:
Net charge-offs to average loans (annualized)	0.94		%	1.42		%
Allowance for credit losses to loans outstanding	2.16		%	2.28		%

The provision for credit losses was $28.0 million for the first quarter of 2012, a decrease of $10.0 million, or 26.3%, from the first quarter of 2011. The decrease in the provision for credit losses was due to the continuing improvement in the Corporation’s credit quality metrics, including a reduction in the level of non-performing loans and overall delinquency.

Net charge-offs decreased $14.3 million, or 33.8%, to $28.0 million for the first quarter of 2012 compared to $42.3 million for the first quarter of 2011. The decrease in net charge-offs was due to decreases in commercial loan net charge-offs ($7.9 million, or 61.1%), construction loan net charge-offs ($4.8 million, or 36.2%) and residential mortgage net charge-offs ($4.2 million, or 84.4%), partially offset by increases in commercial mortgage net charge-offs ($2.6 million, or 30.1%).

Of the $28.0 million of net charge-offs recorded in the first quarter of 2012, 41.3% were for loans originated in New Jersey, 26.8% in Pennsylvania, 23.8% in Virginia and 7.3% in Maryland. Charge-offs for the first quarter of 2012 included five individual charge-offs of $1.0 million or greater, totaling $11.8 million, of which $6.0 million were commercial mortgages and $5.8 million were

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construction loans.

The following table summarizes the Corporation’s non-performing assets as of the indicated dates:

	March 31, 2012			December 31, 2011			March 31, 2011
	(dollars in thousands)
Non-accrual loans	$	248,719		$	257,761		$	280,270
Loans 90 days past due and accruing	35,270			28,767			37,768
Total non-performing loans	283,989			286,528			318,038
Other real estate owned (OREO)	33,516			30,803			37,044
Total non-performing assets	$	317,505		$	317,331		$	355,082
Non-accrual loans to total loans	2.08		%	2.15		%	2.36		%
Non-performing assets to total assets	1.92		%	1.94		%	2.22		%
Allowance for credit losses to non-performing loans	90.90		%	90.11		%	85.26		%
Non-performing assets to tangible common shareholders’ equity and allowance for credit losses	18.27		%	18.60		%	21.72		%

The following table summarizes the Corporation’s non-performing loans, by type, as of the indicated dates:

	March 31, 2012		December 31, 2011		March 31, 2011
	(in thousands)
Real estate – commercial mortgage	$	104,076	$	113,806	$	97,305
Commercial – industrial, financial and agricultural	82,884		80,944		86,050
Real estate – construction	59,917		60,744		72,880
Real estate – residential mortgage	23,016		16,336		49,998
Real estate – home equity	10,914		11,207		9,314
Consumer	2,834		3,384		2,258
Leasing	348		107		233
Total non-performing loans	$	283,989	$	286,528	$	318,038

Non-performing loans decreased to $284.0 million at March 31, 2012, from $318.0 million at March 31, 2011. The $34.0 million, or 10.7%, decrease was due to a $27.0 million, or 54.0%, decrease in non-performing residential mortgages, a $13.0 million, or 17.8%, decrease in non-performing construction loans and a $3.2 million, or 3.7%, decrease in non-performing commercial loans, partially offset by a $6.8 million, or 7.0%, increase in non-performing commercial mortgages and a $1.6 million, or 17.2%, increase in non-performing home equity loans.

The $27.0 million decrease in non-performing residential mortgages was largely due to the Corporation's sale of $34.7 million of non-performing residential mortgages in December 2011, partially offset by additions during the first quarter of 2012.

The $13.0 million decrease in non-performing construction loans was primarily due to $33.3 million of charge-offs recorded since March 31, 2011, partially offset by additions to non-performing construction loans. Geographically, the decrease in non-performing construction loans was primarily in the Corporation’s Virginia ($17.0 million, or 53.2%) and Maryland ($2.8 million, or 13.0%) markets, partially offset by increases in the Pennsylvania ($4.6 million, or 82.9%) and New Jersey ($2.6 million, or 19.9%) markets.

The $3.2 million decrease in non-performing commercial loans was primarily due to a decrease in the Corporation's Virginia ($12.4 million, or 75.5%) market, partially offset by increases in the Pennsylvania ($4.8 million, or 10.6%) New Jersey ($4.4 million, or 28.7%) markets.

The $6.8 million increase in non-performing commercial mortgages was due to increases in the Corporation's Maryland ($7.3 million, or 213.9%), Virginia ($5.2 million, or 159.4%) and New Jersey ($4.3 million, or 8.7%) markets, partially offset by decreases in the Delaware ($5.4 million, or 64.6%) and Pennsylvania ($4.7 million, or 14.3%) markets.

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The following table presents accruing loans whose terms have been modified under troubled debt restructurings (TDRs), by type, as of the indicated dates:

	March 31, 2012		December 31, 2011		March 31, 2011
	(in thousands)
Real estate – residential mortgage	$	33,885	$	32,331	$	39,558
Real estate – commercial mortgage	22,534		22,425		31,967
Real estate – construction	10,303		7,645		5,440
Commercial – industrial, financial and agricultural	3,585		3,581		4,074
Consumer and home equity	464		193		260
Total accruing TDRs	$	70,771	$	66,175	$	81,299

The following table summarizes the Corporation’s OREO, by property type, as of the indicated dates:

	March 31, 2012		December 31, 2011		March 31, 2011
	(in thousands)
Commercial properties	$	16,520	$	15,184	$	18,475
Residential properties	10,739		10,499		14,738
Undeveloped land	6,257		5,120		3,831
Total OREO	$	33,516	$	30,803	$	37,044

The following table summarizes loan delinquency rates, by type, as of March 31:

	2012									2011
	31-89 Days			> 90 Days (1)			Total			31-89 Days			> 90 Days (1)			Total
Real estate – commercial mortgage	0.43		%	2.24		%	2.67		%	0.66		%	2.21		%	2.87		%
Commercial – industrial, financial and agricultural	0.35		%	2.36		%	2.71		%	0.50		%	2.33		%	2.83		%
Real estate – construction	0.56		%	9.25		%	9.81		%	0.56		%	9.75		%	10.31		%
Real estate – residential mortgage	2.76		%	1.96		%	4.72		%	3.47		%	4.89		%	8.36		%
Real estate – home equity	0.74		%	0.68		%	1.42		%	0.74		%	0.57		%	1.31		%
Consumer, leasing and other	1.40		%	0.84		%	2.24		%	1.26		%	0.64		%	1.90		%
Total	0.71		%	2.38		%	3.09		%	0.88		%	2.67		%	3.55		%
Total dollars (in thousands)	$	85,411		$	283,989		$	369,400		$	104,046		$	318,038		$	422,084

(1) Includes non-accrual loans.

The Corporation believes that the allowance for credit losses of $258.1 million as of March 31, 2012 is sufficient to cover losses inherent in both the loan portfolio and the unfunded lending commitments as of that date and is appropriate based on applicable accounting standards.

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Other Income

The following table presents the components of other income:

	Three months ended March 31				Increase (decrease)
	2012		2011		$			%
	(dollars in thousands)
Overdraft fees	$	7,965	$	7,571	$	394		5.2	%
Cash management fees	2,613		2,450		163			6.7
Other	4,264		3,284		980			29.8
Service charges on deposit accounts	14,842		13,305		1,537			11.6
Merchant fees	2,859		2,147		712			33.2
Foreign currency processing income	2,392		2,197		195			8.9
Debit card income	2,101		4,204		(2,103		)	(50.0	)
Letter of credit fees	1,317		1,255		62			4.9
Other	1,886		1,679		207			12.3
Other service charges and fees	10,555		11,482		(927		)	(8.1	)
Mortgage banking income	10,050		5,463		4,587			84.0
Investment management and trust services	9,377		9,204		173			1.9
Credit card income	1,898		1,596		302			18.9
Other	3,707		2,126		1,581			74.4
Total, excluding investment securities gains	50,429		43,176		7,253			16.8
Investment securities gains	1,251		2,285		(1,034		)	(45.3	)
Total	$	51,680	$	45,461	$	6,219		13.7	%

Effective October 1, 2011, as required under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), the Corporation became subject to new regulations that established maximum interchange fees that issuers could charge on debit card transactions. The variances in many categories of fee income were directly or indirectly impacted by the effects of these new regulations. Directly, these new pricing regulations resulted in the $2.1 million, or 50%, decrease in debit card income.

Indirect effects were reflected in other fee categories, where changes to pricing structures were made to mitigate the negative effect of the impact to debit card income. These fee changes had a positive impact on overdraft fees ($394,000, or 5.2%, increase), merchant fees ($712,000, or 33.2%, increase) and other service charges on deposit accounts ($980,000, or 29.8%, increase).

During the first quarter of 2012, the Corporation experienced a $4.6 million, or 84.0%, increase in mortgage banking income. Gains on sales of mortgage loans increased $5.1 million, or 113.0%, due to a $287.4 million, or 87.5%, increase in the volume of new loan commitments and a slight increase in pricing spreads. The increase in volumes was largely due to higher refinances in the persistent low interest rate environment. The increase in gains on sales of mortgage loans was partially offset by an increase in mortgage servicing rights amortization.

The $302,000, or 18.9%, increase in credit card income was primarily due to balance growth and partially due to an increase in the number of customer transactions. The $1.6 million, or 74.4%, increase in other income was mainly due to $1.5 million of gains on the sales of two branches and one operations facility.

The $1.3 million of investment securities gains for the first quarter of 2012 was due to $1.1 million of realized gains on the sales of stocks of financial institutions and $165,000 of realized gains on the sales of debt securities, primarily mortgage-backed securities. Investment securities gains of $2.3 million for the first quarter of 2011 included $3.6 million of realized gains on the sales of securities partially offset by $1.3 million of other-than-temporary impairment charges. During the first quarter of 2011, the Corporation recorded $994,000 of other-than-temporary impairment charges for pooled trust preferred securities issued by financial institutions and $297,000 of other-than-temporary impairment charges for certain stocks of financial institutions. See Note D, "Investment Securities," in the Notes to Consolidated Financial Statements for additional details.

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Other Expenses

The following table presents the components of other expenses:

	Three months ended March 31					Increase (decrease)
	2012		2011			$			%
	(dollars in thousands)
Salaries and employee benefits	$	60,360	$	54,308		$	6,052		11.1	%
Net occupancy expense	10,935		11,366			(431		)	(3.8	)
Data processing	3,688		3,372			316			9.4
Equipment expense	3,369		3,132			237			7.6
Operating risk loss	3,368		(462		)	3,830			829.0
FDIC insurance expense	3,021		4,754			(1,733		)	(36.5	)
OREO and repossession expense	2,928		1,271			1,657			130.4
Professional fees	2,582		2,849			(267		)	(9.4	)
Marketing	2,472		2,836			(364		)	(12.8	)
Software	2,175		2,031			144			7.1
Telecommunications	1,901		2,172			(271		)	(12.5	)
Postage	1,285		1,405			(120		)	(8.5	)
Supplies	1,225		1,375			(150		)	(10.9	)
Intangible amortization	801		1,178			(377		)	(32.0	)
Other	10,601		9,277			1,324			14.3
Total	$	110,711	$	100,864		$	9,847		9.8	%

Salaries and employee benefits increased $6.1 million, or 11.1%, with salaries increasing $4.5 million, or 10.1%, and employee benefits increasing $1.5 million, or 16.5%. The increase in salaries was primarily due to normal merit increases and a $2.2 million increase in incentive compensation. The increase in employee benefits was primarily due to an increase in healthcare costs as claims increased, and an increase in defined benefit plan expense.

The $3.8 million increase in operating risk loss was largely due to estimated losses associated with previously sold residential mortgages. During the first quarter of 2012, the Corporation recorded a $2.6 million charge related to residential mortgage loans sold under one specific investor program with the FHLB. During the first quarter of 2012, credit losses under the program were projected to exceed defined levels and, as a result, the Corporation recorded a reserve for estimated credit losses as of March 31, 2012. The first quarter of 2011 included a $900,000 decrease in reserves associated with the potential repurchase of previously sold residential mortgage and home equity loans as a result of the Corporation entering into a settlement agreement with a secondary market investor. See Note J, "Commitments and Contingencies," in the Notes to Consolidated Financial Statements for additional details.

The $1.7 million, or 36.5%, decrease in FDIC insurance expense was largely due to a change in the assessment base, which, effective April 1, 2011, was based on total average assets minus average tangible equity, compared to total domestic deposits for the first quarter of 2011.

OREO and repossession expense increased $1.7 million, or 130.4%, mainly due to a $1.3 million increase in net losses on sales. This expense category is expected to be volatile as the Corporation continues to work through its non-performing assets.

The $364,000, or 12.8%, decrease in marketing expense was primarily due to the Corporation's efforts to control discretionary spending and the timing of promotional campaigns. Intangible amortization decreased $377,000, or 32.0%, due to accelerated amortization of certain core deposit intangible assets. Other expenses increased $1.3 million, or 14.3%, largely due to an $856,000, or 129.4%, increase in non-income taxes and a $687,000, or 42.3%, increase in consulting and outside services. Non-income taxes increased due to growth in the taxable capital base of certain banks and a decrease in credits and sales tax refunds.

Income Taxes

Income tax expense for the first quarter of 2012 was $13.5 million, a $1.2 million, or 9.3%, increase from $12.4 million for the first quarter of 2011. The increase was primarily due to the increase in income before income taxes.

The Corporation’s effective tax rate was 26.2% in 2012, as compared to 26.8% in 2011. The effective rate is generally lower than

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the Federal statutory rate of 35% due to investments in tax-free municipal securities and credits earned from investments in partnerships that generate such credits under various federal programs.

FINANCIAL CONDITION

Total assets were $16.5 billion at March 31, 2012, an increase of $165.7 million, or 1.0%, in comparison to December 31, 2011.

Investment securities increased $409.4 million, or 15.3%. During the first three months of 2012, the Corporation increased its investments in mortgage-backed securities and collateralized mortgage obligations in anticipation of a continued low interest rate environment.

The following table presents ending balances of loans outstanding, net of unearned income:

	March 31, 2012		December 31, 2011
	(in thousands)
Real-estate – commercial mortgage	$	4,634,428	$	4,602,596
Commercial – industrial, financial and agricultural	3,518,228		3,639,368
Real-estate – home equity	1,601,880		1,624,562
Real-estate – residential mortgage	1,176,947		1,097,192
Real-estate – construction	647,700		615,445
Consumer	308,495		318,101
Leasing and other	69,922		71,706
Loans, net of unearned income	$	11,957,600	$	11,968,970

Approximately $5.3 billion, or 44.2%, of the Corporation’s loan portfolio was in commercial mortgage and construction loans at March 31, 2012. The Corporation did not have a significant concentration of credit risk with any single borrower, industry or geographical location.

The Corporation experienced an $11.4 million, or 0.1%, decrease in loans, net of unearned income, as of March 31, 2012 in comparison to December 31, 2011. This decrease was due to a $121.1 million, or 3.3%, decrease in commercial loans and a $22.7 million, or 1.4%, decrease in home equity loans. These decreases were offset by a $79.8 million, or 7.3%, increase in residential mortgages, a $32.3 million, or 5.2%, increase in construction loans and a $31.8 million, or 0.7%, increase in commercial mortgages.

The $121.1 million, or 3.3%, decrease in commercial loans was experienced throughout all of the Corporation’s markets. Commercial line of credit usage declined by approximately $60 million as cash conservation continues among the Corporation's commercial customer base.

The $79.8 million, or 7.3%, increase in residential mortgages was due to the Corporation's retention in portfolio of certain 10 and 15 year fixed rate mortgages and certain adjustable rate mortgages. The $32.3 million, or 5.2%, increase in construction loans was due to increases in the Corporation's Pennsylvania ($25.6 million, or 9.0%) and Virginia ($16.2 million, or 14.0%) markets, which have begun to experience some growth in residential construction activity as a result of improvements in housing demand.

Other assets decreased $183.4 million, or 28.0%. As of December 31, 2011, the Corporation had $181.6 million of receivables outstanding related to investment security sales that had not settled at year-end. The Corporation had no such receivables outstanding as of March 31, 2012.

Deposits decreased $185.0 million, or 1.5%, due to a decrease in demand and savings deposits of $47.6 million, or 0.6%, and a decrease in time deposits of $137.4 million, or 3.4%. Non-interest bearing accounts increased $94.2 million, or 3.6%, due primarily to a $46.3 million, or 7.4%, increase in personal accounts and a $34.5 million increase in business accounts. Interest-bearing demand and saving deposits decreased $141.9 million, or 2.4%, due to a $172.4 million, or 10.9%, decrease in municipal account balances, partially offset by a $78.7 million, or 2.3%, increase in personal accounts. The decrease in municipal accounts was largely driven by a reduction in rates paid on these accounts and movement of balances to cash reserve investment accounts. The $137.4 million decrease in time deposits was mostly due to a decline in accounts with original maturity terms of less than two years of $133.9 million, or 6.2%.

Short-term borrowings increased $367.5 million, or 61.6%, due to a $332.1 million, or 131.0%, increase in Federal funds purchased and a $35.4 million, or 10.3%, increase in other short-term borrowings. The increase in Federal funds purchased was due to the change in the Corporation's overall liquidity position, as an increase in investment securities and a decrease in deposits required the use of short-term borrowings. Long-term debt decreased $106.2 million, or 10.2%, as a result of FHLB advance maturities,

41

which were not replaced with new long-term borrowings.

Capital Resources

Total shareholders’ equity increased $30.3 million, or 1.5%, during the first three months of 2012. The increase was due to $38.1 million of net income and a $4.7 million increase in holding gains on available for sale investment securities, partially offset by $14.0 million of dividends on common shares outstanding.

As a result of the continued growth in earnings, the Corporation increased its dividend to common shareholders to $0.07 per share for the first quarter of 2012, a three cent, or 75.0%, increase in comparison to the first quarter of 2011.

The Corporation and its subsidiary banks are subject to various regulatory capital requirements administered by banking regulators. Failure to meet minimum capital requirements can initiate certain actions by regulators that could have a material effect on the Corporation’s consolidated financial statements. The regulations require that banks maintain minimum amounts and ratios of total and Tier I capital (as defined in the regulations) to risk weighted assets (as defined), and Tier I capital to average assets (as defined). As of March 31, 2012, the Corporation and each of its bank subsidiaries met the minimum requirements. In addition, each of the Corporation’s bank subsidiaries’ capital ratios exceeded the amounts required to be considered "well capitalized" as defined in the regulations.

The following table summarizes the Corporation’s capital ratios in comparison to regulatory requirements, where applicable:

	March 31, 2012		December 31, 2011		Regulatory Minimum Capital Adequacy
Total Capital (to Risk-Weighted Assets)	15.5	%	15.2	%	8.0	%
Tier I Capital (to Risk-Weighted Assets)	13.0	%	12.7	%	4.0	%
Tier I Capital (to Average Assets)	10.4	%	10.3	%	4.0	%
Tangible Common Equity (to Risk-Weighted Assets) (1)	11.8	%	11.4	%	N/A

(1) Ending shareholders’ equity, net of goodwill and intangible assets, divided by risk-weighted assets.

N/A – Not applicable.

The Basel Committee on Banking Supervision (Basel) is a committee of central banks and bank regulators from major industrialized countries that develops broad policy guidelines for use by each country’s regulators with the purpose of ensuring that financial institutions have adequate capital given the risk levels of assets and off-balance sheet financial instruments.

In December 2010, Basel released a framework for strengthening international capital and liquidity regulations, referred to as Basel III. Basel III includes defined minimum capital ratios, which must be met when implementation occurs on January 1, 2013. An additional "capital conservation buffer" will be phased-in beginning January 1, 2016 and, when fully phased-in three years later, the minimum ratios will be 2.5% higher. Fully phased-in capital standards under Basel III will require banks to maintain more capital than the minimum levels required under current regulatory capital standards.

The U.S. banking regulators have not yet proposed regulations implementing Basel III, but are expected to do so in the near future. As of March 31, 2012, the Corporation met the fully phased-in minimum capital ratios required for each of the capital measures included in Basel III.

Liquidity

The Corporation must maintain a sufficient level of liquid assets to meet the cash needs of its customers, who, as depositors, may want to withdraw funds or who, as borrowers, need credit availability. Liquidity is provided on a continuous basis through scheduled and unscheduled principal and interest payments on outstanding loans and investments and through the availability of deposits and borrowings. The Corporation also maintains secondary sources that provide liquidity on a secured and unsecured basis to meet short-term needs.

Each of the Corporation's subsidiary banks is a member of the FHLB and has access to FHLB overnight and term credit facilities. As of March 31, 2012, the Corporation had $589.5 million of short and long-term FHLB advances outstanding from the FHLB with an additional $756.2 million borrowing capacity under these facilities.Advances from the FHLB are secured by FHLB stock, qualifying residential mortgages, investments and other assets.

A combination of commercial real estate loans, commercial loans and securities are pledged to the Federal Reserve Bank of

42

Philadelphia to provide access to Federal Reserve Bank Discount Window borrowings. As of March 31, 2012, the Corporation had $1.7 billion of collateralized borrowing availability at the Discount Window, and no outstanding borrowings.

Liquidity must also be managed at the Fulton Financial Corporation parent company level. For safety and soundness reasons, banking regulations limit the amount of cash that can be transferred from subsidiary banks to the parent company in the form of loans and dividends. Generally, these limitations are based on the subsidiary banks’ regulatory capital levels and their net income. Management continues to monitor the liquidity and capital needs of the parent company and will implement appropriate strategies, as necessary, to remain adequately capitalized and to meet its cash needs.

The Corporation’s sources and uses of funds were discussed in general terms in the net interest income section of Management’s Discussion. The consolidated statements of cash flows provide additional information. The Corporation’s operating activities during the first three months of 2012 generated $63.1 million of cash, mainly due to net income, as adjusted for non-cash expenses, most notably the provision for credit losses, and a net decrease in loans held for sale. Cash flows used in investing activities were $134.6 million, due mainly to purchases of investment securities exceeding proceeds from the maturities and sales of investment securities. Net cash generated by financing activities was $65.7 million due to a net increase in short-term borrowings exceeding cash outflows from deposit decreases and repayments of long-term debt.

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Item 3. Quantitative and Qualitative Disclosures About Market Risk

Market risk is the exposure to economic loss that arises from changes in the values of certain financial instruments. The types of market risk exposures generally faced by financial institutions include interest rate risk, equity market price risk, debt security market price risk, foreign currency risk and commodity price risk. Due to the nature of its operations, only equity market price risk, debt security market price risk and interest rate risk are significant to the Corporation.

Equity Market Price Risk

Equity market price risk is the risk that changes in the values of equity investments could have a material impact on the financial position or results of operations of the Corporation. The Corporation’s equity investments consisted of $79.7 million of Federal Home Loan Bank (FHLB) and Federal Reserve Bank stock, $26.8 million of common stocks of publicly traded financial institutions, and $6.6 million of other equity investments. The equity investments most susceptible to equity market price risk are the financial institutions stocks, which had a cost basis of approximately $24.0 million and fair value of $26.8 million at March 31, 2012. Gross unrealized losses were $1.0 million and gross unrealized gains in this portfolio were $3.8 million.

The Corporation has evaluated whether any unrealized losses on individual equity investments constituted other-than-temporary impairment, which would require a write-down through a charge to earnings. Based on the results of such evaluations, the Corporation did not record any write-downs for specific financial institution stocks that were deemed to exhibit other-than-temporary impairment in value during the three months ended March 31, 2012. Additional impairment charges may be necessary in the future depending upon the performance of the equity markets in general and the performance of the individual investments held by the Corporation. See Note D, “Investment Securities” in the Notes to Consolidated Financial Statements for additional details.

Management continuously monitors the fair value of its equity investments and evaluates current market conditions and operating results of the issuers. Periodic sale decisions are made based on this monitoring process. None of the Corporation’s equity securities are classified as trading.

Another source of equity market price risk is the investment in FHLB stock, which the Corporation is required to own in order to borrow funds from the FHLB.As of March 31, 2012, the Corporation’s investment in FHLB stock was$60.5 million. FHLBs obtain funding primarily through the issuance of consolidated obligations of the FHLB system. The U.S. government does not guarantee these obligations, and each of the FHLB banks is, generally, jointly and severally liable for repayment of each other’s debt. The financial stress experienced by the FHLB system appears to be easing and some of the regional banks within the FHLB system have resumed limited redemptions of capital stock. However, the Corporation's FHLB stock and its ability to obtain FHLB funds could be adversely impacted if the financial health of the FHLB system deteriorates.

In addition to its equity portfolio, the Corporation’s investment management and trust services income may be impacted by fluctuations in the equity markets. A portion of this revenue is based on the value of the underlying investment portfolios, many of which include equity investments. If the values of those investment portfolios decrease, whether due to factors influencing U.S. equity markets in general or otherwise, the Corporation’s revenue would be negatively impacted. In addition, the Corporation’s ability to sell its brokerage services in the future will be dependent, in part, upon consumers’ level of confidence in financial markets.

Debt Security Market Price Risk

Debt security market price risk is the risk that changes in the values, unrelated to interest rate changes, of debt securities could have a material impact on the financial position or results of operations of the Corporation. The Corporation’s debt security investments consist primarily of mortgage-backed securities and collateralized mortgage obligations, state and municipal securities, U.S. government sponsored agency securities, U.S. government debt securities, auction rate securities and corporate debt securities. All of the Corporation's investments in mortgage-backed securities and collateralized mortgage obligations have principal payments that are guaranteed by U.S. government sponsored agencies.

Municipal Securities

As of March 31, 2012, the Corporation had $310.6 million of securities issued by various municipalities in its investment portfolio. Ongoing uncertainty with respect to the financial viability of municipal insurers places much greater emphasis on the underlying strength of issuers. Continued pressure on local tax revenues of issuers could also have an adverse impact on the underlying credit quality of issuers. The Corporation evaluates existing and potential holdings primarily based on the creditworthiness of the issuing municipality and then, to a lesser extent, on the underlying credit enhancement. As of March 31, 2012, approximately 94% of municipal securities were supported by the general obligation of corresponding municipalities. In addition, approximately 75% of these securities were school district issuances that were supported by the states of the issuing municipalities.

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Auction Rate Certificates

As of March 31, 2012, the Corporation’s investments in student loan auction rate securities, also known as auction rate certificates (ARCs), had a cost basis of $241.7 million and a fair value of $223.9 million.

ARCs are long-term securities structured to allow their sale in periodic auctions, resulting in both the treatment of ARCs as short-term instruments in normal market conditions and fair values that could be derived based on periodic auction prices. However, beginning in 2008, auctions for these securities began to fail due to an insufficient number of buyers, resulting in an illiquid market. This illiquidity has resulted in recent market prices that represent forced liquidations or distressed sales and do not provide an accurate basis for fair value. Therefore, at March 31, 2012, the fair values of the ARCs were derived using significant unobservable inputs based on an expected cash flows model which produced fair values that were materially different from those that would be expected from settlement of these investments in the illiquid market that presently exists. The expected cash flows model, prepared by a third-party valuation expert, produced fair values which assumed a return to market liquidity sometime within the next three years.

The credit quality of the underlying debt associated with ARCs is also a factor in the determination of their estimated fair value. As of March 31, 2012, approximately $173 million, or 77%, of the ARCs were rated above investment grade, with approximately $27 million, or 12%, AAA rated and $106 million, or 47%, AA rated. Approximately $51 million, or 23%, of ARCs were either not rated or rated below investment grade by at least one ratings agency. Of this amount, approximately $32 million, or 63%, of the student loans underlying these ARCs have principal payments which are guaranteed by the federal government. In total, approximately $203 million, or 91%, of the student loans underlying the ARCs have principal payments which are guaranteed by the federal government. As of March 31, 2012, all ARCs were current and making scheduled interest payments.

