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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest Income        
Interest and fees on loans $ 43,629 $ 46,408 $ 88,243 $ 94,448
Interest and dividends on investments:        
Taxable interest 7,319 8,279 14,428 16,828
Interest exempt from federal income taxes 1 5 2 10
Dividends 30 19 66 40
Interest on bank deposits 2 1 3 2
Total interest income 50,981 54,712 102,742 111,328
Interest Expense        
Interest on deposits 4,007 5,643 8,198 11,890
Interest on short-term borrowings 287 279 507 506
Interest on subordinated debentures 580 1,422 1,964 2,855
Interest on other long-term debt 409 450 957 989
Total interest on long-term debt 989 1,872 2,921 3,844
Total interest expense 5,283 7,794 11,626 16,240
Net Interest Income 45,698 46,918 91,116 95,088
Provision for credit losses 10,800 4,297 15,297 8,084
Net Interest Income after Provision for Credit Losses 34,898 42,621 75,819 87,004
Noninterest Income        
Changes in fair value on impaired securities 2,841 (1,323) 4,705 175
Non-credit related (gains) losses on securities not expected to be sold (recognized in other comprehensive income) (2,841) 1,323 (4,705) (175)
Net impairment losses 0 0 0 0
Net securities gains 4 0 8 0
Trust income 1,608 1,607 3,271 3,149
Service charges on deposit accounts 3,815 3,737 7,216 7,239
Insurance and retail brokerage commissions 1,384 1,670 2,801 3,094
Income from bank owned life insurance 1,432 1,459 2,860 2,904
Gain on sale of assets 425 1,444 700 3,559
Fees and Commissions, Debit Cards 3,490 3,285 6,678 6,399
Other income 2,773 2,894 6,282 7,132
Total noninterest income 14,931 16,096 29,816 33,476
Noninterest Expense        
Salaries and employee benefits 21,497 22,363 43,290 44,121
Net occupancy expense 3,221 3,303 6,856 6,707
Furniture and equipment expense 3,297 3,024 6,569 6,208
Data processing expense 1,503 1,796 3,019 3,359
Pennsylvania shares tax expense 1,517 1,510 2,707 2,693
Intangible amortization 297 371 655 742
Collection and repossession expense 851 670 2,002 3,369
Other professional fees and services 948 940 1,917 2,139
FDIC insurance 1,084 1,262 2,134 2,499
Loss on redemption of subordinated debt 1,629 0 1,629 0
Other operating expenses 6,154 6,609 12,674 16,763
Total noninterest expense 41,998 41,848 83,452 88,600
Income Before Income Taxes 7,831 16,869 22,183 31,880
Income tax provision 2,015 4,548 5,814 8,508
Net Income $ 5,816 $ 12,321 $ 16,369 $ 23,372
Average Shares Outstanding (in shares) 97,564,699 104,894,261 98,421,956 104,852,494
Average Shares Outstanding Assuming Dilution (in shares) 97,577,010 104,901,239 98,429,223 104,855,543
Per Share Data:        
Basic Earnings per Share (in dollars per share) $ 0.06 $ 0.12 $ 0.17 $ 0.22
Diluted Earnings per Share (in dollars per share) $ 0.06 $ 0.12 $ 0.17 $ 0.22
Cash Dividends Declared per Common Share (in dollars per share) $ 0.06 $ 0.05 $ 0.11 $ 0.08