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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        
Loans and leases $ 182,201 $ 226,812 $ 579,115 $ 696,813
Investment securities:        
U. S. Treasury 392 559 1,355 1,968
Government agency 2,809 3,692 9,203 12,401
Residential mortgage-backed securities 6,415 4,792 15,500 8,883
Corporate bonds 0 278 0 2,319
State, county and municipal 2 6 10 30
Other 78 108 231 301
Total investment securities interest and dividend income 9,696 9,435 26,299 25,902
Overnight investments 737 427 1,750 1,230
Total interest income 192,634 236,674 607,164 723,945
Interest expense        
Deposits 7,923 13,850 27,233 45,369
Short-term borrowings 744 1,114 2,128 4,089
Long-term obligations 4,784 6,354 14,210 22,747
Total interest expense 13,451 21,318 43,571 72,205
Net interest income 179,183 215,356 563,593 651,740
Provision for loan and lease losses (7,683) 17,623 (39,531) 78,005
Net interest income after provision for loan and lease losses 186,866 197,733 603,124 573,735
Noninterest income        
Cardholder and merchant services 12,791 11,505 35,887 33,540
Merchant Discount Fees 14,887 13,220 42,619 38,332
Service charges on deposit accounts 15,546 15,549 45,428 45,456
Wealth management services 15,112 14,129 44,724 42,414
Fees from processing services 4,539 9,521 15,209 25,640
Securities gains (losses) 0 31 0 (11)
Other service charges and fees 4,043 3,377 11,775 10,392
Mortgage income 2,277 1,619 9,734 4,718
Insurance commissions 2,772 2,568 8,146 7,562
ATM income 1,316 1,263 3,798 3,999
Adjustments for FDIC receivable for loss share agreements (23,298) (16,858) (61,790) (57,788)
Other 21,933 (4,082) 38,896 1,827
Total noninterest income 71,918 51,842 194,426 156,081
Noninterest expense        
Salaries and wages 76,463 76,675 228,384 229,145
Employee benefits 21,889 18,741 70,136 59,548
Occupancy expense 18,844 18,860 56,117 55,467
Equipment expense 18,822 17,983 56,466 54,147
FDIC insurance expense 2,706 2,016 7,795 7,739
Foreclosure-related expenses 4,287 7,255 12,059 27,248
Other 49,132 48,547 144,108 134,911
Total noninterest expense 192,143 190,077 575,065 568,205
Income before income taxes 66,641 59,498 222,485 161,611
Income taxes 25,659 19,974 82,012 49,009
Net income $ 40,982 $ 39,524 $ 140,473 $ 112,602
Average shares outstanding (in shares) 9,618,941 10,264,159 9,618,955 10,273,082
Net income per share $ 4.26 $ 3.85 $ 14.60 $ 10.96