SEGMENT REPORTING

9 Months Ended

Sep. 30, 2013

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 Agenciesoperating segments. 

Results of operations and selected financial information by operating segment for the three-month and nine-month periods ended September 30, 2013 and 2012 were as follows:

				General
		Community	Insurance	Corporate
		Banking	Agencies	and Other	Total
	(In thousands)
Three months ended September 30, 2013:
Results of Operations
Net interest revenue		$             93,404	$                 41	$            6,796	$           100,241
Provision for credit losses		95	-	405	500
Net interest revenue after provision for credit losses		93,309	41	6,391	99,741
Noninterest revenue		27,443	24,878	10,193	62,514
Noninterest expense		80,733	21,515	27,149	129,397
Income (loss) before income taxes		40,019	3,404	(10,565)	32,858
Income tax expense (benefit)		10,180	1,542	(3,721)	8,001
Net income (loss)		$             29,839	$            1,862	$          (6,844)	$             24,857
Selected Financial Information
Total assets at end of period		$        9,773,134	$        186,003	$     2,957,016	$      12,916,153
Depreciation and amortization		5,658	858	$               728	7,244
Three months ended September 30, 2012:
Results of Operations
Net interest revenue		$             96,981	$                 62	$            6,336	$           103,379
Provision for credit losses		5,726	-	274	6,000
Net interest revenue after provision for credit losses		91,255	62	6,062	97,379
Noninterest revenue		28,826	23,461	18,133	70,420
Noninterest expense		84,672	20,721	28,395	133,788
Income (loss) before income taxes		35,409	2,802	(4,200)	34,011
Income tax expense (benefit)		11,150	1,147	(2,111)	10,186
Net income (loss)		$             24,259	$            1,655	$          (2,089)	$             23,825
Selected Financial Information
Total assets at end of period		$      10,085,948	$        176,027	$     2,973,762	$      13,235,737
Depreciation and amortization		5,973	953	732	7,658

			General
	Community	Insurance	Corporate
	Banking	Agencies	and Other	Total
	(In thousands)
Nine months ended September 30, 2013
Results of Operations
Net interest revenue	$          278,373	$                       131	$            18,028	$          296,532
Provision for credit losses	6,334	-	1,166	7,500
Net interest revenue after provision for credit losses	272,039	131	16,862	289,032
Noninterest revenue	80,670	77,202	52,069	209,941
Noninterest expense	248,494	64,913	93,612	407,019
Income (loss) before income taxes	104,215	12,420	(24,681)	91,954
Income tax expense (benefit)	33,830	3,619	(11,912)	25,537
Net income (loss)	$            70,385	$                    8,801	$          (12,769)	$            66,417
Selected Financial Information
Total assets at end of period	$       9,773,134	$                186,003	$       2,957,016	$     12,916,153
Depreciation and amortization	17,174	2,637	2,214	22,025
Nine months ended September 30, 2012
Results of Operations
Net interest revenue	$          294,720	$                       211	$            18,799	$          313,730
Provision for credit losses	20,242	-	1,758	22,000
Net interest revenue after provision for credit losses	274,478	211	17,041	291,730
Noninterest revenue	85,536	69,516	54,196	209,248
Noninterest expense	263,236	58,882	83,856	405,974
Income (loss) before income taxes	96,778	10,845	(12,619)	95,004
Income tax expense (benefit)	30,054	4,370	(6,735)	27,689
Net income (loss)	$            66,724	$                    6,475	$            (5,884)	$            67,315
Selected Financial Information
Total assets at end of period	$     10,085,948	$                176,027	$       2,973,762	$     13,235,737
Depreciation and amortization	17,835	2,669	2,198	22,702