XML 14 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Interest income:    
Interest and fees on loans$ 50,702$ 45,094$ 142,470$ 134,618
Interest and dividends on taxable investments14,27811,92841,14735,029
Interest and dividends on nontaxable investments5,4385,57516,93816,625
Total interest income70,41862,597200,555186,272
Interest expense:    
Interest on deposits6,8877,29619,68423,646
Interest on borrowings7,4667,46822,14622,617
Interest on subordinated debt held by unconsolidated subsidiary trusts1,4971,5094,4474,458
Total interest expense15,85016,27346,27750,721
Net interest income54,56846,324154,278135,551
Less: provision for loan losses1,0431,4003,1435,270
Net interest income after provision for loan losses53,52544,924151,135130,281
Noninterest income:    
Deposit service fees11,13411,18031,30733,036
Mortgage banking and other services1,4992,0783,9204,116
Benefit plan administration, consulting and actuarial fees7,6857,25623,72222,415
Wealth management services2,9042,4007,8667,442
Gain (loss) on investment securities & debt extinguishments, net(6)080
Total noninterest income23,21622,91466,82367,009
Operating expenses:    
Salaries and employee benefits26,54323,05675,18568,501
Occupancy and equipment6,1035,57518,41317,414
Data processing and communications5,3305,43015,27815,853
Amortization of intangible assets1,1611,2773,2514,985
Legal and professional fees1,6401,0144,2863,819
Office supplies and postage1,3001,3823,8733,942
Business development and marketing1,0961,2504,5343,995
Acquisition expenses and special charges381574,689256
Other4,5395,31113,02614,000
Total operating expenses48,09344,352142,535132,765
Income before income taxes28,64823,48675,42364,525
Income taxes8,6406,22421,26917,099
Net income$ 20,008$ 17,262$ 54,154$ 47,426
Basic earnings per share (in dollars per share)$ 0.54$ 0.52$ 1.52$ 1.43
Diluted earnings per share (in dollars per share)$ 0.54$ 0.51$ 1.50$ 1.42
Dividends declared per share (in dollars per share)$ 0.26$ 0.24$ 0.74$ 0.70