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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income        
Loans, including fees $ 52,908 $ 59,536 $ 163,955 $ 189,362
Investment securities        
Taxable 8,267 8,358 24,938 29,254
Tax-exempt 541 111 1,681 366
Total interest on investment securities 8,808 8,469 26,619 29,620
Other earning assets (2,185) (1,700) (5,213) (5,657)
Total interest income 59,531 66,305 185,361 213,325
Interest expense        
Deposits 2,856 5,730 10,000 19,827
Short-term borrowings 286 54 920 103
Long-term borrowings 617 675 1,925 2,030
Total interest expense 3,759 6,459 12,845 21,960
Net interest income 55,772 59,846 172,516 191,365
Provision for loan and lease losses - uncovered 1,413 3,613 6,863 15,235
Provision for loan and lease losses - covered 5,293 6,622 6,052 25,620
Net interest income after provision for loan and lease losses 49,066 49,611 159,601 150,510
Noninterest income        
Service charges on deposit accounts 5,447 5,499 15,369 15,784
Trust and wealth management fees 3,366 3,374 10,813 10,542
Bankcard income 2,637 2,387 8,215 7,502
Net gains from sales of loans 751 1,319 2,546 3,391
Gains on sales of investment securities 0 2,617 1,724 2,617
FDIC loss sharing income 5,555 8,496 7,105 29,592
Accelerated discount on covered loans 1,711 3,798 5,581 11,207
Other 2,824 3,340 9,251 15,665
Total noninterest income 22,291 30,830 60,604 96,300
Noninterest expenses        
Salaries and employee benefits 23,834 27,212 77,379 85,121
Pension settlement charges 1,396 0 5,712 0
Net occupancy 5,101 5,153 16,650 15,560
Furniture and equipment 2,213 2,332 6,834 6,899
Data processing 2,584 2,334 7,612 6,311
Marketing 1,192 1,592 3,271 3,984
Communication 865 788 2,479 2,595
Professional services 1,528 1,304 5,095 5,602
State intangible tax 1,010 961 3,028 2,957
FDIC assessments 1,107 1,164 3,380 3,597
Loss (gain) - other real estate owned 184 1,372 902 2,681
Loss (gain) - covered other real estate owned 204 (25) (2,165) 2,500
Loss sharing expense 1,724 3,584 5,588 8,420
Other 5,859 7,515 19,425 22,296
Total noninterest expenses 48,801 55,286 155,190 168,523
Income before income taxes 22,556 25,155 65,015 78,287
Income tax expense 7,645 8,913 20,451 27,249
Net income $ 14,911 $ 16,242 $ 44,564 $ 51,038
Earnings per common share        
Basic $ 0.26 $ 0.28 $ 0.78 $ 0.88
Diluted $ 0.26 $ 0.28 $ 0.77 $ 0.87
Cash dividends declared per share $ 0.27 $ 0.30 $ 0.79 $ 0.90
Average common shares outstanding - basic 57,201,390 57,976,943 57,309,934 57,902,102
Average common shares outstanding - diluted 58,012,588 58,940,179 58,143,372 58,930,570