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Condensed Consolidated Statements of Income (Unaudited) (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        
Interest and fees on loans $ 43,935 $ 46,339 $ 132,178 $ 140,787
Interest and dividends on investments:        
Taxable interest 8,280 7,520 22,708 24,348
Interest exempt from federal income taxes 1 1 3 11
Dividends 90 18 156 58
Interest on bank deposits 2 2 5 4
Total interest income 52,308 53,880 155,050 165,208
Interest Expense        
Interest on deposits 3,750 5,054 11,948 16,944
Interest on short-term borrowings 362 311 869 817
Interest on subordinated debentures 584 1,424 2,548 4,279
Interest on other long-term debt 383 441 1,340 1,430
Total interest on long-term debt 967 1,865 3,888 5,709
Total interest expense 5,079 7,230 16,705 23,470
Net Interest Income 47,229 46,650 138,345 141,738
Provision for credit losses 2,714 6,754 18,011 14,838
Net Interest Income after Provision for Credit Losses 44,515 39,896 120,334 126,900
Noninterest Income        
Changes in fair value on impaired securities 236 1,374 4,941 1,549
Non-credit related gains on securities not expected to be sold (recognized in other comprehensive income) (236) (1,374) (4,941) (1,549)
Net impairment losses 0 0 0 0
Net securities gains 229 163 237 163
Trust income 1,406 1,631 4,677 4,780
Service charges on deposit accounts 4,227 3,736 11,443 10,975
Insurance and retail brokerage commissions 1,822 1,844 4,623 4,938
Income from bank owned life insurance 1,359 1,465 4,219 4,369
Gain on sale of assets 1,356 757 2,056 4,316
Card related interchange income 3,536 3,260 10,214 9,659
Joint venture termination fee 0 1,909 0 1,909
Other income 3,148 3,090 9,430 10,222
Total noninterest income 17,083 17,855 46,899 51,331
Noninterest Expense        
Salaries and employee benefits 20,998 21,280 64,288 65,401
Net occupancy expense 3,274 3,235 10,130 9,942
Furniture and equipment expense 3,294 3,118 9,863 9,326
Data processing expense 1,492 1,987 4,511 5,346
Pennsylvania shares tax expense 1,516 1,510 4,223 4,203
Intangible amortization 193 367 848 1,109
Collection and repossession expense 860 1,281 2,862 4,650
Other professional fees and services 878 1,028 2,795 3,167
FDIC insurance 1,178 1,258 3,312 3,757
Loss on sale or write-down of assets (479) (426) (1,009) (4,215)
Loss on redemption of subordinated debt 0 0 1,629 0
Operational losses 238 3,657 790 4,033
Other operating expenses 5,645 5,618 17,237 18,216
Total noninterest expense 40,045 44,765 123,497 133,365
Income Before Income Taxes 21,553 12,986 43,736 44,866
Income tax provision 5,699 3,139 11,513 11,647
Net Income $ 15,854 $ 9,847 $ 32,223 $ 33,219
Average Shares Outstanding (in shares) 96,194,594 104,080,025 97,671,343 104,593,125
Average Shares Outstanding Assuming Dilution (in shares) 96,208,545 104,098,383 97,675,352 104,595,396
Per Share Data:        
Basic Earnings per Share (in dollars per share) $ 0.16 $ 0.09 $ 0.33 $ 0.32
Diluted Earnings per Share (in dollars per share) $ 0.16 $ 0.09 $ 0.33 $ 0.32
Cash Dividends Declared per Common Share (in dollars per share) $ 0.06 $ 0.05 $ 0.17 $ 0.13