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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest income    
Loans, including fees$ 70,086$ 75,957$ 216,031$ 230,239
Investment securities    
Taxable7,4115,38621,29416,226
Tax-exempt176240566720
Total investment securities interest7,5875,62621,86016,946
Other earning assets(1,721)3,101(4,059)13,996
Total interest income75,95284,684233,832261,181
Interest expense    
Deposits9,82314,45731,99045,413
Short-term borrowings442513861
Long-term borrowings8672,0342,8937,147
Subordinated debentures and capital securities0322391956
Total interest expense10,73416,83835,41253,577
Net interest income65,21867,846198,420207,604
Provision for loan and lease losses - uncovered7,6436,28714,04623,823
Provision for loan and lease losses - covered7,26020,72557,17149,147
Net interest income after provision for loan losses50,31540,834127,203134,634
Noninterest income    
Service charges on deposit accounts4,7935,63214,28617,098
Trust and wealth management fees3,3773,36610,80910,579
Bankcard income2,3182,1936,8016,263
Net gains from sales of loans1,2432,7493,0863,391
FDIC loss sharing income8,37717,80053,45540,538
Accelerated discount on covered loans5,2079,44815,74622,954
Loss on preferred securities000(30)
Other2,8003,7078,70811,504
Total noninterest income28,11544,895112,891112,297
Noninterest expenses    
Salaries and employee benefits27,77428,79080,46788,544
Net occupancy4,1644,66315,51718,125
Furniture and equipment2,3862,4907,5207,277
Data processing1,4661,1914,1573,559
Marketing1,5841,2304,2273,904
Communication7729862,3393,016
Professional services2,0622,1177,3846,306
Debt extinguishment08,02908,029
State intangible tax5467243,1473,481
FDIC expense1,2112,1234,4846,040
Loss (gain)-Other real estate owned(287)(152)3,198456
Loss-Covered other real estate owned2,7076968,440766
Other8,7578,42322,54927,887
Total noninterest expenses53,14261,310163,429177,390
Income before income taxes25,28824,41976,66569,541
Income tax expense9,6708,84027,86724,590
Net income15,61815,57948,79844,951
Dividends on preferred stock0001,865
Net income available to common shareholders$ 15,618$ 15,579$ 48,798$ 43,086
Net earnings per common share - basic:$ 0.27$ 0.27$ 0.85$ 0.76
Net earnings per common share - diluted:$ 0.27$ 0.27$ 0.83$ 0.75
Cash dividends declared per share$ 0.27$ 0.10$ 0.51$ 0.30
Average basic shares outstanding57,735,81157,570,70957,674,25056,765,933
Average diluted shares outstanding58,654,09958,531,50558,699,95257,758,906