Corporate Debt Securities

The Corporation holds corporate debt securities in the form of pooled trust preferred securities, single-issuer trust preferred securities and subordinated debt issued by financial institutions, as presented in the following table:

	March 31, 2012
	Amortized cost		Estimated fair value
	(in thousands)
Single-issuer trust preferred securities	$	83,935	$	77,625
Subordinated debt	40,211		42,357
Pooled trust preferred securities	6,004		5,062
Corporate debt securities issued by financial institutions	$	130,150	$	125,044

The fair values for pooled trust preferred securities and certain single-issuer trust preferred securities were based on quotes provided by third-party brokers who determined fair values based predominantly on internal valuation models which were not indicative prices or binding offers.

The Corporation’s investments in single-issuer trust preferred securities had an unrealized loss of $6.3 million at March 31, 2012.The Corporation did not record any other-than-temporary impairment charges for single-issuer trust preferred securities during the three months ended March 31, 2012 or 2011. The Corporation held 13 single-issuer trust preferred securities that were rated below investment grade by at least one ratings agency, with an amortized cost of $41.2 million and an estimated fair value of $40.6 million as of March 31, 2012.The majority of the single-issuer trust preferred securities rated below investment grade were rated BB or Ba. Single-issuer trust preferred securities with an amortized cost of $7.8 million and an estimated fair value of $6.3 million at March 31, 2012 were not rated by any ratings agency.

The Corporation holds ten pooled trust preferred securities. As of March 31, 2012, nine of these securities, with an amortized cost of $5.6 million and an estimated fair value of $4.7 million, were rated below investment grade by at least one ratings agency, with ratings ranging from C to Ca. For each of the nine pooled trust preferred securities rated below investment grade, the class of securities held by the Corporation was below the most senior tranche, with the Corporation’s interests being subordinate to other investors in the pool.

The amortized cost of pooled trust preferred securities is the purchase price of the securities, net of cumulative credit related other-than-temporary impairment charges, determined using an expected cash flows model. The most significant input to the expected cash flows model was the expected payment deferral rate for each pooled trust preferred security. The Corporation evaluates the financial metrics, such as capital ratios and non-performing asset ratios, of the individual financial institution issuers that comprise each pooled trust preferred security to estimate its expected deferral rate. The actual weighted average cumulative defaults and

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deferrals as a percentage of original collateral were approximately 39% as of March 31, 2012. The discounted cash flows modeling for pooled trust preferred securities held by the Corporation as of March 31, 2012 assumed, on average, an additional 15% expected deferral rate.

During the three months ended March 31, 2012, the Corporation did not record any other-than-temporary impairment losses for pooled trust preferred securities. Additional impairment charges for debt securities issued by financial institutions may be necessary in the future depending upon the performance of the individual investments held by the Corporation.

See Note D, "Investment Securities" in the Notes to Consolidated Financial Statements for further discussion related to the Corporation’s other-than-temporary impairment evaluations for debt securities and Note L, "Fair Value Measurements" in the Notes to Consolidated Financial Statements for further discussion related to the fair values of debt securities.

Interest Rate Risk

Interest rate risk creates exposure in two primary areas. First, changes in rates have an impact on the Corporation’s liquidity position and could affect its ability to meet obligations and continue to grow. Second, movements in interest rates can create fluctuations in the Corporation’s net income and changes in the economic value of its equity.

The Corporation employs various management techniques to minimize its exposure to interest rate risk. An Asset/Liability Management Committee (ALCO), consisting of key financial and senior management personnel, meets on a regular basis. The ALCO is responsible for reviewing the interest rate sensitivity position of the Corporation, approving asset and liability management policies, and overseeing the formulation and implementation of strategies regarding balance sheet positions and earnings.

46

The following table provides information about the Corporation’s interest rate sensitive financial instruments on March 31, 2012. The table presents expected cash flows and weighted average rates for each of the Corporation's significant interest rate sensitive financial instruments, by expected maturity period. None of the Corporation’s financial instruments are classified as trading. All dollar amounts are in thousands.

	Expected Maturity Period																					Estimated
	Year 1			Year 2			Year 3			Year 4			Year 5			Beyond			Total			Fair Value
Fixed rate loans (1)	$	976,392		$	501,801		$	410,628		$	302,300		$	232,814		$	379,210		$	2,803,145		$	2,837,321
Average rate	4.06		%	5.66		%	5.58		%	5.49		%	5.63		%	5.52		%	5.05		%
Floating rate loans (1) (2)	1,841,946			1,209,589			1,039,246			921,264			1,702,803			2,425,825			9,140,673			8,942,067
Average rate	4.52		%	4.59		%	4.62		%	4.59		%	4.25		%	4.83		%	4.58		%
Fixed rate investments (3)	598,188			414,835			296,473			254,885			208,404			856,114			2,628,899			2,699,151
Average rate	3.49		%	3.56		%	3.47		%	3.59		%	3.57		%	3.39		%	3.48		%
Floating rate investments (3)	—			—			241,805			—			4,910			57,375			304,090			277,137
Average rate	—		%	—		%	4.47		%	—		%	1.18		%	2.73		%	4.09		%
Other interest-earning assets	176,355			—			—			—			—			—			176,355			176,355
Average rate	1.75		%	—		%	—		%	—		%	—		%	—		%	1.75		%
Total	$	3,592,881		$	2,126,225		$	1,988,152		$	1,478,449		$	2,148,931		$	3,718,524		$	15,053,162		$	14,932,031
Average rate	4.09		%	4.64		%	4.63		%	4.60		%	4.33		%	4.53		%	4.43		%
Fixed rate deposits (4)	$	1,990,689		$	801,210		$	274,562		$	176,725		$	78,457		$	32,836		$	3,354,479		$	3,394,928
Average rate	1.13		%	1.84		%	1.96		%	2.41		%	1.98		%	2.14		%	1.46		%
Floating rate deposits (5)	4,498,932			650,217			449,682			354,550			255,174			95,429			6,303,984			6,303,984
Average rate	0.24		%	0.15		%	0.13		%	0.11		%	0.10		%	0.16		%	0.21		%
Fixed rate borrowings (6)	54,068			990			56,288			100,545			471,458			258,873			942,222			896,976
Average rate	2.42		%	5.03		%	3.29		%	5.35		%	4.22		%	6.04		%	4.68		%
Floating rate borrowings (7)	939,813			—			—			—			—			16,496			956,309			943,975
Average rate	0.16		%	—		%	—		%	—		%	—		%	2.65		%	0.20		%
Total	$	7,483,502		$	1,452,417		$	780,532		$	631,820		$	805,089		$	403,634		$	11,556,994		$	11,539,863
Average rate	0.48		%	1.09		%	1.00		%	1.59		%	2.69		%	4.19		%	0.94		%

(1) Amounts are based on contractual payments and maturities, adjusted for expected prepayments. Excludes $13.8 million of overdraft deposit balances.

(2) Line of credit amounts are based on historical cash flow assumptions, with an average life of approximately 5 years.

(3) Amounts are based on contractual maturities; adjusted for expected prepayments on mortgage-backed securities and collateralized mortgage obligations and expected calls on agency and municipal securities. Excludes equity securities as such investments do not have maturity dates.

(4) Amounts are based on contractual maturities of time deposits.

(5) Estimated based on history of deposit flows.

(6) Amounts are based on contractual maturities of debt instruments, adjusted for possible calls. Amounts also include junior subordinated deferrable interest debentures.

(7) Amounts include Federal Funds purchased, short-term promissory notes and securities sold under agreements to repurchase, which mature in less than 90 days, in addition to junior subordinated deferrable interest debentures.

The preceding table and discussion addressed the liquidity implications of interest rate risk and focused on expected cash flows from financial instruments. Expected maturities, however, do not necessarily reflect the net interest impact of interest rate changes. Certain financial instruments, such as adjustable rate loans, have repricing periods that differ from expected cash flows periods.

Included within the $9.1 billion of floating rate loans above are $3.9 billion of loans, or 42.6% of the total, that float with the prime interest rate, $1.3 billion, or 14.2%, of loans that float with other interest rates, primarily LIBOR, and $3.9 billion, or 43.2%, of adjustable rate loans. The $3.9 billion of adjustable rate loans include loans that are fixed rate instruments for a certain period of time, and then convert to floating rates.

47

The following table presents the percentage of adjustable rate loans, at March 31, 2012, stratified by the period until their next repricing:

	Percent of Total Adjustable Rate Loans
One year	28.5%
Two years	24.0
Three years	16.2
Four years	13.7
Five years	11.6
Greater than five years	6.0

As of March 31, 2012, approximately $5.6 billion of loans had interest rate floors, with approximately $3.2 billion priced at their interest rate floor. Of this total, approximately $2.5 billion have repricing dates during the next twelve months. The weighted average interest rate increase that would be necessary for these loans to begin repricing to higher rates was approximately 0.76%.

The Corporation uses three complementary methods to measure and manage interest rate risk. They are static gap analysis, simulation of earnings and estimates of economic value of equity. Using these measurements in tandem provides a reasonably comprehensive summary of the magnitude of the Corporation's interest rate risk, level of risk as time evolves, and exposure to changes in interest rates.

Static gap provides a measurement of repricing risk in the Corporation’s balance sheet as of a point in time. This measurement is accomplished through stratification of the Corporation’s assets and liabilities into repricing periods. The sum of assets and liabilities in each of these periods are compared for mismatches within that maturity segment. Core deposits having no contractual maturities are placed into repricing periods based upon historical balance performance. Repricing for mortgage loans, mortgage-backed securities and collateralized mortgage obligations are based upon industry projections for prepayment speeds. The Corporation’s policy limits the cumulative six-month ratio of rate sensitive assets to rate sensitive liabilities (RSA/RSL) to a range of 0.85 to 1.15. As of March 31, 2012, the cumulative six-month ratio of RSA/RSL was 1.05.

Simulation of net interest income is performed for the next twelve-month period. A variety of interest rate scenarios are used to measure the effects of sudden and gradual movements upward and downward in the yield curve. These results are compared to the results obtained in a flat or unchanged interest rate scenario. Simulation of earnings is used primarily to measure the Corporation’s short-term earnings exposure to rate movements. The Corporation’s policy limits the potential exposure of net interest income to 10% of the base case net interest income for a 100 basis point shock in interest rates, 15% for a 200 basis point shock and 20% for a 300 basis point shock. A "shock" is an immediate upward or downward movement of interest rates across the yield curve. The shocks do not take into account changes in customer behavior that could result in changes to mix and/or volumes in the balance sheet nor do they account for competitive pricing over the forward 12-month period.

The following table summarizes the expected impact of interest rate shocks on net interest income (due to the current level of interest rates, the 200 and 300 basis point downward shock scenarios are not shown):

Rate Shock	Annual change in net interest income	% Change
+300 bp	+ $ 42.2 million	+7.6%
+200 bp	+ $ 22.9 million	+4.1
+100 bp	+ $ 5.2 million	+0.9
–100 bp (1)	– $ 17.4 million	–3.1

(1) Because certain current short-term interest rates are at or below 1.00%, the 100 basis point downward shock assumes that corresponding interest rates approach an implied floor that, in effect, reflects a decrease of less than the full 100 basis points downward shock.

Economic value of equity estimates the discounted present value of asset cash flows and liability cash flows. Discount rates are based upon market prices for like assets and liabilities. Upward and downward shocks of interest rates are used to determine the comparative effect of such interest rate movements relative to the unchanged environment. This measurement tool is used primarily to evaluate the longer-term repricing risks and options in the Corporation’s balance sheet. A policy limit of 10% of economic equity may be at risk for every 100 basis point shock movement in interest rates. As of March 31, 2012, the Corporation was within policy limits for every 100 basis point shock movement in interest rates.

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Item 4. Controls and Procedures

The Corporation carried out an evaluation, under the supervision and with the participation of the Corporation’s management, including the Corporation’s Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Corporation’s disclosure controls and procedures pursuant to Exchange Act Rule 13a-15. Based upon that evaluation, the Corporation’s Chief Executive Officer and Chief Financial Officer concluded that, as of the end of the period covered by this quarterly report, the Corporation’s disclosure controls and procedures are effective. Disclosure controls and procedures are controls and procedures that are designed to ensure that information required to be disclosed in Corporation reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.

There have been no changes in the Corporation’s internal control over financial reporting during the fiscal quarter covered by this quarterly report that has materially affected, or is reasonably likely to materially affect, the Corporation’s internal control over financial reporting.

49

PART II – OTHER INFORMATION

Item 1. Legal Proceedings

The Corporation and its subsidiaries are involved in various legal proceedings in the ordinary course of the business of the Corporation. The Corporation periodically evaluates the possible impact of pending litigation matters based on, among other factors, the advice of counsel, available insurance coverage and recorded liabilities and reserves for probable legal liabilities and costs. As of the date of this report, the Corporation believes that any liabilities, individually or in the aggregate, which may result from the final outcomes of pending proceedings are not expected to have a material adverse effect on the financial position, the operating results and/or the liquidity of the Corporation. However, litigation is often unpredictable, and the actual results of litigation cannot be determined with certainty.

Item 1A. Risk Factors

There have been no material changes to the risk factors as previously disclosed in Part I, Item 1A of the Corporation’s Form 10-K for the year ended December 31, 2011.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Not applicable.

Item 3. Defaults Upon Senior Securities

Not applicable.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

Not applicable.

Item 6. Exhibits

See Exhibit Index for a list of the exhibits required by Item 601 of Regulation S-K and filed as part of this report.

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FULTON FINANCIAL CORPORATION AND SUBSIDIARIES

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

FULTON FINANCIAL CORPORATION
Date:	May 10, 2012	/s/ R. Scott Smith, Jr.
		R. Scott Smith, Jr.
		Chairman and Chief Executive Officer
Date:	May 10, 2012	/s/ Charles J. Nugent
		Charles J. Nugent
		Senior Executive Vice President and
		Chief Financial Officer

51

EXHIBIT INDEX

Exhibits Required Pursuant

to Item 601 of Regulation S-K

3.1	Articles of Incorporation, as amended and restated, of Fulton Financial Corporation– Incorporated by reference to Exhibit 3.1 of the Fulton Financial Corporation Current Report on Form 8-K dated June 24, 2011.
3.2	Bylaws of Fulton Financial Corporation as amended – Incorporated by reference to Exhibit 3.1 of the Fulton Financial Corporation Current Report on Form 8-K dated September 18, 2008.
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101	Interactive data file containing the following financial statements formatted in XBRL (Extensible Business Reporting Language): (i) the Consolidated Balance Sheets at March 31, 2012 and December 31, 2011; (ii) the Consolidated Statements of Income for the three months ended March 31, 2012 and 2011; (iii) the Consolidated Statements of Comprehensive Income for the three months ended March 31, 2012 and 2011; (iv) the Consolidated Statements of Shareholders’ Equity for the three months ended March 31, 2012 and 2011; (v) the Consolidated Statements of Cash Flows for the three months ended March 31, 2012 and 2011; and, (vi) the Notes to Consolidated Financial Statements. As provided in Rule 406T of Regulation S-T, this interactive data file shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, and shall not be deemed “filed” or part of any registration statement or prospectus for purposes of Section 11 or 12 under the Securities Act of 1933, or otherwise subject to liability under those sections.

52

EX-31.1

Exhibit 31.1 – Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, R. Scott Smith, Jr., certify that:

1. I have reviewed this quarterly report on Form 10-Q of Fulton Financial Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	May 10, 2012
	/s/ R. Scott Smith, Jr.
	R. Scott Smith, Jr.
	Chairman and Chief Executive Officer

EX-31.2

Exhibit 31.2 – Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Charles J. Nugent, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Fulton Financial Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	May 10, 2012
	/s/ Charles J. Nugent
	Charles J. Nugent
	Senior Executive Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1 - Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

I, R. Scott Smith, Jr., Chief Executive Officer of Fulton Financial Corporation, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, certify that:

The Form 10-Q of Fulton Financial Corporation, containing the consolidated financial statements for the quarter ended March 31, 2012, fully complies with the requirements of Sections 13(a) or 15(d) of the Securities Exchange Act of 1934. The information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of Fulton Financial Corporation.

Date:	May 10, 2012
	/s/ R. Scott Smith, Jr.
	R. Scott Smith, Jr.
	Chairman and Chief Executive Officer

EX-32.2

Exhibit 32.2 - Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

I, Charles J. Nugent, Chief Financial Officer of Fulton Financial Corporation, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, certify that:

The Form 10-Q of Fulton Financial Corporation, containing the consolidated financial statements for the quarter ended March 31, 2012, fully complies with the requirements of Sections 13(a) or 15(d) of the Securities Exchange Act of 1934. The information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of Fulton Financial Corporation.

Date:	May 10, 2012
	/s/ Charles J. Nugent
	Charles J. Nugent
	Senior Executive Vice President and
	Chief Financial Officer

XML

Investment Securities Summary of Gains and Losses from Equity and Debt Securities, and Losses from Other-than-Temporary Impairment (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Gross Realized Gains	$ 1,251	$ 3,594
Gross Realized Losses	0	(18)
Other-than-temporary Impairment Losses	0	(1,291)
Net Gains (Losses)	1,251	2,285
Equity Securities [Member]
Gross Realized Gains	1,086	5
Gross Realized Losses	0	0
Other-than-temporary Impairment Losses	0	(297)
Net Gains (Losses)	1,086	(292)
Debt Securities [Member]
Gross Realized Gains	165	3,589
Gross Realized Losses	0	(18)
Other-than-temporary Impairment Losses	0	(994)
Net Gains (Losses)	$ 165	$ 2,577

XML

Loans and Allowance for Credit Losses Troubled Debt Restructuring Modification (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012 loans
Financing Receivable, Modifications [Line Items]
Number of Contracts	27
Recorded Investment	$ 19,924
QTD [Member]
Financing Receivable, Modifications [Line Items]
Recorded Investment of Loans modified as TDRs with a subsequent payment default	24
Number of Loans modified as TDRs with subsequent payment default	13,706
Construction - commercial residential [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	3
Recorded Investment	6,365
Construction - commercial residential [Member] | QTD [Member]
Financing Receivable, Modifications [Line Items]
Recorded Investment of Loans modified as TDRs with a subsequent payment default	3
Number of Loans modified as TDRs with subsequent payment default	7,550
Real-estate commercial mortage [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	4
Recorded Investment	5,669
Real-estate commercial mortage [Member] | QTD [Member]
Financing Receivable, Modifications [Line Items]
Recorded Investment of Loans modified as TDRs with a subsequent payment default	9
Number of Loans modified as TDRs with subsequent payment default	4,088
Real-estate - residential mortgage [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	13
Recorded Investment	4,679
Real-estate - residential mortgage [Member] | QTD [Member]
Financing Receivable, Modifications [Line Items]
Recorded Investment of Loans modified as TDRs with a subsequent payment default	8
Number of Loans modified as TDRs with subsequent payment default	1,714
Commercial - secured [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	5
Recorded Investment	3,040
Commercial - secured [Member] | QTD [Member]
Financing Receivable, Modifications [Line Items]
Recorded Investment of Loans modified as TDRs with a subsequent payment default	2
Number of Loans modified as TDRs with subsequent payment default	115
Real-estate - home equity [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	2
Recorded Investment	171
Real-estate - home equity [Member] | QTD [Member]
Financing Receivable, Modifications [Line Items]
Recorded Investment of Loans modified as TDRs with a subsequent payment default	2
Number of Loans modified as TDRs with subsequent payment default	$ 239

XML

Loans and Allowance for Credit Losses Present Loans, Net of Unearned Income and Their Related Allowance for Loan Losses, by Portfolio Segment (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012		Dec. 31, 2011	Mar. 31, 2011		Dec. 31, 2010
Allowance for loan losses measured for impairment under FASB ASC Subtopic 450-20	$ 159,190			$ 164,240
Allowance for loan losses measured for impairment under FASB ASC Section 310-10-35	97,306			106,032
Allowance for loan losses	256,496		256,471	270,272		274,271
Loans, net of unearned income, measured for impairment under FASB ASC Subtopic 450-20	11,656,188			11,347,579
Loans, net of unearned income, measured for impairment under FASB ASC Subtopic 310-10-35	301,412			525,629
Loans, net of unearned income	11,957,600		11,968,970	11,873,208
Real-estate commercial mortage [Member]
Allowance for loan losses measured for impairment under FASB ASC Subtopic 450-20	50,619			26,327
Allowance for loan losses measured for impairment under FASB ASC Section 310-10-35	31,033			22,231
Allowance for loan losses	81,652		85,112	48,558		40,831
Loans, net of unearned income, measured for impairment under FASB ASC Subtopic 450-20	4,523,691			4,224,868
Loans, net of unearned income, measured for impairment under FASB ASC Subtopic 310-10-35	110,737			167,811
Loans, net of unearned income	4,634,428			4,392,679
Commercial - industrial, financial, and agricultural
Allowance for loan losses measured for impairment under FASB ASC Subtopic 450-20	47,484			36,709
Allowance for loan losses measured for impairment under FASB ASC Section 310-10-35	32,272			63,471
Allowance for loan losses	79,756		74,896	100,180		101,436
Loans, net of unearned income, measured for impairment under FASB ASC Subtopic 450-20	3,441,018			3,472,225
Loans, net of unearned income, measured for impairment under FASB ASC Subtopic 310-10-35	77,210			220,443
Loans, net of unearned income	3,518,228			3,692,668
Real-estate - home equity [Member]
Allowance for loan losses measured for impairment under FASB ASC Subtopic 450-20	9,549			5,656
Allowance for loan losses measured for impairment under FASB ASC Section 310-10-35	3,534			0
Allowance for loan losses	13,083		12,841	5,656		6,454
Loans, net of unearned income, measured for impairment under FASB ASC Subtopic 450-20	1,595,522			1,620,340
Loans, net of unearned income, measured for impairment under FASB ASC Subtopic 310-10-35	6,358			0
Loans, net of unearned income	1,601,880			1,620,340
Real-estate - residential mortgage [Member]
Allowance for loan losses measured for impairment under FASB ASC Subtopic 450-20	8,045			15,288
Allowance for loan losses measured for impairment under FASB ASC Section 310-10-35	16,806			4,287
Allowance for loan losses	24,851		22,986	19,575		17,425
Loans, net of unearned income, measured for impairment under FASB ASC Subtopic 450-20	1,136,199			1,003,323
Loans, net of unearned income, measured for impairment under FASB ASC Subtopic 310-10-35	40,748			18,928
Loans, net of unearned income	1,176,947			1,022,251
Real-estate - construction
Allowance for loan losses measured for impairment under FASB ASC Subtopic 450-20	17,551			39,448
Allowance for loan losses measured for impairment under FASB ASC Section 310-10-35	13,635			16,043
Allowance for loan losses	31,186		30,066	55,491		58,117
Loans, net of unearned income, measured for impairment under FASB ASC Subtopic 450-20	581,381			629,359
Loans, net of unearned income, measured for impairment under FASB ASC Subtopic 310-10-35	66,319			118,447
Loans, net of unearned income	647,700			747,806
Consumer
Allowance for loan losses measured for impairment under FASB ASC Subtopic 450-20	1,638			4,736
Allowance for loan losses measured for impairment under FASB ASC Section 310-10-35	5			0
Allowance for loan losses	1,643		2,083	4,736		4,669
Loans, net of unearned income, measured for impairment under FASB ASC Subtopic 450-20	308,487			337,413
Loans, net of unearned income, measured for impairment under FASB ASC Subtopic 310-10-35	8			0
Loans, net of unearned income	308,495			337,413
Leasing and other and overdrafts [Member]
Allowance for loan losses measured for impairment under FASB ASC Subtopic 450-20	3,253			2,576
Allowance for loan losses measured for impairment under FASB ASC Section 310-10-35	21			0
Allowance for loan losses	3,274		2,397	2,576		3,840
Loans, net of unearned income, measured for impairment under FASB ASC Subtopic 450-20	69,890			60,051
Loans, net of unearned income, measured for impairment under FASB ASC Subtopic 310-10-35	32			0
Loans, net of unearned income	69,922			60,051
Unallocated
Allowance for loan losses measured for impairment under FASB ASC Subtopic 450-20	21,051	[1]		33,500	[1]
Allowance for loan losses	$ 21,051	[1]	$ 26,090	$ 33,500	[1]	$ 41,499

[1] The Corporation’s unallocated allowance, which was approximately 8% and 12% as of March 31, 2012 and 2011, respectively, was reasonable and appropriate as the estimates used in the allocation process are inherently imprecise.

