XML 70 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 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Interest and dividend income:        
Interest and fees on loans $ 58,269 $ 65,645 $ 176,967 $ 196,961
Interest and dividends on:        
Obligations of U.S. Government, its agencies and other securities 12,187 16,289 39,565 54,302
Obligations of states and political subdivisions 33 69 121 310
Other interest income 129 62 289 76
Total interest and dividend income 70,618 82,065 216,942 251,649
Interest on deposits:        
Demand and savings deposits 636 976 1,992 2,918
Time deposits 3,757 5,661 12,517 18,595
Interest on borrowings:        
Short-term borrowings 168 182 506 642
Long-term debt 8,041 7,626 23,503 22,539
Total interest expense 12,602 14,445 38,518 44,694
Net interest income 58,016 67,620 178,424 206,955
Provision for loan losses 16,655 16,438 30,231 43,054
Net interest income after provision for loan losses 41,361 51,182 148,193 163,901
Other income:        
Income from fiduciary activities 4,019 3,615 11,891 11,266
Service charges on deposit accounts 4,244 4,894 12,469 13,664
Other service income 4,017 3,087 10,168 8,122
Checkcard fee income 3,038 3,154 9,390 9,381
Bank owned life insurance income 1,184 1,229 3,570 3,686
ATM fees 565 726 1,709 2,062
OREO devaluations (425) (588) (4,432) (6,478)
Gain/(loss) on the sale of OREO, net 138 210 3,386 693
Gain on sale of the Vision business       22,167   
Other 1,299 1,700 4,889 5,799
Total other income 18,079 18,027 75,207 48,195
Gain on sale of securities    3,465    25,462
Other expense:        
Salaries and employee benefits 24,255 25,799 71,891 76,116
Occupancy expense 2,303 2,665 7,222 8,429
Furniture and equipment expense 2,666 2,688 8,014 8,130
Data processing fees 904 1,184 3,003 3,572
Professional fees and services 6,040 5,005 17,421 15,199
Amortization of intangibles 139 669 2,033 2,007
Marketing 924 764 2,472 2,115
Insurance 1,408 681 4,298 5,295
Communication 1,470 1,475 4,501 4,516
Loan put provision 346 0 3,709 0
Other expense 5,228 4,669 15,393 13,573
Total other expense 45,683 45,599 139,957 138,952
Income before income taxes 13,757 27,075 83,443 98,606
Income taxes 1,775 6,694 21,100 27,076
Net income 11,982 20,381 62,343 71,530
Preferred stock dividends and accretion 0 1,464 3,425 4,392
Net income available to common shareholders $ 11,982 $ 18,917 $ 58,918 $ 67,138
Net income available to common shareholders        
Basic $ 0.78 $ 1.23 $ 3.82 $ 4.36
Diluted $ 0.78 $ 1.23 $ 3.82 $ 4.36
Weighted average common shares outstanding        
Basic 15,405,894 15,398,909 15,405,902 15,398,919
Diluted 15,405,894 15,398,909 15,409,186 15,400,641
Cash dividends declared $ 0.94 $ 0.94 $ 2.82 $ 2.82