XML 20 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Interest income        
Interest and fees on loans $ 71,264 $ 75,524 $ 213,909 $ 226,852
Interest on federal funds sold and other short-term investments 157 145 446 903
Interest and dividends on securities:        
Taxable 4,585 4,843 11,973 13,841
Tax-exempt 699 824 2,187 2,633
Total interest income 76,705 81,336 228,515 244,229
Interest expense        
Interest on deposits 6,569 7,844 20,403 24,776
Interest on short-term borrowings 276 59 694 184
Interest on long-term borrowings 2,230 3,419 6,763 11,234
Total interest expense 9,075 11,322 27,860 36,194
Net interest income 67,630 70,014 200,655 208,035
Provision for loan losses 4,777 4,346 14,924 11,915
Net interest income after provision for loan losses 62,853 65,668 185,731 196,120
Other income        
Fees from trust and brokerage services 4,006 4,170 12,206 12,167
Fees from deposit services 10,341 10,521 30,173 31,226
Bankcard fees and merchant discounts 1,003 866 2,699 2,251
Other service charges, commissions, and fees 599 513 1,786 1,690
Income from bank-owned life insurance 1,138 1,247 4,712 3,791
Income from mortgage banking 605 819 2,309 1,620
Other income 542 686 2,279 1,992
Total other-than-temporary impairment losses 0 (1,606) 285 (4,991)
Portion of loss recognized in other comprehensive income 0 (649) (1,256) (383)
Net other-than-temporary impairment losses 0 (2,255) (971) (5,374)
Net gains on sales/calls of investment securities 101 67 589 184
Net investment securities gains (losses) 101 (2,188) (382) (5,190)
Total other income 18,335 16,634 55,782 49,547
Other expense        
Employee compensation 17,269 17,258 50,830 53,130
Employee benefits 5,842 5,271 17,510 16,286
Net occupancy expense 4,931 5,060 14,943 15,423
Other real estate owned (OREO) expense 1,535 2,160 5,135 6,648
Equipment expense 1,960 2,051 5,370 6,400
Data processing expense 2,880 3,675 8,424 9,523
Bankcard processing expense 331 342 988 959
FDIC insurance expense 1,539 1,489 4,662 4,539
Other expense 12,298 16,563 37,519 42,475
Total other expense 48,585 53,869 145,381 155,383
Income before income taxes 32,603 28,433 96,132 90,284
Income taxes 10,433 9,099 30,164 28,891
Net income $ 22,170 $ 19,334 $ 65,968 $ 61,393
Earnings per common share:        
Basic $ 0.44 $ 0.38 $ 1.31 $ 1.22
Diluted $ 0.44 $ 0.38 $ 1.31 $ 1.22
Dividends per common share $ 0.31 $ 0.31 $ 0.93 $ 0.93
Average outstanding shares:        
Basic 50,378,613 50,276,074 50,336,741 50,262,089
Diluted 50,472,959 50,295,162 50,402,455 50,298,998