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Loans and Allowance for Credit Losses Past Due Loan Status and Non-Accrual Loans by Portfolio Segment (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011	Mar. 31, 2011
31-59 Days Past Due	$ 59,044	$ 62,810
60-89 Days Past Due	26,367	43,583
>90 Days Past Due and Accruing	35,270	28,767
Non-accrual	248,719	257,761
Total >90 Days	283,989	286,528
Total Past Due	369,400	392,921
Current	11,588,200	11,576,049
Total	11,957,600	11,968,970	11,873,208
Commercial - industrial, financial, and agricultural
31-59 Days Past Due	7,238	9,955
60-89 Days Past Due	5,181	5,013
>90 Days Past Due and Accruing	6,272	5,240
Non-accrual	76,612	75,704
Total >90 Days	82,884	80,944
Total Past Due	95,303	95,912
Current	3,422,925	3,543,456
Total	3,518,228	3,639,368
Real-estate commercial mortage [Member]
31-59 Days Past Due	13,925	11,167
60-89 Days Past Due	5,796	14,437
>90 Days Past Due and Accruing	5,564	4,394
Non-accrual	98,512	109,412
Total >90 Days	104,076	113,806
Total Past Due	123,797	139,410
Current	4,510,631	4,463,186
Total	4,634,428	4,602,596
Commercial - secured [Member]
31-59 Days Past Due	6,739	9,284
60-89 Days Past Due	4,712	4,498
>90 Days Past Due and Accruing	6,202	4,831
Non-accrual	73,687	73,048
Total >90 Days	79,889	77,879
Total Past Due	91,340	91,661
Current	3,204,305	3,301,899
Total	3,295,645	3,393,560
Commercial - unsecured [Member]
31-59 Days Past Due	499	671
60-89 Days Past Due	469	515
>90 Days Past Due and Accruing	70	409
Non-accrual	2,925	2,656
Total >90 Days	2,995	3,065
Total Past Due	3,963	4,251
Current	218,620	241,557
Total	222,583	245,808
Real-estate - home equity [Member]
31-59 Days Past Due	8,826	7,439
60-89 Days Past Due	2,966	4,194
>90 Days Past Due and Accruing	5,167	5,714
Non-accrual	5,747	5,493
Total >90 Days	10,914	11,207
Total Past Due	22,706	22,840
Current	1,579,174	1,601,722
Total	1,601,880	1,624,562
Real-estate - residential mortgage [Member]
31-59 Days Past Due	22,838	23,877
60-89 Days Past Due	9,698	13,246
>90 Days Past Due and Accruing	15,274	8,502
Non-accrual	7,742	7,834
Total >90 Days	23,016	16,336
Total Past Due	55,552	53,459
Current	1,121,395	1,043,733
Total	1,176,947	1,097,192
Real-estate - construction
31-59 Days Past Due	2,500	4,744
60-89 Days Past Due	1,150	4,824
>90 Days Past Due and Accruing	210	1,850
Non-accrual	59,707	58,894
Total >90 Days	59,917	60,744
Total Past Due	63,567	70,312
Current	584,133	545,133
Total	647,700	615,445
Construction - commercial residential [Member]
31-59 Days Past Due	2,329	2,372
60-89 Days Past Due	478	4,824
>90 Days Past Due and Accruing	0	1,656
Non-accrual	52,372	53,420
Total >90 Days	52,372	55,076
Total Past Due	55,179	62,272
Current	301,431	290,665
Total	356,610	352,937
Construction - commercial [Member]
31-59 Days Past Due	0	31
60-89 Days Past Due	0	0
>90 Days Past Due and Accruing	128	128
Non-accrual	6,163	4,347
Total >90 Days	6,291	4,475
Total Past Due	6,291	4,506
Current	228,278	204,875
Total	234,569	209,381
Construction other [Member]
31-59 Days Past Due	171	2,341
60-89 Days Past Due	672	0
>90 Days Past Due and Accruing	82	66
Non-accrual	1,172	1,127
Total >90 Days	1,254	1,193
Total Past Due	2,097	3,534
Current	54,424	49,593
Total	56,521	53,127
Total Consumer
31-59 Days Past Due	3,329	4,703
60-89 Days Past Due	1,487	1,745
>90 Days Past Due and Accruing	2,468	3,016
Non-accrual	366	368
Total >90 Days	2,834	3,384
Total Past Due	7,650	9,832
Current	300,845	308,269
Total	308,495	318,101
Consumer - direct [Member]
31-59 Days Past Due	377	455
60-89 Days Past Due	128	202
>90 Days Past Due and Accruing	41	150
Non-accrual	366	368
Total >90 Days	407	518
Total Past Due	912	1,175
Current	31,529	34,263
Total	32,441	35,438
Consumer - Indirect [Member]
31-59 Days Past Due	1,211	1,997
60-89 Days Past Due	307	440
>90 Days Past Due and Accruing	81	183
Non-accrual	0	0
Total >90 Days	81	183
Total Past Due	1,599	2,620
Current	146,798	151,112
Total	148,397	153,732
Consumer Other [Member]
31-59 Days Past Due	1,741	2,251
60-89 Days Past Due	1,052	1,103
>90 Days Past Due and Accruing	2,346	2,683
Non-accrual	0	0
Total >90 Days	2,346	2,683
Total Past Due	5,139	6,037
Current	122,518	122,894
Total	127,657	128,931
Leasing and other and overdrafts [Member]
31-59 Days Past Due	388	925
60-89 Days Past Due	89	124
>90 Days Past Due and Accruing	315	51
Non-accrual	33	56
Total >90 Days	348	107
Total Past Due	825	1,156
Current	69,097	70,550
Total	$ 69,922	$ 71,706

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Loans and Allowance for Credit Losses Activity in the Allowance for Credit Losses (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Allowance for Loan and Lease Losses [Roll Forward]
Balance at beginning of period	$ 258,177	$ 275,498
Loans charged off	(30,259)	(45,529)
Recoveries of loans previously charged off	2,219	3,187
Net loans charged off	(28,040)	(42,342)
Provision for credit losses	28,000	38,000
Balance at end of period	$ 258,137	$ 271,156

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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2012

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Following is a summary of the Corporation’s assets and liabilities measured at fair value on a recurring basis and reported on the consolidated balance sheets:

	March 31, 2012
	Level 1		Level 2		Level 3		Total
	(in thousands)
Mortgage loans held for sale	$	—	$	70,128	$	—	$	70,128
Available for sale investment securities:
Equity securities	33,430		—		—		33,430
U.S. Government securities	—		330		—		330
U.S. Government sponsored agency securities	—		4,050		—		4,050
State and municipal securities	—		310,632		—		310,632
Corporate debt securities	—		118,158		9,422		127,580
Collateralized mortgage obligations	—		1,096,585		—		1,096,585
Mortgage-backed securities	—		1,206,626		—		1,206,626
Auction rate securities	—		—		223,877		223,877
Total available for sale investments	33,430		2,736,381		233,299		3,003,110
Other financial assets	14,382		5,450		—		19,832
Total assets	$	47,812	$	2,811,959	$	233,299	$	3,093,070
Other financial liabilities	$	14,382	$	128	$	—	$	14,510

	December 31, 2011
	Level 1		Level 2		Level 3		Total
	(in thousands)
Mortgage loans held for sale	$	—	$	47,009	$	—	$	47,009
Available for sale investment securities:
Equity securities	34,586		—		—		34,586
U.S. Government securities	—		334		—		334
U.S. Government sponsored agency securities	—		4,073		—		4,073
State and municipal securities	—		322,018		—		322,018
Corporate debt securities	—		114,017		9,289		123,306
Collateralized mortgage obligations	—		1,001,209		—		1,001,209
Mortgage-backed securities	—		880,097		—		880,097
Auction rate securities	—		—		225,211		225,211
Total available for sale investments	34,586		2,321,748		234,500		2,590,834
Other financial assets	13,130		3,901		—		17,031
Total assets	$	47,716	$	2,372,658	$	234,500	$	2,654,874
Other financial liabilities	$	13,130	$	2,734	$	—	$	15,864

Schedule of Changes in Assets and Liabilities Measured at Fair Value on a Recurring Basis using Level 3 Inputs

above.

The following tables present the changes in the Corporation’s assets and liabilities measured at fair value on a recurring basis using unobservable inputs (Level 3) for the three months ended March 31, 2012 and 2011:

	2012
	Available for Sale Investment Securities
	Pooled Trust Preferred Securities			Single-issuer Trust Preferred Securities			ARC Investments
	(in thousands)
Balance at December 31, 2011	$	5,109		$	4,180		$	225,211
Unrealized adjustment to fair value (1)	177			178			(2,164		)
Settlements - calls	(223		)	—			(317		)
(Premium amortization) discount accretion (2)	(1		)	2			1,147
Balance at March 31, 2012	$	5,062		$	4,360		$	223,877
	2011
Balance at December 31, 2010	$	4,528		$	8,583		$	260,679
Transfer from Level 3 to Level 2 (3)	—			(800		)
Realized adjustment to fair value (4)	(994		)	—			—
Unrealized adjustment to fair value (1)	1,430			312			77
Settlement - calls	(147		)	—			(5,523		)
(Premium amortization) discount accretion (2)	(1		)	(1		)	1,180
Balance at March 31, 2011	$	4,816		$	8,094		$	256,413

(1) Pooled trust preferred securities, single-issuer trust preferred securities and ARCs are classified as available for sale investment securities; as such, the unrealized adjustment to fair value was recorded as an unrealized holding gain (loss) and included as a component of available for sale investment securities on the consolidated balance sheet.

(2) Included as a component of net interest income on the consolidated statements of income.

(3) During the three months ended March 31, 2011, one single-issuer trust preferred security with a fair value of $800,000 was reclassified as a Level 2 asset.

(4) Realized adjustments to fair value represent credit related other-than-temporary impairment charges that were recorded as a reduction to investment securities gains on the consolidated statements of income.

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

Certain financial assets are not measured at fair value on an ongoing basis but are subject to fair value measurement in certain circumstances, such as upon their acquisition or when there is evidence of impairment. The following tables present the Corporation’s financial assets measured at fair value on a nonrecurring basis and reported on the Corporation’s consolidated balance sheets:

	March 31, 2012
	Level 1		Level 2		Level 3		Total
	(in thousands)
Net loans	$	—	$	—	$	204,106	$	204,106
Other financial assets	—		—		67,225		67,225
Total assets	$	—	$	—	$	271,331	$	271,331

	December 31, 2011
	Level 1		Level 2		Level 3		Total
	(in thousands)
Net loans	$	—	$	—	$	216,812	$	216,812
Other financial assets	—		—		63,919		63,919
Total assets	$	—	$	—	$	280,731	$	280,731

Details of Book Value and Fair Value of Financial Instruments

As required by FASB ASC Section 825-10-50, the following table details the book values and estimated fair values of the Corporation’s financial instruments as of March 31, 2012 and December 31, 2011. In addition, a general description of the methods and assumptions used to estimate such fair values is also provided.

Fair values of financial instruments are significantly affected by assumptions used, principally the timing of future cash flows and discount rates. Because assumptions are inherently subjective in nature, the estimated fair values cannot be substantiated by comparison to independent market quotes and, in many cases, the estimated fair values could not necessarily be realized in an immediate sale or settlement of the instrument. The aggregate fair value amounts presented do not necessarily represent management’s estimate of the underlying value of the Corporation.

	March 31, 2012				December 31, 2011
	Book Value		Estimated Fair Value		Book Value		Estimated Fair Value
	(in thousands)
FINANCIAL ASSETS
Cash and due from banks	$	286,875	$	286,875	$	292,598	$	292,598
Interest-bearing deposits with other banks	106,227		106,227		175,336		175,336
Loans held for sale (1)	70,128		70,128		47,009		47,009
Securities held to maturity	6,608		6,626		6,669		6,699
Securities available for sale (1)	3,082,799		3,082,799		2,673,298		2,673,298
Loans, net of unearned income (1)	11,957,600		11,793,170		11,968,970		11,992,586
Accrued interest receivable	51,247		51,247		51,098		51,098
Other financial assets (1)	138,327		138,327		315,952		315,952
FINANCIAL LIABILITIES
Demand and savings deposits	$	8,464,151	$	8,464,151	$	8,511,789	$	8,511,789
Time deposits	3,876,571		3,917,020		4,013,950		4,056,247
Short-term borrowings	964,550		964,550		597,033		597,033
Accrued interest payable	27,674		27,674		25,686		25,686
Other financial liabilities (1)	122,118		122,118		69,816		69,816
Federal Home Loan Bank advances and long-term debt	933,981		876,401		1,040,149		982,010

(1) Description of fair value determinations for these financial instruments, or certain financial instruments within these categories, measured at fair value on the Corporation’s consolidated balance sheets, are disclosed above.

Schedule of Financial Instruments Classified as Predominantly Short-Term Instruments

The following instruments are predominantly short-term:

Assets	Liabilities
Cash and due from banks	Demand and savings deposits
Interest bearing deposits	Short-term borrowings
Federal funds sold	Accrued interest payable
Accrued interest receivable	Other financial liabilities

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Mortgage Servicing Rights Summary of Changes in Mortgage Servicing Rights (Details) (Residential Mortgage [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Residential Mortgage [Member]
Amortized Cost:
Balance at beginning of period	$ 34,666	$ 30,700
Originations of mortgage servicing rights	2,778	2,658
Amortization expense	(2,185)	(1,298)
Balance at end of period	35,259	32,060
Valuation Allowance:
Valuation Allowance	(1,550)	(1,550)
Net MSRs at end of period	$ 33,709	$ 30,510

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Investment Securities (Tables)

3 Months Ended

Mar. 31, 2012

Investments, Debt and Equity Securities [Abstract]

Schedule of Amortized Cost and Fair Values of Investment Securities

The following tables present the amortized cost and estimated fair values of investment securities:

Held to Maturity at March 31, 2012	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(in thousands)
U.S. Government sponsored agency securities	$	6,001	$	—	$	(21	)	$	5,980
State and municipal securities	179		—		—			179
Mortgage-backed securities	428		39		—			467
	$	6,608	$	39	$	(21	)	$	6,626
Available for Sale at March 31, 2012
Equity securities	$	110,336	$	3,811	$	(1,028	)	$	113,119
U.S. Government securities	330		—		—			330
U.S. Government sponsored agency securities	3,980		71		(1		)	4,050
State and municipal securities	296,231		14,437		(36		)	310,632
Corporate debt securities	132,686		6,235		(11,341		)	127,580
Collateralized mortgage obligations	1,077,326		19,678		(419		)	1,096,585
Mortgage-backed securities	1,174,146		33,126		(646		)	1,206,626
Auction rate securities	241,682		151		(17,956		)	223,877
	$	3,036,717	$	77,509	$	(31,427	)	$	3,082,799

Held to Maturity at December 31, 2011	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(in thousands)
U.S. Government sponsored agency securities	$	5,987	$	—	$	(14	)	$	5,973
State and municipal securities	179		—		—			179
Mortgage-backed securities	503		44		—			547
	$	6,669	$	44	$	(14	)	$	6,699
Available for Sale at December 31, 2011
Equity securities	$	117,486	$	2,383	$	(2,819	)	$	117,050
U.S. Government securities	334		—		—			334
U.S. Government sponsored agency securities	3,987		87		(1		)	4,073
State and municipal securities	306,186		15,832		—			322,018
Corporate debt securities	132,855		4,979		(14,528		)	123,306
Collateralized mortgage obligations	982,851		19,186		(828		)	1,001,209
Mortgage-backed securities	848,675		31,837		(415		)	880,097
Auction rate securities	240,852		120		(15,761		)	225,211
	$	2,633,226	$	74,424	$	(34,352	)	$	2,673,298

Schedule of Amortized Cost and Fair Values of Debt Securities by Contractual Maturities

The amortized cost and estimated fair values of debt securities as of March 31, 2012, by contractual maturity, are shown in the following table. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Held to Maturity				Available for Sale
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
	(in thousands)
Due in one year or less	$	179	$	179	$	55,804	$	56,063
Due from one year to five years	6,001		5,980		42,008		43,985
Due from five years to ten years	—		—		151,445		162,134
Due after ten years	—		—		425,652		404,287
	6,180		6,159		674,909		666,469
Collateralized mortgage obligations	—		—		1,077,326		1,096,585
Mortgage-backed securities	428		467		1,174,146		1,206,626
	$	6,608	$	6,626	$	2,926,381	$	2,969,680

Summary of Gains and Losses from Equity and Debt Securities, and Losses Recognized from Other-than-Temporary Impairment

The following table presents information related to the Corporation’s gains and losses on the sales of equity and debt securities, and losses recognized for the other-than-temporary impairment of investments:

	Gross Realized Gains		Gross Realized Losses			Other-than- temporary Impairment Losses			Net Gains (Losses)
	(in thousands)
Three months ended March 31, 2012
Equity securities	$	1,086	$	—		$	—		$	1,086
Debt securities	165		—			—			165
Total	$	1,251	$	—		$	—		$	1,251
Three months ended March 31, 2011:
Equity securities	$	5	$	—		$	(297	)	$	(292	)
Debt securities	3,589		(18		)	(994		)	2,577
Total	$	3,594	$	(18	)	$	(1,291	)	$	2,285

Summary of Cumulative Other-than-Temporary Impairment Charges Recognized in Earnings for Pooled Trust Preferred Securities Held

The following table presents a summary of the cumulative credit related other-than-temporary impairment charges, recognized as components of earnings, for debt securities still held by the Corporation at March 31, 2012 and 2011:

	2012			2011
	(in thousands)
Balance of cumulative credit losses on debt securities, beginning of period	$	(22,781	)	$	(27,560	)
Additions for credit losses recorded which were not previously recognized as components of earnings	—			(994		)
Reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security	89			37
Balance of cumulative credit losses on debt securities, end of period	$	(22,692	)	$	(28,517	)

Gross Unrealized Losses and Fair Values of Investments by Category and Length of Time in Continuous Unrealized Loss Position

The following table presents the gross unrealized losses and estimated fair values of investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2012:

	Less than 12 months					12 months or longer					Total
	Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses
	(in thousands)
U.S. Government sponsored agency securities	$	197	$	(1	)	$	5,379	$	(21	)	$	5,576	$	(22	)
State and municipal securities	1,676		(36		)	—		—			1,676		(36		)
Corporate debt securities	9,503		(1,660		)	37,877		(9,681		)	47,380		(11,341		)
Collateralized mortgage obligations	161,795		(419		)	—		—			161,795		(419		)
Mortgage-backed securities	201,971		(646		)	—		—			201,971		(646		)
Auction rate securities	14,574		(623		)	193,699		(17,333		)	208,273		(17,956		)
Total debt securities	389,716		(3,385		)	236,955		(27,035		)	626,671		(30,420		)
Equity securities	8,424		(761		)	1,914		(267		)	10,338		(1,028		)
	$	398,140	$	(4,146	)	$	238,869	$	(27,302	)	$	637,009	$	(31,448	)

Summary of Amortized Cost and Fair Values of Corporate Debt Securities

The following table presents the amortized cost and estimated fair values of corporate debt securities:

	March 31, 2012				December 31, 2011
	Amortized cost		Estimated fair value		Amortized cost		Estimated fair value
	(in thousands)
Single-issuer trust preferred securities	$	83,935	$	77,625	$	83,899	$	74,365
Subordinated debt	40,211		42,357		40,184		41,296
Pooled trust preferred securities	6,004		5,062		6,236		5,109
Corporate debt securities issued by financial institutions	130,150		125,044		130,319		120,770
Other corporate debt securities	2,536		2,536		2,536		2,536
Available for sale corporate debt securities	$	132,686	$	127,580	$	132,855	$	123,306

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Loans and Allowance for Credit Losses Credit Quality Indicators (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	$ 11,964,454	$ 11,975,964
Commercial Loans, Commercial Mortgages, Constructions Loans [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	8,743,835	8,804,282
Percentage of total loans rated	100.00%	100.00%
Real-estate commercial mortage [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	4,634,428	4,602,596
Commercial - industrial, financial, and agricultural
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	3,518,228	3,639,368
Commercial - Secured [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	3,295,645	3,393,559
Commercial - Unsecured [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	222,583	245,809
Construction, Excluding Contstruction Other [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	591,179	562,318
Construction - Commercial Residential [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	356,610	352,938
Construction - Commercial [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	234,569	209,380
Pass [Member] | Commercial Loans, Commercial Mortgages, Constructions Loans [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	7,591,253	7,669,777
Percentage of total loans rated	86.80%	87.10%
Pass [Member] | Real-estate commercial mortage [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	4,127,388	4,099,103
Pass [Member] | Commercial - industrial, financial, and agricultural
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	3,085,250	3,208,919
Pass [Member] | Commercial - Secured [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	2,877,106	2,977,957
Pass [Member] | Commercial - Unsecured [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	208,144	230,962
Pass [Member] | Construction, Excluding Contstruction Other [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	378,615	361,755
Pass [Member] | Construction - Commercial Residential [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	167,038	175,706
Pass [Member] | Construction - Commercial [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	211,577	186,049
Special Mention [Member] | Commercial Loans, Commercial Mortgages, Constructions Loans [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	385,761	391,465
Percentage of total loans rated	4.40%	4.50%
Special Mention [Member] | Real-estate commercial mortage [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	169,227	160,935
Special Mention [Member] | Commercial - industrial, financial, and agricultural
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	163,500	172,654
Special Mention [Member] | Commercial - Secured [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	160,129	166,588
Special Mention [Member] | Commercial - Unsecured [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	3,371	6,066
Special Mention [Member] | Construction, Excluding Contstruction Other [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	53,034	57,876
Special Mention [Member] | Construction - Commercial Residential [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	48,350	50,854
Special Mention [Member] | Construction - Commercial [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	4,684	7,022
Substandard [Member] | Commercial Loans, Commercial Mortgages, Constructions Loans [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	766,821	743,040
Percentage of total loans rated	8.80%	8.40%
Substandard [Member] | Real-estate commercial mortage [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	337,813	342,558
Substandard [Member] | Commercial - industrial, financial, and agricultural
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	269,478	257,795
Substandard [Member] | Commercial - Secured [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	258,410	249,014
Substandard [Member] | Commercial - Unsecured [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	11,068	8,781
Substandard [Member] | Construction, Excluding Contstruction Other [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	159,530	142,687
Substandard [Member] | Construction - Commercial Residential [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	141,222	126,378
Substandard [Member] | Construction - Commercial [Member]
Internal risk ratings for loans by segment [Line Items]
Loans, gross of unearned income	$ 18,308	$ 16,309

XML

Investment Securities Summary of Amortized Cost and Fair Values of Corporate Debt Securities (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Available-for-sale Securities, Debt Securities	$ 2,969,680
Corporate Debt Securities Issued by Financial Institutions [Member]
Available-for-sale Debt Securities, Amortized Cost Basis	130,150	130,319
Available-for-sale Securities, Debt Securities	125,044	120,770
Single-issuer Trust Preferred Securities [Member]
Available-for-sale Debt Securities, Amortized Cost Basis	83,935	83,899
Available-for-sale Securities, Debt Securities	77,625	74,365
Subordinated Debt [Member]
Available-for-sale Debt Securities, Amortized Cost Basis	40,211	40,184
Available-for-sale Securities, Debt Securities	42,357	41,296
Pooled Trust Preferred Securities [Member]
Available-for-sale Debt Securities, Amortized Cost Basis	6,004	6,236
Available-for-sale Securities, Debt Securities	5,062	5,109
Other Corporate Debt Securities [Member]
Available-for-sale Debt Securities, Amortized Cost Basis	2,536	2,536
Available-for-sale Securities, Debt Securities	2,536	2,536
Corporate Debt Securities [Member]
Available-for-sale Debt Securities, Amortized Cost Basis	132,686	132,855
Available-for-sale Securities, Debt Securities	$ 127,580	$ 123,306

XML

Investment Securities Schedule of Amortized Cost and Fair Values of Investment Securities (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Statement [Line Items]
Held-to-maturity Securities	$ 6,608	$ 6,669
Held-to-maturity Securities, Unrecognized Holding Gain	39	44
Held-to-maturity Securities, Unrecognized Holding Loss	(21)	(14)
Held-to-maturity Securities, Fair Value	6,626	6,699
Available-for-sale Securities, Amortized Cost Basis	3,036,717	2,633,226
Available-for-sale Securities, Gross Unrealized Gains	77,509	74,424
Available-for-sale Securities, Gross Unrealized Losses	(31,427)	(34,352)
Available-for-sale Securities	3,082,799	2,673,298
Equity Securities [Member]
Statement [Line Items]
Available-for-sale Securities, Amortized Cost Basis	110,336	117,486
Available-for-sale Securities, Gross Unrealized Gains	3,811	2,383
Available-for-sale Securities, Gross Unrealized Losses	(1,028)	(2,819)
Available-for-sale Securities	113,119	117,050
U.S. Government Securities [Member]
Statement [Line Items]
Available-for-sale Securities, Amortized Cost Basis	330	334
Available-for-sale Securities, Gross Unrealized Gains	0	0
Available-for-sale Securities, Gross Unrealized Losses	0	0
Available-for-sale Securities	330	334
U.S. Government-Sponsored Agency Securities [Member]
Statement [Line Items]
Available-for-sale Securities, Amortized Cost Basis	3,980	3,987
Available-for-sale Securities, Gross Unrealized Gains	71	87
Available-for-sale Securities, Gross Unrealized Losses	(1)	(1)
Available-for-sale Securities	4,050	4,073
State and Municipal Securities [Member]
Statement [Line Items]
Available-for-sale Securities, Amortized Cost Basis	296,231	306,186
Available-for-sale Securities, Gross Unrealized Gains	14,437	15,832
Available-for-sale Securities, Gross Unrealized Losses	(36)	0
Available-for-sale Securities	310,632	322,018
Corporate Debt Securities [Member]
Statement [Line Items]
Available-for-sale Securities, Amortized Cost Basis	132,686	132,855
Available-for-sale Securities, Gross Unrealized Gains	6,235	4,979
Available-for-sale Securities, Gross Unrealized Losses	(11,341)	(14,528)
Available-for-sale Securities	127,580	123,306
Collateralized Mortgage Obligations [Member]
Statement [Line Items]
Available-for-sale Securities, Amortized Cost Basis	1,077,326	982,851
Available-for-sale Securities, Gross Unrealized Gains	19,678	19,186
Available-for-sale Securities, Gross Unrealized Losses	(419)	(828)
Available-for-sale Securities	1,096,585	1,001,209
Mortgage-Backed Securities [Member]
Statement [Line Items]
Available-for-sale Securities, Amortized Cost Basis	1,174,146	848,675
Available-for-sale Securities, Gross Unrealized Gains	33,126	31,837
Available-for-sale Securities, Gross Unrealized Losses	(646)	(415)
Available-for-sale Securities	1,206,626	880,097
Auction Rate Securities [Member]
Statement [Line Items]
Available-for-sale Securities, Amortized Cost Basis	241,682	240,852
Available-for-sale Securities, Gross Unrealized Gains	151	120
Available-for-sale Securities, Gross Unrealized Losses	(17,956)	(15,761)
Available-for-sale Securities	223,877	225,211
U.S. Government-Sponsored Agency Securities [Member]
Statement [Line Items]
Held-to-maturity Securities	6,001	5,987
Held-to-maturity Securities, Unrecognized Holding Gain	0	0
Held-to-maturity Securities, Unrecognized Holding Loss	(21)	(14)
Held-to-maturity Securities, Fair Value	5,980	5,973
State and Municipal Securities [Member]
Statement [Line Items]
Held-to-maturity Securities	179	179
Held-to-maturity Securities, Unrecognized Holding Gain	0	0
Held-to-maturity Securities, Unrecognized Holding Loss	0	0
Held-to-maturity Securities, Fair Value	179	179
Mortgage-Backed Securities [Member]
Statement [Line Items]
Held-to-maturity Securities	428	503
Held-to-maturity Securities, Unrecognized Holding Gain	39	44
Held-to-maturity Securities, Unrecognized Holding Loss	0	0
Held-to-maturity Securities, Fair Value	$ 467	$ 547

XML

Loans and Allowance for Credit Losses Non-Performing Assets (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Receivables [Abstract]
Non-accrual loans	$ 248,719	$ 257,761
Accruing loans greater than 90 days past due	35,270	28,767
Total non-performing loans	283,989	286,528
Other real estate owned (OREO)	33,516	30,803
Total non-performing assets	$ 317,505	$ 317,331

XML

Fair Value Measurements Assets Measured at Fair Value on a Nonrecurring Basis (Details) (Fair Value, Measurements, Nonrecurring [Member], USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Level 1 [Member]
Net loans	$ 0	$ 0
Other Assets, Fair Value Disclosure	0	0
Level 1 [Member] | Other Assets [Member]
Other Finanical Assets, Fair Value Disclosure	0	0
Level 2 [Member]
Net loans	0	0
Other Assets, Fair Value Disclosure	0	0
Level 2 [Member] | Other Assets [Member]
Other Finanical Assets, Fair Value Disclosure	0	0
Level 3 [Member]
Net loans	204,106	216,812
Other Assets, Fair Value Disclosure	271,331	280,731
Level 3 [Member] | Other Assets [Member]
Other Finanical Assets, Fair Value Disclosure	67,225	63,919
Total [Member]
Net loans	204,106	216,812
Other Assets, Fair Value Disclosure	271,331	280,731
Total [Member] | Other Assets [Member]
Other Finanical Assets, Fair Value Disclosure	$ 67,225	$ 63,919

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Derivative Financial Instruments Notional Amounts and Fair Values of Derivative Financial Instruments (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Asset (Liability) Fair Value	$ 5,322	$ 1,167
Interest Rate Lock Commitments [Member]
Asset (Liability) Fair Value	4,687	3,878
Interest Rate Lock Commitments [Member] | Positive Fair Values [Member]
Notional Amount	348,992	181,583
Asset, Fair Value	4,717	3,888
Interest Rate Lock Commitments [Member] | Negative Fair Values [Member]
Notional Amount	3,968	1,593
Liability, Fair Value	(30)	(10)
Forward Commitments [Member]
Asset (Liability) Fair Value	635	(2,711)
Forward Commitments [Member] | Positive Fair Values [Member]
Notional Amount	307,865	3,178
Asset, Fair Value	733	13
Forward Commitments [Member] | Negative Fair Values [Member]
Notional Amount	46,956	173,208
Liability, Fair Value	$ (98)	$ (2,724)

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Loans and Allowance for Credit Losses Allowance for Loan Losses by Portfolio Segment (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012		Mar. 31, 2011
Beginning Balance	$ 256,471		$ 274,271
Loans charged off	(30,259)		(45,529)
Recoveries of loans previously charged off	2,219		3,187
Net loans charged off	(28,040)		(42,342)
Provision for loan losses	28,065	[1]	38,343	[1]
Ending Balance	256,496		270,272
Real-estate commercial mortage [Member]
Beginning Balance	85,112		40,831
Loans charged off	(11,891)		(10,047)
Recoveries of loans previously charged off	816		1,535
Net loans charged off	(11,075)		(8,512)
Provision for loan losses	7,615	[1]	16,239	[1]
Ending Balance	81,652		48,558
Commercial - industrial, financial, and agricultural
Beginning Balance	74,896		101,436
Loans charged off	(5,669)		(13,336)
Recoveries of loans previously charged off	636		391
Net loans charged off	(5,033)		(12,945)
Provision for loan losses	9,893	[1]	11,689	[1]
Ending Balance	79,756		100,180
Real-estate - home equity [Member]
Beginning Balance	12,841		6,454
Loans charged off	(2,206)		(1,468)
Recoveries of loans previously charged off	20		1
Net loans charged off	(2,186)		(1,467)
Provision for loan losses	2,428	[1]	669	[1]
Ending Balance	13,083		5,656
Real-estate - residential mortgage [Member]
Beginning Balance	22,986		17,425
Loans charged off	(847)		(4,996)
Recoveries of loans previously charged off	73		44
Net loans charged off	(774)		(4,952)
Provision for loan losses	2,639	[1]	7,102	[1]
Ending Balance	24,851		19,575
Real-estate - construction
Beginning Balance	30,066		58,117
Loans charged off	(8,571)		(13,894)
Recoveries of loans previously charged off	64		563
Net loans charged off	(8,507)		(13,331)
Provision for loan losses	9,627	[1]	10,705	[1]
Ending Balance	31,186		55,491
Consumer
Beginning Balance	2,083		4,669
Loans charged off	(634)		(1,291)
Recoveries of loans previously charged off	350		309
Net loans charged off	(284)		(982)
Provision for loan losses	(156)	[1]	1,049	[1]
Ending Balance	1,643		4,736
Leasing and other and overdrafts [Member]
Beginning Balance	2,397		3,840
Loans charged off	(441)		(497)
Recoveries of loans previously charged off	260		344
Net loans charged off	(181)		(153)
Provision for loan losses	1,058	[1]	(1,111)	[1]
Ending Balance	3,274		2,576
Unallocated
Beginning Balance	26,090		41,499
Loans charged off	0		0
Recoveries of loans previously charged off	0		0
Net loans charged off	0		0
Provision for loan losses	(5,039)	[1]	(7,999)	[1]
Ending Balance	$ 21,051	[2]	$ 33,500	[2]

[1] Provision for loan losses is gross of a $65,000 and $343,000 decrease, respectively, in provision applied to unfunded commitments for the three months ended March 31, 2012 and 2011. The total provision for credit losses, comprised of allocations for both funded and unfunded loans, was $28.0 million and $38.0 million for the three months ended March 31, 2012 and 2011, respectively

[2] The Corporation’s unallocated allowance, which was approximately 8% and 12% as of March 31, 2012 and 2011, respectively, was reasonable and appropriate as the estimates used in the allocation process are inherently imprecise.

