XML 82 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Assets    
Cash and due from banks $ 390,078 $ 372,566
Interest bearing deposits with banks 463,022 6,483
Investment securities:    
Held to maturity, fair value of $1,657,950 at December 31, 2012 and $2,027,197 at December 31, 2011 1,599,707 1,958,916
Available for sale 807,816 566,520
Trading securities 22,157 21,938
Total investment securities 2,429,680 2,547,374
Loans held for sale, at fair value 120,230 25,169
Non-covered loans 10,842,125 9,527,797
Covered loans 180,674 271,844
Less: Allowance for loan losses (130,200) (133,802)
Net loans 10,892,599 9,665,839
Premises and equipment, net 278,615 265,475
Bank owned life insurance 339,876 303,867
Accrued interest receivable 52,375 52,527
Due from customers on acceptances outstanding 3,323 5,903
FDIC loss-share receivable 44,996 74,390
Goodwill 428,234 317,962
Other intangible assets, net 31,123 20,818
Other assets 538,495 594,382
Total Assets 16,012,646 14,252,755
Liabilities    
Non-interest bearing 3,558,053 2,781,597
Interest bearing:    
Savings, NOW and money market 5,197,199 4,390,121
Time 2,508,766 2,501,384
Total deposits 11,264,018 9,673,102
Short-term borrowings 154,323 212,849
Long-term borrowings 2,697,299 2,726,099
Junior subordinated debentures issued to capital trusts (includes fair value of $147,595 at December 31, 2012 and $160,478 at December 31, 2011 for VNB Capital Trust I) 188,522 185,598
Bank acceptances outstanding 3,323 5,903
Accrued expenses and other liabilities 202,784 194,368
Total Liabilities 14,510,269 12,997,919
Shareholders' Equity    
Preferred stock, no par value, authorized 30,000,000 shares; none issued      
Common stock, no par value, authorized 232,023,233 shares; issued 198,499,275 shares at December 31, 2012 and 178,717,806 shares at December 31, 2011 69,494 59,955
Surplus 1,390,851 1,179,135
Retained earnings 93,495 78,599
Accumulated other comprehensive loss (50,909) (62,441)
Treasury stock, at cost (61,004 common shares at December 31, 2012 and 34,776 common shares at December 31, 2011) (554) (412)
Total Shareholders' Equity 1,502,377 1,254,836
Total Liabilities and Shareholders' Equity $ 16,012,646 $ 14,252,755