XML 92 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Interest income      
Loans and leases $ 757,197 $ 967,601 $ 967,737
Investment securities:      
U. S. Treasury 1,645 2,471 8,248
Government agency 12,265 15,688 19,848
Residential mortgage-backed securities 22,642 14,388 9,235
Corporate bonds 0 2,574 7,975
State, county and municipal 12 36 174
Other 320 340 548
Total investment securities interest and dividend income 36,884 35,497 46,028
Overnight investments 2,723 1,738 1,394
Total interest income 796,804 1,004,836 1,015,159
Interest expense      
Deposits 34,495 57,568 101,888
Short-term borrowings 2,724 5,107 5,993
Long-term obligations 19,399 27,473 36,311
Total interest expense 56,618 90,148 144,192
Net interest income (loss) 740,186 914,688 870,967
Provision for loan and lease losses (32,255) 142,885 232,277
Net interest income after provision for loan and lease losses 772,441 771,803 638,690
Noninterest income      
Gains on acquisitions 0 0 150,417
Cardholder and merchant services 48,360 45,174 56,279
Merchant Discount Fees 56,024 50,298 54,543
Service charges on deposit accounts 60,661 61,564 63,775
Wealth management services 59,628 57,236 54,974
Fees from processing services 22,821 34,816 30,487
Securities gains (losses) 0 2,277 (288)
Other service charges and fees 15,696 14,239 22,647
Mortgage income 11,065 8,072 6,597
Insurance commissions 10,694 9,974 9,165
ATM income 5,026 5,279 6,020
Adjustments for FDIC receivable for loss share agreements (72,342) (101,594) (19,305)
Other 45,970 1,965 29,055
Total noninterest income 263,603 189,300 464,366
Noninterest expense      
Salaries and wages 308,941 307,331 308,088
Employee benefits 90,479 78,861 72,526
Occupancy expense 75,718 74,798 74,832
Equipment expense 75,545 74,822 69,951
FDIC insurance expense 10,175 10,656 16,459
Foreclosure-related expenses 17,134 40,654 46,133
Other 193,388 179,811 204,936
Total noninterest expense 771,380 766,933 792,925
Income before income taxes 264,664 194,170 310,131
Income taxes 96,965 59,822 115,103
Income taxes 49,076 95,087 131,740
Net income $ 167,699 $ 134,348 $ 195,028
Average shares outstanding (in shares) 9,618,952 10,244,472 10,376,445
Cash dividends (in dollars per share) $ 1.20 $ 1.20 $ 1.20
Net income per share $ 17.43 $ 13.11 $ 18.80