XML 72 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest income:      
Interest and fees on loans $ 188,197 $ 192,710 $ 192,981
Interest and dividends on taxable investments 54,995 65,165 55,634
Interest and dividends on nontaxable investments 20,967 23,525 22,354
Total interest income 264,159 281,400 270,969
Interest expense:      
Interest on deposits 10,732 18,162 26,156
Interest on borrowings 12,813 30,098 29,599
Interest on subordinated debt held by unconsolidated subsidiary trusts 2,520 2,716 5,801
Total interest expense 26,065 50,976 61,556
Net interest income 238,094 230,424 209,413
Provision for loan losses 7,992 9,108 4,736
Net interest income after provision for loan losses 230,102 221,316 204,677
Noninterest income:      
Deposit service fees 49,357 46,064 42,334
Other banking services 5,245 4,069 4,651
Employee Benefit Services 38,596 35,946 31,601
Wealth management services 15,550 12,876 10,697
Gain on sales of investment securities, net 80,768 291 30
Loss on debt extinguishments (87,336) 0 (91)
Total noninterest income 102,180 99,246 89,222
Noninterest expenses:      
Salaries and employee benefits 121,629 112,034 102,278
Occupancy and equipment 27,045 25,799 24,502
Data processing and communications 27,186 23,696 20,525
Amortization of intangible assets 4,469 4,607 4,381
Legal and professional fees 7,008 7,950 5,889
Office supplies and postage 6,122 5,742 5,246
Business development and marketing 6,815 5,919 5,931
FDIC insurance premiums 3,829 3,804 3,920
Acquisition expenses 2,181 5,747 4,831
Other 14,971 16,459 12,869
Total noninterest expenses 221,255 211,757 190,372
Income before income taxes 111,027 108,805 103,527
Income taxes 32,198 31,737 30,385
Net income $ 78,829 $ 77,068 $ 73,142
Basic earnings per share (in dollars per share) $ 1.96 $ 1.95 $ 2.03
Diluted earnings per share (in dollars per share) $ 1.94 $ 1.93 $ 2.01