SEGMENT REPORTING

3 Months Ended

Mar. 31, 2012

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

NOTE 11 - SEGMENT REPORTING

The Company is a financial holding company with subsidiaries engaged in the business of banking and activities closely related to banking.  The Company determines reportable segments based upon the services offered, the significance of those services to the Company's financial condition and operating results and management's regular review of the operating results of those services.  The Company's primary segment is Community Banking, which includes providing a full range of deposit products, commercial loans and consumer loans.  The Company has also designated two additional reportable segments -- Insurance Agencies and General Corporate and Other.  The Company's insurance agencies serve as agents in the sale of commercial lines of insurance and full lines of property and casualty, life, health and employee benefits products and services.  The General Corporate and Other operating segment includes mortgage lending, trust services, credit card activities, investment services and other activities not allocated to the Community Banking or Insurance Agencies operating segments.

Results of operations and selected financial information by operating segment for the three-month periods ended March 31, 2012 and 2011 were as follows:

	Community Banking			Insurance Agencies		General Corporate and Other			Total
	(In thousands)
Three months ended March 31, 2012:
Results of Operations
Net interest revenue	$	107,652		$	73	$	(2,115	)	$	105,610
Provision for credit losses		10,228			-		(228	)		10,000
Net interest revenue after provision for credit losses		97,424			73		(1,887	)		95,610
Noninterest revenue		31,185			23,151		18,024			72,360
Noninterest expense		99,059			18,698		17,923			135,680
Income (loss) before income taxes		29,550			4,526		(1,786	)		32,290
Income tax expense (benefit)		9,172			1,819		(1,567	)		9,424
Net income (loss)	$	20,378		$	2,707	$	(219	)	$	22,866
Selected Financial Information
Total assets at end of period	$	10,765,843		$	175,763	$	2,365,966		$	13,307,572
Depreciation and amortization		6,022			874		699			7,595
Three months ended March 31, 2011:
Results of Operations
Net interest revenue	$	102,663		$	94	$	6,680		$	109,437
Provision for credit losses		53,241			-		238			53,479
Net interest revenue after provision for credit losses		49,422			94		6,442			55,958
Noninterest revenue		27,991			22,538		17,782			68,311
Noninterest expense		82,710			18,060		29,240			130,010
(Loss) income before income taxes		(5,297	)		4,572		(5,016	)		(5,741	)
Income tax (benefit) expense		(3,926	)		1,822		(3,143	)		(5,247	)
Net (loss) income	$	(1,371	)	$	2,750	$	(1,873	)	$	(494	)
Selected Financial Information
Total assets at end of period	$	10,636,472		$	164,488	$	2,746,278		$	13,547,238
Depreciation and amortization		6,273			975		1,082			8,330

The increased net income of the Community Banking operating segment for the three months ended March 31, 2012 was primarily related to the decrease in the provision for credit losses.