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 38,132	$ 33,785
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	28,000	38,000
Depreciation and amortization of premises and equipment	5,327	5,104
Net amortization of investment securities premiums	2,849	1,704
Investment securities gains	(1,251)	(2,285)
Net (increase) decrease in loans held for sale	(23,119)	53,037
Amortization of intangible assets	801	1,178
Stock-based compensation	713	547
Excess Tax Benefit from Share-based Compensation	(3)	0
(Increase) decrease in accrued interest receivable	(149)	963
(Increase) decrease in other assets	(428)	14,626
Increase in accrued interest payable	1,988	1,059
Increase (decrease) in other liabilities	10,282	(6,362)
Total adjustments	25,010	107,571
Net cash provided by operating activities	63,142	141,356
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of securities available for sale	183,685	411,196
Proceeds from maturities of securities held to maturity	75	92
Proceeds from maturities of securities available for sale	177,855	161,756
Purchase of securities held to maturity	(14)	(8)
Purchase of securities available for sale	(539,783)	(282,144)
Decrease (increase) in short-term investments	69,109	(49,996)
Net (increase) decrease in loans	(16,670)	17,757
Net purchases of premises and equipment	(8,809)	(5,458)
Net cash (used in) provided by investing activities	(134,552)	253,195
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (decrease) increase in demand and savings deposits	(47,636)	210,068
Net decrease in time deposits	(137,381)	(190,039)
Increase (decrease) in short-term borrowings	367,517	(259,679)
Repayments of long-term debt	(106,168)	(83,761)
Net proceeds from issuance of stock	1,362	1,231
Excess Tax Benefit from Share-based Compensation	3	0
Dividends paid	(12,010)	(5,972)
Net cash provided by (used in) financing activities	65,687	(328,152)
Net (Decrease) Increase in Cash and Due From Banks	(5,723)	66,399
Cash and Due From Banks at Beginning of Period	292,598	198,954
Cash and Due From Banks at End of Period	286,875	265,353
Cash paid during the period for:
Interest	26,208	35,072
Income taxes	$ 4,169	$ 145

XML

Derivative Financial Instruments Fair Value Gains and Losses on Derivative Financial Instruments (Details) (Mortgage Banking Income [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments	$ 4,155	$ (7,365)
Interest rate lock with customers [Member]
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments	809	1,920
Forward Commitments [Member]
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments	$ 3,346	$ (9,285)

XML

Investment Securities Narrative (Details) (USD $)	3 Months Ended
	Mar. 31, 2012	Dec. 31, 2011
Available-for-sale Securities Pledged as Collateral	$ 1,800,000,000	$ 1,900,000,000
Amortized cost	3,036,717,000	2,633,226,000
Available for sale	3,082,799,000	2,673,298,000
Available-for-sale Securities, Amortized Cost Basis	3,036,717,000	2,633,226,000
Securities available for sale	3,082,799,000	2,673,298,000
Pooled trust preferred securities actual weighted average cumulative defaults and deferrals	39.00%
Pooled trust preferred securities expected weighted average cumulative defaults	15.00%
Domestic Corporate debt securities	127,600,000
Auction Rate Certificates Not Subject To Any Additional Other Than Temporary Impairment Charges Fair Value	223,900,000
Equity Securities [Member]
Restricted equity securities issued by the Federal Home Loan Bank and Federal Reserve Bank	79,700,000	82,500,000
Amortized cost	110,336,000	117,486,000
Available for sale	113,119,000	117,050,000
Available-for-sale Securities, Amortized Cost Basis	110,336,000	117,486,000
Securities available for sale	113,119,000	117,050,000
Equity Securities Financial Institution [Member]
Amortized cost	24,000,000
Available for sale	26,800,000
Available-for-sale Securities, Amortized Cost Basis	24,000,000
Securities available for sale	26,800,000
Auction Rate Securities [Member]
Amortized cost	241,682,000	240,852,000
Available for sale	223,877,000	225,211,000
Carrying value auction rate securities below investment grade	51,000,000
Percentage Auction Rate Securities Below Investment Grade	23.00%
US Government Guaranteed student loans below investment grade	32,000,000
Percentage US Government guaranteed student loans below investment grade	63.00%
US Government Guaranteed student loan auction rate securities	203,000,000
US Government Guaranteed student loan auction rate securities percentage	91.00%
Available-for-sale Securities, Amortized Cost Basis	241,682,000	240,852,000
Securities available for sale	223,877,000	225,211,000
Auction Rate Securities [Member] | External Credit Rating, Rated Above Investment Grade [Member]
Carrying Value Action Rate Securities Above Investment Grade	173,000,000
Percentage Action Rate Securities Above Investment Grade	77.00%
Auction Rate Securities [Member] | Moody's, A3 Rating [Member]
Carrying Value Auction Rate Securities Rated Investment Grade	27,000,000
Percentage Auction Rate Securities Investment Grade	12.00%
Auction Rate Securities [Member] | Moody's, A2 Rating [Member]
Carrying Value Auction Rate Securities Rated Investment Grade	106,000,000
Percentage Auction Rate Securities Investment Grade	47.00%
Pooled Trust Preferred Securities [Member]
Number of Trust Preferred Securities	10
Pooled Trust Preferred Securities [Member] | External Credit Rating, Rated Below Investment Grade [Member]
Amortized cost	5,600,000
Available for sale	4,700,000
Number of Trust Preferred Securities	9
Available-for-sale Securities, Amortized Cost Basis	5,600,000
Securities available for sale	4,700,000
Single-issuer Trust Preferred Securities [Member]
Unrealized Gain (Loss) on Securities	(6,300,000)
Single-issuer Trust Preferred Securities [Member] | External Credit Rating, Rated Below Investment Grade [Member]
Amortized cost	41,200,000
Available for sale	40,600,000
Number of Trust Preferred Securities	13
Available-for-sale Securities, Amortized Cost Basis	41,200,000
Securities available for sale	40,600,000
Single-issuer Trust Preferred Securities [Member] | External Credit Rating, BBB [Member]
Amortized cost	7,800,000
Available for sale	6,300,000
Available-for-sale Securities, Amortized Cost Basis	7,800,000
Securities available for sale	$ 6,300,000

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Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2012

Compensation and Retirement Disclosure [Abstract]

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

The net periodic benefit cost for the Corporation’s Pension Plan, as determined by consulting actuaries, consisted of the following components for the three months ended March 31:

	2012			2011
	(in thousands)
Service cost (1)	$	39		$	15
Interest cost	806			853
Expected return on plan assets	(808		)	(837		)
Net amortization and deferral	420			72
Net periodic benefit cost	$	457		$	103

(1) The Pension Plan service cost recorded for the three months ended March 31, 2012 and 2011, respectively, was related to administrative costs associated with the plan and not due to the accrual of additional participant benefits.

The net periodic benefit cost for the Corporation’s Postretirement Plan, as determined by consulting actuaries, consisted of the following components for the three months ended March 31:

	2012			2011
	(in thousands)
Service cost	$	53		$	51
Interest cost	87			107
Expected return on plan assets	(1		)	(1		)
Net accretion and deferral	(91		)	(91		)
Net periodic benefit cost	$	48		$	66

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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Compensation Expense and Related Tax Benefits

The following table presents compensation expense and the related tax benefits for equity awards recognized in the consolidated statements of income for the three months ended March 31:

	2012			2011
	(in thousands)
Stock-based compensation expense	$	713		$	547
Tax benefit	(159		)	(136		)
Stock-based compensation expense, net of tax	$	554		$	411

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Loans and Allowance for Credit Losses Narrative (Details) (USD $)	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Dec. 31, 2011	Dec. 31, 2010
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for credit losses	$ 258,137,000	$ 271,156,000	$ 258,177,000	$ 275,498,000
Provision for loan losses gross	65,000	343,000
Provision for credit losses	28,000,000	38,000,000
Percentage of unallocated allowance	8.00%	12.00%
Minimum balance of loans evaluated individually for impairment	1,000,000
Impaired loans with principal balances approximately in percentage	82.00%	57.00%
Impaired loans balances, real estate as collateral	1,000,000
Loan to value ratio in the Corporation's policy	80.00%
Recorded investment, with no related allowance	96,844,000		109,938,000
TDR additional commitments to lend	$ 150,000		$ 1,700,000
Delinquent [Member] | Minimum [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Days past due	31
Delinquent [Member] | Maximum [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Days past due	89
Non-performing [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Days past due	90

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Loans and Allowance for Credit Losses Summary Of Gross Loans (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011	Mar. 31, 2011
Loans [Line Items]
Loans, gross of unearned income	$ 11,964,454	$ 11,975,964
Unearned income	6,854	6,994
Loans, net of unearned income	11,957,600	11,968,970	11,873,208
Real-estate commercial mortage [Member]
Loans [Line Items]
Loans, gross of unearned income	4,634,428	4,602,596
Loans, net of unearned income	4,634,428		4,392,679
Commercial - industrial, financial, and agricultural
Loans [Line Items]
Loans, gross of unearned income	3,518,228	3,639,368
Loans, net of unearned income	3,518,228		3,692,668
Real-estate - home equity [Member]
Loans [Line Items]
Loans, gross of unearned income	1,601,880	1,624,562
Loans, net of unearned income	1,601,880		1,620,340
Real-estate - residential mortgage [Member]
Loans [Line Items]
Loans, gross of unearned income	1,176,947	1,097,192
Loans, net of unearned income	1,176,947		1,022,251
Real-estate - construction
Loans [Line Items]
Loans, gross of unearned income	647,700	615,445
Loans, net of unearned income	647,700		747,806
Consumer
Loans [Line Items]
Loans, gross of unearned income	308,495	318,101
Loans, net of unearned income	308,495		337,413
Leasing and other [Member]
Loans [Line Items]
Loans, gross of unearned income	62,994	63,254
Overdrafts [Member]
Loans [Line Items]
Loans, gross of unearned income	$ 13,782	$ 15,446

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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Notional Amounts and Fair Values of Derivative Financial Instruments

The following table presents a summary of the notional amounts and fair values of derivative financial instruments:

	March 31, 2012					December 31, 2011
	Notional Amount		Asset (Liability) Fair Value			Notional Amount		Asset (Liability) Fair Value
	(in thousands)
Interest Rate Locks with Customers:
Positive fair values	$	348,992	$	4,717		$	181,583	$	3,888
Negative fair values	3,968		(30		)	1,593		(10		)
Net interest rate locks with customers			4,687					3,878
Forward Commitments:
Positive fair values	307,865		733			3,178		13
Negative fair values	46,956		(98		)	173,208		(2,724		)
Net forward commitments			635					(2,711		)
Net derivative fair value asset			$	5,322				$	1,167

Summary of Fair Value Gains and Losses on Derivative Financial Instruments

The following table presents a summary of the fair value gains and losses on derivative financial instruments for the three months ended March 31:

	2012		2011
	(in thousands)
Interest rate locks with customers	$	809	$	1,920
Forward commitments	3,346		(9,285		)
Fair value gains (losses) on derivative financial instruments	$	4,155	$	(7,365	)

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Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2012

Commitments and Contingencies Disclosure [Abstract]

Summary of Outstanding Commitments to Extend Credit and Letters of Credit

The outstanding amounts of commitments to extend credit and letters of credit were as follows:

	March 31, 2012		December 31, 2011
	(in thousands)
Commitments to extend credit	$	3,900,856	$	3,803,532
Standby letters of credit	432,225		444,019
Commercial letters of credit	28,795		31,557

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Consolidated Statements of Shareholders' Equity (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Statement of Stockholders' Equity [Abstract]
Cash dividends	$ 0.07	$ 0.04

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Fair Value Option (Tables)

3 Months Ended

Mar. 31, 2012

Fair Value Disclosures [Abstract]

Summary of Corporation's Mortgage Loans Held for Sale

The following table presents a summary of the Corporation’s mortgage loans held for sale:

	March 31, 2012		December 31, 2011
	(in thousands)
Cost	$	68,569	$	45,324
Fair value	70,128		47,009

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Investment Securities Summary of Cumulative Other-than-Temporary Impairment Charges Recognized in Earnings for Pooled Trust Preferred Securities Held (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Balance of cumulative credit losses on pooled trust preferred securities, beginning of period	$ (22,781)	$ (27,560)
Additions for credit losses recorded which were not previously recognized as components of earnings	0	(994)
Reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security	89	37
Balance of cumulative credit losses on pooled trust preferred securities, end of period	$ (22,692)	$ (28,517)

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Loans and Allowance for Credit Losses Loans Modified Under Troubled Debt Restructurings (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Financing Receivable, Modifications [Line Items]
Total accruing TDRs	$ 76,795	$ 66,175
Non-accrual TDRs	32,411	32,587
Total TDRs	109,206	98,762
Real-estate - residential mortgage [Member]
Financing Receivable, Modifications [Line Items]
Total accruing TDRs	33,800	32,331
Real-estate commercial mortage [Member]
Financing Receivable, Modifications [Line Items]
Total accruing TDRs	28,153	22,425
Real-estate - construction
Financing Receivable, Modifications [Line Items]
Total accruing TDRs	10,303	7,645
Commercial - industrial, financial, and agricultural
Financing Receivable, Modifications [Line Items]
Total accruing TDRs	4,075	3,581
Consumer and Home Equity [Member]
Financing Receivable, Modifications [Line Items]
Total accruing TDRs	$ 464	$ 193

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
ASSETS
Cash and due from banks	$ 286,875	$ 292,598
Interest-bearing deposits with other banks	106,227	175,336
Loans held for sale	70,128	47,009
Investment securities:
Held to maturity (estimated fair value of $6,626 in 2012 and $6,699 in 2011)	6,608	6,669
Available for sale	3,082,799	2,673,298
Loans, net of unearned income	11,957,600	11,968,970
Less: Allowance for loan losses	(256,496)	(256,471)
Net Loans	11,701,104	11,712,499
Premises and equipment	215,756	212,274
Accrued interest receivable	51,247	51,098
Goodwill	535,980	536,005
Intangible assets	7,403	8,204
Other assets	472,095	655,518
Total Assets	16,536,222	16,370,508
LIABILITIES
Noninterest-bearing	2,682,259	2,588,034
Interest-bearing	9,658,463	9,937,705
Total Deposits	12,340,722	12,525,739
Short-term borrowings:
Federal funds purchased	585,547	253,470
Other short-term borrowings	379,003	343,563
Total Short-Term Borrowings	964,550	597,033
Accrued interest payable	27,674	25,686
Other liabilities	246,432	189,362
Federal Home Loan Bank advances and long-term debt	933,981	1,040,149
Total Liabilities	14,513,359	14,377,969
SHAREHOLDERS' EQUITY
Common stock, $2.50 par value, 600 million shares authorized, 216.2 million shares issued in 2012 and 2011	540,594	540,386
Additional paid-in capital	1,423,875	1,423,727
Retained earnings	288,151	264,059
Accumulated other comprehensive income:
Accumulated Other Comprehensive Income	12,109	7,955
Treasury stock, 15.9 million shares outstanding in 2012 and 16.0 million shares outstanding in 2011	(241,866)	(243,588)
Total Shareholders' Equity	2,022,863	1,992,539
Total Liabilities and Shareholders' Equity	$ 16,536,222	$ 16,370,508

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Loans and Allowance for Credit Losses Allowance for Credit Losses (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011	Mar. 31, 2011	Dec. 31, 2010
Loans and Leases Receivable, Allowance [Abstract]
Loans and Leases Receivable, Allowance	$ 256,496	$ 256,471	$ 270,272	$ 274,271
Reserve For Unfunded Lending Commitments	1,641	1,706
Financing Receivable, Allowance for Credit Losses	$ 258,137	$ 258,177	$ 271,156	$ 275,498

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Consolidated Statements of Comprehensive Income (Parentheticals) (USD $)	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent [Abstract]
tax effect of Unrealized gain on securities	$ 2,500,000	$ 1,900,000
tax effect of Non-credit related unrealized gain (loss) on other-than-temporarily impaired debt securities	73,000,000	134,000,000
tax effect of Unrealized gain on derivative financial instruments	18,000,000	18,000,000
tax effect of (Accretion) amortization of net unrecognized pension and postretirement items	115,000,000	(6,000,000)
tax effect of Reclassification adjustment for securities gains included in net income	$ 438,000,000	$ 800,000,000

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Stock-Based Compensation Narrative (Details)	3 Months Ended
	Jun. 30, 2012	Mar. 31, 2012
Directors' Plan [Member]
Statement [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		1 year
Shares reserved for future grants under the stock option and compensation plan		490,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	21,000
Employee Stock Option [Member]
Statement [Line Items]
Shares reserved for future grants under the stock option and compensation plan		12,600,000
Stock Options [Member]
Statement [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years
Stock options granted under the stock option and compensation plan	471,000
Restricted Stock [Member]
Statement [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	312,000

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Net Income Per Share Narrative (Details) (Stock Option [Member]) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	5.2	4.6

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Fair Value Measurements Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) (Fair Value, Measurements, Recurring [Member], USD $) In Thousands, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Level 1 [Member]
Mortgages Held-for-sale, Fair Value Disclosure	$ 0	$ 0
Available-for-sale Securities, Fair Value Disclosure	33,430	34,586
Other Assets, Fair Value Disclosure	14,382	13,130
Assets, Fair Value Disclosure	47,812	47,716
Liabilities, Fair Value Disclosure	14,382	13,130
Level 1 [Member] | Equity Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	33,430	34,586
Level 1 [Member] | U.S. Government Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	0	0
Level 1 [Member] | U.S. Government-Sponsored Agency Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	0
Level 1 [Member] | US Treasury and Government [Member]
Available-for-sale Securities, Fair Value Disclosure		0
Level 1 [Member] | State and Municipal Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	0	0
Level 1 [Member] | Corporate Debt Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	0	0
Level 1 [Member] | Collateralized Mortgage Obligations [Member]
Available-for-sale Securities, Fair Value Disclosure	0	0
Level 1 [Member] | Mortgage-Backed Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	0	0
Level 1 [Member] | Auction Rate Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	0	0
Level 2 [Member]
Mortgages Held-for-sale, Fair Value Disclosure	70,128	47,009
Available-for-sale Securities, Fair Value Disclosure	2,736,381	2,321,748
Other Assets, Fair Value Disclosure	5,450	3,901
Assets, Fair Value Disclosure	2,811,959	2,372,658
Liabilities, Fair Value Disclosure	128	2,734
Level 2 [Member] | Equity Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	0	0
Level 2 [Member] | U.S. Government Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	330	334
Level 2 [Member] | U.S. Government-Sponsored Agency Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	4,050
Level 2 [Member] | US Treasury and Government [Member]
Available-for-sale Securities, Fair Value Disclosure		4,073
Level 2 [Member] | State and Municipal Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	310,632	322,018
Level 2 [Member] | Corporate Debt Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	118,158	114,017
Level 2 [Member] | Collateralized Mortgage Obligations [Member]
Available-for-sale Securities, Fair Value Disclosure	1,096,585	1,001,209
Level 2 [Member] | Mortgage-Backed Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	1,206,626	880,097
Level 2 [Member] | Auction Rate Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	0	0
Level 3 [Member]
Mortgages Held-for-sale, Fair Value Disclosure	0	0
Available-for-sale Securities, Fair Value Disclosure	233,299	234,500
Other Assets, Fair Value Disclosure	0	0
Assets, Fair Value Disclosure	233,299	234,500
Liabilities, Fair Value Disclosure	0	0
Level 3 [Member] | Equity Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	0	0
Level 3 [Member] | U.S. Government Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	0	0
Level 3 [Member] | U.S. Government-Sponsored Agency Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	0
Level 3 [Member] | US Treasury and Government [Member]
Available-for-sale Securities, Fair Value Disclosure		0
Level 3 [Member] | State and Municipal Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	0	0
Level 3 [Member] | Corporate Debt Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	9,422	9,289
Level 3 [Member] | Collateralized Mortgage Obligations [Member]
Available-for-sale Securities, Fair Value Disclosure	0	0
Level 3 [Member] | Mortgage-Backed Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	0	0
Level 3 [Member] | Auction Rate Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	223,877	225,211
Total [Member]
Mortgages Held-for-sale, Fair Value Disclosure	70,128	47,009
Available-for-sale Securities, Fair Value Disclosure	3,003,110	2,590,834
Other Assets, Fair Value Disclosure	19,832	17,031
Assets, Fair Value Disclosure	3,093,070	2,654,874
Liabilities, Fair Value Disclosure	14,510	15,864
Total [Member] | Equity Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	33,430	34,586
Total [Member] | U.S. Government Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	330	334
Total [Member] | U.S. Government-Sponsored Agency Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	4,050
Total [Member] | US Treasury and Government [Member]
Available-for-sale Securities, Fair Value Disclosure		4,073
Total [Member] | State and Municipal Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	310,632	322,018
Total [Member] | Corporate Debt Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	127,580	123,306
Total [Member] | Collateralized Mortgage Obligations [Member]
Available-for-sale Securities, Fair Value Disclosure	1,096,585	1,001,209
Total [Member] | Mortgage-Backed Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	1,206,626	880,097
Total [Member] | Auction Rate Securities [Member]
Available-for-sale Securities, Fair Value Disclosure	$ 223,877	$ 225,211

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Reclassifications

3 Months Ended

Mar. 31, 2012

Accounting Changes and Error Corrections [Abstract]

Reclassifications

Reclassifications

Certain amounts in the 2011 consolidated financial statements and notes have been reclassified to conform to the 2012 presentation.

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Accumulated Other Comprehensive Income Components of Other Comprehensive Income (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Accumulated Other Comprehensive Income [Roll Forward]
Beginning Balance	$ 7,955	$ 12,495
Current-period other comprehensive income	4,154	2,354
Ending Balance	12,109	14,849
Unrealized Gains on Investment Securities Not Other-Than-Temporarily Impaired [Member]
Accumulated Other Comprehensive Income [Roll Forward]
Beginning Balance	27,054	22,354
Current-period other comprehensive income	3,771	1,437
Ending Balance	30,825	23,791
Unrealized Non-Credit Losses on Other-Than-Temporarily Impaired Debt Securities [Member]
Accumulated Other Comprehensive Income [Roll Forward]
Beginning Balance	(1,011)	(2,355)
Current-period other comprehensive income	135	895
Ending Balance	(876)	(1,460)
Unrecognized Pension and Postretirement Plan Items [Member]
Accumulated Other Comprehensive Income [Roll Forward]
Beginning Balance	(15,134)	(4,414)
Current-period other comprehensive income	214	(12)
Ending Balance	(14,920)	(4,426)
Unrealized Effective Portions of Losses on Forward-Starting Interest Rate Swaps [Member]
Accumulated Other Comprehensive Income [Roll Forward]
Beginning Balance	(2,954)	(3,090)
Current-period other comprehensive income	34	34
Ending Balance	$ (2,920)	$ (3,056)

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Accumulated Other Comprehensive Income Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2012

Accumulated Other Comprehensive Income [Abstract]

Changes in each component of accumulated other comprehensive income [Table Text Block]

The following tables present changes in each component of accumulated other comprehensive income for the three months ended March 31, 2012 and 2011:

	Unrealized Gains on Investment Securities Not Other-Than-Temporarily Impaired		Unrealized Non-Credit Losses on Other-Than-Temporarily Impaired Debt Securities			Unrecognized Pension and Postretirement Plan Items			Unrealized Effective Portions of Losses on Forward-Starting Interest Rate Swaps			Total
	(in thousands)
Three months ended March 31, 2012
Balance at December 31, 2011	$	27,054	$	(1,011	)	$	(15,134	)	$	(2,954	)	$	7,955
Current-period other comprehensive income	3,771		135			214			34			4,154
Balance at March 31, 2012	$	30,825	$	(876	)	$	(14,920	)	$	(2,920	)	$	12,109
Three months ended March 31, 2011
Balance at December 31, 2010	$	22,354	$	(2,355	)	$	(4,414	)	$	(3,090	)	$	12,495
Current-period other comprehensive income (loss)	1,437		895			(12		)	34			2,354
Balance at March 31, 2011	$	23,791	$	(1,460	)	$	(4,426	)	$	(3,056	)	$	14,849

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Fair Value Measurements Details of Book Value and Fair Value of Financial Instruments (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012		Dec. 31, 2011
Fair Value, Balance Sheet Grouping, FinancialStatement Captions[Line Items]
Federal Home Loan Bank advances and long-term debt	$ 933,981		$ 1,040,149
Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, FinancialStatement Captions[Line Items]
Cash and Cash Equivalents	286,875		292,598
Interest-Rate Deposits with Other Banks	106,227		175,336
Loans Held-for-sale	70,128	[1]	47,009	[1]
Securities Held-to-maturity	6,626		6,699
Securities Available-for-sale	3,082,799	[1]	2,673,298	[1]
Loans, net of unearned income	11,793,170	[1]	11,992,586	[1]
Accrued Interest Receivable	51,247		51,098
Other Financial Assets	138,327	[1]	315,952	[1]
Demand and Savings Deposit Liabilities, Fair Value Disclosure	8,464,151		8,511,789
Time Deposit Liabilities, Fair Value Disclosure	3,917,020		4,056,247
Short-term borrowings	964,550		597,033
Accrued interest payable	27,674		25,686
Other Financial Liabilities	122,118	[1]	69,816	[1]
Federal Home Loan Bank advances and long-term debt	876,401		982,010
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, FinancialStatement Captions[Line Items]
Cash and Cash Equivalents	286,875		292,598
Interest-Rate Deposits with Other Banks	106,227		175,336
Loans Held-for-sale	70,128	[1]	47,009	[1]
Securities Held-to-maturity	6,608		6,669
Securities Available-for-sale	3,082,799	[1]	2,673,298	[1]
Loans, net of unearned income	11,957,600	[1]	11,968,970	[1]
Accrued Interest Receivable	51,247		51,098
Other Financial Assets	138,327	[1]	315,952	[1]
Demand and Savings Deposit Liabilities, Fair Value Disclosure	8,464,151		8,511,789
Time Deposit Liabilities, Fair Value Disclosure	3,876,571		4,013,950
Short-term borrowings	964,550		597,033
Accrued interest payable	27,674		25,686
Other Financial Liabilities	122,118	[1]	69,816	[1]
Federal Home Loan Bank advances and long-term debt	$ 933,981		$ 1,040,149

[1] Description of fair value determinations for these financial instruments, or certain financial instruments within these categories, measured at fair value on the Corporation’s consolidated balance sheets, are disclosed above.

