SEGMENT REPORTING

9 Months Ended

Sep. 30, 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 and nine-month periods ended September 30, 2012 and 2011 were as follows:

					General
	Community		Insurance		Corporate
	Banking		Agencies		and Other			Total
	(In thousands)
Three months ended September 30, 2012:
Results of Operations
Net interest revenue	$	105,075	$	62	$	(1,758	)	$	103,379
Provision for credit losses		5,726		-		274			6,000
Net interest revenue after provision for credit losses		99,349		62		(2,032	)		97,379
Noninterest revenue		31,026		23,461		15,933			70,420
Noninterest expense		87,039		20,721		26,028			133,788
Income (loss) before income taxes		43,336		2,802		(12,127	)		34,011
Income tax expense (benefit)		14,107		1,147		(5,068	)		10,186
Net income (loss)	$	29,229	$	1,655	$	(7,059	)	$	23,825
Selected Financial Information
Total assets at end of period	$	10,693,813	$	176,027	$	2,365,897		$	13,235,737
Depreciation and amortization		6,012		953		693			7,658
Three months ended September 30, 2011:
Results of Operations
Net interest revenue	$	101,092	$	79	$	6,904		$	108,075
Provision for credit losses		23,416		-		1,696			25,112
Net interest revenue after provision for credit losses		77,676		79		5,208			82,963
Noninterest revenue		30,940		22,009		9,106			62,055
Noninterest expense		83,028		19,032		28,638			130,698
Income (loss) before income taxes		25,588		3,056		(14,324	)		14,320
Income tax expense (benefit)		5,669		1,238		(4,521	)		2,386
Net income (loss)	$	19,919	$	1,818	$	(9,803	)	$	11,934
Selected Financial Information
Total assets at end of period	$	10,305,304	$	166,572	$	2,726,642		$	13,198,518
Depreciation and amortization		5,967		947		1,073			7,987

					General
	Community		Insurance		Corporate
	Banking		Agencies		and Other			Total
	(In thousands)
Nine months ended September 30, 2012
Results of Operations
Net interest revenue	$	319,376	$	211	$	(5,857	)	$	313,730
Provision for credit losses		20,242		-		1,758			22,000
Net interest revenue after provision for credit losses		299,134		211		(7,615	)		291,730
Noninterest revenue		91,956		69,516		47,776			209,248
Noninterest expense		270,155		58,882		76,937			405,974
Income (loss) before income taxes		120,935		10,845		(36,776	)		95,004
Income tax expense (benefit)		39,128		4,370		(15,809	)		27,689
Net income (loss)	$	81,807	$	6,475	$	(20,967	)	$	67,315
Selected Financial Information
Total assets at end of period	$	10,693,813	$	176,027	$	2,365,897		$	13,235,737
Depreciation and amortization		17,945		2,669		2,088			22,702
Nine months ended September 30, 2011
Results of Operations
Net interest revenue	$	306,635	$	258	$	20,531		$	327,424
Provision for credit losses		109,191		-		1,640			110,831
Net interest revenue after provision for credit losses		197,444		258		18,891			216,593
Noninterest revenue		99,845		67,436		38,229			205,510
Noninterest expense		257,683		56,095		83,999			397,777
Income (loss) before income taxes		39,606		11,599		(26,879	)		24,326
Income tax expense (benefit)		13,313		4,639		(17,892	)		60
Net income (loss)	$	26,293	$	6,960	$	(8,987	)	$	24,266
Selected Financial Information
Total assets at end of period	$	10,305,304	$	166,572	$	2,726,642		$	13,198,518
Depreciation and amortization		18,348		2,893		3,219			24,460

The increased net income of the Community Banking operating segment for the three months and nine months ended September 30, 2012 was primarily related to the decrease in the provision for credit losses.