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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest income        
Loans and leases $ 185,151 $ 231,864 $ 396,914 $ 470,001
Investment securities:        
U. S. Treasury 467 670 963 1,409
Government agency 3,068 4,377 6,394 8,709
Residential mortgage-backed securities 4,506 2,202 9,085 4,091
Corporate bonds 0 842 0 2,041
State, county and municipal 2 12 8 24
Other 76 62 153 193
Total investment securities interest and dividend income 8,119 8,165 16,603 16,467
Overnight investments 656 490 1,013 803
Total interest income 193,926 240,519 414,530 487,271
Interest expense        
Deposits 8,997 15,047 19,310 31,519
Short-term borrowings 680 1,584 1,384 2,975
Long-term obligations 4,721 8,456 9,426 16,393
Total interest expense 14,398 25,087 30,120 50,887
Net interest income 179,528 215,432 384,410 436,384
Provision for loan and lease losses (13,242) 29,667 (31,848) 60,382
Net interest income after provision for loan and lease losses 192,770 185,765 416,258 376,002
Noninterest income        
Cardholder and merchant services 27,271 24,697 50,828 47,147
Service charges on deposit accounts 14,883 15,061 29,882 29,907
Wealth management services 15,097 14,530 29,612 28,285
Fees from processing services 5,051 7,557 10,670 16,119
Securities gains (losses) 0 3 0 (42)
Other service charges and fees 3,966 3,574 7,732 7,015
Mortgage income 3,669 175 7,457 3,099
Insurance commissions 2,394 2,238 5,374 4,994
ATM income 1,314 1,281 2,482 2,736
Adjustments for FDIC receivable for loss share agreements (14,439) (14,134) (38,492) (40,930)
Other 5,789 2,314 16,963 5,909
Total noninterest income 64,995 57,296 122,508 104,239
Noninterest expense        
Salaries and wages 75,802 76,786 151,921 152,470
Employee benefits 23,228 20,558 48,247 40,807
Occupancy expense 18,464 18,000 37,273 36,607
Equipment expense 18,698 17,998 37,644 36,164
FDIC insurance expense 2,423 2,666 5,089 5,723
Foreclosure-related expenses 3,467 15,389 7,772 19,993
Other 46,485 43,400 94,976 86,364
Total noninterest expense 188,567 194,797 382,922 378,128
Income before income taxes 69,198 48,264 155,844 102,113
Income taxes 25,292 10,681 56,353 29,035
Net income $ 43,906 $ 37,583 $ 99,491 $ 73,078
Average shares outstanding (in shares) 9,618,941 10,271,343 9,618,963 10,277,593
Net income per share $ 4.56 $ 3.66 $ 10.34 $ 7.11