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Consolidated Statements of Shareholders' Equity (USD $) In Thousands, unless otherwise specified	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Treasury Stock [Member]
Beginning Balance at Dec. 31, 2010	$ 1,880,389	$ 538,492	$ 1,420,127	$ 158,453	$ 12,495	$ (249,178)
Beginning Balance (in shares) at Dec. 31, 2010		199,050
Comprehensive income:
Net Income	33,785			33,785
Other comprehensive income	2,354				2,354
Stock issued, including related tax benefits	1,231	177	(8)			1,062
Stock issued, including related tax benefits (in shares)		141
Stock-based compensation awards	547		547
Common stock cash dividends	(7,984)			(7,984)
Ending Balance at Mar. 31, 2011	1,910,322	538,669	1,420,666	184,254	14,849	(248,116)
Ending Balance (in shares) at Mar. 31, 2011		199,191
Beginning Balance at Dec. 31, 2011	1,992,539	540,386	1,423,727	264,059	7,955	(243,588)
Beginning Balance (in shares) at Dec. 31, 2011		200,164
Comprehensive income:
Net Income	38,132			38,132
Other comprehensive income	4,154				4,154
Stock issued, including related tax benefits	1,365	208	(565)			1,722
Stock issued, including related tax benefits (in shares)		190
Stock-based compensation awards	713		713
Common stock cash dividends	(14,040)			(14,040)
Ending Balance at Mar. 31, 2012	$ 2,022,863	$ 540,594	$ 1,423,875	$ 288,151	$ 12,109	$ (241,866)
Ending Balance (in shares) at Mar. 31, 2012		200,354

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Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Statement of Financial Position [Abstract]
Held to maturity, estimated fair value	$ 6,626	$ 6,699
Common stock, par value	$ 2.50	$ 2.50
Common stock, shares authorized	600,000,000	600,000,000
Common stock, shares issued	216,200,000	216,200,000
Treasury stock, shares	15,900,000	16,000,000

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Employee Benefit Plans

3 Months Ended

Mar. 31, 2012

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

Employee Benefit Plans

The Corporation maintains a defined benefit pension plan (Pension Plan) for certain employees, which was curtailed effective January 1, 2008. Contributions to the Pension Plan are actuarially determined and funded annually, if required. Pension Plan assets are invested in: money markets; fixed income securities, including corporate bonds, U.S. Treasury securities and common trust funds; and equity securities, including common stocks and common stock mutual funds.

The Corporation currently provides medical and life insurance benefits under a postretirement benefits plan (Postretirement Plan) to certain retired full-time employees who were employees of the Corporation prior to January 1, 1998. Certain full-time employees may become eligible for these discretionary benefits if they reach retirement age while working for the Corporation.

The Corporation recognizes the funded status of its Pension Plan and Postretirement Plan on the consolidated balance sheets and recognizes the change in that funded status through other comprehensive income.

The net periodic benefit cost for the Corporation’s Pension Plan, as determined by consulting actuaries, consisted of the following components for the three months ended March 31:

	2012			2011
	(in thousands)
Service cost (1)	$	39		$	15
Interest cost	806			853
Expected return on plan assets	(808		)	(837		)
Net amortization and deferral	420			72
Net periodic benefit cost	$	457		$	103

(1) The Pension Plan service cost recorded for the three months ended March 31, 2012 and 2011, respectively, was related to administrative costs associated with the plan and not due to the accrual of additional participant benefits.

The net periodic benefit cost for the Corporation’s Postretirement Plan, as determined by consulting actuaries, consisted of the following components for the three months ended March 31:

	2012			2011
	(in thousands)
Service cost	$	53		$	51
Interest cost	87			107
Expected return on plan assets	(1		)	(1		)
Net accretion and deferral	(91		)	(91		)
Net periodic benefit cost	$	48		$	66

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Document and Entity Information	3 Months Ended
	Mar. 31, 2012	Apr. 30, 2012
Document and Entity Information
Entity Registrant Name	FULTON FINANCIAL CORP
Entity Central Index Key	0000700564
Trading Symbol	fult
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		200,791,000

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Derivative Financial Instruments

3 Months Ended

Mar. 31, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

Derivative Financial Instruments

In connection with its mortgage banking activities, the Corporation enters into commitments to originate certain fixed-rate residential mortgage loans for customers, also referred to as interest rate locks. In addition, the Corporation enters into forward commitments for the future sales or purchases of mortgage-backed securities to or from third-party counterparties to hedge the effect of changes in interest rates on the values of both the interest rate locks and mortgage loans held for sale. Forward sales commitments may also be in the form of commitments to sell individual mortgage loans at a fixed price at a future date. Both the interest rate locks and the forward commitments are accounted for as derivative financial instruments and are carried at fair value, determined as the amount that would be necessary to settle each derivative financial instrument at the balance sheet date. The amount necessary to settle each interest rate lock is based on the price that secondary market investors would pay for loans with similar characteristics, including interest rate and term, as of the date fair value is measured. Gross derivative assets and liabilities are recorded within other assets and other liabilities, respectively, on the consolidated balance sheets, with changes in fair value during the period recorded within mortgage banking income on the consolidated statements of income. The other components of mortgage banking income are gains and losses on sales of mortgage loans, fair value adjustments on mortgage loans held for sale and servicing income, net of MSR amortization.

The following table presents a summary of the notional amounts and fair values of derivative financial instruments:

	March 31, 2012					December 31, 2011
	Notional Amount		Asset (Liability) Fair Value			Notional Amount		Asset (Liability) Fair Value
	(in thousands)
Interest Rate Locks with Customers:
Positive fair values	$	348,992	$	4,717		$	181,583	$	3,888
Negative fair values	3,968		(30		)	1,593		(10		)
Net interest rate locks with customers			4,687					3,878
Forward Commitments:
Positive fair values	307,865		733			3,178		13
Negative fair values	46,956		(98		)	173,208		(2,724		)
Net forward commitments			635					(2,711		)
Net derivative fair value asset			$	5,322				$	1,167

The following table presents a summary of the fair value gains and losses on derivative financial instruments for the three months ended March 31:

	2012		2011
	(in thousands)
Interest rate locks with customers	$	809	$	1,920
Forward commitments	3,346		(9,285		)
Fair value gains (losses) on derivative financial instruments	$	4,155	$	(7,365	)

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Consolidated Statements of Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
INTEREST INCOME
Loans, including fees	$ 144,346	$ 149,496
Investment securities:
Taxable	18,661	21,807
Tax-exempt	2,701	3,175
Dividends	699	683
Loans held for sale	431	500
Other interest income	53	33
Total Interest Income	166,891	175,694
INTEREST EXPENSE
Deposits	16,250	23,286
Short-term borrowings	281	254
Long-term debt	11,665	12,591
Total Interest Expense	28,196	36,131
Net Interest Income	138,695	139,563
Provision for credit losses	28,000	38,000
Net Interest Income After Provision for Credit Losses	110,695	101,563
OTHER INCOME
Service charges on deposit accounts	14,842	13,305
Other service charges and fees	10,555	11,482
Mortgage banking income	10,050	5,463
Investment management and trust services	9,377	9,204
Other	5,605	3,722
Total other-than-temporary impairment losses	0	(995)
Less: Portion of gain recognized in other comprehensive income (before taxes)	0	(296)
Net other-than-temporary impairment losses	0	(1,291)
Net gains on sale of investment securities	1,251	3,576
Net investment securities gains (losses)	1,251	2,285
Total Other Income	51,680	45,461
OTHER EXPENSES
Salaries and employee benefits	60,360	54,308
Net occupancy expense	10,935	11,366
Data Processing	3,688	3,372
Equipment expense	3,369	3,132
Operating risk loss	3,368	(462)
FDIC insurance expense	3,021	4,754
Other real estate owned and repossession expense	2,928	1,271
Professional fees	2,582	2,849
Marketing	2,472	2,836
Software	2,175	2,031
Intangible amortization	801	1,178
Other	15,012	14,229
Total Other Expenses	110,711	100,864
Income Before Income Taxes	51,664	46,160
Income taxes	13,532	12,375
Net Income	$ 38,132	$ 33,785
PER SHARE:
Net income (basic)	$ 0.19	$ 0.17
Net income (diluted)	$ 0.19	$ 0.17
Cash dividends	$ 0.07	$ 0.04

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Accumulated Other Comprehensive Income Comprehensive Income (Loss), Net of Tax (Notes)

3 Months Ended

Mar. 31, 2012

Accumulated Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income [Text Block]

Accumulated Other Comprehensive Income

The following tables present changes in each component of accumulated other comprehensive income for the three months ended March 31, 2012 and 2011:

	Unrealized Gains on Investment Securities Not Other-Than-Temporarily Impaired		Unrealized Non-Credit Losses on Other-Than-Temporarily Impaired Debt Securities			Unrecognized Pension and Postretirement Plan Items			Unrealized Effective Portions of Losses on Forward-Starting Interest Rate Swaps			Total
	(in thousands)
Three months ended March 31, 2012
Balance at December 31, 2011	$	27,054	$	(1,011	)	$	(15,134	)	$	(2,954	)	$	7,955
Current-period other comprehensive income	3,771		135			214			34			4,154
Balance at March 31, 2012	$	30,825	$	(876	)	$	(14,920	)	$	(2,920	)	$	12,109
Three months ended March 31, 2011
Balance at December 31, 2010	$	22,354	$	(2,355	)	$	(4,414	)	$	(3,090	)	$	12,495
Current-period other comprehensive income (loss)	1,437		895			(12		)	34			2,354
Balance at March 31, 2011	$	23,791	$	(1,460	)	$	(4,426	)	$	(3,056	)	$	14,849

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Net Income Per Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Net Income Per Share

The Corporation’s basic net income per common share is calculated as net income divided by the weighted average number of common shares outstanding.

For diluted net income per common share, net income is divided by the weighted average number of common shares outstanding plus the incremental number of shares added as a result of converting common stock equivalents, calculated using the treasury stock method. The Corporation’s common stock equivalents consist of outstanding stock options and restricted stock.

A reconciliation of weighted average common shares outstanding used to calculate basic net income per common share and diluted net income per common share follows for the three months ended March 31:

	2012	2011
	(in thousands)
Weighted average shares outstanding (basic)	199,492	198,599
Effect of dilutive securities	852	687
Weighted average shares outstanding (diluted)	200,344	199,286

For the three months ended March 31, 2012 and 2011, 5.2 million and 4.6 million stock options, respectively, were excluded from the diluted net income per share computation as their effect would have been anti-dilutive.

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Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Reconciliation of Weighted Average Common Shares Outstanding

A reconciliation of weighted average common shares outstanding used to calculate basic net income per common share and diluted net income per common share follows for the three months ended March 31:

	2012	2011
	(in thousands)
Weighted average shares outstanding (basic)	199,492	198,599
Effect of dilutive securities	852	687
Weighted average shares outstanding (diluted)	200,344	199,286

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Commitments and Contingencies

3 Months Ended

Mar. 31, 2012

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Commitments

The Corporation is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers.

Those financial instruments include commitments to extend credit and letters of credit, which involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized on the Corporation’s consolidated balance sheets. Exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and letters of credit is represented by the outstanding amount of those instruments.

The outstanding amounts of commitments to extend credit and letters of credit were as follows:

	March 31, 2012		December 31, 2011
	(in thousands)
Commitments to extend credit	$	3,900,856	$	3,803,532
Standby letters of credit	432,225		444,019
Commercial letters of credit	28,795		31,557

The Corporation records a reserve for unfunded lending commitments, which represents management’s estimate of losses associated with unused commitments to extend credit. See Note E, "Loans and Allowance for Credit Losses" for additional details.

Residential Lending

Residential mortgages are originated and sold by the Corporation through Fulton Mortgage Company, which operates as a division of each of the Corporation's subsidiary banks. Residential mortgage loans sold are primarily conforming, prime loans sold to government sponsored agencies such as the Federal National Mortgage Association (Fannie Mae). From 2004 to 2007, the Corporation's former Resource Bank subsidiary operated a national wholesale mortgage lending operation which sold non-prime loans to private investors.

The Corporation provides customary representations and warranties to investors that specify, among other things, that the loans have been underwritten to the standards established by the investor. The Corporation may be required to repurchase a loan or reimburse the investor for a credit loss incurred on a loan if it is determined that the representations and warranties have not been met. This generally results from an underwriting or documentation deficiency. As of March 31, 2012 and 2011, total outstanding repurchase requests totaled approximately $3.2 million and $2.4 million, respectively.

From 2000 to 2011, the Corporation sold loans to the FHLB under its Mortgage Partnership Finance Program (MPF Program). No loans have been sold under this program in 2012. The Corporation provided a "credit enhancement" for residential mortgage loans sold under the MPF Program whereby it would assume credit losses in excess of a defined "First Loss Account" (FLA) balance, up to specified amounts. The FLA is funded by the FHLB based on a percentage of the outstanding principal balance of loans sold. As of March 31, 2012, the unpaid principal balance of loans sold under the MPF Program was approximately $279 million. During the first quarter of 2012, credit losses under the MPF Program were projected to exceed the FLA, and, as a result, the Corporation recorded a $2.6 million reserve for expected credit losses related to loans sold under the MPF Program. This reserve was calculated based on delinquency status and estimated loss rates established through the Corporation's existing allowance for loan loss methodology.

As of March 31, 2012 and December 31, 2011, the reserve for losses on residential mortgage loans sold was $4.0 million and $1.5 million, respectively, including both reserves for credit losses under the MPF Program and reserves for representation and warranty exposures. Management believes that the reserves recorded as of March 31, 2012 are adequate. However, declines in collateral values, the identification of additional loans to be repurchased, or a deterioration of the FHLB portfolio's credit quality could necessitate additional reserves in the future.

Other Contingencies

The Corporation and its subsidiaries are involved in various legal proceedings in the ordinary course of the business of the Corporation. The Corporation evaluates the possible impact of pending litigation matters based on, among other factors, the advice of counsel, available insurance coverage and recorded liabilities and reserves for probable legal liabilities and costs. As of the date of this report, the Corporation believes that any liabilities, individually or in the aggregate, which may result from the final outcomes of pending proceedings are not expected to have a material adverse effect on the financial position, the operating results and/or the liquidity of the Corporation. However, litigation is often unpredictable and the actual results of litigation cannot be determined with certainty.

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Mortgage Servicing Rights

3 Months Ended

Mar. 31, 2012

Transfers and Servicing [Abstract]

Mortgage Servicing Rights

Mortgage Servicing Rights

The following table summarizes the changes in mortgage servicing rights (MSRs) for the three months ended March 31, which are included in other assets on the consolidated balance sheets:

	2012			2011
	(in thousands)
Amortized cost:
Balance at beginning of period	$	34,666		$	30,700
Originations of mortgage servicing rights	2,778			2,658
Amortization	(2,185		)	(1,298		)
Balance at end of period	$	35,259		$	32,060
Valuation allowance	$	(1,550	)	$	(1,550	)
Net MSRs at end of period	$	33,709		30,510

MSRs represent the economic value of contractual rights to service mortgage loans that have been sold. Accordingly, actual and expected prepayments of the underlying mortgage loans can impact the value of MSRs.

The Corporation estimates the fair value of its MSRs by discounting the estimated cash flows from servicing income, net of expense, over the expected life of the underlying loans at a discount rate commensurate with the risk associated with these assets. Expected life is based on the contractual terms of the loans, as adjusted for prepayment projections for mortgage-backed securities with rates and terms comparable to the loans underlying the MSRs. No adjustment to the valuation allowance was necessary as of March 31, 2012.

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Employee Benefit Plans Summary of Pension Plan and Postretirement Plan Net Periodic Benefit Cost (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012		Mar. 31, 2011
Pension Plan [Member]
Define Benefit Plan Disclosure [Line Items]
Service cost	$ 39	[1]	$ 15	[1]
Interest cost	806		853
Expected return on plan assets	(808)		(837)
Net amortization and deferral	420		72
Net periodic benefit cost	457		103
Postretirement Plan [Member]
Define Benefit Plan Disclosure [Line Items]
Service cost	53		51
Interest cost	87		107
Expected return on plan assets	(1)		(1)
Net accretion and deferral	(91)		(91)
Net periodic benefit cost	$ 48		$ 66

[1] The net periodic benefit cost for the Corporation’s Pension Plan, as determined by consulting actuaries, consisted of the following components for the three months ended March 31: 2012 2011 (in thousands)Service cost (1)$39 $15Interest cost806 853Expected return on plan assets(808) (837)Net amortization and deferral420 72Net periodic benefit cost$457 $103 (1)The Pension Plan service cost recorded for the three months ended March 31, 2012 and 2011, respectively, was related to administrative costs associated with the plan and not due to the accrual of additional participant benefits.

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Investment Securities

3 Months Ended

Mar. 31, 2012

Investments, Debt and Equity Securities [Abstract]

Investment Securities

Investment Securities

The following tables present the amortized cost and estimated fair values of investment securities:

Held to Maturity at March 31, 2012	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(in thousands)
U.S. Government sponsored agency securities	$	6,001	$	—	$	(21	)	$	5,980
State and municipal securities	179		—		—			179
Mortgage-backed securities	428		39		—			467
	$	6,608	$	39	$	(21	)	$	6,626
Available for Sale at March 31, 2012
Equity securities	$	110,336	$	3,811	$	(1,028	)	$	113,119
U.S. Government securities	330		—		—			330
U.S. Government sponsored agency securities	3,980		71		(1		)	4,050
State and municipal securities	296,231		14,437		(36		)	310,632
Corporate debt securities	132,686		6,235		(11,341		)	127,580
Collateralized mortgage obligations	1,077,326		19,678		(419		)	1,096,585
Mortgage-backed securities	1,174,146		33,126		(646		)	1,206,626
Auction rate securities	241,682		151		(17,956		)	223,877
	$	3,036,717	$	77,509	$	(31,427	)	$	3,082,799

Held to Maturity at December 31, 2011	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
	(in thousands)
U.S. Government sponsored agency securities	$	5,987	$	—	$	(14	)	$	5,973
State and municipal securities	179		—		—			179
Mortgage-backed securities	503		44		—			547
	$	6,669	$	44	$	(14	)	$	6,699
Available for Sale at December 31, 2011
Equity securities	$	117,486	$	2,383	$	(2,819	)	$	117,050
U.S. Government securities	334		—		—			334
U.S. Government sponsored agency securities	3,987		87		(1		)	4,073
State and municipal securities	306,186		15,832		—			322,018
Corporate debt securities	132,855		4,979		(14,528		)	123,306
Collateralized mortgage obligations	982,851		19,186		(828		)	1,001,209
Mortgage-backed securities	848,675		31,837		(415		)	880,097
Auction rate securities	240,852		120		(15,761		)	225,211
	$	2,633,226	$	74,424	$	(34,352	)	$	2,673,298

Securities carried at $1.8 billionas of March 31, 2012 and December 31, 2011 were pledged as collateral to secure public and trust deposits and customer repurchase agreements. Available for sale equity securities include restricted investment securities issued by the Federal Home Loan Bank (FHLB) and the Federal Reserve Bank totaling $79.7 millionand $82.5 million as of March 31, 2012 and December 31, 2011, respectively.

The amortized cost and estimated fair values of debt securities as of March 31, 2012, by contractual maturity, are shown in the following table. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.

	Held to Maturity				Available for Sale
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
	(in thousands)
Due in one year or less	$	179	$	179	$	55,804	$	56,063
Due from one year to five years	6,001		5,980		42,008		43,985
Due from five years to ten years	—		—		151,445		162,134
Due after ten years	—		—		425,652		404,287
	6,180		6,159		674,909		666,469
Collateralized mortgage obligations	—		—		1,077,326		1,096,585
Mortgage-backed securities	428		467		1,174,146		1,206,626
	$	6,608	$	6,626	$	2,926,381	$	2,969,680

The following table presents information related to the Corporation’s gains and losses on the sales of equity and debt securities, and losses recognized for the other-than-temporary impairment of investments:

	Gross Realized Gains		Gross Realized Losses			Other-than- temporary Impairment Losses			Net Gains (Losses)
	(in thousands)
Three months ended March 31, 2012
Equity securities	$	1,086	$	—		$	—		$	1,086
Debt securities	165		—			—			165
Total	$	1,251	$	—		$	—		$	1,251
Three months ended March 31, 2011:
Equity securities	$	5	$	—		$	(297	)	$	(292	)
Debt securities	3,589		(18		)	(994		)	2,577
Total	$	3,594	$	(18	)	$	(1,291	)	$	2,285

The following table presents a summary of the cumulative credit related other-than-temporary impairment charges, recognized as components of earnings, for debt securities still held by the Corporation at March 31, 2012 and 2011:

	2012			2011
	(in thousands)
Balance of cumulative credit losses on debt securities, beginning of period	$	(22,781	)	$	(27,560	)
Additions for credit losses recorded which were not previously recognized as components of earnings	—			(994		)
Reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security	89			37
Balance of cumulative credit losses on debt securities, end of period	$	(22,692	)	$	(28,517	)

The following table presents the gross unrealized losses and estimated fair values of investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at March 31, 2012:

	Less than 12 months					12 months or longer					Total
	Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses			Estimated Fair Value		Unrealized Losses
	(in thousands)
U.S. Government sponsored agency securities	$	197	$	(1	)	$	5,379	$	(21	)	$	5,576	$	(22	)
State and municipal securities	1,676		(36		)	—		—			1,676		(36		)
Corporate debt securities	9,503		(1,660		)	37,877		(9,681		)	47,380		(11,341		)
Collateralized mortgage obligations	161,795		(419		)	—		—			161,795		(419		)
Mortgage-backed securities	201,971		(646		)	—		—			201,971		(646		)
Auction rate securities	14,574		(623		)	193,699		(17,333		)	208,273		(17,956		)
Total debt securities	389,716		(3,385		)	236,955		(27,035		)	626,671		(30,420		)
Equity securities	8,424		(761		)	1,914		(267		)	10,338		(1,028		)
	$	398,140	$	(4,146	)	$	238,869	$	(27,302	)	$	637,009	$	(31,448	)

For its investments in equity securities, particularly its investments in stocks of financial institutions, management evaluates the near-term prospects of the issuers in relation to the severity and duration of the impairment. Based on that evaluation and the Corporation’s ability and intent to hold those investments for a reasonable period of time sufficient for a recovery of fair value, the Corporation does not consider those investments with unrealized holding losses as of March 31, 2012 to be other-than-temporarily impaired. As of March 31, 2012, the financial institutions stock portfolio had a cost basis of $24.0 million and a fair value of $26.8 million.

The unrealized holding losses on student loan auction rate securities, also known as auction rate certificates (ARCs), are attributable to liquidity issues resulting from the failure of periodic auctions. Fulton Financial Advisors (FFA), the investment management and trust division of the Corporation’s Fulton Bank, N.A. subsidiary, held ARCs for some of its customers’ accounts. FFA had previously purchased ARCs for customers as short-term investments with fair values that could be derived based on periodic auctions under normal market conditions. During 2008 and 2009, the Corporation purchased ARCs from customers due to the failure of these periodic auctions, which made these previously short-term investments illiquid.

As of March 31, 2012, approximately $173 million, or 77%, of the ARCs were rated above investment grade, with approximately $27 million, or 12%, AAA rated and $106 million, or 47%, AA rated. Approximately $51 million, or 23%, of ARCs were either not rated or rated below investment grade by at least one ratings agency. Of this amount, approximately $32 million, or 63%, of the student loans underlying these ARCs have principal payments which are guaranteed by the federal government.In total, approximately $203 million, or 91%, of the student loans underlying the ARCs have principal payments which are guaranteed by the federal government.As of March 31, 2012, all ARCs were current and making scheduled interest payments.Based on management’s evaluations, ARCs with a fair value of $223.9 million were not subject to any other-than-temporary impairment charges as of March 31, 2012. The Corporation does not have the intent to sell and does not believe it will more likely than not be required to sell any of these securities prior to a recovery of their fair value to amortized cost, which may be at maturity.

The Corporation’s collateralized mortgage obligations and mortgage-backed securities have contractual terms that generally do not permit the issuer to settle the securities at a price less than the amortized cost of the investment. Because the decline in market value of these securities is attributable to changes in interest rates and not credit quality, and because the Corporation does not have the intent to sell and does not believe it will more likely than not be required to sell any of these securities prior to a recovery of their fair value to amortized cost, the Corporation does not consider these investments to be other-than-temporarily impaired as of March 31, 2012.

The majority of the Corporation's available for sale corporate debt securities are issued by financial institutions. The following table presents the amortized cost and estimated fair values of corporate debt securities:

	March 31, 2012				December 31, 2011
	Amortized cost		Estimated fair value		Amortized cost		Estimated fair value
	(in thousands)
Single-issuer trust preferred securities	$	83,935	$	77,625	$	83,899	$	74,365
Subordinated debt	40,211		42,357		40,184		41,296
Pooled trust preferred securities	6,004		5,062		6,236		5,109
Corporate debt securities issued by financial institutions	130,150		125,044		130,319		120,770
Other corporate debt securities	2,536		2,536		2,536		2,536
Available for sale corporate debt securities	$	132,686	$	127,580	$	132,855	$	123,306

The Corporation’s investments in single-issuer trust preferred securities had an unrealized loss of $6.3 million at March 31, 2012.The Corporation did not record any other-than-temporary impairment charges for single-issuer trust preferred securities during the three months ended March 31, 2012 or 2011, respectively. The Corporation held 13 single-issuer trust preferred securities that were rated below investment grade by at least one ratings agency, with an amortized cost of $41.2 million and an estimated fair value of $40.6 million at March 31, 2012.The majority of the single-issuer trust preferred securities rated below investment grade were rated BB or Ba. Single-issuer trust preferred securities with an amortized cost of $7.8 million and an estimated fair value of $6.3 million at March 31, 2012 were not rated by any ratings agency.

The Corporation held ten pooled trust preferred securities as of March 31, 2012. Nine of these securities, with an amortized cost of $5.6 million and an estimated fair value of $4.7 million, were rated below investment grade by at least one ratings agency, with ratings ranging from C to Ca. For each of the nine pooled trust preferred securities rated below investment grade, the class of securities held by the Corporation was below the most senior tranche, with the Corporation’s interests being subordinate to other investors in the pool. The Corporation determines the fair value of pooled trust preferred securities based on quotes provided by third-party brokers.

The amortized cost of pooled trust preferred securities is the purchase price of the securities, net of cumulative credit related other-than-temporary impairment charges, determined using an expected cash flows model. The most significant input to the expected cash flows model is the expected payment deferral rate for each pooled trust preferred security. The Corporation evaluates the financial metrics, such as capital ratios and non-performing asset ratios, of the individual financial institution issuers that comprise each pooled trust preferred security to estimate its expected deferral rate. The actual weighted average cumulative defaults and deferrals as a percentage of original collateral were approximately 39% as of March 31, 2012. The discounted cash flows modeling for pooled trust preferred securities held by the Corporation as of March 31, 2012 assumed, on average, an additional 15% expected deferral rate.

Based on management’s evaluations, corporate debt securities with a fair value of $127.6 million were not subject to any other-than-temporary impairment charges as of March 31, 2012. The Corporation does not have the intent to sell and does not believe it will more likely than not be required to sell any of these securities prior to a recovery of their fair value to amortized cost, which may be maturity.

