XML 92 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Financial Condition (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Assets    
Cash and due from banks $ 360,816 $ 302,629
Interest bearing deposits with banks 165,847 63,657
Investment securities:    
Held to maturity, fair value of $2,002,359 at June 30, 2011 and $1,898,872 at December 31, 2010. 2,002,650 1,923,993
Available for sale 863,196 1,035,282
Trading securities 22,101 31,894
Total investment securities 2,887,947 2,991,169
Loans held for sale, at fair value 28,385 58,958
Non-covered loans 9,282,599 9,009,140
Covered loans 308,424 356,655
Less: Allowance for loan losses (138,626) (124,704)
Net loans 9,452,397 9,241,091
Premises and equipment, net 264,767 265,570
Bank owned life insurance 307,373 304,956
Accrued interest receivable 59,431 59,126
Due from customers on acceptances outstanding 7,017 6,028
FDIC loss-share receivable 80,179 89,359
Goodwill 317,891 317,891
Other intangible assets, net 24,002 25,650
Other assets 513,724 417,742
Total Assets 14,469,776 14,143,826
Liabilities    
Non-interest bearing 2,561,515 2,524,299
Interest bearing:    
Savings, NOW and money market 4,316,742 4,106,464
Time 2,828,190 2,732,851
Total deposits 9,706,447 9,363,614
Short-term borrowings 171,060 192,318
Long-term borrowings 2,727,481 2,933,858
Junior subordinated debentures issued to capital trusts (includes fair value of $159,787 at June 30, 2011 and $161,734 at December 31, 2010 for VNB Capital Trust I) 184,941 186,922
Bank acceptances outstanding 7,017 6,028
Accrued expenses and other liabilities 361,612 165,881
Total Liabilities 13,158,558 12,848,621
Shareholders' Equity*    
Preferred stock, no par value, authorized 30,000,000 shares; none issued   [1]   [1]
Common stock, no par value, authorized 220,974,508 shares; issued 170,146,143 shares at June 30, 2011 and 170,131,085 shares at December 31, 2010 59,891 [1] 57,041 [1]
Surplus 1,176,673 [1] 1,178,325 [1]
Retained earnings 91,867 [1] 79,803 [1]
Accumulated other comprehensive loss (10,288) [1] (5,719) [1]
Treasury stock, at cost (294,771 common shares at June 30, 2011 and 597,459 common shares at December 31, 2010) (6,925) [1] (14,245) [1]
Total Shareholders' Equity 1,311,218 1,295,205
Total Liabilities and Shareholders' Equity $ 14,469,776 $ 14,143,826
[1] Share data reflects the five percent common stock dividend issued on May 20, 2011.