XML 71 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Condensed Statements Of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest and dividend income:        
Interest and fees on loans $ 57,593 $ 65,862 $ 118,698 $ 131,316
Interest and dividends on:        
Obligations of U.S. Government, its agencies and other securities 13,794 18,960 27,378 38,013
Obligations of states and political subdivisions 42 92 88 241
Other interest income 57 8 160 14
Total interest and dividend income 71,486 84,922 146,324 169,584
Interest on deposits:        
Demand and savings deposits 602 951 1,356 1,942
Time deposits 4,121 6,200 8,760 12,934
Interest on borrowings:        
Short-term borrowings 163 193 338 460
Long-term debt 7,920 7,556 15,462 14,913
Total interest expense 12,806 14,900 25,916 30,249
Net interest income 58,680 70,022 120,408 139,335
Provision for loan losses 5,238 12,516 13,576 26,616
Net interest income after provision for loan losses 53,442 57,506 106,832 112,719
Other income:        
Income from fiduciary activities 4,044 3,929 7,872 7,651
Service charges on deposit accounts 4,154 4,525 8,225 8,770
Other service income 3,417 2,734 6,151 5,035
Checkcard fee income 3,180 3,251 6,352 6,227
Bank owned life insurance income 1,184 1,228 2,386 2,457
ATM fees 536 682 1,144 1,336
OREO devaluations (2,648) (3,355) (4,007) (5,890)
Gains (Losses) on Sales of Other Real Estate 2,203 330 3,248 482
Gain on sale of the Vision business       22,167   
Other 1,438 1,814 3,590 4,100
Total other income 17,508 15,138 57,128 30,168
Gain on sale of securities    15,362    21,997
Other expense:        
Salaries and employee benefits 22,813 25,253 47,636 50,317
Occupancy expense 2,249 2,764 4,919 5,764
Furniture and equipment expense 2,727 2,785 5,348 5,442
Data processing fees 899 1,135 2,099 2,388
Professional fees and services 5,800 5,320 11,381 10,194
Amortization of intangibles 140 669 1,894 1,338
Marketing 705 728 1,548 1,351
Insurance 1,400 2,345 2,890 4,614
Communication 1,494 1,485 3,031 3,041
Loan put provision 2,701 0 3,363 0
Other expense 4,876 4,523 10,165 8,904
Total other expense 45,804 47,007 94,274 93,353
Income before income taxes 25,146 40,999 69,686 71,531
Income taxes 6,260 12,046 19,325 20,382
Net income 18,886 28,953 50,361 51,149
Preferred stock dividends and accretion 1,948 1,464 3,425 2,928
Net income available to common shareholders $ 16,938 $ 27,489 $ 46,936 $ 48,221
Net income available to common shareholders        
Basic $ 1.10 $ 1.79 $ 3.05 $ 3.13
Diluted $ 1.10 $ 1.79 $ 3.05 $ 3.13
Weighted average common shares outstanding        
Basic 15,405,902 15,398,919 15,405,906 15,398,925
Diluted 15,405,902 15,399,593 15,409,690 15,401,506
Cash dividends declared $ 0.94 $ 0.94 $ 1.88 $ 1.88