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Loans and Allowance for Credit Losses

3 Months Ended

Mar. 31, 2012

Receivables [Abstract]

Loans and Allowance for Credit Losses

Loans and Allowance for Credit Losses

Loans, Net of Unearned Income

Loans, net of unearned income are summarized as follows:

	March 31, 2012			December 31, 2011
	(in thousands)
Real-estate - commercial mortgage	$	4,634,428		$	4,602,596
Commercial - industrial, financial and agricultural	3,518,228			3,639,368
Real-estate - home equity	1,601,880			1,624,562
Real-estate - residential mortgage	1,176,947			1,097,192
Real-estate - construction	647,700			615,445
Consumer	308,495			318,101
Leasing and other	62,994			63,254
Overdrafts	13,782			15,446
Loans, gross of unearned income	11,964,454			11,975,964
Unearned income	(6,854		)	(6,994		)
Loans, net of unearned income	$	11,957,600		$	11,968,970

Allowance for Credit Losses

The allowance for credit losses consists of the allowance for loan losses and the reserve for unfunded lending commitments. The allowance for loan losses represents management’s estimate of losses inherent in the loan portfolio as of the balance sheet date and is recorded as a reduction to loans. The reserve for unfunded lending commitments represents management’s estimate of losses inherent in its unfunded loan commitments and is recorded in other liabilities on the consolidated balance sheet. The allowance for credit losses is increased by charges to expense, through the provision for credit losses, and decreased by charge-offs, net of recoveries.

The Corporation’s established methodology for evaluating the adequacy of the allowance for loan losses considers both components of the allowance: (1) specific allowances allocated to loans evaluated for impairment under the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC) Section 310-10-35, and (2) allowances calculated for pools of loans measured for impairment under FASB ASC Subtopic 450-20.

Effective April 1, 2011, the Corporation revised and enhanced its allowance for credit loss methodology. The significant revisions to the methodology included: (1) a reduction in the amount of loans evaluated for impairment under FASB ASC Section 310-10-35, resulting in only non-accrual loans and certain troubled debt restructurings (TDRs) being identified as impaired; (2) more frequent, quarterly evaluations of impaired loans, including obtaining more timely third-party appraisals for commercial loans collateralized by real estate; and (3) the use of a detailed regression analysis to compute allocation needs for pools of loans measured for impairment under FASB ASC Section 450-20. The Corporation’s conclusion as of March 31, 2011 that its total allowance for credit losses of $271.2 million was sufficient to cover losses inherent in the loan portfolio did not change as a result of implementing its new allowance for credit loss methodology.

The development of the Corporation’s allowance for credit losses is based first on a segmentation of its loan portfolio by general loan type, or "portfolio segments," as presented in the table under the heading, "Loans, Net of Unearned Income," above. Certain portfolio segments are further disaggregated and evaluated collectively for impairment based on “class segments,” which are largely based on the type of collateral underlying each loan. For commercial loans, class segments include loans secured by collateral and unsecured loans. Construction loan class segments include loans secured by commercial real estate and loans secured by residential real estate. Consumer loan class segments are based on collateral types and include direct consumer installment loans and indirect automobile loans.

The following table presents the components of the allowance for credit losses:

	March 31, 2012		December 31, 2011
	(in thousands)
Allowance for loan losses	$	256,496	$	256,471
Reserve for unfunded lending commitments	1,641		1,706
Allowance for credit losses	$	258,137	$	258,177

The following table presents the activity in the allowance for credit losses for the three months ended March 31:

	2012			2011
	(in thousands)
Balance at beginning of period	$	258,177		$	275,498
Loans charged off	(30,259		)	(45,529		)
Recoveries of loans previously charged off	2,219			3,187
Net loans charged off	(28,040		)	(42,342		)
Provision for credit losses	28,000			38,000
Balance at end of period	$	258,137		$	271,156

The following tables present the activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2012 and 2011:

	Real Estate - Commercial Mortgage			Commercial - Industrial, Financial and Agricultural			Real Estate - Home Equity			Real Estate - Residential Mortgage			Real Estate - Construction			Consumer			Leasing and other and overdrafts			Unallocated			Total
	(in thousands)
Three months ended March 31, 2012
Balance at December 31, 2011	$	85,112		$	74,896		$	12,841		$	22,986		$	30,066		$	2,083		$	2,397		$	26,090		$	256,471
Loans charged off	(11,891		)	(5,669		)	(2,206		)	(847		)	(8,571		)	(634		)	(441		)	—			(30,259		)
Recoveries of loans previously charged off	816			636			20			73			64			350			260			—			2,219
Net loans charged off	(11,075		)	(5,033		)	(2,186		)	(774		)	(8,507		)	(284		)	(181		)	—			(28,040		)
Provision for loan losses (1)	7,615			9,893			2,428			2,639			9,627			(156		)	1,058			(5,039		)	28,065
Balance at March 31, 2012	$	81,652		$	79,756		$	13,083		$	24,851		$	31,186		$	1,643		$	3,274		$	21,051		$	256,496
Three months ended March 31, 2011
Balance at December 31, 2010	$	40,831		$	101,436		$	6,454		$	17,425		$	58,117		$	4,669		$	3,840		$	41,499		$	274,271
Loans charged off	(10,047		)	(13,336		)	(1,468		)	(4,996		)	(13,894		)	(1,291		)	(497		)	—			(45,529		)
Recoveries of loans previously charged off	1,535			391			1			44			563			309			344			—			3,187
Net loans charged off	(8,512		)	(12,945		)	(1,467		)	(4,952		)	(13,331		)	(982		)	(153		)	—			(42,342		)
Provision for loan losses (1)	16,239			11,689			669			7,102			10,705			1,049			(1,111		)	(7,999		)	38,343
Balance at March 31, 2011	$	48,558		$	100,180		$	5,656		$	19,575		$	55,491		$	4,736		$	2,576		$	33,500		$	270,272

(1) Provision for loan losses is gross of a $65,000 and $343,000 decrease, respectively, in provision applied to unfunded commitments for the three months ended March 31, 2012 and 2011. The total provision for credit losses, comprised of allocations for both funded and unfunded loans, was $28.0 million and $38.0 million for the three months ended March 31, 2012 and 2011, respectively.

The following tables present loans, net of unearned income and their related allowance for loan losses, by portfolio segment, as of March 31, 2012 and 2011:

	Real Estate - Commercial Mortgage		Commercial - Industrial, Financial and Agricultural		Real Estate - Home Equity		Real Estate - Residential Mortgage		Real Estate - Construction		Consumer		Leasing and other and overdrafts		Unallocated (1)		Total
	(in thousands)
Allowance for loan losses at March 31, 2012
Measured for impairment under FASB ASC Subtopic 450-20	$	50,619	$	47,484	$	9,549	$	8,045	$	17,551	$	1,638	$	3,253	$	21,051	$	159,190
Evaluated for impairment under FASB ASC Section 310-10-35	31,033		32,272		3,534		16,806		13,635		5		21		N/A		97,306
	$	81,652	$	79,756	$	13,083	$	24,851	$	31,186	$	1,643	$	3,274	$	21,051	$	256,496
Loans, net of unearned income at March 31, 2012
Measured for impairment under FASB ASC Subtopic 450-20	$	4,523,691	$	3,441,018	$	1,595,522	$	1,136,199	$	581,381	$	308,487	$	69,890	N/A		$	11,656,188
Evaluated for impairment under FASB ASC Section 310-10-35	110,737		77,210		6,358		40,748		66,319		8		32		N/A		301,412
	$	4,634,428	$	3,518,228	$	1,601,880	$	1,176,947	$	647,700	$	308,495	$	69,922	N/A		$	11,957,600
Allowance for loan losses at March 31, 2011
Measured for impairment under FASB ASC Subtopic 450-20	$	26,327	$	36,709	$	5,656	$	15,288	$	39,448	$	4,736	$	2,576	$	33,500	$	164,240
Evaluated for impairment under FASB ASC Section 310-10-35	22,231		63,471		—		4,287		16,043		—		—		N/A		106,032
	$	48,558	$	100,180	$	5,656	$	19,575	$	55,491	$	4,736	$	2,576	$	33,500	$	270,272
Loans, net of unearned income at March 31, 2011
Measured for impairment under FASB ASC Subtopic 450-20	$	4,224,868	$	3,472,225	$	1,620,340	$	1,003,323	$	629,359	$	337,413	$	60,051	N/A		$	11,347,579
Evaluated for impairment under FASB ASC Section 310-10-35	167,811		220,443		—		18,928		118,447		—		—		N/A		525,629
	$	4,392,679	$	3,692,668	$	1,620,340	$	1,022,251	$	747,806	$	337,413	$	60,051	N/A		$	11,873,208

(1) The Corporation’s unallocated allowance, which was approximately 8% and 12% as of March 31, 2012 and 2011, respectively, was reasonable and appropriate as the estimates used in the allocation process are inherently imprecise.

N/A – Not applicable.

Impaired Loans

A loan is considered to be impaired if it is probable that all amounts will not be collected according to the contractual terms of the loan agreement.

An allowance for loan losses is established for an impaired loan if its carrying value exceeds its estimated fair value. Impaired loans with balances greater than $1.0 million are evaluated individually for impairment. Impaired loans with balances less than $1.0 million are pooled and measured for impairment collectively. As of March 31, 2012 and December 31, 2011, substantially all of the Corporation’s individually evaluated impaired loans were measured based on the estimated fair value of each loan’s collateral. Collateral could be in the form of real estate in the case of impaired commercial mortgages, construction loans and residential mortgages, or business assets, such as accounts receivable or inventory, in the case of commercial loans. Commercial loans may also be secured by real property.

As of March 31, 2012 and 2011, approximately82%and 57%, respectively, of impaired loans with principal balances greater than $1.0 million, whose primary collateral is real estate, were measured at estimated fair value using certified third-party appraisals that had been updated within the preceding 12 months.

Where updated certified appraisals are not obtained for loans evaluated for impairment under FASB ASC Section 310-10-35 that are secured by real estate, fair values are estimated based on one or more of the following:

• Original appraisal – if the original appraisal indicated a very strong loan to value position and, in the opinion of the Corporation’s internal loan evaluation staff, there has not been a significant deterioration in the collateral value, the original appraisal may be used to support the value of the collateral. Original appraisals are typically used only when the estimated collateral value, as adjusted, results in a current loan to value ratio that is lower than the Corporation’s policy for new loans, generally 80%.

• Broker price opinions – in lieu of obtaining an updated certified appraisal, a less formal indication of value, such as a broker price opinion, may be obtained. These opinions are generally used to validate internal estimates of collateral value and are not relied upon as the sole determinant of fair value.

• Discounted cash flows – while substantially all of the Corporation’s impaired loans are measured based on the estimated fair value of collateral, discounted cash flows analyses may be used to validate estimates of collateral value derived from other approaches.

The following table presents total impaired loans by class segment:

													Three Months Ended				Three Months Ended
	March 31, 2012						December 31, 2011						March 31, 2012				March 31, 2011
	Unpaid Principal Balance		Recorded Investment		Related Allowance		Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized (1)		Average Recorded Investment		Interest Income Recognized
	(in thousands)
With no related allowance recorded:
Real estate - commercial mortgage	$	54,397	$	40,526	$	—	$	54,445	$	46,768	$	—	$	43,647	$	71	$	54,346	$	403
Commercial - secured	28,420		21,679		—		35,529		28,440		—		25,060		7		25,767		146
Commercial - unsecured	13		13		—		—		—		—		7		—		528		3
Real estate - home equity	500		500		—		—		—		—		350		—		—		—
Real estate - residential mortgage	491		491		—		199		199		—		246		2		13,665		43
Construction - commercial residential	66,370		30,492		—		62,822		31,233		—		30,863		25		32,406		178
Construction - commercial	3,597		3,143		—		3,604		3,298		—		3,221		2		2,909		20
	153,788		96,844				156,599		109,938				103,394		107		129,621		793
With a related allowance recorded:
Real estate - commercial mortgage	91,655		70,211		31,033		100,529		79,566		36,060		74,889		122		108,720		839
Commercial - secured	67,416		52,478		30,005		61,970		47,652		26,248		50,065		13		194,450		1,177
Commercial - unsecured	3,408		3,040		2,267		3,139		2,789		2,177		2,915		1		6,782		31
Real estate - home equity	5,858		5,858		3,534		5,294		5,294		3,076		5,576		—		15,664		90
Real estate - residential mortgage	40,257		40,257		16,806		39,918		39,918		16,295		40,088		390		91,482		435
Construction - commercial residential	42,751		28,492		11,886		41,176		25,632		11,287		27,062		22		2,901		17
Construction - commercial	5,201		3,020		1,065		3,221		1,049		506		2,035		2		—		—
Construction - other	1,172		1,172		684		1,127		1,127		663		1,150		1		—		—
Consumer - direct	8		8		5		368		368		228		188		—		—		—
Leasing and other and overdrafts	32		32		21		56		56		37		44		—		—		—
Total	257,758		204,568		97,306		256,798		203,451		96,577		204,012		551		419,999		2,589
	$	411,546	$	301,412	$	97,306	$	413,397	$	313,389	$	96,577	$	307,406	$	658	$	549,620	$	3,382

(1) Effective April 1, 2011 all impaired loans, excluding certain accruing TDRs, were non-accrual loans. Interest income recognized for the three months ended March 31, 2012 represents amounts earned on accruing TDRs.

As of March 31, 2012 and December 31, 2011, there were$96.8 million and $109.9 million, respectively, of impaired loans that did not have a related allowance for loan loss. The estimated fair values of the collateral for these loans exceeded their carrying amount and, accordingly, no specific valuation allowance was considered to be necessary.

Credit Quality Indicators and Non-performing Assets

The following table presents internal credit risk ratings for commercial loans, commercial mortgages and certain construction loans, by class segment:

	Pass						Special Mention						Substandard or Lower						Total
	March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011
	(in thousands)
Real estate - commercial mortgage	$	4,127,388		$	4,099,103		$	169,227		$	160,935		$	337,813		$	342,558		$	4,634,428		$	4,602,596
Commercial - secured	2,877,106			2,977,957			160,129			166,588			258,410			249,014			3,295,645			3,393,559
Commercial -unsecured	208,144			230,962			3,371			6,066			11,068			8,781			222,583			245,809
Total commercial - industrial, financial and agricultural	3,085,250			3,208,919			163,500			172,654			269,478			257,795			3,518,228			3,639,368
Construction - commercial residential	167,038			175,706			48,350			50,854			141,222			126,378			356,610			352,938
Construction - commercial	211,577			186,049			4,684			7,022			18,308			16,309			234,569			209,380
Total construction (excluding Construction - other)	378,615			361,755			53,034			57,876			159,530			142,687			591,179			562,318
	$	7,591,253		$	7,669,777		$	385,761		$	391,465		$	766,821		$	743,040		$	8,743,835		$	8,804,282
% of Total	86.8		%	87.1		%	4.4		%	4.5		%	8.8		%	8.4		%	100.0		%	100.0		%

The following table presents a summary of delinquency and non-performing status for home equity, residential mortgages, construction - other and consumer loans by class segment:

	Performing						Delinquent (1)						Non-performing (2)						Total
	March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011
	(in thousands)
Real estate - home equity	$	1,579,174		$	1,601,722		$	11,792		$	11,633		$	10,914		$	11,207		$	1,601,880		$	1,624,562
Real estate - residential mortgage	1,121,395			1,043,733			32,536			37,123			23,016			16,336			1,176,947			1,097,192
Construction - other	54,424			49,593			843			2,341			1,254			1,193			56,521			53,127
Consumer - direct	31,529			34,263			505			657			407			518			32,441			35,438
Consumer - indirect	146,798			151,112			1,518			2,437			81			183			148,397			153,732
Consumer - other	122,518			122,894			2,793			3,354			2,346			2,683			127,657			128,931
Total consumer	300,845			308,269			4,816			6,448			2,834			3,384			308,495			318,101
Leasing and other and overdrafts	69,097			70,550			477			1,049			348			107			69,922			71,706
	$	3,124,935		$	3,073,867		$	50,464		$	58,594		$	38,366		$	32,227		$	3,213,765		$	3,164,688
% of Total	97.2		%	97.1		%	1.6		%	1.9		%	1.2		%	1.0		%	100.0		%	100.0		%

(1) Includes all accruing loans 31 days to 89 days past due.

(2) Includes all accruing loans 90 days or more past due and all non-accrual loans.

The following table presents non-performing assets:

	March 31, 2012		December 31, 2011
	(in thousands)
Non-accrual loans	$	248,719	$	257,761
Accruing loans greater than 90 days past due	35,270		28,767
Total non-performing loans	283,989		286,528
Other real estate owned (OREO)	33,516		30,803
Total non-performing assets	$	317,505	$	317,331

The following table presents TDRs, by portfolio segment:

	March 31, 2012		December 31, 2011
	(in thousands)
Real-estate - residential mortgage	$	33,800	$	32,331
Real-estate - commercial mortgage	28,153		22,425
Real-estate - construction	10,303		7,645
Commercial - industrial, financial and agricultural	4,075		3,581
Consumer	464		193
Total accruing TDRs	76,795		66,175
Non-accrual TDRs (1)	32,411		32,587
Total TDRs	$	109,206	$	98,762

(1) Included within non-accrual loans in table detailing non-performing assets above.

As of March 31, 2012 and December 31, 2011, there were $150,000 and $1.7 million respectively, of commitments to lend additional funds to borrowers whose loans were modified under TDRs.

The following table presents loans modified as TDRs during the three months ended March 31, 2012 and classified as TDRs as of March 31, 2012, by class segment:

	Number of Loans	Recorded Investment
	(dollars in thousands)
Construction - commercial residential	3	$	6,365
Real estate - residential mortgage	13	4,679
Commercial - secured	5	3,040
Real estate - commercial mortgage	4	5,669
Real estate - home equity	2	171
	27	$	19,924

The following table presents loans modified as TDRs within the previous 12 months, and classified as TDRs as of March 31, 2012, which had a payment default during the three months ended March 31, 2012, by class segment:

	Number of Loans	Recorded Investment
	( dollars in thousands)
Construction - commercial residential	3	$	7,550
Real estate - commercial mortgage	9	4,088
Real estate - residential mortgage	8	1,714
Commercial - secured	2	115
Real estate - home equity	2	239
	24	$	13,706

The following table presents past due status and non-accrual loans by portfolio segment and class segment:

	March 31, 2012
	31-59 Days Past Due		60-89 Days Past Due		≥ 90 Days Past Due and Accruing		Non- accrual		Total ≥ 90 Days		Total Past Due		Current		Total
	(in thousands)
Real estate - commercial mortgage	$	13,925	$	5,796	$	5,564	$	98,512	$	104,076	$	123,797	$	4,510,631	$	4,634,428
Commercial - secured	6,739		4,712		6,202		73,687		79,889		91,340		3,204,305		3,295,645
Commercial - unsecured	499		469		70		2,925		2,995		3,963		218,620		222,583
Total commercial - industrial, financial and agricultural	7,238		5,181		6,272		76,612		82,884		95,303		3,422,925		3,518,228
Real estate - home equity	8,826		2,966		5,167		5,747		10,914		22,706		1,579,174		1,601,880
Real estate - residential mortgage	22,838		9,698		15,274		7,742		23,016		55,552		1,121,395		1,176,947
Construction - commercial residential	2,329		478		—		52,372		52,372		55,179		301,431		356,610
Construction - commercial	—		—		128		6,163		6,291		6,291		228,278		234,569
Construction - other	171		672		82		1,172		1,254		2,097		54,424		56,521
Total real estate - construction	2,500		1,150		210		59,707		59,917		63,567		584,133		647,700
Consumer - direct	377		128		41		366		407		912		31,529		32,441
Consumer - indirect	1,211		307		81		—		81		1,599		146,798		148,397
Consumer - other	1,741		1,052		2,346		—		2,346		5,139		122,518		127,657
Total consumer	3,329		1,487		2,468		366		2,834		7,650		300,845		308,495
Leasing and other and overdrafts	388		89		315		33		348		825		69,097		69,922
	$	59,044	$	26,367	$	35,270	$	248,719	$	283,989	$	369,400	$	11,588,200	$	11,957,600
	December 31, 2011
	31-59 Days Past Due		60-89 Days Past Due		≥ 90 Days Past Due and Accruing		Non- accrual		Total ≥ 90 Days		Total Past Due		Current		Total
	(in thousands)
Real estate - commercial mortgage	$	11,167	$	14,437	$	4,394	$	109,412	$	113,806	$	139,410	$	4,463,186	$	4,602,596
Commercial - secured	9,284		4,498		4,831		73,048		77,879		91,661		3,301,899		3,393,560
Commercial - unsecured	671		515		409		2,656		3,065		4,251		241,557		245,808
Total commercial - industrial, financial and agricultural	9,955		5,013		5,240		75,704		80,944		95,912		3,543,456		3,639,368
Real estate - home equity	7,439		4,194		5,714		5,493		11,207		22,840		1,601,722		1,624,562
Real estate - residential mortgage	23,877		13,246		8,502		7,834		16,336		53,459		1,043,733		1,097,192
Construction - commercial residential	2,372		4,824		1,656		53,420		55,076		62,272		290,665		352,937
Construction - commercial	31		—		128		4,347		4,475		4,506		204,875		209,381
Construction - other	2,341		—		66		1,127		1,193		3,534		49,593		53,127
Total real estate - construction	4,744		4,824		1,850		58,894		60,744		70,312		545,133		615,445
Consumer - direct	455		202		150		368		518		1,175		34,263		35,438
Consumer - indirect	1,997		440		183		—		183		2,620		151,112		153,732
Consumer - other	2,251		1,103		2,683		—		2,683		6,037		122,894		128,931
Total consumer	4,703		1,745		3,016		368		3,384		9,832		308,269		318,101
Leasing and other and overdrafts	925		124		51		56		107		1,156		70,550		71,706
	$	62,810	$	43,583	$	28,767	$	257,761	$	286,528	$	392,921	$	11,576,049	$	11,968,970

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Stock-Based Compensation

3 Months Ended

Mar. 31, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

Stock-Based Compensation

The fair value of equity awards granted to employees is recognized as compensation expense over the period during which employees are required to provide service in exchange for such awards. The Corporation grants equity awards to employees, consisting of stock options and restricted stock, under its 2004 Stock Option and Compensation Plan (Employee Option Plan). In addition, employees may purchase stock under the Corporation’s Employee Stock Purchase Plan.

The Corporation also grants restricted stock to non-employee members of the board of directors under its 2011 Directors’ Equity Participation Plan (Directors’ Plan). Under the Directors’ Plan, the Corporation can grant equity awards to non-employee holding company and affiliate directors in the form of stock options, restricted stock or common stock.

The following table presents compensation expense and the related tax benefits for equity awards recognized in the consolidated statements of income for the three months ended March 31:

	2012			2011
	(in thousands)
Stock-based compensation expense	$	713		$	547
Tax benefit	(159		)	(136		)
Stock-based compensation expense, net of tax	$	554		$	411

Stock option fair values are estimated through the use of the Black-Scholes valuation methodology as of the date of grant. Stock options carry terms of up to ten years. Restricted stock fair values are equal to the average trading price of the Corporation’s stock on the date of grant. Restricted stock awards earn dividends during the vesting period, which are forfeitable if the awards do not vest. Stock options and restricted stock under the Employee Option Plan have historically been granted annually and become fully vested over or after a three year vesting period. Restricted stock awards under the Directors' Plan generally vest one year from the date of grant. Certain events, as defined in the Employee Option Plan and Directors' Plan, result in the acceleration of the vesting of both stock options and restricted stock. As of March 31, 2012, the Employee Option Plan had 12.6 million shares reserved for future grants through 2013. On April 1, 2012, the Corporation granted approximately 471,000 stock options and 312,000 shares of restricted stock under its Employee Option Plan.

As of March 31, 2012, the Directors’ Plan had 490,000 shares reserved for future grants through 2021. On May 1, 2012, the Corporation granted approximately 21,000 shares of restricted stock under its Directors’ Plan.

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Fair Value Option Summary of Corporation's Mortgage Loans Held for Sale (Details) (USD $) In Thousands, unless otherwise specified			3 Months Ended
	Mar. 31, 2012	Dec. 31, 2011	Mar. 31, 2012 Mortgage Loans Held For Sale [Member]	Mar. 31, 2011 Mortgage Loans Held For Sale [Member]	Mar. 31, 2012 Mortgage Loans Held For Sale [Member] Cost [Member]	Dec. 31, 2011 Mortgage Loans Held For Sale [Member] Cost [Member]	Mar. 31, 2012 Mortgage Loans Held For Sale [Member] Fair Value	Dec. 31, 2011 Mortgage Loans Held For Sale [Member] Fair Value
Fair Value, Option, Quantitative Disclosures [Line Items]
Loans Held-for-sale, Mortgages	$ 70,128	$ 47,009			$ 68,569	$ 45,324	$ 70,128	$ 47,009
Gain (loss) in fair values of mortgage loans held for sale			$ (126)	$ 1,200

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Fair Value Measurements Changes in Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Level 3 Inputs (Details) (Fair Value, Measurements, Recurring [Member], Fair Value, Inputs, Level 3 [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012		Mar. 31, 2011
Pooled Trust Preferred Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3			$ 0	[1]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	5,109		4,528
Realized adjustment to fair value			(994)	[2]
Unrealized adjustment to fair value	177	[3]	1,430	[3]
Settlements - calls	(223)		(147)
(Premium amortization) discount accretion	(1)	[4]	(1)	[4]
Balance, end of period	5,062		4,816
Single-issuer Trust Preferred Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3	(800)		(800)	[1]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	4,180		8,583
Realized adjustment to fair value			0	[2]
Unrealized adjustment to fair value	178	[3]	312	[3]
Settlements - calls	0		0
(Premium amortization) discount accretion	2	[4]	(1)	[4]
Balance, end of period	4,360		8,094
Auction Rate Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3				[1]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, beginning of period	225,211		260,679
Realized adjustment to fair value			0	[2]
Unrealized adjustment to fair value	(2,164)	[3]	77	[3]
Settlements - calls	(317)		(5,523)
(Premium amortization) discount accretion	1,147	[4]	1,180	[4]
Balance, end of period	$ 223,877		$ 256,413

[1] During the three months ended March 31, 2011, one single-issuer trust preferred security with a fair value of $800,000 was reclassified as a Level 2 asset.

[2] Realized adjustments to fair value represent credit related other-than-temporary impairment charges that were recorded as a reduction to investment securities gains on the consolidated statements of income.

[3] Pooled trust preferred securities, single-issuer trust preferred securities and ARCs are classified as available for sale investment securities; as such, the unrealized adjustment to fair value was recorded as an unrealized holding gain (loss) and included as a component of available for sale investment securities on the consolidated balance sheet.

[4] Included as a component of net interest income on the consolidated statements of income.

