XML 52 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
INTEREST REVENUE:        
Loans and leases $ 105,937 $ 114,260 $ 322,686 $ 348,510
Deposits with other banks 399 203 1,182 449
Federal funds sold and securities purchased under agreement to resell 2 0 3 166
Held-to-maturity securities:        
Taxable 0 0 0 13,080
Tax-exempt 0 0 0 5,638
Available-for-sale securities:        
Taxable 9,329 13,172 30,679 32,208
Tax-exempt 4,109 4,130 12,575 6,825
Loans held for sale 974 632 2,204 1,584
Total interest revenue 120,750 132,397 369,329 408,460
Deposits:        
Interest bearing demand 3,889 5,324 12,523 17,909
Savings 686 828 2,091 2,464
Other time 9,482 14,837 31,048 48,605
Federal funds purchased and securities sold under agreement to repurchase 73 95 202 382
Federal Home Loan Bank borrowings 364 375 1,097 3,092
Junior subordinated debt 2,875 2,861 8,633 8,580
Other 2 2 5 4
Total interest expense 17,371 24,322 55,599 81,036
Net interest revenue 103,379 108,075 313,730 327,424
Provision for credit losses 6,000 25,112 22,000 110,831
Net interest revenue, after provision for credit losses 97,379 82,963 291,730 216,593
NONINTEREST REVENUE:        
Mortgage lending 13,549 (1,443) 39,731 8,141
Credit card, debit card and merchant fees 8,270 12,981 23,580 34,590
Service charges 14,189 17,334 43,002 49,258
Trust income 3,101 2,854 8,522 8,838
Security gains, net 39 2,047 290 12,109
Insurance commissions 23,519 22,012 69,636 67,502
Other 7,753 6,270 24,487 25,072
Total noninterest revenue 70,420 62,055 209,248 205,510
NONINTEREST EXPENSE:        
Salaries and employee benefits 74,829 71,851 227,421 212,368
Occupancy, net of rental income 10,944 11,144 31,497 32,047
Equipment 5,083 5,346 15,540 16,599
Deposit insurance assessments 3,998 3,781 13,375 15,642
Prepayment penalty on FHLB borrowings 0 0 0 9,778
Other 38,934 38,576 118,141 111,343
Total noninterest expense 133,788 130,698 405,974 397,777
Income before income taxes 34,011 14,320 95,004 24,326
Income tax expense 10,186 2,386 27,689 60
Net income $ 23,825 $ 11,934 $ 67,315 $ 24,266
Earnings per share:        
Basic (in dollars per share) $ 0.25 $ 0.14 $ 0.72 $ 0.29
Diluted (in dollars per share) $ 0.25 $ 0.14 $ 0.72 $ 0.29
Dividends declared per common share (in dollars per share) $ 0.01 $ 0.01 $ 0.03 $ 0.13