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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest income:        
Interest and fees on loans $ 47,077 $ 49,471 $ 94,715 $ 91,768
Interest and dividends on taxable investments 17,450 14,640 31,725 26,869
Interest and dividends on nontaxable investments 6,018 5,739 11,616 11,500
Total interest income 70,545 69,850 138,056 130,137
Interest expense:        
Interest on deposits 4,380 6,791 9,889 12,797
Interest on borrowings 7,713 7,389 15,113 14,680
Interest on subordinated debt held by unconsolidated subsidiary trusts 681 1,483 1,374 2,950
Total interest expense 12,774 15,663 26,376 30,427
Net interest income 57,771 54,187 111,680 99,710
Less: provision for loan losses 2,155 1,050 3,799 2,100
Net interest income after provision for loan losses 55,616 53,137 107,881 97,610
Noninterest income:        
Deposit service fees 11,035 10,488 21,404 20,173
Mortgage and other banking services 896 1,627 1,890 2,421
Benefit trust administration, consulting and actuarial fees 8,664 7,854 17,637 16,037
Wealth management services 3,101 2,782 6,233 4,962
Gain on investment securities & debt extinguishments, net 0 14 0 14
Total noninterest income 23,696 22,765 47,164 43,607
Operating expenses:        
Salaries and employee benefits 26,844 25,531 54,269 48,642
Occupancy and equipment 6,130 6,253 12,593 12,310
Data processing and communications 5,768 5,179 11,351 9,949
Amortization of intangible assets 1,045 1,189 2,131 2,090
Legal and professional fees 1,804 1,307 4,012 2,646
Office supplies and postage 1,382 1,377 2,850 2,573
Business development and marketing 1,876 2,183 3,048 3,438
FDIC insurance premiums 903 1,177 1,809 2,538
Acquisition expenses 164 3,617 424 4,308
Other 3,454 3,313 6,286 5,948
Total operating expenses 49,370 51,126 98,773 94,442
Income before income taxes 29,942 24,776 56,272 46,775
Income taxes 8,871 6,790 16,375 12,629
Net income $ 21,071 $ 17,986 $ 39,897 $ 34,146
Basic earnings per share (in dollars per share) $ 0.53 $ 0.49 $ 1.02 $ 0.97
Diluted earnings per share (in dollars per share) $ 0.53 $ 0.49 $ 1.01 $ 0.96
Dividends declared per share (in dollars per share) $ 0.26 $ 0.24 $ 0.52 $ 0.48