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Commitments and Contingencies Outstanding Commitments to Extend Credit and Letters of Credit (Details) (USD $)	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012 Commitments to Extend Credit [Member] Reserve for Off-balance Sheet Activities [Member]	Dec. 31, 2011 Commitments to Extend Credit [Member] Reserve for Off-balance Sheet Activities [Member]	Mar. 31, 2012 Standby Letters of Credit [Member] Reserve for Off-balance Sheet Activities [Member]	Dec. 31, 2011 Standby Letters of Credit [Member] Reserve for Off-balance Sheet Activities [Member]	Mar. 31, 2012 Commercial Letters of Credit [Member] Reserve for Off-balance Sheet Activities [Member]	Dec. 31, 2011 Commercial Letters of Credit [Member] Reserve for Off-balance Sheet Activities [Member]	Mar. 31, 2012 Residential Mortgage [Member] Reserve for Off-balance Sheet Activities [Member]	Dec. 31, 2011 Residential Mortgage [Member] Reserve for Off-balance Sheet Activities [Member]
ResidentialMortgagePrincipalBalanceRepurchaseRequestReceived	$ 3,200,000	$ 2,400,000
ResidentialMortgagePrincipalBalanceFHLBCreditEnhancement	279,000,000
ResidentialMortgageRepurchaseReservesFHLBCreditEnhancement	2,600,000
Valuation allowances and Reserves, Balance			$ 3,900,856,000	$ 3,803,532,000	$ 432,225,000	$ 444,019,000	$ 28,795,000	$ 31,557,000	$ 4,000,000	$ 1,500,000

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Net Income Per Share Reconciliation of Weighted Average Common Shares Outstanding (Details) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Weighted average shares outstanding (basic)	199,492	198,599
Effect of dilutive securities	852	687
Weighted average shares outstanding (diluted)	200,344	199,286

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Loans and Allowance for Credit Losses Summary of Delinquency and Non-Performing Status by Portfolio Segment (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012		Dec. 31, 2011
Loans, gross of unearned income	$ 11,964,454		$ 11,975,964
Real Estate, Home Equity, Construction, Other, Consumer and Leasing [Member]
Loans, gross of unearned income	3,213,765		3,164,688
Percentage Of Total	100.00%		100.00%
Real Estate, Home Equity, Construction, Other, Consumer and Leasing [Member] | Performing [Member]
Loans, gross of unearned income	3,124,935		3,073,867
Percentage Of Total	97.20%		97.10%
Real Estate, Home Equity, Construction, Other, Consumer and Leasing [Member] | Delinquent [Member]
Loans, gross of unearned income	50,464	[1]	58,594	[1]
Percentage Of Total	1.60%	[1]	1.90%	[1]
Real Estate, Home Equity, Construction, Other, Consumer and Leasing [Member] | Non-performing [Member]
Loans, gross of unearned income	38,366	[2]	32,227	[2]
Percentage Of Total	1.20%	[2]	1.00%	[2]
Real-estate - home equity [Member]
Loans, gross of unearned income	1,601,880		1,624,562
Real-estate - home equity [Member] | Performing [Member]
Loans, gross of unearned income	1,579,174		1,601,722
Real-estate - home equity [Member] | Delinquent [Member]
Loans, gross of unearned income	11,792	[1]	11,633	[1]
Real-estate - home equity [Member] | Non-performing [Member]
Loans, gross of unearned income	10,914	[2]	11,207	[2]
Real-estate - residential mortgage [Member]
Loans, gross of unearned income	1,176,947		1,097,192
Real-estate - residential mortgage [Member] | Performing [Member]
Loans, gross of unearned income	1,121,395		1,043,733
Real-estate - residential mortgage [Member] | Delinquent [Member]
Loans, gross of unearned income	32,536	[1]	37,123	[1]
Real-estate - residential mortgage [Member] | Non-performing [Member]
Loans, gross of unearned income	23,016	[2]	16,336	[2]
Construction other [Member]
Loans, gross of unearned income	56,521		53,127
Construction other [Member] | Performing [Member]
Loans, gross of unearned income	54,424		49,593
Construction other [Member] | Delinquent [Member]
Loans, gross of unearned income	843	[1]	2,341	[1]
Construction other [Member] | Non-performing [Member]
Loans, gross of unearned income	1,254	[2]	1,193	[2]
Total Consumer
Loans, gross of unearned income	308,495		318,101
Total Consumer | Performing [Member]
Loans, gross of unearned income	300,845		308,269
Total Consumer | Delinquent [Member]
Loans, gross of unearned income	4,816	[1]	6,448	[1]
Total Consumer | Non-performing [Member]
Loans, gross of unearned income	2,834	[2]	3,384	[2]
Consumer - direct [Member]
Loans, gross of unearned income	32,441		35,438
Consumer - direct [Member] | Performing [Member]
Loans, gross of unearned income	31,529		34,263
Consumer - direct [Member] | Delinquent [Member]
Loans, gross of unearned income	505	[1]	657	[1]
Consumer - direct [Member] | Non-performing [Member]
Loans, gross of unearned income	407	[2]	518	[2]
Consumer - Indirect [Member]
Loans, gross of unearned income	148,397		153,732
Consumer - Indirect [Member] | Performing [Member]
Loans, gross of unearned income	146,798		151,112
Consumer - Indirect [Member] | Delinquent [Member]
Loans, gross of unearned income	1,518	[1]	2,437	[1]
Consumer - Indirect [Member] | Non-performing [Member]
Loans, gross of unearned income	81	[2]	183	[2]
Consumer Other [Member]
Loans, gross of unearned income	127,657		128,931
Consumer Other [Member] | Performing [Member]
Loans, gross of unearned income	122,518		122,894
Consumer Other [Member] | Delinquent [Member]
Loans, gross of unearned income	2,793	[1]	3,354	[1]
Consumer Other [Member] | Non-performing [Member]
Loans, gross of unearned income	2,346	[2]	2,683	[2]
Leasing and other and overdrafts [Member]
Loans, gross of unearned income	69,922		71,706
Leasing and other and overdrafts [Member] | Performing [Member]
Loans, gross of unearned income	69,097		70,550
Leasing and other and overdrafts [Member] | Delinquent [Member]
Loans, gross of unearned income	477	[1]	1,049	[1]
Leasing and other and overdrafts [Member] | Non-performing [Member]
Loans, gross of unearned income	$ 348	[2]	$ 107	[2]

[1] )Includes all accruing loans 31 days to 89 days past due

[2] )Includes all accruing loans 90 days or more past due and all non-accrual loans.

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Fair Value Measurements

3 Months Ended

Mar. 31, 2012

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

FASB ASC Topic 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into the following three categories (from highest to lowest priority):

• Level 1 – Inputs that represent quoted prices for identical instruments in active markets.

• Level 2 – Inputs that represent quoted prices for similar instruments in active markets, or quoted prices for identical instruments in non-active markets. Also includes valuation techniques whose inputs are derived principally from observable market data other than quoted prices, such as interest rates or other market-corroborated means.

• Level 3 – Inputs that are largely unobservable, as little or no market data exists for the instrument being valued.

The Corporation has categorized all assets and liabilities measured at fair value on both a recurring and nonrecurring basis into the above three levels.

In May 2011, the FASB issued ASC Update 2011-04, "Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs." ASC Update 2011-04 amends fair value measurement and disclosure requirements in U.S. GAAP for the purpose of improving the comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with U.S. GAAP and International Financial Reporting Standards (IFRS). Among the amendments in ASC Update 2011-04 are expanded disclosure requirements that require companies to quantitatively disclose inputs used in recurring Level 3 fair value measurements and to disclose the sensitivity of fair value measurement to changes in unobservable inputs. Effective March 31, 2012, the Corporation adopted the provisions of ASC Update 2011-04 and, as such, has included the required disclosures related to Level 3 fair value measurements below.

Following is a summary of the Corporation’s assets and liabilities measured at fair value on a recurring basis and reported on the consolidated balance sheets:

	March 31, 2012
	Level 1		Level 2		Level 3		Total
	(in thousands)
Mortgage loans held for sale	$	—	$	70,128	$	—	$	70,128
Available for sale investment securities:
Equity securities	33,430		—		—		33,430
U.S. Government securities	—		330		—		330
U.S. Government sponsored agency securities	—		4,050		—		4,050
State and municipal securities	—		310,632		—		310,632
Corporate debt securities	—		118,158		9,422		127,580
Collateralized mortgage obligations	—		1,096,585		—		1,096,585
Mortgage-backed securities	—		1,206,626		—		1,206,626
Auction rate securities	—		—		223,877		223,877
Total available for sale investments	33,430		2,736,381		233,299		3,003,110
Other financial assets	14,382		5,450		—		19,832
Total assets	$	47,812	$	2,811,959	$	233,299	$	3,093,070
Other financial liabilities	$	14,382	$	128	$	—	$	14,510

	December 31, 2011
	Level 1		Level 2		Level 3		Total
	(in thousands)
Mortgage loans held for sale	$	—	$	47,009	$	—	$	47,009
Available for sale investment securities:
Equity securities	34,586		—		—		34,586
U.S. Government securities	—		334		—		334
U.S. Government sponsored agency securities	—		4,073		—		4,073
State and municipal securities	—		322,018		—		322,018
Corporate debt securities	—		114,017		9,289		123,306
Collateralized mortgage obligations	—		1,001,209		—		1,001,209
Mortgage-backed securities	—		880,097		—		880,097
Auction rate securities	—		—		225,211		225,211
Total available for sale investments	34,586		2,321,748		234,500		2,590,834
Other financial assets	13,130		3,901		—		17,031
Total assets	$	47,716	$	2,372,658	$	234,500	$	2,654,874
Other financial liabilities	$	13,130	$	2,734	$	—	$	15,864

The valuation techniques used to measure fair value for the items in the preceding tables are as follows:

• Mortgage loans held for sale – This category consists of mortgage loans held for sale that the Corporation has elected to measure at fair value. Fair values as of March 31, 2012 and December 31, 2011 were measured as the price that secondary market investors were offering for loans with similar characteristics.

• Available for sale investment securities – Included within this asset category are both equity and debt securities. Level 2 available for sale debt securities are valued by a third-party pricing service commonly used in the banking industry. The pricing service uses evaluated pricing models that vary based on asset class and incorporate available market information including quoted prices of investment securities with similar characteristics. Because many fixed income securities do not trade on a daily basis, evaluated pricing models use available information, as applicable, through processes such as benchmark yield curves, benchmarking of like securities, sector groupings, and matrix pricing.

Standard market inputs include: benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data including market research publications. For certain security types, additional inputs may be used, or some of the standard market inputs may not be applicable.

Management tests the values provided by the pricing service by obtaining securities prices from an alternative third-party source and comparing the results. This test is done for approximately 80%of the securities valued by the pricing service. Generally, differences by security in excess of 5% are researched to reconcile the difference.

▪ Equity securities – Equity securities consist of stocks of financial institutions ($26.8 million at March 31, 2012 and $27.9 million at December 31, 2011) and other equity investments ($6.6 million at March 31, 2012 and $6.7 million at December 31, 2011). These Level 1 investments are measured at fair value based on quoted prices for identical securities in active markets. Restricted equity securities issued by the FHLB and Federal Reserve Bank ($79.7 million at March 31, 2012 and $82.5 million at December 31, 2011) have been excluded from the preceding tables.

▪ U.S. Government securities/U.S. Government sponsored agency securities/State and municipal securities/Collateralized mortgage obligations/Mortgage-backed securities – These debt securities are classified as Level 2 investments. Fair values are determined by a third-party pricing service, as detailed above.

▪ Corporate debt securities – This category consists of subordinated debt issued by financial institutions ($42.4 million at March 31, 2012 and $41.3 million at December 31, 2011), single-issuer trust preferred securities issued by financial institutions ($77.6 million at March 31, 2012 and $74.4 million at December 31, 2011),pooled trust preferred securities issued by financial institutions ($5.1 million at March 31, 2012 and December 31, 2011) and other corporate debt issued by non-financial institutions ($2.5 million at March 31, 2012 and December 31, 2011).

Classified as Level 2 investments are the Corporation’s subordinated debt, other corporate debt issued by non-financial institutions and $73.2 million and $70.2 million of single-issuer trust preferred securities held at March 31, 2012 and December 31, 2011, respectively. These corporate debt securities are measured at fair value by a third-party pricing service, as detailed above.

Classified as Level 3 assets are the Corporation’s investments in pooled trust preferred securities and certain single-issuer trust preferred securities ($4.4 million at March 31, 2012 and $4.2 million at December 31, 2011). The fair values of these securities were determined based on quotes provided by third-party brokers who determined fair values based predominantly on internal valuation models which were not indicative prices or binding offers. The Corporation’s third-party pricing service cannot derive fair values for these securities primarily due to inactive markets for similar investments. Level 3 values are tested by management primarily through trend analysis, by comparing current values to those reported at the end of the preceding calendar quarter, and determining if they are reasonable based on price and spread movements for this asset class.

• Auction rate securities – Due to their illiquidity, ARCs are classified as Level 3 investments and are valued through the use of an expected cash flows model prepared by a third-party valuation expert. The assumptions used in preparing the expected cash flows model include estimates for coupon rates, time to maturity and market rates of return. The most significant unobservable input to the expected cash flows model is an assumed return to market liquidity sometime within the next three years. If the assumed return to market liquidity was lengthened beyond the next three years, this would result in a decrease in the fair value of these ARCs. Management tests Level 3 valuations for ARCs by performing a trend analysis of the market price and discount rate. Changes in the price and discount rates are compared to changes in market data, including bond ratings, parity ratios, balances and delinquency levels. Any inconsistencies are reconciled through discussions with the third-party valuation expert.

• Other financial assets – Included within this asset category are: Level 1 assets, consisting of mutual funds that are held in trust for employee deferred compensation plans and measured at fair value based on quoted prices for identical securities in active markets; and Level 2 assets, representing the fair value of mortgage banking derivatives in the form of interest rate locks and forward commitments with secondary market investors. The fair value of the Corporation’s interest rate locks and forward commitments are determined as the amounts that would be required to settle the derivative financial instruments at the balance sheet date. See Note I, "Derivative Financial Instruments," for additional information.

• Other financial liabilities – Included within this category are: Level 1 employee deferred compensation liabilities which represent amounts due to employees under the deferred compensation plans described under the heading “Other financial assets” above and Level 2 mortgage banking derivatives, described under the heading "Other financial assets" above.

The following tables present the changes in the Corporation’s assets and liabilities measured at fair value on a recurring basis using unobservable inputs (Level 3) for the three months ended March 31, 2012 and 2011:

	2012
	Available for Sale Investment Securities
	Pooled Trust Preferred Securities			Single-issuer Trust Preferred Securities			ARC Investments
	(in thousands)
Balance at December 31, 2011	$	5,109		$	4,180		$	225,211
Unrealized adjustment to fair value (1)	177			178			(2,164		)
Settlements - calls	(223		)	—			(317		)
(Premium amortization) discount accretion (2)	(1		)	2			1,147
Balance at March 31, 2012	$	5,062		$	4,360		$	223,877
	2011
Balance at December 31, 2010	$	4,528		$	8,583		$	260,679
Transfer from Level 3 to Level 2 (3)	—			(800		)
Realized adjustment to fair value (4)	(994		)	—			—
Unrealized adjustment to fair value (1)	1,430			312			77
Settlement - calls	(147		)	—			(5,523		)
(Premium amortization) discount accretion (2)	(1		)	(1		)	1,180
Balance at March 31, 2011	$	4,816		$	8,094		$	256,413

(1) Pooled trust preferred securities, single-issuer trust preferred securities and ARCs are classified as available for sale investment securities; as such, the unrealized adjustment to fair value was recorded as an unrealized holding gain (loss) and included as a component of available for sale investment securities on the consolidated balance sheet.

(2) Included as a component of net interest income on the consolidated statements of income.

(3) During the three months ended March 31, 2011, one single-issuer trust preferred security with a fair value of $800,000 was reclassified as a Level 2 asset.

(4) Realized adjustments to fair value represent credit related other-than-temporary impairment charges that were recorded as a reduction to investment securities gains on the consolidated statements of income.

Certain financial assets are not measured at fair value on an ongoing basis but are subject to fair value measurement in certain circumstances, such as upon their acquisition or when there is evidence of impairment. The following tables present the Corporation’s financial assets measured at fair value on a nonrecurring basis and reported on the Corporation’s consolidated balance sheets:

	March 31, 2012
	Level 1		Level 2		Level 3		Total
	(in thousands)
Net loans	$	—	$	—	$	204,106	$	204,106
Other financial assets	—		—		67,225		67,225
Total assets	$	—	$	—	$	271,331	$	271,331

	December 31, 2011
	Level 1		Level 2		Level 3		Total
	(in thousands)
Net loans	$	—	$	—	$	216,812	$	216,812
Other financial assets	—		—		63,919		63,919
Total assets	$	—	$	—	$	280,731	$	280,731

The valuation techniques used to measure fair value for the items in the tables above are as follows:

• Net loans – This category consists of loans that were evaluated for impairment under FASB ASC Section 310-10-35 and have been classified as Level 3 assets. The amount shown is the balance of impaired loans, net of the related allowance for loan losses. See Note E, "Loans and Allowance for Credit Losses," for additional details.

• Other financial assets – This category includes OREO ($33.5 million at March 31, 2012 and $30.8 million at December 31, 2011) and MSRs, net of the MSR valuation reserve ($33.7 million at March 31, 2012 and $33.1 million at December 31, 2011), both classified as Level 3 assets.

Fair values for OREO were based on estimated selling prices less estimated selling costs for similar assets in active markets.

MSRs are initially recorded at fair value upon the sale of residential mortgage loans, which the Corporation continues to service, to secondary market investors. MSRs are amortized as a reduction to servicing income over the estimated lives of the underlying loans. MSRs are stratified and evaluated for impairment by comparing each stratum's carrying amount to its estimated fair value. Fair values are determined at the end of each quarter through a discounted cash flows valuation. Significant inputs to the valuations include expected net servicing income, the discount rate and the expected life of the underlying loans. Expected life is based on the contractual terms of the loans, as adjusted for prepayment projections for mortgage-backed securities with rates and terms comparable to the loans underlying the MSRs. The annual constant prepayment rates used in the March 31, 2012 discounted cash flows valuation ranged from 11.0% to 18.5%, and were based on the weighted average remaining term of loans in each stratum.

As required by FASB ASC Section 825-10-50, the following table details the book values and estimated fair values of the Corporation’s financial instruments as of March 31, 2012 and December 31, 2011. In addition, a general description of the methods and assumptions used to estimate such fair values is also provided.

Fair values of financial instruments are significantly affected by assumptions used, principally the timing of future cash flows and discount rates. Because assumptions are inherently subjective in nature, the estimated fair values cannot be substantiated by comparison to independent market quotes and, in many cases, the estimated fair values could not necessarily be realized in an immediate sale or settlement of the instrument. The aggregate fair value amounts presented do not necessarily represent management’s estimate of the underlying value of the Corporation.

	March 31, 2012				December 31, 2011
	Book Value		Estimated Fair Value		Book Value		Estimated Fair Value
	(in thousands)
FINANCIAL ASSETS
Cash and due from banks	$	286,875	$	286,875	$	292,598	$	292,598
Interest-bearing deposits with other banks	106,227		106,227		175,336		175,336
Loans held for sale (1)	70,128		70,128		47,009		47,009
Securities held to maturity	6,608		6,626		6,669		6,699
Securities available for sale (1)	3,082,799		3,082,799		2,673,298		2,673,298
Loans, net of unearned income (1)	11,957,600		11,793,170		11,968,970		11,992,586
Accrued interest receivable	51,247		51,247		51,098		51,098
Other financial assets (1)	138,327		138,327		315,952		315,952
FINANCIAL LIABILITIES
Demand and savings deposits	$	8,464,151	$	8,464,151	$	8,511,789	$	8,511,789
Time deposits	3,876,571		3,917,020		4,013,950		4,056,247
Short-term borrowings	964,550		964,550		597,033		597,033
Accrued interest payable	27,674		27,674		25,686		25,686
Other financial liabilities (1)	122,118		122,118		69,816		69,816
Federal Home Loan Bank advances and long-term debt	933,981		876,401		1,040,149		982,010

(1) Description of fair value determinations for these financial instruments, or certain financial instruments within these categories, measured at fair value on the Corporation’s consolidated balance sheets, are disclosed above.

For short-term financial instruments, defined as those with remaining maturities of 90 days or less and excluding those recorded at fair value on the Corporation’s consolidated balance sheets, book value was considered to be a reasonable estimate of fair value.

The following instruments are predominantly short-term:

Assets	Liabilities
Cash and due from banks	Demand and savings deposits
Interest bearing deposits	Short-term borrowings
Federal funds sold	Accrued interest payable
Accrued interest receivable	Other financial liabilities

For those financial instruments within the above-listed categories with remaining maturities greater than 90 days, fair values were determined by discounting contractual cash flows using rates which could be earned for assets with similar remaining maturities and, in the case of liabilities, rates at which the liabilities with similar remaining maturities could be issued as of the balance sheet date.

The estimated fair values of securities held to maturity as of March 31, 2012 and December 31, 2011 were based on quoted market prices. The estimated fair value of securities would be categorized within Level 2 assets under FASB ASC Topic 820.

Estimated fair values for loans and time deposits were estimated by discounting future cash flows using the current rates at which similar loans would be made to borrowers for the same remaining maturities. Fair values estimated in this manner do not fully incorporate an exit price approach to fair value, as defined in FASB ASC Topic 820.

The fair value of FHLB advances and long-term debt was estimated by discounting the remaining contractual cash flows using a rate at which the Corporation could issue debt with a similar remaining maturity as of the balance sheet date. The estimated fair value of these borrowings would be categorized within Level 2 assets under FASB ASC Topic 820.

The fair values of commitments to extend credit and standby letters of credit are estimated to equal their carrying amounts.

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Loans and Allowance for Credit Losses (Tables)

3 Months Ended

Mar. 31, 2012

Receivables [Abstract]

Summary of Gross Loans by Type

Loans, net of unearned income are summarized as follows:

	March 31, 2012			December 31, 2011
	(in thousands)
Real-estate - commercial mortgage	$	4,634,428		$	4,602,596
Commercial - industrial, financial and agricultural	3,518,228			3,639,368
Real-estate - home equity	1,601,880			1,624,562
Real-estate - residential mortgage	1,176,947			1,097,192
Real-estate - construction	647,700			615,445
Consumer	308,495			318,101
Leasing and other	62,994			63,254
Overdrafts	13,782			15,446
Loans, gross of unearned income	11,964,454			11,975,964
Unearned income	(6,854		)	(6,994		)
Loans, net of unearned income	$	11,957,600		$	11,968,970

Schedule of Allowance for Credit Losses

The following table presents the components of the allowance for credit losses:

	March 31, 2012		December 31, 2011
	(in thousands)
Allowance for loan losses	$	256,496	$	256,471
Reserve for unfunded lending commitments	1,641		1,706
Allowance for credit losses	$	258,137	$	258,177

Activity in the Allowance for Credit Losses

The following table presents the activity in the allowance for credit losses for the three months ended March 31:

	2012			2011
	(in thousands)
Balance at beginning of period	$	258,177		$	275,498
Loans charged off	(30,259		)	(45,529		)
Recoveries of loans previously charged off	2,219			3,187
Net loans charged off	(28,040		)	(42,342		)
Provision for credit losses	28,000			38,000
Balance at end of period	$	258,137		$	271,156

The following tables present the activity in the allowance for loan losses by portfolio segment for the three months ended March 31, 2012 and 2011:

	Real Estate - Commercial Mortgage			Commercial - Industrial, Financial and Agricultural			Real Estate - Home Equity			Real Estate - Residential Mortgage			Real Estate - Construction			Consumer			Leasing and other and overdrafts			Unallocated			Total
	(in thousands)
Three months ended March 31, 2012
Balance at December 31, 2011	$	85,112		$	74,896		$	12,841		$	22,986		$	30,066		$	2,083		$	2,397		$	26,090		$	256,471
Loans charged off	(11,891		)	(5,669		)	(2,206		)	(847		)	(8,571		)	(634		)	(441		)	—			(30,259		)
Recoveries of loans previously charged off	816			636			20			73			64			350			260			—			2,219
Net loans charged off	(11,075		)	(5,033		)	(2,186		)	(774		)	(8,507		)	(284		)	(181		)	—			(28,040		)
Provision for loan losses (1)	7,615			9,893			2,428			2,639			9,627			(156		)	1,058			(5,039		)	28,065
Balance at March 31, 2012	$	81,652		$	79,756		$	13,083		$	24,851		$	31,186		$	1,643		$	3,274		$	21,051		$	256,496
Three months ended March 31, 2011
Balance at December 31, 2010	$	40,831		$	101,436		$	6,454		$	17,425		$	58,117		$	4,669		$	3,840		$	41,499		$	274,271
Loans charged off	(10,047		)	(13,336		)	(1,468		)	(4,996		)	(13,894		)	(1,291		)	(497		)	—			(45,529		)
Recoveries of loans previously charged off	1,535			391			1			44			563			309			344			—			3,187
Net loans charged off	(8,512		)	(12,945		)	(1,467		)	(4,952		)	(13,331		)	(982		)	(153		)	—			(42,342		)
Provision for loan losses (1)	16,239			11,689			669			7,102			10,705			1,049			(1,111		)	(7,999		)	38,343
Balance at March 31, 2011	$	48,558		$	100,180		$	5,656		$	19,575		$	55,491		$	4,736		$	2,576		$	33,500		$	270,272

(1) Provision for loan losses is gross of a $65,000 and $343,000 decrease, respectively, in provision applied to unfunded commitments for the three months ended March 31, 2012 and 2011. The total provision for credit losses, comprised of allocations for both funded and unfunded loans, was $28.0 million and $38.0 million for the three months ended March 31, 2012 and 2011, respectively.

The following tables present loans, net of unearned income and their related allowance for loan losses, by portfolio segment, as of March 31, 2012 and 2011:

	Real Estate - Commercial Mortgage		Commercial - Industrial, Financial and Agricultural		Real Estate - Home Equity		Real Estate - Residential Mortgage		Real Estate - Construction		Consumer		Leasing and other and overdrafts		Unallocated (1)		Total
	(in thousands)
Allowance for loan losses at March 31, 2012
Measured for impairment under FASB ASC Subtopic 450-20	$	50,619	$	47,484	$	9,549	$	8,045	$	17,551	$	1,638	$	3,253	$	21,051	$	159,190
Evaluated for impairment under FASB ASC Section 310-10-35	31,033		32,272		3,534		16,806		13,635		5		21		N/A		97,306
	$	81,652	$	79,756	$	13,083	$	24,851	$	31,186	$	1,643	$	3,274	$	21,051	$	256,496
Loans, net of unearned income at March 31, 2012
Measured for impairment under FASB ASC Subtopic 450-20	$	4,523,691	$	3,441,018	$	1,595,522	$	1,136,199	$	581,381	$	308,487	$	69,890	N/A		$	11,656,188
Evaluated for impairment under FASB ASC Section 310-10-35	110,737		77,210		6,358		40,748		66,319		8		32		N/A		301,412
	$	4,634,428	$	3,518,228	$	1,601,880	$	1,176,947	$	647,700	$	308,495	$	69,922	N/A		$	11,957,600
Allowance for loan losses at March 31, 2011
Measured for impairment under FASB ASC Subtopic 450-20	$	26,327	$	36,709	$	5,656	$	15,288	$	39,448	$	4,736	$	2,576	$	33,500	$	164,240
Evaluated for impairment under FASB ASC Section 310-10-35	22,231		63,471		—		4,287		16,043		—		—		N/A		106,032
	$	48,558	$	100,180	$	5,656	$	19,575	$	55,491	$	4,736	$	2,576	$	33,500	$	270,272
Loans, net of unearned income at March 31, 2011
Measured for impairment under FASB ASC Subtopic 450-20	$	4,224,868	$	3,472,225	$	1,620,340	$	1,003,323	$	629,359	$	337,413	$	60,051	N/A		$	11,347,579
Evaluated for impairment under FASB ASC Section 310-10-35	167,811		220,443		—		18,928		118,447		—		—		N/A		525,629
	$	4,392,679	$	3,692,668	$	1,620,340	$	1,022,251	$	747,806	$	337,413	$	60,051	N/A		$	11,873,208

(1) The Corporation’s unallocated allowance, which was approximately 8% and 12% as of March 31, 2012 and 2011, respectively, was reasonable and appropriate as the estimates used in the allocation process are inherently imprecise.

