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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Loans including fees:        
Taxable $ 63,223 $ 62,911 $ 127,441 $ 125,041
Nontaxable 2,380 2,228 4,559 4,447
Investment securities, available-for-sale:        
Taxable 11,140 11,316 22,212 22,660
Nontaxable 4,933 3,905 9,483 7,485
Investment securities, held-to-maturity, taxable 3,999 4,894 8,069 9,869
Money market and other interest-earning investments 7 10 20 25
Total interest income 85,682 85,264 171,784 169,527
Interest Expense        
Deposits 5,016 7,044 10,284 14,726
Short-term borrowings 213 118 480 245
Other borrowings 1,262 2,129 2,779 4,310
Total interest expense 6,491 9,291 13,543 19,281
Net interest income 79,191 75,973 158,241 150,246
Provision for loan losses (3,693) 393 (2,848) 2,449
Net interest income after provision for loan losses 82,884 75,580 161,089 147,797
Noninterest Income        
Wealth management fees 6,412 5,844 12,068 10,940
Service charges on deposit accounts 11,766 12,904 22,864 25,766
ATM fees 5,942 5,895 11,740 12,228
Mortgage banking revenue 1,593 773 2,866 1,332
Insurance premiums and commissions 9,318 9,311 20,261 18,925
Investment product fees 4,074 3,163 7,657 6,094
Company-owned life insurance 1,614 1,512 3,258 3,007
Net securities gains 1,789 6,992 2,808 7,611
Total other-than-temporary impairment losses   (780)    (876)
Loss recognized in other comprehensive income            
Impairment losses recognized in earnings   (780)   (876)
Gain (loss) on derivatives 144 249 132 431
Gain on sale leaseback transactions 1,791 1,606 3,375 3,213
Gain on branch divestitures-deposit premium     2,244  
Change in FDIC indemnification asset (1,474) (4,005) (3,776) 759
Other income 3,275 5,078 7,062 8,245
Total noninterest income 46,244 48,542 92,559 97,675
Noninterest Expense        
Salaries and employee benefits 48,723 46,751 99,683 92,797
Occupancy 12,029 13,256 24,113 25,716
Equipment 2,775 2,967 5,673 5,823
Marketing 1,934 1,495 3,139 2,937
Data processing 5,659 5,934 10,891 11,403
Communication 2,703 2,602 5,269 5,426
Professional fees 2,834 2,630 6,503 5,354
Loan expense 1,969 1,528 3,585 3,136
Supplies 649 609 1,218 1,367
FDIC assessment 118 1,379 1,770 2,774
Other real estate owned expense 1,537 1,576 2,551 11,383
Amortization of intangibles 1,840 1,911 4,365 3,932
Other expense 4,146 3,389 8,339 5,266
Total noninterest expense 86,916 86,027 177,099 177,314
Income before income taxes 42,212 38,095 76,549 68,158
Income tax expense 13,734 10,889 24,126 19,229
Net income $ 28,478 $ 27,206 $ 52,423 $ 48,929
Net income per common share-basic $ 0.28 $ 0.29 $ 0.52 $ 0.52
Net income per common share-diluted $ 0.28 $ 0.29 $ 0.52 $ 0.52
Weighted average number of common shares outstanding-basic 100,981 94,514 101,031 94,479
Weighted average number of common shares outstanding-diluted 101,352 94,871 101,448 94,847
Dividends per common share $ 0.10 $ 0.09 $ 0.20 $ 0.18