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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, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest Income        
Interest and fees on loans $ 46,339 $ 49,109 $ 140,787 $ 149,371
Interest and dividends on investments:        
Taxable interest 7,520 8,444 24,348 25,376
Interest exempt from federal income taxes 1 9 11 208
Dividends 18 11 58 40
Interest on bank deposits 2 27 4 63
Total interest income 53,880 57,600 165,208 175,058
Interest Expense        
Interest on deposits 5,054 8,097 16,944 26,726
Interest on short-term borrowings 311 188 817 551
Interest on subordinated debentures 1,424 1,387 4,279 4,156
Interest on other long-term debt 441 448 1,430 1,391
Total interest on long-term debt 1,865 1,835 5,709 5,547
Total interest expense 7,230 10,120 23,470 32,824
Net Interest Income 46,650 47,480 141,738 142,234
Provision for credit losses 6,754 6,975 14,838 29,904
Net Interest Income after Provision for Credit Losses 39,896 40,505 126,900 112,330
Noninterest Income        
Changes in fair value on impaired securities 1,374 (2,535) 1,549 (218)
Non-credit related (gains) losses on securities not expected to be sold (recognized in other comprehensive income) (1,374) 2,535 (1,549) 218
Net impairment losses 0 0 0 0
Net securities gains 163 0 163 2,185
Trust income 1,631 1,603 4,780 5,085
Service charges on deposit accounts 3,736 3,836 10,975 11,010
Insurance and retail brokerage commissions 1,844 1,698 4,938 4,876
Income from bank owned life insurance 1,465 1,411 4,369 4,158
Gain on sale of assets 757 790 4,316 2,272
Card related interchange income 3,260 3,053 9,659 8,895
Joint venture termination fee 1,909 0 1,909 0
Other income 3,090 (1,592) 10,222 3,710
Total noninterest income 17,855 10,799 51,331 42,191
Noninterest Expense        
Salaries and employee benefits 21,280 20,418 65,401 63,092
Net occupancy expense 3,235 3,506 9,942 10,733
Furniture and equipment expense 3,118 3,092 9,326 9,407
Data processing expense 1,987 1,533 5,346 4,482
Pennsylvania shares tax expense 1,510 1,434 4,203 4,046
Intangible amortization 367 384 1,109 1,163
Collection and repossession expense 1,281 1,961 4,650 5,003
Other professional fees and services 1,028 1,706 3,167 3,930
FDIC insurance 1,258 1,177 3,757 4,260
Loss on sale or write-down of assets 426 159 4,215 4,674
Operational losses 3,657 186 4,033 408
Other operating expenses 5,618 5,565 18,216 17,052
Total noninterest expense 44,765 41,121 133,365 128,250
Income Before Income Taxes 12,986 10,183 44,866 26,271
Income tax provision 3,139 1,857 11,647 5,280
Net Income $ 9,847 $ 8,326 $ 33,219 $ 20,991
Average Shares Outstanding 104,080,025 104,728,915 104,593,125 104,678,233
Average Shares Outstanding Assuming Dilution 104,098,383 104,728,915 104,595,396 104,678,436
Per Share Data:        
Basic Earnings per Share $ 0.09 $ 0.08 $ 0.32 $ 0.20
Diluted Earnings per Share $ 0.09 $ 0.08 $ 0.32 $ 0.20
Cash Dividends Declared per Common Share $ 0.05 $ 0.03 $ 0.13 $ 0.09