N/A – Not applicable

Total Impaired Loans by Class Segment

The following table presents total impaired loans by class segment:

													Three Months Ended				Three Months Ended
	March 31, 2012						December 31, 2011						March 31, 2012				March 31, 2011
	Unpaid Principal Balance		Recorded Investment		Related Allowance		Unpaid Principal Balance		Recorded Investment		Related Allowance		Average Recorded Investment		Interest Income Recognized (1)		Average Recorded Investment		Interest Income Recognized
	(in thousands)
With no related allowance recorded:
Real estate - commercial mortgage	$	54,397	$	40,526	$	—	$	54,445	$	46,768	$	—	$	43,647	$	71	$	54,346	$	403
Commercial - secured	28,420		21,679		—		35,529		28,440		—		25,060		7		25,767		146
Commercial - unsecured	13		13		—		—		—		—		7		—		528		3
Real estate - home equity	500		500		—		—		—		—		350		—		—		—
Real estate - residential mortgage	491		491		—		199		199		—		246		2		13,665		43
Construction - commercial residential	66,370		30,492		—		62,822		31,233		—		30,863		25		32,406		178
Construction - commercial	3,597		3,143		—		3,604		3,298		—		3,221		2		2,909		20
	153,788		96,844				156,599		109,938				103,394		107		129,621		793
With a related allowance recorded:
Real estate - commercial mortgage	91,655		70,211		31,033		100,529		79,566		36,060		74,889		122		108,720		839
Commercial - secured	67,416		52,478		30,005		61,970		47,652		26,248		50,065		13		194,450		1,177
Commercial - unsecured	3,408		3,040		2,267		3,139		2,789		2,177		2,915		1		6,782		31
Real estate - home equity	5,858		5,858		3,534		5,294		5,294		3,076		5,576		—		15,664		90
Real estate - residential mortgage	40,257		40,257		16,806		39,918		39,918		16,295		40,088		390		91,482		435
Construction - commercial residential	42,751		28,492		11,886		41,176		25,632		11,287		27,062		22		2,901		17
Construction - commercial	5,201		3,020		1,065		3,221		1,049		506		2,035		2		—		—
Construction - other	1,172		1,172		684		1,127		1,127		663		1,150		1		—		—
Consumer - direct	8		8		5		368		368		228		188		—		—		—
Leasing and other and overdrafts	32		32		21		56		56		37		44		—		—		—
Total	257,758		204,568		97,306		256,798		203,451		96,577		204,012		551		419,999		2,589
	$	411,546	$	301,412	$	97,306	$	413,397	$	313,389	$	96,577	$	307,406	$	658	$	549,620	$	3,382

(1) Effective April 1, 2011 all impaired loans, excluding certain accruing TDRs, were non-accrual loans. Interest income recognized for the three months ended March 31, 2012 represents amounts earned on accruing TDRs.

Financing Receivable Credit Quality Indicators

The following table presents internal credit risk ratings for commercial loans, commercial mortgages and certain construction loans, by class segment:

	Pass						Special Mention						Substandard or Lower						Total
	March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011
	(in thousands)
Real estate - commercial mortgage	$	4,127,388		$	4,099,103		$	169,227		$	160,935		$	337,813		$	342,558		$	4,634,428		$	4,602,596
Commercial - secured	2,877,106			2,977,957			160,129			166,588			258,410			249,014			3,295,645			3,393,559
Commercial -unsecured	208,144			230,962			3,371			6,066			11,068			8,781			222,583			245,809
Total commercial - industrial, financial and agricultural	3,085,250			3,208,919			163,500			172,654			269,478			257,795			3,518,228			3,639,368
Construction - commercial residential	167,038			175,706			48,350			50,854			141,222			126,378			356,610			352,938
Construction - commercial	211,577			186,049			4,684			7,022			18,308			16,309			234,569			209,380
Total construction (excluding Construction - other)	378,615			361,755			53,034			57,876			159,530			142,687			591,179			562,318
	$	7,591,253		$	7,669,777		$	385,761		$	391,465		$	766,821		$	743,040		$	8,743,835		$	8,804,282
% of Total	86.8		%	87.1		%	4.4		%	4.5		%	8.8		%	8.4		%	100.0		%	100.0		%

The following table presents a summary of delinquency and non-performing status for home equity, residential mortgages, construction - other and consumer loans by class segment:

	Performing						Delinquent (1)						Non-performing (2)						Total
	March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011			March 31, 2012			December 31, 2011
	(in thousands)
Real estate - home equity	$	1,579,174		$	1,601,722		$	11,792		$	11,633		$	10,914		$	11,207		$	1,601,880		$	1,624,562
Real estate - residential mortgage	1,121,395			1,043,733			32,536			37,123			23,016			16,336			1,176,947			1,097,192
Construction - other	54,424			49,593			843			2,341			1,254			1,193			56,521			53,127
Consumer - direct	31,529			34,263			505			657			407			518			32,441			35,438
Consumer - indirect	146,798			151,112			1,518			2,437			81			183			148,397			153,732
Consumer - other	122,518			122,894			2,793			3,354			2,346			2,683			127,657			128,931
Total consumer	300,845			308,269			4,816			6,448			2,834			3,384			308,495			318,101
Leasing and other and overdrafts	69,097			70,550			477			1,049			348			107			69,922			71,706
	$	3,124,935		$	3,073,867		$	50,464		$	58,594		$	38,366		$	32,227		$	3,213,765		$	3,164,688
% of Total	97.2		%	97.1		%	1.6		%	1.9		%	1.2		%	1.0		%	100.0		%	100.0		%

(1) Includes all accruing loans 31 days to 89 days past due.

(2) Includes all accruing loans 90 days or more past due and all non-accrual loan

Non-Performing Assets

The following table presents non-performing assets:

	March 31, 2012		December 31, 2011
	(in thousands)
Non-accrual loans	$	248,719	$	257,761
Accruing loans greater than 90 days past due	35,270		28,767
Total non-performing loans	283,989		286,528
Other real estate owned (OREO)	33,516		30,803
Total non-performing assets	$	317,505	$	317,331

Troubled Debt Restructurings on Financing Receivables

The following table presents TDRs, by portfolio segment:

	March 31, 2012		December 31, 2011
	(in thousands)
Real-estate - residential mortgage	$	33,800	$	32,331
Real-estate - commercial mortgage	28,153		22,425
Real-estate - construction	10,303		7,645
Commercial - industrial, financial and agricultural	4,075		3,581
Consumer	464		193
Total accruing TDRs	76,795		66,175
Non-accrual TDRs (1)	32,411		32,587
Total TDRs	$	109,206	$	98,762

(1) Included within non-accrual loans in table detailing non-performing assets above

Loan Terms Modified Under Troubled Debt Restructurings

The following table presents loans modified as TDRs during the three months ended March 31, 2012 and classified as TDRs as of March 31, 2012, by class segment:

	Number of Loans	Recorded Investment
	(dollars in thousands)
Construction - commercial residential	3	$	6,365
Real estate - residential mortgage	13	4,679
Commercial - secured	5	3,040
Real estate - commercial mortgage	4	5,669
Real estate - home equity	2	171
	27	$	19,924

The following table presents loans modified as TDRs within the previous 12 months, and classified as TDRs as of March 31, 2012, which had a payment default during the three months ended March 31, 2012, by class segment:

	Number of Loans	Recorded Investment
	( dollars in thousands)
Construction - commercial residential	3	$	7,550
Real estate - commercial mortgage	9	4,088
Real estate - residential mortgage	8	1,714
Commercial - secured	2	115
Real estate - home equity	2	239
	24	$	13,706

Past due Loan Status and Non-Accrual Loans by Portfolio Segment

The following table presents past due status and non-accrual loans by portfolio segment and class segment:

	March 31, 2012
	31-59 Days Past Due		60-89 Days Past Due		≥ 90 Days Past Due and Accruing		Non- accrual		Total ≥ 90 Days		Total Past Due		Current		Total
	(in thousands)
Real estate - commercial mortgage	$	13,925	$	5,796	$	5,564	$	98,512	$	104,076	$	123,797	$	4,510,631	$	4,634,428
Commercial - secured	6,739		4,712		6,202		73,687		79,889		91,340		3,204,305		3,295,645
Commercial - unsecured	499		469		70		2,925		2,995		3,963		218,620		222,583
Total commercial - industrial, financial and agricultural	7,238		5,181		6,272		76,612		82,884		95,303		3,422,925		3,518,228
Real estate - home equity	8,826		2,966		5,167		5,747		10,914		22,706		1,579,174		1,601,880
Real estate - residential mortgage	22,838		9,698		15,274		7,742		23,016		55,552		1,121,395		1,176,947
Construction - commercial residential	2,329		478		—		52,372		52,372		55,179		301,431		356,610
Construction - commercial	—		—		128		6,163		6,291		6,291		228,278		234,569
Construction - other	171		672		82		1,172		1,254		2,097		54,424		56,521
Total real estate - construction	2,500		1,150		210		59,707		59,917		63,567		584,133		647,700
Consumer - direct	377		128		41		366		407		912		31,529		32,441
Consumer - indirect	1,211		307		81		—		81		1,599		146,798		148,397
Consumer - other	1,741		1,052		2,346		—		2,346		5,139		122,518		127,657
Total consumer	3,329		1,487		2,468		366		2,834		7,650		300,845		308,495
Leasing and other and overdrafts	388		89		315		33		348		825		69,097		69,922
	$	59,044	$	26,367	$	35,270	$	248,719	$	283,989	$	369,400	$	11,588,200	$	11,957,600
	December 31, 2011
	31-59 Days Past Due		60-89 Days Past Due		≥ 90 Days Past Due and Accruing		Non- accrual		Total ≥ 90 Days		Total Past Due		Current		Total
	(in thousands)
Real estate - commercial mortgage	$	11,167	$	14,437	$	4,394	$	109,412	$	113,806	$	139,410	$	4,463,186	$	4,602,596
Commercial - secured	9,284		4,498		4,831		73,048		77,879		91,661		3,301,899		3,393,560
Commercial - unsecured	671		515		409		2,656		3,065		4,251		241,557		245,808
Total commercial - industrial, financial and agricultural	9,955		5,013		5,240		75,704		80,944		95,912		3,543,456		3,639,368
Real estate - home equity	7,439		4,194		5,714		5,493		11,207		22,840		1,601,722		1,624,562
Real estate - residential mortgage	23,877		13,246		8,502		7,834		16,336		53,459		1,043,733		1,097,192
Construction - commercial residential	2,372		4,824		1,656		53,420		55,076		62,272		290,665		352,937
Construction - commercial	31		—		128		4,347		4,475		4,506		204,875		209,381
Construction - other	2,341		—		66		1,127		1,193		3,534		49,593		53,127
Total real estate - construction	4,744		4,824		1,850		58,894		60,744		70,312		545,133		615,445
Consumer - direct	455		202		150		368		518		1,175		34,263		35,438
Consumer - indirect	1,997		440		183		—		183		2,620		151,112		153,732
Consumer - other	2,251		1,103		2,683		—		2,683		6,037		122,894		128,931
Total consumer	4,703		1,745		3,016		368		3,384		9,832		308,269		318,101
Leasing and other and overdrafts	925		124		51		56		107		1,156		70,550		71,706
	$	62,810	$	43,583	$	28,767	$	257,761	$	286,528	$	392,921	$	11,576,049	$	11,968,970

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Loans and Allowance for Credit Losses Total Impaired Loans by Class Segments (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012		Mar. 31, 2011	Dec. 31, 2011
Impaired Financing Receivables [Line Items]
Unpaid principal balance, with no related allowance	$ 153,788			$ 156,599
Unpaid principal balance, with related allowance	257,758			256,798
Unpaid Principal Balance	411,546			413,397
Recorded investment, with no related allowance	96,844			109,938
Recorded investment, with related allowance	204,568			203,451
Recorded Investment	301,412			313,389
Related Allowance	97,306			96,577
Average recorded investment, with no related allowance	103,394		129,621
Average recorded investment, with related allowance	204,012		419,999
Average recorded investment	307,406		549,620
Interest income recognized, with no related allowance	107	[1]	793
Interest income recognized, with related allowance	551	[1]	2,589
Interest income on impaired loans	658	[1]	3,382
Real-estate commercial mortage [Member]
Impaired Financing Receivables [Line Items]
Unpaid principal balance, with no related allowance	54,397			54,445
Unpaid principal balance, with related allowance	91,655			100,529
Recorded investment, with no related allowance	40,526			46,768
Recorded investment, with related allowance	70,211			79,566
Related Allowance	31,033			36,060
Average recorded investment, with no related allowance	43,647		54,346
Average recorded investment, with related allowance	74,889		108,720
Interest income recognized, with no related allowance	71	[1]	403
Interest income recognized, with related allowance	122	[1]	839
Commercial - secured [Member]
Impaired Financing Receivables [Line Items]
Unpaid principal balance, with no related allowance	28,420			35,529
Unpaid principal balance, with related allowance	67,416			61,970
Recorded investment, with no related allowance	21,679			28,440
Recorded investment, with related allowance	52,478			47,652
Related Allowance	30,005			26,248
Average recorded investment, with no related allowance	25,060		25,767
Average recorded investment, with related allowance	50,065		194,450
Interest income recognized, with no related allowance	7	[1]	146
Interest income recognized, with related allowance	13	[1]	1,177
Commercial - unsecured [Member]
Impaired Financing Receivables [Line Items]
Unpaid principal balance, with no related allowance	13			0
Unpaid principal balance, with related allowance	3,408			3,139
Recorded investment, with no related allowance	13			0
Recorded investment, with related allowance	3,040			2,789
Related Allowance	2,267			2,177
Average recorded investment, with no related allowance	7		528
Average recorded investment, with related allowance	2,915		6,782
Interest income recognized, with no related allowance	0	[1]	3
Interest income recognized, with related allowance	1	[1]	31
Real-estate - home equity [Member]
Impaired Financing Receivables [Line Items]
Unpaid principal balance, with no related allowance	500			0
Unpaid principal balance, with related allowance	5,858			5,294
Recorded investment, with no related allowance	500			0
Recorded investment, with related allowance	5,858			5,294
Related Allowance	3,534			3,076
Average recorded investment, with no related allowance	350
Average recorded investment, with related allowance	5,576		15,664
Interest income recognized, with related allowance			90
Real-estate - residential mortgage [Member]
Impaired Financing Receivables [Line Items]
Unpaid principal balance, with no related allowance	491			199
Unpaid principal balance, with related allowance	40,257			39,918
Recorded investment, with no related allowance	491			199
Recorded investment, with related allowance	40,257			39,918
Related Allowance	16,806			16,295
Average recorded investment, with no related allowance	246		13,665
Average recorded investment, with related allowance	40,088		91,482
Interest income recognized, with no related allowance	2	[1]	43
Interest income recognized, with related allowance	390	[1]	435
Construction - commercial residential [Member]
Impaired Financing Receivables [Line Items]
Unpaid principal balance, with no related allowance	66,370			62,822
Unpaid principal balance, with related allowance	42,751			41,176
Recorded investment, with no related allowance	30,492			31,233
Recorded investment, with related allowance	28,492			25,632
Related Allowance	11,886			11,287
Average recorded investment, with no related allowance	30,863		32,406
Average recorded investment, with related allowance	27,062		2,901
Interest income recognized, with no related allowance	25	[1]	178
Interest income recognized, with related allowance	22	[1]	17
Construction - commercial [Member]
Impaired Financing Receivables [Line Items]
Unpaid principal balance, with no related allowance	3,597			3,604
Unpaid principal balance, with related allowance	5,201			3,221
Recorded investment, with no related allowance	3,143			3,298
Recorded investment, with related allowance	3,020			1,049
Related Allowance	1,065			506
Average recorded investment, with no related allowance	3,221		2,909
Average recorded investment, with related allowance	2,035
Interest income recognized, with no related allowance	2	[1]	20
Interest income recognized, with related allowance	2	[1]
Construction other [Member]
Impaired Financing Receivables [Line Items]
Unpaid principal balance, with related allowance	1,172			1,127
Recorded investment, with related allowance	1,172			1,127
Related Allowance	684			663
Average recorded investment, with related allowance	1,150
Interest income recognized, with related allowance	1	[1]
Consumer - direct [Member]
Impaired Financing Receivables [Line Items]
Unpaid principal balance, with related allowance	8			368
Recorded investment, with related allowance	8			368
Related Allowance	5			228
Average recorded investment, with related allowance	188
Leasing and other and overdrafts [Member]
Impaired Financing Receivables [Line Items]
Unpaid principal balance, with related allowance	32			56
Recorded investment, with related allowance	32			56
Related Allowance	21			37
Average recorded investment, with related allowance	$ 44

[1] )Effective April 1, 2011 all impaired loans, excluding certain accruing TDRs, were non-accrual loans. Interest income recognized for the three months ended March 31, 2012 represents amounts earned on accruing TDRs.

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Investment Securities Gross Unrealized Losses and Fair Values of Investments by Category and Length of Time in a Continuous Unrealized Loss Position (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012
Available For Sale and Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	$ 398,140
Unrealized Losses, less than 12 months, Available for Sale and Held to Maturity, Combined	(4,146)
Estimated Fair Value, 12 months or longer, Available for Sale and Held to Maturity, Combined	238,869
Unrealized Losses, 12 months or longer, Available for Sale and Held to Maturity, Combined	(27,302)
Estimated Fair Value, Total	637,009
Unrealized Losses, Total	(31,448)
U.S. Government-Sponsored Agency Securities [Member]
Available For Sale and Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	197
Unrealized Losses, less than 12 months, Available for Sale and Held to Maturity, Combined	(1)
Estimated Fair Value, 12 months or longer, Available for Sale and Held to Maturity, Combined	5,379
Unrealized Losses, 12 months or longer, Available for Sale and Held to Maturity, Combined	(21)
Estimated Fair Value, Total	5,576
Unrealized Losses, Total	(22)
State and Municipal Securities [Member]
Estimated Fair Value, Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	1,676
Unrealized Losses, Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(36)
Estimated Fair Value, Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0
Unrealized Losses, Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses,	0
Estimated Fair Value, Total	1,676
Unrealized Losses, Total	(36)
Corporate Debt Securities [Member]
Estimated Fair Value, Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	9,503
Unrealized Losses, Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(1,660)
Estimated Fair Value, Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	37,877
Unrealized Losses, Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses,	(9,681)
Estimated Fair Value, Total	47,380
Unrealized Losses, Total	(11,341)
Collateralized Mortgage Obligations [Member]
Estimated Fair Value, Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	161,795
Unrealized Losses, Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(419)
Estimated Fair Value, Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0
Unrealized Losses, Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses,	0
Estimated Fair Value, Total	161,795
Unrealized Losses, Total	(419)
Mortgage-Backed Securities [Member]
Estimated Fair Value, Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	201,971
Unrealized Losses, Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(646)
Estimated Fair Value, Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0
Unrealized Losses, Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses,	0
Estimated Fair Value, Total	201,971
Unrealized Losses, Total	(646)
Auction Rate Securities [Member]
Estimated Fair Value, Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	14,574
Unrealized Losses, Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(623)
Estimated Fair Value, Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	193,699
Unrealized Losses, Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses,	(17,333)
Estimated Fair Value, Total	208,273
Unrealized Losses, Total	(17,956)
Debt Securities [Member]
Estimated Fair Value, Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	389,716
Unrealized Losses, Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(3,385)
Estimated Fair Value, Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	236,955
Unrealized Losses, Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses,	(27,035)
Estimated Fair Value, Total	626,671
Unrealized Losses, Total	(30,420)
Equity Securities [Member]
Estimated Fair Value, Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	8,424
Unrealized Losses, Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Losses	(761)
Estimated Fair Value, Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	1,914
Unrealized Losses, Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Losses,	(267)
Estimated Fair Value, Total	10,338
Unrealized Losses, Total	$ (1,028)

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Consolidated Statements of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Net Income	$ 38,132	$ 33,785
Unrealized gain on securities (net of a $2.5 million and $1.9 million tax effect in 2012 and 2011, respectively)	4,584	3,568
Non-credit related unrealized gain on other-than-temporarily impaired debt securities (net of a $73,000 and $134,000 tax effect in 2012 and 2011, respectively)	135	249
Unrealized gain on derivative financial instruments (net of an $18,000 tax effect in 2012 and 2011)	34	34
Amortization (accretion) of net unrecognized pension and postretirement plan items (net of a $115,000 and $6,000 tax effect in 2012 and 2011, respectively)	214	(12)
Reclassification adjustment for securities gains included in net income (net of a $438,000 and $800,000 tax effect in 2012 and 2011, respectively)	(813)	(1,485)
Other comprehensive income	4,154	2,354
Total Comprehensive Income	$ 42,286	$ 36,139

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Basis of Presentation

3 Months Ended

Mar. 31, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Basis of Presentation

The accompanying unaudited consolidated financial statements of Fulton Financial Corporation (the Corporation) have been prepared in conformity with U.S. generally accepted accounting principles (U.S. GAAP) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities as of the date of the financial statements as well as revenues and expenses during the period. Actual results could differ from those estimates. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three-month period ended March 31, 2012 are not necessarily indicative of the results that may be expected for the year ending December 31, 2012. The Corporation evaluates subsequent events through the date of filing with the Securities and Exchange Commission (SEC).

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Stock-Based Compensation Compensation Expense and Related Tax Benefits (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based compensation expense	$ 713	$ 547
Tax benefit	(159)	(136)
Stock-based compensation expense, net of tax	$ 554	$ 411

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Fair Value Measurements Narrative (Details) (USD $)	3 Months Ended		3 Months Ended
	Mar. 31, 2012	Dec. 31, 2011	Mar. 31, 2012 Minimum [Member]	Mar. 31, 2012 Maximum [Member]	Mar. 31, 2012 Equity Securities [Member]	Dec. 31, 2011 Equity Securities [Member]	Mar. 31, 2012 Corporate Debt Securities [Member]	Dec. 31, 2011 Corporate Debt Securities [Member]	Mar. 31, 2012 Single-issuer Trust Preferred Securities [Member]	Dec. 31, 2011 Single-issuer Trust Preferred Securities [Member]	Mar. 31, 2012 Pooled Trust Preferred Securities [Member]	Dec. 31, 2011 Pooled Trust Preferred Securities [Member]	Mar. 31, 2012 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]	Dec. 31, 2011 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]	Mar. 31, 2012 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member] Equity Securities Financial Institution [Member]	Dec. 31, 2011 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member] Equity Securities Financial Institution [Member]	Mar. 31, 2012 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member] Equity Securities, Other [Member]	Dec. 31, 2011 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member] Equity Securities, Other [Member]	Dec. 31, 2010 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member] Equity Securities, Other [Member]	Mar. 31, 2012 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member] Financial Institutions Subordinated Debt [Member]	Dec. 31, 2011 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member] Financial Institutions Subordinated Debt [Member]	Mar. 31, 2012 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member] Single-issuer Trust Preferred Securities [Member]	Dec. 31, 2011 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member] Single-issuer Trust Preferred Securities [Member]	Mar. 31, 2012 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member] Other Corporate Debt [Member]	Dec. 31, 2011 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member] Other Corporate Debt [Member]	Mar. 31, 2012 Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member] Single-issuer Trust Preferred Securities [Member]	Dec. 31, 2011 Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member] Single-issuer Trust Preferred Securities [Member]	Mar. 31, 2012 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member] Single-issuer Trust Preferred Securities [Member]	Dec. 31, 2011 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member] Single-issuer Trust Preferred Securities [Member]	Mar. 31, 2012 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member] Pooled Trust Preferred Securities [Member]	Mar. 31, 2012 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 3 [Member]	Dec. 31, 2011 Fair Value, Measurements, Nonrecurring [Member] Fair Value, Inputs, Level 3 [Member]
Short Term Investments Maximum Borrowing Term In Days	greater than 90 days
Significant Input, Assumed Market Return to Liquidity, Years	3 years
Fair Value, Equity Securities, Value Test Coverage, Percent	80.00%
Fair Value, Equity Securities, Fair Value Price Difference Threshold, Percent	5.00%
Short Term Borrowings, Reprice Period, In Days	90
Available-for-sale Securities, Equity Securities															$ 26,800,000	$ 27,900,000	$ 6,600,000	$ 6,700,000	$ 7,100,000
Restricted equity securities issued by the Federal Home Loan Bank and Federal Reserve Bank					79,700,000	82,500,000							79,700,000	82,500,000
Corporate debt securities	2,969,680,000						127,580,000	123,306,000	77,625,000	74,365,000	5,062,000	5,109,000								42,400,000	41,300,000	73,200,000	70,200,000	2,500,000	2,500,000	77,600,000	74,400,000	4,400,000	4,200,000	5,100,000
Other real estate owned (OREO)	33,516,000	30,803,000																													33,500,000	30,800,000
Servicing Asset at Amortized Value, Fair Value																															$ 33,700,000	$ 33,100,000
Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Prepayment Speed			11.00%	18.50%

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Mortgage Servicing Rights (Tables)

3 Months Ended

Mar. 31, 2012

Transfers and Servicing [Abstract]

Summary of Changes in Mortgage Servicing Rights

The following table summarizes the changes in mortgage servicing rights (MSRs) for the three months ended March 31, which are included in other assets on the consolidated balance sheets:

	2012			2011
	(in thousands)
Amortized cost:
Balance at beginning of period	$	34,666		$	30,700
Originations of mortgage servicing rights	2,778			2,658
Amortization	(2,185		)	(1,298		)
Balance at end of period	$	35,259		$	32,060
Valuation allowance	$	(1,550	)	$	(1,550	)
Net MSRs at end of period	$	33,709		30,510

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Investment Securities Schedule of Amortized Cost and Fair Values of Debt Securities by Contractual Maturities (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2012
Held-to-maturity Securities, Debt Maturities, within One Year, Net Carrying Amount	$ 179
Held-to-maturity Securities, Debt Maturities, within One Year, Fair Value	179
Available-for-sale Securities, Debt Maturities, within One Year, Amortized Cost Basis	55,804
Available-for-sale Securities, Debt Maturities, within One Year, Fair Value	56,063
Held-to-maturity Securities, Debt Maturities, after One Through Five Years, Net Carrying Amount	6,001
Held-to-maturity Securities, Debt Maturities, after One Through Five Years, Fair Value	5,980
Available-for-sale Securities, Debt Maturities, after One Through Five Years, Amortized Cost Basis	42,008
Available-for-sale Securities, Debt Maturities, after One Through Five Years, Fair Value	43,985
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount	0
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Fair Value	0
Available-for-sale Securities, Debt Maturities, after Five Through Ten Years, Amortized Cost Basis	151,445
Available-for-sale Securities, Debt Maturities, after Five Through Ten Years, Fair Value	162,134
Held-to-maturity Securities, Debt Maturities, after Ten Years, Net Carrying Amount	0
Held-to-maturity Securities, Debt Maturities, after Ten Years, Fair Value	0
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis	425,652
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value	404,287
Held to Maturity Debt Securities, Before Securities Without Single Maturity	6,180
Held to Maturity, Debt Securities Fair Value, Before Securities Without Single Maturity	6,159
Available for Sale Securities, Debt Securities, Amortized Cost, Before Securities Without Debt Maturities	674,909
Available for Sale Securities, Debt Maturities, Before Securities Without Single Maturities	666,469
Held to Maturity Securities, Amortized Cost	6,608
Held-to-maturity Securities, Debt Maturities, Fair Value	6,626
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis	2,926,381
Available for Sale, Estimated Fair Value	2,969,680
Collateralized Mortgage Obligations [Member]
Held-to-maturity Securities, Debt Maturities, without Single Maturity Date, Net Carrying Amount	0
Held-to-maturity Securities, Debt Maturities, without Single Maturity Date, Fair Value	0
Mortgage-Backed Securities [Member]
Held-to-maturity Securities, Debt Maturities, without Single Maturity Date, Net Carrying Amount	428
Held-to-maturity Securities, Debt Maturities, without Single Maturity Date, Fair Value	467
Collateralized Mortgage Obligations [Member]
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis	1,077,326
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	1,096,585
Mortgage-Backed Securities [Member]
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis	1,174,146
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	$ 1,206,626

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Fair Value Option

3 Months Ended

Mar. 31, 2012

Fair Value Disclosures [Abstract]

Fair Value Option

Fair Value Option

FASB ASC Subtopic 825-10 permits entities to measure many financial instruments and certain other items at fair value and requires certain disclosures for amounts for which the fair value option is applied. The Corporation has elected to measure mortgage loans held for sale at fair value to more accurately reflect the financial results of its mortgage banking activities in its consolidated financial statements. Derivative financial instruments related to these activities are also recorded at fair value, as noted within Note I, "Derivative Financial Instruments." The Corporation determines fair value for its mortgage loans held for sale based on the price that secondary market investors would pay for loans with similar characteristics, including interest rate and term, as of the date fair value is measured. Changes in fair value during the period are recorded as components of mortgage banking income on the consolidated statements of income. Interest income earned on mortgage loans held for sale is recorded within interest income on the consolidated statements of income.

The following table presents a summary of the Corporation’s mortgage loans held for sale:

	March 31, 2012		December 31, 2011
	(in thousands)
Cost	$	68,569	$	45,324
Fair value	70,128		47,009

During the three months ended March 31, 2012, the Corporation recorded losses related to changes in fair values of mortgage loans held for sale of $126,000, compared to gains of $1.2 million